ALGN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	10.14B EUR	12.02B EUR	12.28B EUR	11.14B EUR
Enterprise Value	9.04B EUR	11.03B EUR	11.33B EUR	10.16B EUR
Valuation Multiples
Trailing P/E	24.82x	29.05x	28.56x	35.14x
Forward P/E	11.46x	--	--	--
Price to Sales	2.45x	2.9x	3x	3.65x
Price to Book	2.4x	2.84x	2.96x	2.75x
EV/Revenue	2.18x	2.67x	2.77x	3.33x
EV/EBITDA	9.76x	10.91x	12.01x	14.86x
Price to FCF (P/FCF)	17.06x	18.97x	21.04x	24.05x
EV/FCF	15.21x	17.42x	19.42x	21.93x
FCF Yield	5.86%	5.27%	4.75%	4.16%