Alignment Healthcare, Inc. (ALHC) is a Healthcare stock trading at $19.43 (as of 2026-07-24), with a market capitalization of $4.02B and a trailing P/E of 202.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Alignment Healthcare, Inc. is a Medicare Advantage health care company offering technology-enabled plans and coordinated services for members in the United States. It owns Medicare Advantage plans in California, North Carolina, and Nevada, and arranges covered professional, institutional, and ancillary care for certain enrollees in benefit plans of unaffiliated Medicare Advantage organizations.
Alignment Healthcare operates a tech-enabled Medicare Advantage health care business, providing customized covered health care services to seniors through its Medicare Advantage plans, and it earns revenue primarily from health plan premiums (with smaller contributions from direct contracting venture revenue and other revenue).
The core profit engine is the spread between Medicare Advantage premium revenue and member medical costs, reflected in the Consolidated Medicare Benefit Ratio (Medicare Benefit Ratio).
| Health Plan Premium Revenue | $0.3B |
| Direct Contracting Venture Revenue | $0.0B |
| Other Revenue | $0.0B |
| Remaining Revenue | $0.8B |
Business quality (Mixed): Segment revenue candidates provided do not sum to the reported total revenue, so the remaining revenue bucket is calculated as Total Revenue minus the listed candidates (no other segment categories were provided).
Valuation: At 198× earnings, ALHC trades 1455% above the Insurance average (13×). Note: one-time items can distort reported P/E.
| Price | $19.43 |
| Market Cap | $4.02B |
| P/E Ratio | 202.8 |
| EV / EBITDA | 54.8 |
| Price / Book | 19.42 |
| Price / Sales | 0.94 |
| FCF Yield | 5.6% |
| Revenue (TTM) | $3.95B |
| Net Margin | -0.0% |
| Revenue Growth (YoY) | 33.3% |
| EPS Growth (YoY) | -220.0% |
| FCF Growth (YoY) | 1350.5% |
| Altman Z-Score | 5.56 (safe) |
| Stock P/E | 202.8 |
| Sector P/E (Healthcare) | 21.2 |
| Industry P/E (Insurance) | 12.7 |
| vs Sector | 855.2% |
| vs Industry | 1490.9% |
| Top Institutional Holder | VANGUARD GROUP INC ($305.98M) |
| Institutional Holders Tracked | 10 |
| Sector | Healthcare |
| Industry | Insurance |
| CEO | John E. Kao |
| Employees | 1,679 |
| Country | US |
| IPO Date | 2021-03-26 |
Data as of 2026-07-24.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.