This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Align Technology's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $50.432. Align Technology's 10-Year median PS Ratio is 7.7758. Therefore, the Median PS Value for today is $392.15.
As of today (2024-04-23), Align Technology's share price is $311.88. Align Technology's Median PS Value is $392.15. Therefore, Align Technology's Price to Median PS Value for today is 0.80.
The historical rank and industry rank for Align Technology's Median PS Value or its related term are showing as below:
ALGN'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.56 Med: 1.46 Max: 2.5
Current: 0.8
During the past 13 years, the highest Price to Median PS Value of Align Technology was 2.50. The lowest was 0.56. And the median was 1.46.
ALGN's Price-to-Median-PS-Value is ranked better than 50.64% of 312
companies
in the Medical Devices & Instruments industry
Industry Median: 0.77
vs ALGN: 0.80
Align Technology Median PS Value Historical Data
The historical data trend for Align Technology's Median PS 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.
For the Medical Devices subindustry, Align Technology's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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 Price-to-Median-PS-Value Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Align Technology's Price-to-Median-PS-Value falls into.
Align Technology Median PS Value Calculation
Align Technology's Median PS Value for today is calculated as
10-Year Median PS Ratio is 7.7758.
Align Technology's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $50.432.
* 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) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Align Technology's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
311.88
/
392.15
=
0.80
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Align Technology's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Align Technology (Align Technology) Business Description
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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