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Astera LabsALAB -5.04%15 Net-Net Working Capital is $6.72 as of Mar. 2026. GuruFocus rates ALAB with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 535 Semiconductors companies, Astera Labs ranks worse than 84.3% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Astera Labs's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $6.72.
The industry rank for Astera Labs's Net-Net Working Capital or its related term are showing as below:
ALAB's Price-to-Net-Net-Working-Capital is ranked worse than 84.3% of 535
companies
in the Semiconductors industry
Industry Median: 12.2
vs ALAB: 45.18
Astera Labs (NAS:ALAB) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Astera Labs Net-Net Working Capital Related Terms
Astera Labs Net-Net Working Capital Historical Data
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The historical data trend for Astera Labs's Net-Net Working Capital 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-Net Working Capital Comparison
For the Semiconductors subindustry, Astera Labs's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Astera Labs's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Astera Labs's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $6.72 mean?
Astera Labs (ALAB) has a Net-Net Working Capital of $6.72 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Astera Labs According to the industry distribution chart, Astera Labs ranks #451 out of 535 companies in the Semiconductors industry, placing it in the top 84.3%.
Is Astera Labs' Net-Net Working Capital too high?
Astera Labs' current Net-Net Working Capital is $6.72. The Semiconductors industry median Net-Net Working Capital is 12.20. Astera Labs' value of $6.72 is 44.9% below this industry median. Based on the distribution chart, Astera Labs ranks #451 out of 535 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-Net Working Capital compare to MPWR and NXPI?
According to the Semiconductors industry distribution chart, Astera Labs ranks #451 out of 535 companies for Net-Net Working Capital. This places Astera Labs in the lower half of its industry. The industry median Net-Net Working Capital is 12.20. Astera Labs' value of $6.72 is 44.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 12.20, based on 535 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Astera Labs's current Net-Net Working Capital of $6.72 is 44.9% 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Astera Labs For the Semiconductors industry, the median Net-Net Working Capital is 12.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astera Labs's current Net-Net Working Capital is $6.72. 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-Net Working Capital of $6.72. The current Net-Net Working Capital is $6.72 and 44.9% below the Semiconductors industry median of 12.20. Astera Labs' overall GF Score™ is 15/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Astera Labs (ALAB), the current Net-Net Working Capital is $6.72 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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