Is Align Technology, Inc. (ALGN) Undervalued?
Based on the current stock price of $158.37 and a P/E ratio of 30.69,Align Technology, Inc. has a PEG ratio of 3.32.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 3.32, ALGN appears to be potentially overvalued relative to its growth rate of 9.24%.
Based on a PEG ratio of 3.32 (adjusted for dividends).
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How we analyzed ALGN
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 30.69and dividing it by the annual growth rate of 9.24%.
PEG = 30.69 (P/E) ÷ 9.24 (Growth) = 3.32
Frequently Asked Questions about ALGN
What is the current PEG Ratio for Align Technology, Inc. (ALGN)?+
The current PEG Ratio for Align Technology, Inc. is 3.32. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is ALGN stock undervalued right now?+
Based on the PEG ratio of 3.32, Align Technology, Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for ALGN?+
The PEGY ratio for Align Technology, Inc. is 3.32. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.