---
title: Astera Labs (ALAB) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/alab
ticker: ALAB
as_of: 2026-10-17
sector: Technology
industry: Semiconductors
---
# Astera Labs (ALAB)

Astera Labs (ALAB) closed at $285.82 on Oct 16, 2026, overvalued by 585% vs its model value of $41.76 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $285.82 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $41.76 |
| Price vs model | overvalued by 585% vs model |
| Range of that model | $31.78 – $61.12 |
| Market value | $49.6B |
| P/E (fiscal 2025) | 234.3 |
| Net margin (fiscal 2025) | 25.7% |
| Free cash flow (fiscal 2025) | $281.8M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 3.69 |
| Cost of capital (WACC) | 13.37% |
| Business classification | High Growth (High revenue growth (~171% recent), High profitability (26% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #23 | +71.8% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $41.76 | $31.78 | $61.12 |
| DCF · Perpetuity growth · 10y | cross check | $65.86 | $49.56 | $97.31 |
| DCF · EBITDA exit · 5y | cross check | $41.66 | $24.47 | $61.90 |
| DCF · EBITDA exit · 10y | cross check | $65.72 | $41.68 | $97.95 |
| P/E · peers | cross check | $105.52 | $92.16 | $153.27 |
| P/E · own history | cross check | $0.00 | $0.00 | $0.00 |
| PEG | sanity check | $99.84 | $99.84 | $99.84 |
| EV/EBITDA · peers | cross check | $53.36 | $47.55 | $90.31 |
| EV/Revenue · peers | cross check | $107.87 | $73.97 | $147.13 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 37 open-market sales ($54.9M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | BARRATT CRAIG H | Director | Grant / award | 68 | $21,186.8 |
| Oct 1, 2026 | HURLSTON MICHAEL E. | Director | Grant / award | 72 | $22,433 |
| Oct 7, 2026 | Dyckerhoff Stefan A | Director | Open-market sell (10b5-1 plan) | 8,333 | $3.1M |
| Oct 7, 2026 | Dyckerhoff Stefan A | Director | Open-market sell (10b5-1 plan) | 3,505 | $1.3M |
| Oct 1, 2026 | Dyckerhoff Stefan A | Director | Grant / award (10b5-1 plan) | 68 | $21,186.8 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1736297/000173629726000035/alab-20260630.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1736297/000173629726000033/alab-20260804.htm |
| Jun 8, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1736297/000173629726000027/alab-20260604.htm |
| May 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1736297/000173629726000020/alab-20260331.htm |
| May 5, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/1736297/000173629726000018/a05052026forms-8.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Lee Ainslie | 2026-06-30 | 1,067,215 | $515.5M |
| Bridgewater | 2026-06-30 | 992 | $479,156 |

2 tracked managers in all.

## About

Astera Labs, Inc. develops, produces, and markets semiconductor-based connectivity solutions for cloud computing and artificial intelligence infrastructure. Its core offering, the Intelligent Connectivity Platform, comprises a comprehensive portfolio of data, network, and memory connectivity products. These are unified by a software-defined architecture, which empowers customers to seamlessly deploy and operate high-performance cloud and AI systems at scale. Established in 2017, the company is headquartered in Santa Clara, California.

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Source: https://sweetvaluelab.com/stocks/alab (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.