(ALAB) Astera Labs, Common Stock - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US04626A1034

Retimers, Controllers, Switches, Modules, Software

Semiconductors
Market Cap in USD: 27,999m
IPO / Inception: 2024-03-20
Return 12m vs S&P 500: 3.64%

EPS (Earnings per Share)

EPS (Earnings per Share) of ALAB over the last years for every Quarter: "2022-03": null, "2022-06": null, "2022-09": null, "2022-12": null, "2023-03": null, "2023-06": null, "2023-09": null, "2023-12": 0.12, "2024-03": 0.27, "2024-06": 0.13, "2024-09": 0.23, "2024-12": 0.37, "2025-03": 0.33, "2025-06": 0.44, "2025-09": 0.49,
EPS CAGR: 123.44%
EPS Trend: 86.0%
Last SUE: 1.68
Qual. Beats: 2

Revenue

Revenue of ALAB over the last years for every Quarter: 2022-03: 15.018, 2022-06: 21.396, 2022-09: 23.103, 2022-12: 20.355, 2023-03: 17.664, 2023-06: 10.688, 2023-09: 36.928, 2023-12: 50.514, 2024-03: 65.258, 2024-06: 76.85, 2024-09: 113.086, 2024-12: 141.096, 2025-03: 159.442, 2025-06: 191.925, 2025-09: 230.575,
Rev. CAGR: 118.23%
Rev. Trend: 91.0%
Last SUE: 3.54
Qual. Beats: 3

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 93.9%
Value at Risk 5%th 131%
Relative Tail Risk -15.18%
Reward TTM
Sharpe Ratio 0.65
Alpha -18.53
CAGR/Max DD 2.03
Character TTM
Hurst Exponent 0.470
Beta 2.378
Beta Downside 2.234
Drawdowns 3y
Max DD 63.69%
Mean DD 28.54%
Median DD 32.40%

Description: ALAB Astera Labs, Common Stock December 03, 2025

Astera Labs (NASDAQ: ALAB) is a U.S.–based semiconductor firm founded in 2017 that develops and sells connectivity solutions aimed at cloud-computing and artificial-intelligence (AI) infrastructure.

The company’s core offering is an “intelligent connectivity platform” that combines mixed-signal chips (including microcontrollers and sensors) with its COSMOS software suite, which provides link-level, fleet-wide, and reliability-aware (RAS) management for large-scale data-center deployments.

Product lines include PCIe/CXL smart retimers, Ethernet smart cable modules, CXL memory controllers, and smart fabric switches-components that enable high-bandwidth, low-latency communication between CPUs, GPUs, and accelerators in hyperscaler and OEM systems.

Industry data (as of Q3 2024) shows the data-center connectivity market expanding at ~12% CAGR, driven by rising AI workloads and the adoption of CXL as a standard for memory pooling; Astera Labs reported a year-over-year revenue increase of ~68% in its most recent filing, and its gross margin has stabilized around 55%, reflecting scaling of its high-value retimer products.

For a deeper, data-driven assessment of ALAB’s valuation relative to sector peers, you may find ValueRay’s analytical dashboard worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (198.9m TTM) > 0 and > 6% of Revenue (6% = 43.4m TTM)
FCFTA 0.16 (>2.0%) and ΔFCFTA 7.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 164.5% (prev 280.5%; Δ -116.0pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.19 (>3.0%) and CFO 263.7m > Net Income 198.9m (YES >=105%, WARN >=100%)
Net Debt (-109.1m) to EBITDA (123.1m) ratio: -0.89 <= 3.0 (WARN <= 3.5)
Current Ratio 12.78 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (180.6m) change vs 12m ago 15.18% (target <= -2.0% for YES)
Gross Margin 75.41% (prev 77.62%; Δ -2.21pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 60.65% (prev 31.10%; Δ 29.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -3.70 (EBITDA TTM 123.1m / Interest Expense TTM -31.9m) >= 6 (WARN >= 3)

Altman Z'' 5.90

(A) 0.85 = (Total Current Assets 1.29b - Total Current Liabilities 101.0m) / Total Assets 1.40b
(B) -0.02 = Retained Earnings (Balance) -34.6m / Total Assets 1.40b
(C) 0.10 = EBIT TTM 118.1m / Avg Total Assets 1.19b
(D) -0.24 = Book Value of Equity -30.5m / Total Liabilities 129.5m
Total Rating: 5.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.45

1. Piotroski 5.0pt
2. FCF Yield 0.85%
3. FCF Margin 31.73%
4. Debt/Equity 0.02
5. Debt/Ebitda -0.89
6. ROIC - WACC (= -0.08)%
7. RoE 18.02%
8. Rev. Trend 90.96%
9. EPS Trend 85.98%

What is the price of ALAB shares?

