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Astera Labs

NSQ:ALAB · US04626A1034
Semiconductors & Semiconductor EquipmentMedium

360

73
EV / EBIT1
Price / Owner Earnings7
Owner Earnings Yield36
Dividend Yield1
Price/Sales9
EV / Gross Profit8
Price/Book1
Return on Capital68
Cash Return on Capital68
Return on Equity78
EBIT Margin70
Gross Profitability97
Cash Conversion34
Accruals15
Owner Earnings Margin80
Sales growth92
Profit Growth69
Long-Term EPS Growth77
Owner Earnings Growth91
Reinvestment61
Price momentum73
Debt load83
Refinancing11
Debt Payback100
Liquidity—
Analyst ratings36
Opinion Changes58
Price Target Upside3
Market mood99
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Astera Labs generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySemiconductors & Semiconductor Equipment
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded2017
Employees728
Websiteasteralabs.com
ISINUS04626A1034
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
SensorsData Center TechnologyCloud InfrastructureDetectors, Sensors and MemsArtificial IntelligenceInformation TechnologyInternet

Description

Astera Labs, Inc. innovates, designs, and delivers semiconductor-based connectivity solutions that are purpose-built to unleash the full potential of cloud and AI infrastructure. The company has developed and deployed its leading Intelligent Connect…

Analysis

Hope premium

Astera Labs, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 265.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 42% a year, against analyst forecasts of 46%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →