Using the PEG framework with analyst consensus forward EPS growth of 25.0%, Align Technology, Inc. has a fair value of $282.77 based on NTM EPS (FY2026) of $11.31. The current PEG ratio is 0.54.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 29.1% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $11.31 |
| Fair Value | $282.77 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $5.65 | — | — |
| FY2026E | $11.31 | +100.2% | 13 |
| FY2027E | $12.30 | +8.8% | 11 |
| FY2028E | $13.51 | +9.8% | 8 |
| FY2029E | $15.71 | +16.3% | 7 |
4Y Forward EPS CAGR: 29.1%
| Year | Net Income | EPS | YoY |
|---|
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| FY2021 | $772.0M | $9.69 | — |
| FY2022 | $361.6M | $4.61 | -52.4% |
| FY2023 | $445.1M | $5.81 | +26.0% |
| FY2024 | $421.4M | $5.62 | -3.3% |
| FY2025 | $410.4M | $5.65 | +0.5% |
4Y Historical EPS CAGR: -12.6%