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Align TechnologyXTER:AFW 85 3-Year Share Buyback Ratio is 2.60 as of Jun. 2026. GuruFocus rates XTER:AFW with a GF Score™ of 85/100 and a GF Value™ of €201.48 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 614 Medical Devices & Instruments companies, Align Technology ranks better than 96.58% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Align Technology's current 3-Year Share Buyback Ratio was 2.60%.
The historical rank and industry rank for Align Technology's 3-Year Share Buyback Ratio or its related term are showing as below:
XTER:AFW'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -8.4 Med: -1.2 Max: 2.6
Current: 2.6
During the past 13 years, Align Technology's highest 3-Year Share Buyback Ratio was 2.60%. The lowest was -8.40%. And the median was -1.20%.
XTER:AFW's 3-Year Share Buyback Ratio is ranked better than 96.58% of 614
companies
in the Medical Devices & Instruments industry
Industry Median: -2.6
vs XTER:AFW: 2.60
Align Technology (XTER:AFW) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Align Technology 3-Year Share Buyback Ratio Related Terms
XTER:AFW vs BAX, SOLV, COO: 3-Year Share Buyback Ratio Comparison
For the Medical Instruments & Supplies subindustry, Align Technology's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Align Technology's 3-Year Share Buyback Ratio falls into.
Align Technology 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 2.60 mean?
Align Technology (XTER:AFW) has a 3-Year Share Buyback Ratio of 2.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Align Technology and its competitors. According to the industry distribution chart, Align Technology ranks #21 out of 614 companies in the Medical Devices & Instruments industry, placing it in the top 3.4%.
Is Align Technology's 3-Year Share Buyback Ratio too high?
Align Technology's current 3-Year Share Buyback Ratio is 2.60. Based on the distribution chart, Align Technology ranks #21 out of 614 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Align Technology has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Align Technology's 3-Year Share Buyback Ratio compare to BAX and SOLV?
According to the Medical Devices & Instruments industry distribution chart, Align Technology ranks #21 out of 614 companies for 3-Year Share Buyback Ratio. This places Align Technology in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Medical Devices & Instruments company?
A good 3-Year Share Buyback Ratio depends on the Medical Devices & Instruments industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Align Technology and its competitors. Align Technology's current 3-Year Share Buyback Ratio is 2.60. 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 €201.48, compared to a current price of €143.00 — trading 29% below its estimated fair value. The current 3-Year Share Buyback Ratio is 2.60. Align Technology's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Align Technology (XTER:AFW), the current 3-Year Share Buyback Ratio is 2.60 as of Jun. 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 €143.00 is trading 29% below its estimated GF Value™ of €201.48.
GuruFocus considers Align Technology to be Modestly Undervalued.
Key valuation signals for XTER:AFW:
3-Year Share Buyback Ratio: 2.60
GF Value™: €201.48 vs. price of €143.00 (29% below fair value)
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.
85GF Score
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