Astera Labs Valuation

Is ALAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALAB ($97.42) is trading above our estimate of fair value ($92.65)

Significantly Below Fair Value: ALAB is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALAB?

Key metric: As ALAB barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ALAB. This is calculated by dividing ALAB's market cap by their current book value.
What is ALAB's PB Ratio?
PB Ratio17.4x
BookUS$889.61m
Market CapUS$15.10b

Price to Book Ratio vs Peers

How does ALAB's PB Ratio compare to its peers?

The above table shows the PB ratio for ALAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.7x
SWKS Skyworks Solutions
2.1x10.8%US$13.4b
FSLR First Solar
2.6x28.2%US$20.1b
GFS GlobalFoundries
2x22.5%US$23.4b
MTSI MACOM Technology Solutions Holdings
8.2x35.4%US$9.1b
ALAB Astera Labs
17.4x69.6%US$15.1b

Price-To-Book vs Peers: ALAB is expensive based on its Price-To-Book Ratio (17.4x) compared to the peer average (3.7x).


Price to Book Ratio vs Industry

How does ALAB's PB Ratio compare vs other companies in the US Semiconductor Industry?

7 CompaniesPrice / BookEstimated GrowthMarket Cap
DQ Daqo New Energy
0.3x82.6%US$1.21b
JKS JinkoSolar Holding
0.4x68.4%US$1.11b
CSIQ Canadian Solar
0.3x78.1%US$731.77m
MX Magnachip Semiconductor
0.5x-2.4%US$135.79m
ALAB 17.4xIndustry Avg. 2.4xNo. of Companies13PB0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ALAB is expensive based on its Price-To-Book Ratio (17.4x) compared to the US Semiconductor industry average (2.4x).


Price to Book Ratio vs Fair Ratio

What is ALAB's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALAB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio17.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ALAB's Price-To-Book Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$97.42
US$100.85
+3.5%
9.7%US$120.00US$80.00n/a13
Nov ’25US$72.65
US$72.17
-0.7%
14.2%US$85.00US$47.00n/a12
Oct ’25US$50.68
US$67.67
+33.5%
15.9%US$85.00US$47.00n/a12
Sep ’25US$43.06
US$67.67
+57.1%
15.9%US$85.00US$47.00n/a12
Aug ’25US$40.45
US$87.73
+116.9%
5.1%US$98.00US$85.00n/a11
Jul ’25US$57.54
US$87.73
+52.5%
5.1%US$98.00US$85.00n/a11
Jun ’25US$64.54
US$87.73
+35.9%
5.1%US$98.00US$85.00n/a11
May ’25US$74.83
US$86.09
+15.0%
5.7%US$100.00US$81.00n/a11

Analyst Forecast: Target price is less than 20% higher than the current share price.


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