Align Technology (FRA:AFW) Forward PE Ratio : 26.95 (As of May. 26, 2024)

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What is Align Technology Forward PE Ratio?

Align Technology's Forward PE Ratio for today is 26.95.

Align Technology's PE Ratio without NRI for today is 28.66.

Align Technology's PE Ratio for today is 42.11.

Align Technology Forward PE Ratio Historical Data

The historical data trend for Align Technology's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Align Technology Forward PE Ratio Chart

Align Technology Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

29.94

31.06

49.51

34.84

41.49

62.89

45.87

26.74

30.67

26.74

Align Technology Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	29.94	24.63	37.04	32.68	31.06	37.74	44.05	44.84	49.51	58.48	70.42	60.98	34.84	50.00	49.26	26.25	41.49	27.25	60.24	45.87	62.89	59.52	64.10	54.95	45.87	34.25	25.38	19.69	26.74	41.84	43.67	29.76	30.67	37.17

Competitive Comparison of Align Technology's Forward PE Ratio

For the Medical Devices subindustry, Align Technology's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Align Technology's Forward PE Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Align Technology's Forward PE Ratio falls into.

Align Technology Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Align Technology (FRA:AFW) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Align Technology Forward PE Ratio Related Terms

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Align Technology (FRA:AFW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Align Technology Inc (FRA:AFW) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

ALGN:USA ALGN:Mexico AFW:Germany A1LG34:Brazil

Address

410 North Scottsdale Road, Suite 1300, Tempe, AZ, USA, 85281

Website

https://www.aligntech.com

Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998, and it has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.

Align Technology (FRA:AFW) Headlines

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