Core Viewpoint - The article emphasizes the importance of value investing and highlights Align Technology (ALGN) as a strong candidate for value investors due to its favorable valuation metrics and earnings outlook [2][3][6] Company Analysis - Align Technology (ALGN) currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating it is among the strongest value stocks in the market [3] - ALGN has a PEG ratio of 1.67, which is slightly below the industry average of 1.73, suggesting it is reasonably valued considering its expected earnings growth [4] - The company's P/B ratio stands at 3.89, which is lower than the industry average of 4.60, indicating a solid market value relative to its book value [5] - Over the past year, ALGN's PEG ratio has fluctuated between a high of 4.61 and a low of 1.32, with a median of 3.67, while its P/B ratio has ranged from 5.11 to 2.78, with a median of 4.02 [4][5] Investment Outlook - The combination of ALGN's strong earnings outlook and favorable valuation metrics positions it as a likely undervalued stock, making it an attractive option for value investors [6]
Is Align Technology (ALGN) Stock Undervalued Right Now?