Align Technology, Inc. (ALGN) is a Healthcare stock trading at $158.90 (as of 2026-08-20), with a market capitalization of $11.38B and a trailing P/E of 27.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.
Align Technology designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, selling these products and related services through its provider network.
Profit is structurally driven by (1) Clear Aligner case shipments and volume, and (2) the strength of the iTero imaging and related CAD/CAM services stream, supported by installed iTero systems and the share of Invisalign cases submitted using digital scans.
| Clear Aligner | $0.9B |
| Scanners&Services | $0.2B |
Business quality (Mixed): The company reports two clear segments (Clear Aligner, Scanners and Services), with operating metrics that map directly to its profit engine (aligner volume and digital scan usage).
Valuation: At 28× earnings, ALGN trades 12% below the Medical Equipment average (32×). Note: one-time items can distort reported P/E.
| Price | $158.90 |
| Market Cap | $11.38B |
| P/E Ratio | 27.5 |
| EV / EBITDA | 12.8 |
| Price / Book | 2.69 |
| Price / Sales | 2.75 |
| FCF Yield | 5.6% |
| DCF Value (model) | $85.68 |
| DCF Upside vs Price | -46.1% |
| Revenue (TTM) | $4.03B |
| Net Margin | 10.2% |
| Revenue Growth (YoY) | 4.3% |
| EPS Growth (YoY) | -12.2% |
| FCF Growth (YoY) | 46.6% |
| Altman Z-Score | 4.73 (safe) |
| Stock P/E | 27.5 |
| Sector P/E (Healthcare) | 21.6 |
| Industry P/E (Medical Equipment) | 32.9 |
| vs Sector | 27.4% |
| vs Industry | -16.3% |
| Top Institutional Holder | VANGUARD GROUP INC ($1.28B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Healthcare |
| Industry | Medical Equipment |
| CEO | Joseph Hogan |
| Employees | 21,200 |
| Country | US |
| IPO Date | 2001-01-30 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.