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Nano LabsNA 43 Debt-to-Equity is 0.32 as of Dec. 2025, which is 3100% above its 10-year median of 0.01. GuruFocus rates NA with a GF Score™ of 43/100 and a GF Value™ of $0.87 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 907 Semiconductors companies, Nano Labs ranks worse than 55.02% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Nano Labs's Debt-to-Equity or its related term are showing as below:
NA'
s Debt-to-Equity Range Over the Past 10 Years
Min: -10.24 Med: 0.01 Max: 0.86
Current: 0.32
During the past 6 years, the highest Debt-to-Equity Ratio of Nano Labs was 0.86. The lowest was -10.24. And the median was 0.01.
NA's Debt-to-Equity is ranked worse than 55.02% of 907
companies
in the Semiconductors industry
Industry Median: 0.26
vs NA: 0.32
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Nano Labs Debt-to-Equity Related Terms
Nano Labs Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nano Labs's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Semiconductors subindustry, Nano Labs's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nano Labs Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nano Labs's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nano Labs's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nano Labs (NA) has a Debt-to-Equity of 0.32 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nano Labs and its competitors. This is 3100% above median its historical median of 0.01. According to the industry distribution chart, Nano Labs ranks #499 out of 907 companies in the Semiconductors industry, placing it in the top 55%.
Is Nano Labs' Debt-to-Equity too high?
Nano Labs' current Debt-to-Equity of 0.32 is 3100% above median its 10-year median of 0.01. The Semiconductors industry median Debt-to-Equity is 0.26. Nano Labs' value of 0.32 is 23.1% above this industry median. Based on the distribution chart, Nano Labs ranks #499 out of 907 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Nano Labs has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nano Labs' Debt-to-Equity compare to PXLW and SQNS?
According to the Semiconductors industry distribution chart, Nano Labs ranks #499 out of 907 companies for Debt-to-Equity. This places Nano Labs in the lower half of its industry. The industry median Debt-to-Equity is 0.26. Nano Labs' value of 0.32 is 23.1% above this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.26, Nano Labs has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nano Labs's current Debt-to-Equity of 0.32 is 23.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nano Labs and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nano Labs's current Debt-to-Equity is 0.32, which is 3100% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nano Labs stock overvalued right now?
Based on GuruFocus' analysis, Nano Labs (NA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.87, compared to a current price of $1.79 — trading 105.7% above its estimated fair value. The current Debt-to-Equity is 0.32, which is 3100% above median its 10-year median of 0.01 and 23.1% above the Semiconductors industry median of 0.26. Nano Labs' overall GF Score™ is 43/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Nano Labs (NA), the current Debt-to-Equity is 0.32 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nano Labs (NA) Overvalued in 2026?
Based on GuruFocus' analysis, Nano Labs stock appears to be overvalued.
The current stock price of $1.79 is trading 105.7% above its estimated GF Value™ of $0.87.
GuruFocus considers Nano Labs to be Significantly Overvalued.
Key valuation signals for NA:
Debt-to-Equity: 0.32 (3100% above median its 10-year median of 0.01)
GF Value™: $0.87 vs. price of $1.79 (105.7% above fair value)
Industry Position: 23.1% above the Semiconductors median (#499 of 907)
No single metric tells the full story. See the NA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nano Labs Ltd is a Web 3.0 infrastructure and product solution provider, as well as a crypto treasury company. It is focused on the development of HTC chips and HPC chips. In addition, the company has established BNB value investment and adopted BNB (a crypto token) as the primary reserve asset. Furthermore, it has launched the iPollo Claw, a dedicated hardware solution for the OpenClaw AI Agent Ecosystem. Nano Labs derives revenue mainly from its HTC and HPC offerings, which comprise Darkbird series HPC chips that feature high performance and high energy consumption efficiency, and Cuckoo series chips, used in GPUs. Geographically, the company generates maximum revenue from the People's Republic of China (PRC), and the rest from Singapore, Hong Kong, the United States, and other markets.
43GF Score
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