Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Align Technology's share price for the quarter that ended in Jun. 2023 was $353.64. Align Technology's Shares Outstanding (EOP) for the quarter that ended in Jun. 2023 was 77 Mil. Therefore, Align Technology's market cap for the quarter that ended in Jun. 2023 was $27,065 Mil.
Align Technology's quarterly market cap
increased
from Dec. 2022 ($16,296 Mil) to Mar. 2023 ($25,567 Mil) and
increased
from Mar. 2023 ($25,567 Mil) to Jun. 2023 ($27,065 Mil).
Align Technology's annual market cap
increased
from Dec. 2020 ($42,141 Mil) to Dec. 2021 ($51,727 Mil) but then
declined
from Dec. 2021 ($51,727 Mil) to Dec. 2022 ($16,296 Mil).
Enterprise Value is 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 and cash equivalents. Align Technology's Enterprise Value for Today is $21,367 Mil.
Align Technology Market Cap Historical Data
The historical data trend for Align Technology's Market Cap 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
Market Cap
16,707.91
21,885.94
42,141.21
51,726.64
16,295.61
Align Technology Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Market Cap
18,474.22
16,177.57
16,295.61
25,567.06
27,064.78
Competitive Comparison
For the Medical Devices subindustry, Align Technology's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Market Cap distribution charts can be found below:
* The bar in red indicates where Align Technology's Market Cap falls into.
Align Technology Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Align Technology's Market Cap 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Align Technology Market Cap Related Terms
Thank you for viewing the detailed overview of Align Technology's Market Cap 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
1.09(0.38%) Volume: 780,657 8:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
ALGN has been successfully added to your 
