Astera Labs (ALAB) Stock Analysis

November 11, 2026

This is a peer-relative look at Astera Labs (ALAB): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Astera Labs (ALAB)
Profile Item	ALAB
Name	Astera Labs, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	33.33 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	March 20, 2024
Security Type	Common Stock

Price Performance

Cumulative Growth

ALAB

GSPC

Astera Labs (ALAB) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Astera Labs (ALAB) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Astera Labs (ALAB) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Total Return (1Y)	31.42%	35.06%
Total Return (3Y, Annualized)	--	22.14%
Total Return (5Y, Annualized)	--	7.43%

Risk Profile

Drawdown History

ALAB

GSPC

Astera Labs (ALAB) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Astera Labs (ALAB) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Volatility (1Y, Annualized)	101.55%	73.97%
Beta (5Y)	3.95	1.84
Max Drawdown (5Y)	-63.69%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. ALAB is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Sharpe Ratio (1Y)	0.27	0.42
Sortino Ratio (1Y)	0.39	0.61

Profitability

ROE (TTM)

Astera Labs (ALAB) posts ROE of 28.21%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

ALAB

Semiconductors & Semiconductor Equipment industry group

28.21%

Group distribution

Max: 52.82%
ALAB: 28.21%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
ALAB: 28.21%
AMD: 11.96%

Where Astera Labs (ALAB) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Astera Labs (ALAB) keeps 29.64% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

29.64%

Group distribution

Max: 63.80%
ALAB: 29.64%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
ALAB: 29.64%
AMD: 16.77%

Where Astera Labs (ALAB) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Astera Labs (ALAB) turns 30.61% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

30.61%

Group distribution

Max: 58.66%
ALAB: 30.61%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
ALAB: 30.61%
AMD: 21.17%

Where Astera Labs (ALAB) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
ROE (TTM)	28.21%	10.58%
ROA (TTM)	13.41%	4.85%
Net Margin (TTM)	29.64%	11.44%
Operating Margin (TTM)	30.61%	15.91%
Gross Margin (TTM)	73.89%	49.36%

Growth

Revenue Growth

Astera Labs (ALAB) grew revenue 115.13%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.

Astera Labs (ALAB): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

No usable EPS growth is available for Astera Labs (ALAB) this period, so the earnings-momentum read is skipped.

Astera Labs (ALAB) doesn't report EPS Growth this period; the bars show the Semiconductors & Semiconductor Equipment industry-group medians on their own.

Growth Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Revenue Growth (YoY)	115.13%	9.64%
Revenue Growth (3Y CAGR)	120.18%	0.00%
EPS Growth (YoY)	--	4.90%
EPS Growth (3Y CAGR)	--	-7.71%

Financial Strength

Current Ratio (MRQ)

Astera Labs (ALAB) has current ratio of 8.03, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

ALAB

Semiconductors & Semiconductor Equipment industry group

8.03

Group distribution

Max: 10.33
ALAB: 8.03
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
ALAB: 8.03
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Astera Labs (ALAB) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Astera Labs (ALAB) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.02

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
ALAB: 0.02
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04
ALAB: 0.02

Where Astera Labs (ALAB) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Current Ratio (MRQ)	8.03	3.33
Debt / Equity (MRQ)	0.02	0.27
Net Debt / EBITDA	-3.23	-0.36

Dividends

Dividend Yield (TTM)

Astera Labs (ALAB) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 1.37%
Q3: 0.65%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
NVDA: 0.15%
MU: 0.09%
ALAB: 0.00%
AMD: 0.00%

Where Astera Labs (ALAB) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Astera Labs (ALAB) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

ALAB

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 49.64%
Q3: 21.71%
ALAB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
ALAB: 0.00%
SKHY: 0.00%
AMD: 0.00%

Where Astera Labs (ALAB) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Astera Labs (ALAB) trades at P/E ratio of 75.38, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

ALAB

Semiconductors & Semiconductor Equipment industry group

75.38

Group distribution

Max: 110.34
ALAB: 75.38
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
ALAB: 75.38
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Astera Labs (ALAB) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Astera Labs (ALAB) trades at 21.42 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

ALAB

Semiconductors & Semiconductor Equipment industry group

21.42

Group distribution

ALAB: 21.42
Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

ALAB: 21.42
AMD: 16.21
AVGO: 15.73
NVDA: 14.88
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Astera Labs (ALAB) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Astera Labs (ALAB) trades at 16.67 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

ALAB

Semiconductors & Semiconductor Equipment industry group

16.67

Group distribution

ALAB: 16.67
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
ALAB: 16.67
AVGO: 14.06
AMD: 10.77
MU: 5.64
SKHY: 3.95

Where Astera Labs (ALAB) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Astera Labs (ALAB) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ALAB	Industry group median
P/E Ratio (TTM)	75.38	37.02
P/S Ratio (TTM)	21.42	5.76
P/B Ratio (MRQ)	16.67	4.29
Free Cash Flow Yield (TTM)	0.39%	1.46%