Nano Labs Ltd (NA) Fair Value & Analysis
Technology · US · Market cap $45.7M · ISIN KYG6391Y1281
What is Nano Labs Ltd really worth?
Nano Labs Ltd
NA · US
Below-average quality, and trading another 32% above our fair value of $1.70.
Strengths
Risks
Fair value as of: Aug 18, 2026
From 10 valuation models · updated 17 days ago
Fair value updated Aug 18, 2026, revised from $1.71 to $1.70 (−0.6%) since Aug 13, 2026. Share price +19.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($2.13). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
50‑month range $1.61 – $108.70 · fair‑value band $1.28 – $2.13 · the $2.24 price screens above the $1.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
Analysis
Nano Labs Ltd (NA) currently trades at $2.24, while our model-based Fair Value estimate is $1.70, implying the stock looks roughly 31.6% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $5.06 per share, and 6 of the 10 models we run sit above the $2.24 price. Bear case: the Asset-Based group reads lowest at $0.3709, and 4 of the 10 models stay below the price. Evidence for this calculation is medium.
Trailing-twelve-month revenue stands at $27.0M. Revenue grew 18.1% year over year. It earns a return on equity of 25.9%. Net debt stands at $226M. Fundamentals as of Aug 18, 2026
Our scenario range runs from $1.28 (bear case) to $2.13 (bull case); at $2.24, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −24%, NA screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.6727 per share, which is 39.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 10 models by family
Widest divergence: Growth Earnings ($5.06) versus Asset-Based ($0.3709). Highest evidence: Owner Earnings (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 11
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Nano Labs Ltd engages in the design and sale of fabless integrated circuit and product solutions in the People's Republic of China, Hong Kong, Singapore, the United States, and internationally. The company develops HTC chips and HPC chips.
Full company description
Nano Labs Ltd engages in the design and sale of fabless integrated circuit and product solutions in the People's Republic of China, Hong Kong, Singapore, the United States, and internationally. The company develops HTC chips and HPC chips. It offers Cuckoo 1.0, Cuckoo 2.0, and Cuckoo 3.0 which target the ASIC-resistant mining algorithms of cryptocurrencies, such as Ethereum Classic and Grin; and Darkbird 1.0 HPC chips. The company serves enterprises and individual buyers. Nano Labs Ltd was founded in 2019 and is headquartered in Hangzhou, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Nano Labs Ltd reported revenue of 27.0M CNY in FY2025 versus 39.4M CNY in FY2021, a compound −9.0%/yr. Reported net income was 135M CNY in FY2025.
NA screens 32% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 325 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Semiconductors median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $227.98 | $98.98 | −57% |
| Taiwan Semiconductor Manufacturing Company TSM | $427.30 | $296.10 | −31% |
| Broadcom Inc AVGO | $371.54 | $118.27 | −68% |
| SK hynix Inc 000660 | 1,647,000 KRW | 1,481,291 KRW | −10% |
| Micron Technology, Inc MU | $932.86 | $148.38 | −84% |
| Advanced Micro Devices, Inc AMD | $476.67 | $55.02 | −88% |
| Intel Corporation INTC | $92.09 | $35.41 | −62% |
| Texas Instruments Incorporated TXN | $266.54 | $78.54 | −71% |
| QUALCOMM Incorporated QCOM | $164.78 | $147.20 | −11% |
| MediaTek Inc 2454 | 3,845 TWD | 1,559 TWD | −59% |
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