4 years of historical data (2022–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Astera Labs, Inc. Common Stock trades at 97.4x earnings, 29% below its 5-year average of 136.4x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 286%. On a free-cash-flow basis, the stock trades at 71.8x P/FCF, 48% below the 5-year average of 137.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $20.2B | $29.9B | $17.4B | — | — |
| Enterprise Value | $20.1B | $29.7B | $17.3B | — | — |
| P/E Ratio → | 97.40 | 136.36 | — | — | — |
| P/S Ratio | 23.73 | 35.04 | 43.87 | — | — |
| P/B Ratio | 15.65 | 21.90 | 18.02 | — | — |
| P/FCF | 71.79 | 106.01 | 169.73 | — | — |
| P/OCF | 63.35 | 93.55 | 127.20 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Astera Labs, Inc. Common Stock's enterprise value stands at 111.3x EBITDA, 32% below its 5-year average of 164.8x. The Technology sector median is 15.7x, placing the stock at a 607% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 34.84 | 43.67 | — | — |
| EV / EBITDA | 111.28 | 164.78 | — | — | — |
| EV / EBIT | 115.67 | 136.15 | — | — | — |
| EV / FCF | — | 105.42 | 168.97 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Astera Labs, Inc. Common Stock earns an operating margin of 20.3%. Operating margins have expanded from -25.5% to 20.3% over the past 3 years, signaling improving operational efficiency. ROE of 18.8% indicates solid capital efficiency. ROIC of 12.5% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 75.7% | 75.7% | 76.4% | 68.9% | 73.5% |
| Operating Margin | 20.3% | 20.3% | -29.3% | -25.5% | -75.4% |
| Net Profit Margin | 25.7% | 25.7% | -21.1% | -22.7% | -73.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 18.8% | 18.8% | -14.9% | -72.8% | — |
| ROA | 16.9% | 16.9% | -13.3% | -12.9% | -27.6% |
| ROIC | 12.5% | 12.5% | -17.4% | -19.2% | — |
| ROCE | 14.7% | 14.7% | -20.6% | -17.7% | -35.1% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $168M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | 0.02 | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | -0.12 | -0.08 | -0.27 | — |
| Net Debt / EBITDA | -0.93 | -0.93 | — | — | — |
| Debt / FCF | — | -0.59 | -0.76 | — | — |
| Interest Coverage | — | — | — | — | — |
Net cash position: cash ($168M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
Astera Labs, Inc. Common Stock's current ratio of 10.24x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 9.79x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 5.30x to 10.24x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 10.24 | 10.24 | 11.71 | 5.30 | 5.14 |
| Quick Ratio | 9.79 | 9.79 | 11.21 | 4.61 | 4.42 |
| Cash Ratio | 8.94 | 8.94 | 10.56 | 4.26 | 4.07 |
| Asset Turnover | — | 0.56 | 0.38 | 0.59 | 0.38 |
| Inventory Turnover | 3.51 | 3.51 | 2.17 | 1.49 | 0.73 |
| Days Sales Outstanding | — | 35.62 | 35.75 | 26.27 | 48.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Astera Labs, Inc. Common Stock does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 1.0% | 0.7% | — | — | — |
| FCF Yield | 1.4% | 0.9% | 0.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $180M | $131M | $153M | $130M |
Compare ALAB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ALABYou | $20B | 97.4 | 111.3 | 71.8 | 75.7% | 20.3% | 18.8% | 12.5% | — |
| AVGO | $1.5T | 67.0 | 44.1 | 56.3 | 67.8% | 39.9% | 31.0% | 14.9% | 1.8 |
| TXN | $193B | 38.9 | 25.3 | 74.0 | 57.0% | 34.1% | 30.1% | 16.6% | 1.8 |
| ADI | $174B | 78.0 | 36.5 | 40.6 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
| QCOM | $153B | 28.4 | 11.6 | 11.9 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
| MRVL | $71B | -80.1 | 116.5 | 50.9 | 41.3% | -12.5% | -6.3% | -3.1% | 6.8 |
| NXPI | $57B | 28.6 | 16.0 | 23.6 | 54.4% | 27.0% | 20.2% | 13.5% | 3.0 |
| MCHP | $40B | -9999.0 | 43.1 | 52.1 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
| STM | $30B | 20.2 | 9.0 | — | 39.3% | 12.6% | 9.0% | 7.1% | 0.9 |
| MTSI | $19B | -339.9 | 98.7 | 96.5 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
| SITM | $10B | -98.2 | — | — | 51.6% | -56.9% | -13.3% | -12.3% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 4 years · Updated daily
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Start ComparisonAstera Labs, Inc. Common Stock's current P/E ratio is 97.4x. The historical average is 136.4x.
Astera Labs, Inc. Common Stock's current EV/EBITDA is 111.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Astera Labs, Inc. Common Stock's return on equity (ROE) is 18.8%. The historical average is -22.9%.
Based on historical data, Astera Labs, Inc. Common Stock is trading at a P/E of 97.4x. Compare with industry peers and growth rates for a complete picture.
Astera Labs, Inc. Common Stock has 75.7% gross margin and 20.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.