As of January 11, 2026, the stock is trading at USD 162.61 with a total of 4,092,000 shares traded.
Over the past week, the price has changed by -9.44%, over one month by -2.68%, over three months by -27.87% and over the past year by +25.37%.

Is ALAB a buy, sell or hold?

Astera Labs, Common Stock has received a consensus analysts rating of 4.47. Therefore, it is recommended to buy ALAB.
  • Strong Buy: 9
  • Buy: 7
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the ALAB price?

Issuer Target Up/Down from current
Wallstreet Target Price 197.3 21.3%
Analysts Target Price 197.3 21.3%
ValueRay Target Price 186.3 14.6%

ALAB Fundamental Data Overview January 09, 2026

P/E Trailing = 134.7724
P/E Forward = 70.922
P/S = 38.7243
P/B = 22.0166
Beta = None
Revenue TTM = 723.0m USD
EBIT TTM = 118.1m USD
EBITDA TTM = 123.1m USD
Long Term Debt = 1.29m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 4.44m USD (from shortTermDebt, last quarter)
Debt = 31.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -109.1m USD (from netDebt column, last quarter)
Enterprise Value = 26.90b USD (28.00b + Debt 31.3m - CCE 1.13b)
Interest Coverage Ratio = -3.70 (Ebit TTM 118.1m / Interest Expense TTM -31.9m)
EV/FCF = 117.2x (Enterprise Value 26.90b / FCF TTM 229.4m)
FCF Yield = 0.85% (FCF TTM 229.4m / Enterprise Value 26.90b)
FCF Margin = 31.73% (FCF TTM 229.4m / Revenue TTM 723.0m)
Net Margin = 27.50% (Net Income TTM 198.9m / Revenue TTM 723.0m)
Gross Margin = 75.41% ((Revenue TTM 723.0m - Cost of Revenue TTM 177.8m) / Revenue TTM)
Gross Margin QoQ = 76.25% (prev 75.84%)
Tobins Q-Ratio = 19.20 (Enterprise Value 26.90b / Total Assets 1.40b)
Interest Expense / Debt = -101.8% (Interest Expense -31.9m / Debt 31.3m)
Taxrate = -36.27% (negative due to tax credits) (-24.3m / 66.9m)
NOPAT = 160.9m (EBIT 118.1m * (1 - -36.27%)) [negative tax rate / tax credits]
Current Ratio = 12.78 (Total Current Assets 1.29b / Total Current Liabilities 101.0m)
Debt / Equity = 0.02 (Debt 31.3m / totalStockholderEquity, last quarter 1.27b)
Debt / EBITDA = -0.89 (Net Debt -109.1m / EBITDA 123.1m)
Debt / FCF = -0.48 (Net Debt -109.1m / FCF TTM 229.4m)
Total Stockholder Equity = 1.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.68% (Net Income 198.9m / Total Assets 1.40b)
RoE = 18.02% (Net Income TTM 198.9m / Total Stockholder Equity 1.10b)
RoCE = 10.69% (EBIT 118.1m / Capital Employed (Equity 1.10b + L.T.Debt 1.29m))
RoIC = 14.58% (NOPAT 160.9m / Invested Capital 1.10b)
WACC = 14.66% (E(28.00b)/V(28.03b) * Re(14.68%) + (debt cost/tax rate unavailable))
Discount Rate = 14.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 8.83%
[DCF Debug] Terminal Value 57.67% ; FCFF base≈174.3m ; Y1≈175.1m ; Y5≈187.2m
Fair Price DCF = 9.13 (EV 1.43b - Net Debt -109.1m = Equity 1.54b / Shares 168.9m; r=14.66% [WACC]; 5y FCF grow 0.0% → 2.90% )
EPS Correlation: 85.98 | EPS CAGR: 123.4% | SUE: 1.68 | # QB: 2
Revenue Correlation: 90.96 | Revenue CAGR: 118.2% | SUE: 3.54 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.52 | Chg30d=+0.001 | Revisions Net=+12 | Analysts=17
EPS next Year (2026-12-31): EPS=2.37 | Chg30d=+0.011 | Revisions Net=+13 | Growth EPS=+33.3% | Growth Revenue=+42.2%

Additional Sources for ALAB Stock

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Fund Manager Positions: Dataroma | Stockcircle