The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2025-03-05), Align Technology's share price is $169.88. Align Technology's Book Value per Share for the quarter that ended in Dec. 2024 was $52.16. Hence, Align Technology's PB Ratio of today is 3.26.
Good Sign:
Align Technology Inc stock PB Ratio (=3.26) is close to 10-year low of 3.26
The historical rank and industry rank for Align Technology's PB Ratio or its related term are showing as below:
ALGN'
s PB Ratio Range Over the Past 10 Years
Min: 3.26 Med: 8.13 Max: 25.78
Current: 3.26
During the past 13 years, Align Technology's highest PB Ratio was 25.78. The lowest was 3.26. And the median was 8.13.
ALGN's PB Ratio is ranked worse than 66.12% of 788
companies
in the Medical Devices & Instruments industry
Industry Median: 2.24
vs ALGN: 3.26
During the past 12 months, Align Technology's average Book Value Per Share Growth Rate was 7.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Align Technology was 43.10% per year. The lowest was -12.20% per year. And the median was 16.70% per year.
Back to Basics: PB Ratio
Align Technology PB Ratio Historical Data
The historical data trend for Align Technology's PB 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.
Competitive Comparison of Align Technology's PB Ratio
For the Medical Instruments & Supplies subindustry, Align Technology's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's PB Ratio distribution charts can be found below:
* The bar in red indicates where Align Technology's PB Ratio falls into.
Align Technology PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Align Technology PB Ratio Related Terms
Thank you for viewing the detailed overview of Align Technology's PB Ratio 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 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.
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