Align Technology Inc (ALGN) fair value: what the stock is really worth
We calculate from audited financials what Align Technology Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Align Technology Inc
ALGN · USUndervaluedQuality growthThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range $124.88 – $729.92 · fair‑value band $103.01 – $215.14 · the $147.61 price screens below the $165.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
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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Align Technology, Inc. provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally. 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 $147.61, while our model-based Fair Value estimate is $165.50, implying the stock looks roughly 10.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $212.87 per share, and 14 of the 24 models we run sit above the $147.61 price.
Bear case: the Asset-Based group reads lowest at $37.88, and 10 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $103.01 (bear) to $215.14 (bull), the price of $147.61 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 $12.8B · P/E ratio 24.8 · P/S ratio 2.52 · EPS (TTM) $5.96 · Net margin 10.2% · Return on equity 10.8% · Return on assets (EBIT) 11.5% · Operating margin 16.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 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 29% below its 52-week high and 21% 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 12%, ALGN screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 34
Revenue & earnings trend
Growth Forecast
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Recent news
- Should You Continue to Hold ALGN Stock in Your Portfolio?
- Align Technology to Speak at Upcoming Financial Conference
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 · 200 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)
- 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 |
|---|---|---|---|
| Intuitive Surgical, Inc ISRG | $377.16 | $350.02 | −7% |
| EssilorLuxottica Société anonyme EL | €145.10 | €159.61 | +10% |
| Medline Inc MDLN | $32.11 | $11.65 | −64% |
| Becton, Dickinson and Company BDX | $185.92 | $100.46 | −46% |
| Alcon Inc ALC | $67.76 | $39.78 | −41% |
| ResMed Inc RMD | A$31.90 | A$35.09 | +10% |
| West Pharmaceutical Services, Inc WST | $362.01 | $137.28 | −62% |
| Sartorius Stedim Biotech S.A DIM | €196.10 | €48.88 | −75% |
| Straumann Holding STMN | CHF 94.66 | CHF 45.50 | −52% |
| Sartorius Aktiengesellschaft SRT3 | €232.90 | €42.05 | −82% |
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