Astera LabsALAB +5.93%15 Net Current Asset Value is $7.28 as of Mar. 2026, which is 50% below its 10-year median of 14.46. GuruFocus rates ALAB with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 720 Semiconductors companies, Astera Labs ranks worse than 91.25% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Astera Labs's net current asset value per share for the quarter that ended in Mar. 2026 was $7.28.
The historical rank and industry rank for Astera Labs's Net Current Asset Value or its related term are showing as below:
ALAB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.76 Med: 14.46 Max: 68.33
Current: 66.35
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Astera Labs was 68.33. The lowest was 9.76. And the median was 14.46.
ALAB's Price-to-Net-Current-Asset-Value is ranked worse than 91.25% of 720
companies
in the Semiconductors industry
Industry Median: 9.585
vs ALAB: 66.35
Astera Labs (NAS:ALAB) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Astera Labs Net Current Asset Value Related Terms
Astera Labs Net Current Asset Value Historical Data
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The historical data trend for Astera Labs's Net Current Asset Value 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.
ALAB vs MPWR, NXPI, MCHP: Net Current Asset Value Comparison
For the Semiconductors subindustry, Astera Labs's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Astera Labs Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Astera Labs's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Astera Labs's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of $7.28 mean?
Astera Labs (ALAB) has a Net Current Asset Value of $7.28 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Astera Labs and its competitors. This is 50% below median its historical median of 14.46. Over the past decade, Astera Labs' Net Current Asset Value has ranged from 9.76 to 68.33. According to the industry distribution chart, Astera Labs ranks #657 out of 720 companies in the Semiconductors industry, placing it in the top 91.2%.
Is Astera Labs' Net Current Asset Value too high?
Astera Labs' current Net Current Asset Value of $7.28 is 50% below median its 10-year median of 14.46. Over the past 10 years, this metric has ranged from a low of 9.76 to a high of 68.33. The Semiconductors industry median Net Current Asset Value is 9.59. Astera Labs' value of $7.28 is 24% below this industry median. Based on the distribution chart, Astera Labs ranks #657 out of 720 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Astera Labs has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Astera Labs' Net Current Asset Value compare to MPWR and NXPI?
According to the Semiconductors industry distribution chart, Astera Labs ranks #657 out of 720 companies for Net Current Asset Value. This places Astera Labs in the lower half of its industry. The industry median Net Current Asset Value is 9.59. Astera Labs' value of $7.28 is 24% below this benchmark. Historically, Astera Labs' own Net Current Asset Value has ranged from 9.76 to 68.33 over the past decade. While the company's 10-year median is 14.46 vs. the industry median of 9.59, Astera Labs has consistently been below 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 Net Current Asset Value for a Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.59, based on 720 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Astera Labs's current Net Current Asset Value of $7.28 is 24% below 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Astera Labs and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astera Labs's current Net Current Asset Value is $7.28, which is 50% below median its own 10-year median of 14.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astera Labs stock overvalued right now?
Astera Labs (ALAB) has a current Net Current Asset Value of $7.28. The current Net Current Asset Value is $7.28, which is 50% below median its 10-year median of 14.46 and 24% below the Semiconductors industry median of 9.59. Astera Labs' overall GF Score™ is 15/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Astera Labs (ALAB), the current Net Current Asset Value is $7.28 as of Mar. 2026. 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.
Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms. Geographically, the company operates in Singapore, China, Taiwan, and United States, of which maximum revenue is derived from United States.
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