Matt Panzer's answer worked for me, but it took me a while to figure out an issue I had.
If you're plotting multiple datasets into the same graph, you have to calculate the peak-to-peak values for the entire range of datapoints.
I used the following code to solve it for my case:
x1, y1, z1 = ..., ..., ...
x2, y2, z2 = ..., ..., ...
ax.set_box_aspect((
max(np.ptp(x1), np.ptp(x2)),
max(np.ptp(y1), np.ptp(y2)),
max(np.ptp(z1), np.ptp(y2))
))
ax.plot(x1, y1, z1)
ax.scatter(x2, y2, z2)
Note that this solution is not perfect. It will not work if x1 contains the most negative number and x2 contains the most positive one. Only if either x1 or x2 contains the greatest peak-to-peak range.
If you know numpy better than I do, feel free to edit this answer so it works in a more general case.