Stock fact sheet · data as of
Astera Labs, Inc. Common Stock (ALAB): fair value, margin of safety and Wheel Score
Technology · Semiconductors · United States · High Growth
Is ALAB undervalued?
Astera Labs, Inc. Common Stock (ALAB) closed at 301.98 on 16 Oct 2026, 367% above the GLS average fair value of 64.71. 7 of the 7 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 7 models disagree widely: Graham Number gives 22.08 while GLS Growth gives 131.85. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files ALAB under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for ALAB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 22.08 | -93% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 123.20 | -59% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 53.84 | -82% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 131.85 | -56% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 34.21 | -89% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 63.86 | -79% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 23.93 | -92% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 6.88 | -98% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 370.42 | +23% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: ALAB passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 7.1 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are high - ROIC 15.7%, ROE 16.1%, ROA 14.3% - with debt at 0.03 times equity and a free-cash-flow yield of 0.5%.
Astera Labs, Inc. Common Stock pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Reportable 100% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 1 Oct 2026.
| Piotroski F-score | 4 / 9 | ROIC | 15.7% |
|---|---|---|---|
| GLS Moat | 7.1 / 10 | ROE | 16.1% |
| Debt / equity | 0.03 | ROA | 14.3% |
| Free-cash-flow yield | 0.5% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 46: Weak
ALAB scores 46 out of 100 on the Wheel Score, in the Weak band (under 50). Value 0/25, Health 9/20, Moat 11/15, Premium 12/20, Stability 14/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 92% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (12 of 20) because volatility this high usually comes with a reason. The option chain is deep: 81,302 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 4.1M shares a day on a market cap of $52.4B, with a beta of 3.69 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -367% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 11 / 15 | moat 7.1/10 | |
| Premium | 12 / 20 | implied volatility 92% | |
| Stability | 14 / 20 | 4.1M shares/day, $52.4B cap, beta 3.69 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (after the close), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Semiconductors
The 12 companies below are the closest to Astera Labs, Inc. Common Stock by market cap within the Semiconductors industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| UMC United Microelectronics Corporation | 21.40 | 108.87 | +80% | 84Prime | $53.4B |
| TER Teradyne, Inc. | 359.44 | 121.24 | -196% | 58Fair | $56.2B |
| NXPI NXP Semiconductors N.V. | 231.09 | 146.50 | -58% | 62Fair | $58.3B |
| TEL TE Connectivity plc | 210.33 | 177.44 | -19% | 71Good | $61.0B |
| MPWR Monolithic Power Systems, Inc. | 1,249.20 | 395.03 | -216% | 61Fair | $61.4B |
| STM STMicroelectronics N.V. | 46.90 | 13.03 | -260% | 58Fair | $41.9B |
| MCHP Microchip Technology Incorporated | 74.26 | 22.65 | -228% | 55Fair | $40.3B |
| CRDO Credo Technology Group Holding Ltd | 178.50 | 83.67 | -113% | 45Weak | $33.5B |
| CBRS Cerebras Systems Inc. | 142.17 | - | - | 45Weak | $32.2B |
| ASX ASE Technology Holding Co., Ltd. | 41.89 | 91.23 | +54% | 85Prime | $92.1B |
| ON ON Semiconductor Corporation | 73.70 | 45.63 | -62% | 56Fair | $28.7B |
| GFS GLOBALFOUNDRIES Inc. | 48.76 | 26.92 | -81% | 59Fair | $26.8B |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about ALAB
Is ALAB undervalued right now?
No: at 301.98 the stock trades 367% above the GLS average fair value of 64.71 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of ALAB and what does it mean?
ALAB scores 46 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ALAB?
64.71 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Astera Labs, Inc. Common Stock report earnings next?
The next earnings report is due on 3 Nov 2026 (after the close), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ALAB have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,000 listed contracts with 81,302 open interest across all expiries and implied volatility of 92% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.