Stock fact sheet · data as of
Credo Technology Group Holding Ltd (CRDO): fair value, margin of safety and Wheel Score
Ticker symbol CRDO · Technology · Semiconductors · Cayman Islands · Speculative
Is CRDO undervalued?
Credo Technology Group Holding Ltd (CRDO) closed at 136.50 on 5 Nov 2026, 63% above the GLS average fair value of 83.65. 5 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 30.91 while GLS Growth gives 177.17. 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 CRDO under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CRDO
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 | 30.91 | -77% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 142.22 | +4% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 60.43 | -56% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 177.17 | +30% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.29 | -64% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 93.37 | -32% | 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 | 32.16 | -76% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 9.41 | -93% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 272.91 | +100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: CRDO passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 3.9 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are high - ROIC 22.6%, ROE 22.9%, ROA 20.6% - with debt at 0.01 times equity and a free-cash-flow yield of 1.7%.
Credo Technology Group Holding Ltd 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 Q1 FY2027).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales; the last recorded insider buy was on 13 Oct 2026.
| Piotroski F-score | 3 / 9 | ROIC | 22.6% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | 22.9% |
| Debt / equity | 0.01 | ROA | 20.6% |
| Free-cash-flow yield | 1.7% | Payout ratio | 0% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 24: Weak
CRDO scores 24 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 63% above our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 7, a premium worth selling - implied volatility 100% (over 80%), and the parts are thin too - value weak, premium weak, moat fair, health weak, red flags fair, option trading strong, stability weak. 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 100%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 151,819 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 10.7M shares a day on a market cap of $25.7B, with a beta of 3.29 - 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 rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 63% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 100% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 63% above fair value | |
| Premium | Weak | implied volatility 100% | |
| Moat | Fair | moat 3.9/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Fair | Red Flags score 77/100 | |
| Option trading | Strong | 27,122 contracts a day, 151,819 open interest | |
| Stability | Weak | beta 3.29, $25.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Dec 2026 (after the close), 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
No analyst upgrades or downgrades were recorded in the last 30 days.
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 Credo Technology Group Holding Ltd 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 |
|---|---|---|---|---|---|
| Q Qnity Electronics, Inc. | 118.78 | 44.98 | -164% | 40Weak | $24.8B |
| ON ON Semiconductor Corporation | 71.24 | 48.86 | -46% | 42Weak | $27.7B |
| GFS GLOBALFOUNDRIES Inc. | 40.34 | 26.95 | -50% | 39Weak | $22.1B |
| ENTG Entegris, Inc. | 142.87 | 55.00 | -160% | 39Weak | $21.8B |
| CBRS Cerebras Systems Inc. | 91.85 | - | - | 21Weak | $20.8B |
| MTSI MACOM Technology Solutions Holdings, Inc. | 233.13 | 61.07 | -282% | 32Weak | $17.8B |
| ALAB Astera Labs, Inc. Common Stock | 223.27 | 79.52 | -181% | 29Weak | $38.7B |
| TSEM Tower Semiconductor Ltd. | 148.80 | 67.88 | -119% | 36Weak | $16.9B |
| TER Teradyne, Inc. | 250.99 | 145.98 | -72% | 44Weak | $39.2B |
| UMC United Microelectronics Corporation | 16.06 | 13.65 | -18% | 43Weak | $40.1B |
| STM STMicroelectronics N.V. | 45.60 | 14.88 | -206% | 42Weak | $40.8B |
| MCHP Microchip Technology Incorporated | 75.34 | 22.56 | -234% | 41Weak | $40.9B |
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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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 CRDO
Is CRDO undervalued right now?
No: at 136.50 the stock trades 63% above the GLS average fair value of 83.65 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CRDO and what does it mean?
CRDO scores 24 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CRDO?
83.65 per share as of 5 Nov 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 Credo Technology Group Holding Ltd report earnings next?
The next earnings report is due on 2 Dec 2026 (after the close), 27 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CRDO have listed options, and how liquid are they?
Yes. The nightly snapshot found 534 listed contracts with 151,819 open interest across all expiries and implied volatility of 100% 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.