Align TechnologyXTER:AFW 89 Quick Ratio is 1.28 as of Mar. 2026, which is 2% above its 10-year median of 1.25. 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 854 Medical Devices & Instruments companies, Align Technology ranks worse than 66.63% on this metric.
Align Technology has a quick ratio of 1.28. It generally indicates good short-term financial strength.
The historical rank and industry rank for Align Technology's Quick Ratio or its related term are showing as below:
XTER:AFW'
s Quick Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.25 Max: 2.68
Current: 1.28
During the past 13 years, Align Technology's highest Quick Ratio was 2.68. The lowest was 1.01. And the median was 1.25.
XTER:AFW's Quick Ratio is ranked worse than 66.63% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.865
vs XTER:AFW: 1.28
Align Technology (XTER:AFW) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Align Technology Quick Ratio Related Terms
Align Technology Quick Ratio Historical Data
* Premium members only.
The historical data trend for Align Technology's Quick 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.
XTER:AFW vs SOLV, COO, BAX: Quick Ratio Comparison
For the Medical Instruments & Supplies subindustry, Align Technology's Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Align Technology's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Align Technology's Quick Ratio for the fiscal year that ended in Dec. 2025 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 (XTER:AFW) has a Quick Ratio of 1.28 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Align Technology and its competitors. This is near median its historical median of 1.25. Over the past decade, Align Technology's Quick Ratio has ranged from 1.01 to 2.68. According to the industry distribution chart, Align Technology ranks #569 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 66.6%.
Is Align Technology's Quick Ratio too high?
Align Technology's current Quick Ratio of 1.28 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.68. The Medical Devices & Instruments industry median Quick Ratio is 1.87. Align Technology's value of 1.28 is 31.4% below this industry median. Based on the distribution chart, Align Technology ranks #569 out of 854 companies in the Medical Devices & Instruments industry, which is below 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 Quick Ratio compare to SOLV and COO?
According to the Medical Devices & Instruments industry distribution chart, Align Technology ranks #569 out of 854 companies for Quick Ratio. This places Align Technology in the lower half of its industry. The industry median Quick Ratio is 1.87. Align Technology's value of 1.28 is 31.4% below this benchmark. Historically, Align Technology's own Quick Ratio has ranged from 1.01 to 2.68 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.87, 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 Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.87, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Align Technology's current Quick Ratio of 1.28 is 31.4% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Align Technology and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Align Technology's current Quick Ratio is 1.28, which is near median its own 10-year median of 1.25. 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 Quick Ratio is 1.28, which is near median its 10-year median of 1.25 and 31.4% below the Medical Devices & Instruments industry median of 1.87. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Align Technology (XTER:AFW), the current Quick Ratio is 1.28 as of Mar. 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:
Quick Ratio: 1.28 (near median its 10-year median of 1.25)
GF Value™: €200.25 vs. price of €149.05 (25.6% below fair value)
Industry Position: 31.4% below the Medical Devices & Instruments median (#569 of 854)
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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