Nano Labs Ltd Class A Ordinary Shares (NA)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-13 close, Nano Labs was priced at $1.85 with a $57.1 million market capitalization. FairStock's calculations show a price-to-book of 0.38, which looks Graham-cheap, but a negative P/E of -1.95, ROE of -35.63%, and ROCE of -4.39%. Those are not the marks of a business earning a satisfactory return on capital. The Piotroski F-Score is 1/9 and the Altman Z-Score is -1.25, both signaling financial weakness. The balance sheet carries D/E of 0.59, and the stock's beta of 3.47 makes it exceptionally volatile. Nano Labs is a fabless chip designer with 67 employees, selling HTC and HPC chips, including Cuckoo for crypto-mining algorithms and Darkbird. That is a narrow, fast-changing niche, and from the data I cannot identify a durable competitive moat. There is no revenue or profit growth history supplied, and the Lynch category is none because only 0 years of filed results exist where 3 are needed. Valuation is the only attraction: the shares trade below book and near the low end of the 52-week $1.58-$5.65 range. But a low price relative to book is not enough if losses continue. Growth is unproven; the company needs to show filed results, positive earnings, and better cash returns. In my framework, it remains a speculative turnaround rather than a Buffett-style bargain.

In plain English: The company designs computer chips, including chips for cryptocurrency mining. It is losing money and shows weak financial health, with a very jumpy stock. The share price is below the accounting value of its net assets, but the losses mean that discount may not be a true bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer