Align TechnologyXTER:AFW 89 PE Ratio without NRI is 15.81 as of Jun. 29, 2026, which is 64% below its 10-year median of 43.92. GuruFocus rates XTER:AFW with a GF Score™ of 89/100 and a GF Value™ of €200.25 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 446 Medical Devices & Instruments companies, Align Technology ranks better than 69.28% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-29), Align Technology's share price is €149.05.
Align Technology's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was €9.43. Therefore, Align Technology's PE Ratio without NRI for today is 15.81.
During the past 13 years, Align Technology's highest PE Ratio without NRI was 127.38. The lowest was 13.01. And the median was 43.92.
During the past years, Align Technology's highestPE Ratio (TTM) was 114.77. The lowest was 6.47. And the median was 44.79.
Align Technology's
EPS (Diluted) for the
three
months ended in Mar. 2026 was €1.36.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €5.13.
Align Technology's EPS (Basic) for the
three
months ended in Mar. 2026 was €1.37.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was €5.14.
Align Technology (XTER:AFW) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Align Technology PE Ratio without NRI Related Terms
Align Technology PE Ratio without NRI Historical Data
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The historical data trend for Align Technology's PE Ratio without NRI 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.
XTER:AFW vs SOLV, COO, BAX: PE Ratio without NRI Comparison
For the Medical Instruments & Supplies subindustry, Align Technology's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Align Technology's PE Ratio without NRI falls into.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Align Technology's PE Ratio without NRI for today is calculated as
Align Technology's Share Price of today is €149.05.
Align Technology's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.43.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Align Technology (XTER:AFW) has a PE Ratio without NRI of 15.81 as of Jun. 29, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Align Technology and its competitors. This is 64% below median its historical median of 43.92. Over the past decade, Align Technology's PE Ratio without NRI has ranged from 13.01 to 127.38. According to the industry distribution chart, Align Technology ranks #137 out of 446 companies in the Medical Devices & Instruments industry, placing it in the top 30.7%.
Is Align Technology's PE Ratio without NRI too high?
Align Technology's current PE Ratio without NRI of 15.81 is 64% below median its 10-year median of 43.92. Over the past 10 years, this metric has ranged from a low of 13.01 to a high of 127.38. The Medical Devices & Instruments industry median PE Ratio without NRI is 23.18. Align Technology's value of 15.81 is 31.8% below this industry median. Based on the distribution chart, Align Technology ranks #137 out of 446 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Align Technology has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Align Technology's PE Ratio without NRI compare to SOLV and COO?
According to the Medical Devices & Instruments industry distribution chart, Align Technology ranks #137 out of 446 companies for PE Ratio without NRI. This puts Align Technology in the upper half of its industry. The industry median PE Ratio without NRI is 23.18. Align Technology's value of 15.81 is 31.8% below this benchmark. Historically, Align Technology's own PE Ratio without NRI has ranged from 13.01 to 127.38 over the past decade. While the company's 10-year median is 43.92 vs. the industry median of 23.18, Align Technology has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for a Medical Devices & Instruments company?
The median PE Ratio without NRI among Medical Devices & Instruments companies is 23.18, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Align Technology's current PE Ratio without NRI of 15.81 is 31.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Align Technology and its competitors. For the Medical Devices & Instruments industry, the median PE Ratio without NRI is 23.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Align Technology's current PE Ratio without NRI is 15.81, which is 64% below median its own 10-year median of 43.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Align Technology stock overvalued right now?
Based on GuruFocus' analysis, Align Technology (XTER:AFW) is currently considered Modestly Undervalued. The stock's GF Value™ is €200.25, compared to a current price of €149.05 — trading 25.6% below its estimated fair value. The current PE Ratio without NRI is 15.81, which is 64% below median its 10-year median of 43.92 and 31.8% below the Medical Devices & Instruments industry median of 23.18. Align Technology's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Align Technology (XTER:AFW), the current PE Ratio without NRI is 15.81 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Align Technology (XTER:AFW) Overvalued in 2026?
Based on GuruFocus' analysis, Align Technology stock appears to be undervalued.
The current stock price of €149.05 is trading 25.6% below its estimated GF Value™ of €200.25.
GuruFocus considers Align Technology to be Modestly Undervalued.
Key valuation signals for XTER:AFW:
PE Ratio without NRI: 15.81 (64% below median its 10-year median of 43.92)
GF Value™: €200.25 vs. price of €149.05 (25.6% below fair value)
Industry Position: 31.8% below the Medical Devices & Instruments median (#137 of 446)
No single metric tells the full story. See the XTER:AFW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
89GF Score
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