Stock fact sheet · data as of
Nano Labs Ltd (NA): fair value, margin of safety and Wheel Score
Technology · Semiconductors · China · ADR · Speculative / Distressed
Is NA undervalued?
Nano Labs Ltd (NA) closed at 1.86 on 16 Oct 2026. The GLS average fair value - the simple average of the 5 valuation models that produced a positive number - is 27,876.07, 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 (1,538.93) and GLS Growth (54,608.17). 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 / Distressed - negative earnings or a Piotroski score of 3 or less - 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 | 1,538.93 | +82638% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 51,022.25 | +2743032% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 22,299.93 | +1198821% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 54,608.17 | +2935823% | 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 | 9,911.08 | +532754% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.7766 | -58% | 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 Sunday Scan's "6 or more" rule. 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 2.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, 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 | 2.4 / 10 | ROE | 18.1% |
| Debt / equity | 0.31 | ROA | 12.1% |
| Free-cash-flow yield | -12941.9% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 40: Weak
With a Wheel Score of 40 Nano Labs Ltd sits in the Weak band. The parts - Value 25/25, Health 7/20, Moat 4/15, Premium 5/20, Stability 0/20 - show where: Stability (0/20) scores lowest.
Implied volatility is 242%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is thin - 784 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 9k shares a day on a market cap of $125M, 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 gives that 0 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 100% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 4 / 15 | moat 2.4/10 | |
| Premium | 5 / 20 | implied volatility 242% | |
| Stability | 0 / 20 | 9k shares/day, $125M cap, beta 3.43 |
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
No upcoming earnings date is recorded for NA in the nightly calendar.
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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ATOM Atomera Incorporated | 3.33 | 0.5640 | -489% | 25Weak | $130M |
| MX MagnaChip Semiconductor | 2.75 | - | - | 40Weak | $105M |
| GCTS GCT Semiconductor Holding, Inc. | 1.76 | - | - | 35Weak | $160M |
| GSIT GSI Technology, Inc. | 4.30 | - | - | 39Weak | $165M |
| INTT inTEST Corporation | 13.03 | 6.15 | -112% | 39Weak | $167M |
| ALMU Aeluma, Inc. | 8.85 | - | - | 40Weak | $171M |
| QUIK QuickLogic Corporation | 9.48 | - | - | 44Weak | $174M |
| VLN Valens Semiconductor Ltd. | 1.61 | - | - | 36Weak | $174M |
| SODI Solitron Devices, Inc. | 37.52 | 26.55 | -41% | 29No options | $81M |
| ASYS Amtech Systems, Inc. | 13.45 | 5.63 | -139% | 39Weak | $235M |
| LAES SEALSQ Corp | 1.93 | 0.3520 | -448% | 43Weak | $275M |
| INVE INVE Technologies, Inc. | 2.29 | 4.95 | +54% | 45Weak | $55M |
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Start free See the Sunday ScanQuestions about NA
Is NA undervalued right now?
By the GLS models, yes: at 1.86 the stock is 100% below the average fair value of 27,876.07 (data as of 16 Oct 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 40 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 NA?
27,876.07 per share as of 16 Oct 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 16 Oct 2026; the Calendars page is refreshed every morning.
Does NA have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 784 open interest across all expiries and implied volatility of 242% 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.