Align Technology Inc (ALGN) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Align Technology Inc stock $181, price $165, upside +10.0%, quality 73 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Align Technology Inc
ALGN · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $124.88 – $729.92 · fair‑value band $119.25 – $235.81 · the $164.90 price screens below the $181.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Align Technology, Inc. provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.
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The company's Clear Aligner segment offers Invisalign comprehensive package to treat adults and teens malocclusion and features, and orthodontic needs of teenage or younger patients; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients between the ages of six and ten years with a mixture of primary/baby and permanent teeth.
This segment also provides Invisalign express, Invisalign lite, and Invisalign moderate; Invisalign Go, Invisalign Go express, and Invisalign Go Plus; retention products, Invisalign training, adjusting tools used by dental professionals during treatment, ancillary Invisalign accessory products, and other oral health products; Invisalign Professional Whitening system; Invisalign Palatal Expander, a 3D printed orthodontic device; and 3D printing solutions.
Its Imaging Systems and CAD/CAM Services segment offers iTero intraoral scanning system, a single hardware platform for restorative or orthodontic procedures; exocad, a computer-aided design and computer-aided manufacturing software; orthodontist software for digital records storage, orthodontic diagnosis, and fabrication of printed models and retainers; and restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons.
This segment also offers Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; Align Oral Health Suite, a digital interface for dental consultations; iTero TimeLapse technology for doctors or practitioners to compare a patient's historic 3D scans to the present-day scan; and subscription software, disposables, rents scanners, and pay per scan services.
Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.
Stock analysis
Align Technology Inc (ALGN) currently trades at $164.90, while our model-based Fair Value estimate is $181.39, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $170.09 per share, and 11 of the 24 models we run sit above the $164.90 price.
Bear case: the Economic Profit group reads lowest at $51.89, and 13 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $119.25 (bear) to $235.81 (bull), the price of $164.90 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Align Technology Inc reported revenue of $4.0B in FY2025 versus $4.0B in FY2021, a compound +0.5%/yr. Reported net income was $410M in FY2025, compounding −14.6%/yr from FY2021.
Key figures
Market cap $11.8B Large · P/E ratio 24.0 · P/S ratio 2.85 · EPS (TTM) $6.86 · Net margin 10.0% · Return on equity 10.2% · Return on assets (EBIT) 11.5% · Operating margin 18.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 17% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −46% fair-value upside, at 10%, ALGN screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
- SaleJohn MoriciEVP, CHIEF FINANCIAL OFFICER7,969 shares at $189.31$1.5MFeb 18, 2026
Plus 10 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 4, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Watch ALGN, get fair value alerts →
Recent news
- ALGN Q3 deep dive: product mix, international demand, and new leadership shape outlook
- Align Technology Opens 2027 Annual Research Program to Advance Orthodontic and Dental Patient Care
- Global Orthodontic Braces Market Size, Share, and Forecast Report 2026-2031 Featuring Profiles of Dentsply Sirona, Align Technology, Strauma
- 5 insightful analyst questions from Align Technology’s Q3 earnings call
Compare Align Technology Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Instruments & Supplies · 181 stocks
Valuation Multiplesvs Medical Instruments & Supplies median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Solventum Corporation SOLV | $89.35 | $133.48 | +49% | vs ALGN |
| EssilorLuxottica Société anonyme EL | €191.95 | €196.22 | +2% | vs ALGN |
| Intuitive Surgical, Inc ISRG | $482.10 | $353.90 | −27% | vs ALGN |
| Medline Inc MDLN | $40.35 | $28.64 | −29% | vs ALGN |
| Alcon Inc ALC | CHF 62.78 | CHF 33.96 | −46% | vs ALGN |
| Straumann Holding STMN | CHF 105.85 | CHF 45.50 | −57% | vs ALGN |
| Becton, Dickinson and Company BDX | $209.19 | $82.34 | −61% | vs ALGN |
| West Pharmaceutical Services, Inc WST | $408.78 | $139.22 | −66% | vs ALGN |
| Sartorius Stedim Biotech S.A DIM | €224.20 | €54.82 | −76% | vs ALGN |
| Sartorius Aktiengesellschaft SRT | €227.00 | €42.50 | −81% | vs ALGN |
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Key figures of Align Technology Inc
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