Stock fact sheet · data as of
Nano Labs Ltd (NA): fair value, margin of safety and Wheel Score
Ticker symbol NA · Technology · Semiconductors · China · Class A ordinary shares · Speculative
NA is Nano Labs Ltd's Class A ordinary shares. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is NA undervalued?
Nano Labs Ltd (NA) closed at 1.62 on 5 Nov 2026. The GLS average fair value - the simple average of the 5 valuation models that produced a positive number - is 27,672.29, which puts the price 100% below it. 5 of the 5 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Graham Number (183.16) and GLS Growth (54,741.63). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files NA 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 NA
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 | 183.16 | +11206% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 51,146.94 | +3157119% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 22,354.43 | +1379803% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 54,741.63 | +3379013% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 9,935.30 | +613190% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.1165 | -93% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Nano Labs Ltd scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 0.8/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 13.8%, ROE 18.1%, ROA 12.1% - with debt at 0.31 times equity and negative free cash flow.
Nano Labs 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 Product 99%, Service 1% (fiscal year FY2025).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 13.8% |
|---|---|---|---|
| GLS Moat | 0.8 / 10 | ROE | 18.1% |
| Debt / equity | 0.31 | ROA | 12.1% |
| Free-cash-flow yield | -14895.5% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 18: Weak
With a Wheel Score of 18 Nano Labs Ltd sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (678 open interest, 40 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - debt with no positive cash flow to repay it; and filter 6, no serious red flags - Red Flags score 50 (under 60); and filter 7, a premium worth selling - implied volatility 215% (over 80%); and filter 8, big enough - market cap $109M (under $1.0B); and filter 9, not a penny stock - price 1.62 (under $5); Premium (weak) is its weakest part.
Implied volatility is 215%, 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. Chain open interest is thin - 678 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 35k shares a day on a market cap of $109M, with a beta of 3.43 - 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 | Fails | options too quiet (678 open interest, 40 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Fails | Red Flags score 50 (under 60) |
| 7 | A premium worth selling | Fails | implied volatility 215% (over 80%) |
| 8 | Big enough | Fails | market cap $109M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 1.62 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 100% below fair value | |
| Premium | Weak | implied volatility 215% | |
| Moat | Weak | moat 0.8/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 50/100 | |
| Option trading | Weak | 40 contracts a day, 678 open interest | |
| Stability | Weak | beta 3.43, $109M 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
No upcoming earnings date is recorded for NA in the nightly calendar.
In the last 30 days analysts logged 2 upgrades and 1 downgrade on NA; the latest action was a reiterated rating by Deutsche Bank on 4 Nov 2026.
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 Nano Labs 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.
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|---|---|---|---|---|---|
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| ALMU Aeluma, Inc. | 7.26 | - | - | 12Weak | $140M |
| SODI Solitron Devices, Inc. | 38.50 | 26.55 | -45% | 21No options | $83M |
| QUIK QuickLogic Corporation | 8.26 | - | - | 15Weak | $151M |
| VLN Valens Semiconductor Ltd. | 1.49 | - | - | 11Weak | $161M |
| INTT inTEST Corporation | 14.00 | 6.15 | -128% | 30Weak | $180M |
| INVE INVE Technologies, Inc. | 2.64 | 4.94 | +47% | 29Weak | $64M |
| LAES SEALSQ Corp | 1.43 | 0.2129 | -572% | 20Weak | $204M |
| GUER Guerrilla RF, Inc. | 5.10 | 5,913.62 | +100% | 28No options | $56M |
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Start free See the Sunday ScanQuestions about NA
What kind of share is NA?
NA is Nano Labs Ltd's Class A ordinary shares. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is NA undervalued right now?
By the GLS models, yes: at 1.62 the stock is 100% below the average fair value of 27,672.29 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NA and what does it mean?
NA scores 18 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 5, 6, 7, 8, 9. 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 NA?
27,672.29 per share as of 5 Nov 2026 - the simple average of the 5 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 Nano Labs Ltd report earnings next?
No upcoming earnings date is recorded for NA in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does NA have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 678 open interest across all expiries and implied volatility of 215% 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.