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ALGN (Align Technology) E10 : $7.73 (As of Dec. 2024)


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What is Align Technology E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Align Technology's adjusted earnings per share data for the three months ended in Dec. 2024 was $1.390. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $7.73 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Align Technology's average E10 Growth Rate was 7.40% per year. During the past 3 years, the average E10 Growth Rate was 10.40% per year. During the past 5 years, the average E10 Growth Rate was 23.70% per year. During the past 10 years, the average E10 Growth Rate was 32.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Align Technology was 146.60% per year. The lowest was 10.40% per year. And the median was 35.30% per year.

As of today (2025-03-14), Align Technology's current stock price is $166.19. Align Technology's E10 for the quarter that ended in Dec. 2024 was $7.73. Align Technology's Shiller PE Ratio of today is 21.50.

During the past 13 years, the highest Shiller PE Ratio of Align Technology was 246.71. The lowest was 20.76. And the median was 91.22.


Align Technology E10 Historical Data

The historical data trend for Align Technology's E10 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.

* Premium members only.

Align Technology E10 Chart

Align Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.54 5.75 6.50 7.20 7.73

Align Technology Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.20 7.41 7.53 7.65 7.73

Competitive Comparison of Align Technology's E10

For the Medical Instruments & Supplies subindustry, Align Technology's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio Distribution in the Medical Devices & Instruments Industry

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

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



Align Technology E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Align Technology's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.39/133.1571*133.1571
=1.390

Current CPI (Dec. 2024) = 133.1571.

Align Technology Quarterly Data

per share eps CPI Adj_EPS
201503 0.440 99.621 0.588
201506 0.390 100.684 0.516
201509 0.340 100.392 0.451
201512 0.600 99.792 0.801
201603 0.500 100.470 0.663
201606 0.620 101.688 0.812
201609 0.630 101.861 0.824
201612 0.590 101.863 0.771
201703 0.850 102.862 1.100
201706 0.850 103.349 1.095
201709 1.010 104.136 1.291
201712 0.130 104.011 0.166
201803 1.170 105.290 1.480
201806 1.300 106.317 1.628
201809 1.240 106.507 1.550
201812 1.200 105.998 1.507
201903 0.890 107.251 1.105
201906 1.830 108.070 2.255
201909 1.280 108.329 1.573
201912 1.530 108.420 1.879
202003 19.210 108.902 23.489
202006 -0.520 108.767 -0.637
202009 1.760 109.815 2.134
202012 2.000 109.897 2.423
202103 2.510 111.754 2.991
202106 2.510 114.631 2.916
202109 2.280 115.734 2.623
202112 2.400 117.630 2.717
202203 1.700 121.301 1.866
202206 1.440 125.017 1.534
202209 0.930 125.227 0.989
202212 0.540 125.222 0.574
202303 1.140 127.348 1.192
202306 1.460 128.729 1.510
202309 1.580 129.860 1.620
202312 1.640 129.419 1.687
202403 1.390 131.776 1.405
202406 1.280 132.554 1.286
202409 1.550 133.029 1.551
202412 1.390 133.157 1.390

Add all the adjusted EPS together and divide 10 will get our e10.


Align Technology  (NAS:ALGN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Align Technology's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=166.19/7.73
=21.50

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Align Technology was 246.71. The lowest was 20.76. And the median was 91.22.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Align Technology E10 Related Terms

Thank you for viewing the detailed overview of Align Technology's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Align Technology Business Description

Address
410 North Scottsdale Road, Suite 1300, Tempe, AZ, USA, 85288
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and 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.
Executives
Larkin C Raymond Jr director C/O MALLINCKRODT INC, 7733 FORSYTH BLVD, ST LOUIS MO 63105
Joseph Lacob director 2820 ORCHARD PARKWAY, SAN JOSE CA 95131
Emory Wright officer: VP, Operations C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 95131
Joseph M Hogan director, officer: President and CEO C/O ALIGN TECHNOLOGY, INC., 410 NORTH SCOTTSDALE ROAD, SUITE 1300, TEMPE AZ 85281
Kevin J Dallas director C/O ALIGN TECHNOLOGY INC., 2560 ORCHARD PARKWAY, SAN JOSE CA 95134
John Morici officer: Chief Financial Officer C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 94131
Warren S Thaler director C/O ALIGN TECHNOLOGY, INC., 410 NORTH SCOTTSDALE ROAD, SUITE 1300, TEMPE AZ 85281
Anne Myong director 2820 ORCHARD PARKWAY, SAN JOSE CA 95141
Julie Ann Coletti officer: SVP, Chief Legal & Regulatory 2820 ORCHARD PARKWAY, SAN JOSE CA 95131
Greg J Santora director 4201 GRANT COURT, PLEASANTON CA 94566
Stuart A Hockridge officer: VP, Global Human Resources C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 95131
George J Morrow director AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
Andrea Lynn Saia director C/O COCA-COLA ENTERPRISES, INC., 2500 WINDY RIDGE PARKWAY, NW, 14TH FLOOR, ATLANTA GA 30339
Thomas M Prescott director C/O ALIGN TECHNOLOGY INC, 2820 ORCHARD PARKWAY, SAN JOSE CA 95131
Yuval Shaked officer: SVP and Mgng Director, Itero C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 95134