Credo (CRDO) Stock Analysis

November 11, 2026

This is a peer-relative look at Credo (CRDO): 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 Credo (CRDO)
Profile Item	CRDO
Name	Credo Technology Group Holding Ltd
Country/Region	Cayman Islands
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	22.65 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	January 27, 2022
Security Type	Common Stock

Price Performance

Cumulative Growth

CRDO

GSPC

Credo (CRDO) 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 Credo (CRDO) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
Total Return (1Y)	-17.42%	35.06%
Total Return (3Y, Annualized)	107.84%	22.14%
Total Return (5Y, Annualized)	--	7.43%

Risk Profile

Drawdown History

CRDO

GSPC

Credo (CRDO) 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 Credo (CRDO) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
Volatility (1Y, Annualized)	98.54%	73.97%
Beta (5Y)	3.31	1.84
Max Drawdown (5Y)	-62.87%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CRDO 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

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
Sharpe Ratio (1Y)	-0.22	0.42
Sortino Ratio (1Y)	-0.32	0.61

Profitability

ROE (TTM)

Credo (CRDO) posts ROE of 30.67%, 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

30.67%

Group distribution

Max: 52.82%
CRDO: 30.67%
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%
CRDO: 30.67%
AMD: 11.96%

Where Credo (CRDO) 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)

Credo (CRDO) keeps 33.83% 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

33.83%

Group distribution

Max: 63.80%
CRDO: 33.83%
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%
CRDO: 33.83%
AMD: 16.77%

Where Credo (CRDO) 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)

Credo (CRDO) turns 25.20% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CRDO

Semiconductors & Semiconductor Equipment industry group

25.20%

Group distribution

Max: 58.66%
Q3: 30.23%
CRDO: 25.20%
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%
CRDO: 25.20%
AMD: 21.17%

Where Credo (CRDO) 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

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
ROE (TTM)	30.67%	10.58%
ROA (TTM)	16.11%	4.85%
Net Margin (TTM)	33.83%	11.44%
Operating Margin (TTM)	25.20%	15.91%
Gross Margin (TTM)	67.07%	49.36%

Growth

Revenue Growth

Credo (CRDO) grew revenue 205.68%, 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.

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

EPS Growth

Credo (CRDO) grew earnings per share 765.52%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Credo (CRDO): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
Revenue Growth (YoY)	205.68%	9.64%
Revenue Growth (3Y CAGR)	93.53%	0.00%
EPS Growth (YoY)	765.52%	4.90%
EPS Growth (3Y CAGR)	--	-7.71%

Financial Strength

Current Ratio (MRQ)

Credo (CRDO) has current ratio of 7.40, 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

7.40

Group distribution

Max: 10.33
CRDO: 7.40
Q3: 5.62
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
CRDO: 7.40
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Credo (CRDO) 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)

Credo (CRDO) has debt-to-equity ratio of 0.01, 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

0.01

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
CRDO: 0.01
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04
CRDO: 0.01

Where Credo (CRDO) 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

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
Current Ratio (MRQ)	7.40	3.33
Debt / Equity (MRQ)	0.01	0.27
Net Debt / EBITDA	-1.36	-0.36

Dividends

Dividend Yield (TTM)

Credo (CRDO) 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 1.37%
Q3: 0.65%
CRDO: 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%
CRDO: 0.00%
AMD: 0.00%

Where Credo (CRDO) 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)

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

CRDO

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 49.64%
Q3: 21.71%
CRDO: 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%
CRDO: 0.00%
SKHY: 0.00%
AMD: 0.00%

Where Credo (CRDO) 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

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

Valuation

P/E Ratio (TTM)

Credo (CRDO) trades at P/E ratio of 42.73, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

CRDO

Semiconductors & Semiconductor Equipment industry group

42.73

Group distribution

Max: 110.34
Q3: 66.81
CRDO: 42.73
Median: 37.02
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
CRDO: 42.73
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Credo (CRDO) 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)

Credo (CRDO) trades at 14.24 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.

CRDO

Semiconductors & Semiconductor Equipment industry group

14.24

Group distribution

Max: 21.42
CRDO: 14.24
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
NVDA: 14.88
CRDO: 14.24
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Credo (CRDO) 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)

Credo (CRDO) trades at 8.29 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

CRDO

Semiconductors & Semiconductor Equipment industry group

8.29

Group distribution

Max: 14.06
CRDO: 8.29
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
CRDO: 8.29
MU: 5.64
SKHY: 3.95

Where Credo (CRDO) 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

Credo (CRDO) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: CRDO	Industry group median
P/E Ratio (TTM)	42.73	37.02
P/S Ratio (TTM)	14.24	5.76
P/B Ratio (MRQ)	8.29	4.29
Free Cash Flow Yield (TTM)	1.10%	1.46%