Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Align Technology's Enterprise Value is $22,813 Mil.
Align Technology's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $573 Mil. Therefore, Align Technology's EV-to-EBIT ratio for today is 39.80.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Align Technology's Enterprise Value is $22,813 Mil.
Align Technology's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was $711 Mil. Therefore, Align Technology's EV-to-EBITDA ratio for today is 32.10.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Align Technology's Enterprise Value is $22,813 Mil.
Align Technology's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 was $3,737 Mil. Therefore, Align Technology's EV-to-Revenue ratio for today is 6.10.
Align Technology Enterprise Value Historical Data
The historical data trend for Align Technology's Enterprise Value 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 Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Enterprise Value
15,972.55
21,076.52
41,266.54
50,680.67
15,422.93
Align Technology Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Enterprise Value
17,697.53
15,207.67
15,422.93
24,809.81
26,190.44
Competitive Comparison
For the Medical Devices subindustry, Align Technology's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Align Technology's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.
Align Technology Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Align Technology's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Align Technology (NAS:ALGN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Align Technology's current Enterprise Value is $22,813 Mil.
Align Technology's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $573 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Align Technology's current Enterprise Value is $22,813 Mil.
Align Technology's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $711 Mil.
Align Technology's current Enterprise Value is $22,813 Mil.
Align Technology's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,737 Mil.
* 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.
Align Technology Enterprise Value Related Terms
Thank you for viewing the detailed overview of Align Technology's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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