Credo Technology Group Holding Ltd (CRDO) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Credo Technology Group Holding Ltd stock $113, price $112, upside +0.3%, quality 71 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
57‑month range $7.35 – $302.52 · fair‑value band $65.60 – $158.78 · the $112.33 price screens below the $112.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.
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It provides HiWire active electrical cables solutions, including HiWire CLOS, SPAN, SHIFT, and SWITCH; optical PAM4 digital signal processors; low-power line card PHY; serializer/deserializer (SerDes) chiplets; and SerDes IP, as well as integrated circuits.
The company also offers intellectual property solutions consist of SerDes IP licensing. In addition, it offers predictive integrity link optimization and telemetry; PCIe retimer solutions; and support and maintenance, engineering, and royalties services.
The company sells its products to hyperscalers, original equipment manufacturers, original design manufacturers, and optical module manufacturers, as well as into the enterprise and HPC markets. Credo Technology Group Holding Ltd was founded in 2008 and is based in Grand Cayman, the Cayman Islands.
Stock analysis
Credo Technology Group Holding Ltd (CRDO) currently trades at $112.33, while our model-based Fair Value estimate is $112.64, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $127.00 per share, and 2 of the 24 models we run sit above the $112.33 price.
Bear case: the Economic Profit group reads lowest at $18.58, and 22 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $65.60 (bear) to $158.78 (bull), the price of $112.33 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Credo Technology Group Holding Ltd reported revenue of $1.3B in FY2026 versus $106M in FY2022, a compound +88.2%/yr. Reported net income was $472M in FY2026.
Key figures
Market cap $32.2B Large · P/E ratio 39.8 · P/S ratio 12.9 · EPS (TTM) $2.82 · Net margin 33.8% · Return on equity 30.7% · Return on assets (EBIT) 1.3% · Operating margin 25.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (medium confidence).
What moves the price
The share trades about 63% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 0%, CRDO screens cheaper than that median.
Fair Value models
Bear$65.60Fair Value $112.64Bull$158.78
Price $112.33 · Upside +0.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then ($1.47 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 9 officers or directors sold shares worth $218.4M and none bought.
SaleChi Fung ChengChief Technology Officer, Director39× since Dec 8, 2025: 1,131,036 shares, avg. $172.88$195.5MOct 27, 2026
SaleWilliam Joseph BrennanPres & Chief Executive Officer, Director8× since Dec 11, 2025: 324,600 shares, avg. $149.58$48.6MOct 19, 2026
SalePantas SutardjaDirector2× since Jan 30, 2026: 3,415 shares, avg. $166.35$568,075Oct 12, 202610b5-1 plan
SaleDaniel W. FlemingChief Financial Officer6× since Jan 7, 2026: 76,222 shares, avg. $213.29$16.3MOct 8, 2026
SaleJames LaufmanChief Legal Officer, Secretary6× since Dec 24, 2025: 40,000 shares, avg. $188.27$7.5MOct 1, 2026
SaleYat Tung LamChief Operating Officer, Director7× since Dec 11, 2025: 737,799 shares, avg. $182.42$134.6MOct 1, 2026
SaleClyde HoseinDirector3,451 shares at $262.33$905,301Jul 1, 2026
SaleFariba DaneshDirector1,100 shares at $236.35$259,985Jun 9, 2026
SaleSylvia AcevedoDirector3× since Dec 5, 2025: 6,283 shares, avg. $185.15$1.2MJun 5, 2026
SaleManpreet KhairaDirector2,000 shares at $175.00$350,000Dec 8, 2025
Plus 33 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+205.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+93.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+86.8%
Start year 2021 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+70.8%
’20
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’22
’23
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’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−43.0% (2021) → 33.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+52.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +28.5% a year for the price and +48.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Strong margins and ROE support pricing power in active electrical cables for AI data centers, yet other moat factors lack clear signals and sustainability remains unproven over cycles.
Main risk: A small number of hyperscaler customers account for the vast majority of revenue, so any delay in their AI cluster buildouts, architectural changes or supplier switches could sharply reduce sales and margins.
Bull case: Credo could broaden its customer base across more hyperscalers and neoclouds while its optical roadmap including new active light cables captures additional content per GPU and maintains system-level differentiation.
Bear case: If one or two key hyperscalers pause deployments or adopt competing interconnect solutions from Broadcom or others, revenue could contract sharply and margins might compress as the company loses its dominant position in short-reach connectivity.
Credo dominates active electrical cables used in AI data centers, but MaxLinear’s recent comments flag rising competition at 1.6T speeds and slower near-term rollouts. Our models currently see the stock as overvalued. Will its optical roadmap shield margins and share, or will extreme customer concentration amplify any delays?
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Peer Groupⓘ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.Semiconductors · 371 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+0.3% · Above median
Profitability
Return on equity (12 months)30.7% · Top 25%
Return on assets20.6% · Top 25%
Net margin (12 months)33.8% · Top 25%
Operating margin (12 months)25.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)114.7% · Top 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Credo Technology Group Holding Ltd Fair Value". https://www.fairvalue-calculator.com/stock/CRDO
Frequently asked questions
Is Credo Technology Group Holding Ltd (CRDO) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $112.64 versus a price of $112.33, about +0% upside (fairly valued).
What is the fair value of CRDO?
Our model-based fair value for Credo Technology Group Holding Ltd is $112.64 (as of Nov 6, 2026), built from audited fundamentals. The current price: $112.33.
What is the quality score of CRDO?
Credo Technology Group Holding Ltd has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Credo Technology Group Holding Ltd (CRDO)?
Our model-based price target is the fair value of $112.64 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $65.60, optimistic scenario $158.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Credo Technology Group Holding Ltd stock forecast for 2026?
Our models put fair value at $112.64, about +0% upside versus a price of $112.33 (fairly valued). Cautious scenario $65.60, optimistic scenario $158.78. The calculation is refreshed regularly with new filings.
What is the revenue of Credo Technology Group Holding Ltd (CRDO)?
Credo Technology Group Holding Ltd reported trailing-twelve-month revenue of about $1.6B (latest available figure, as of Nov 6, 2026).
What growth is priced into Credo Technology Group Holding Ltd (CRDO)?
For today's price to be fair in a discounted-cash-flow model, Credo Technology Group Holding Ltd would have to grow free cash flow by +31.5 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +86.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of CRDO use?
Our models discount Credo Technology Group Holding Ltd at 11.5 %: a base by market capitalisation (large), damped by beta 3.25, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Credo Technology Group Holding Ltd that is +31.5 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Credo Technology Group Holding Ltd (CRDO) delivered so far?
Over the past 5 years revenue at Credo Technology Group Holding Ltd grew +86.8 % a year. The price currently implies +31.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Credo Technology Group Holding Ltd (CRDO) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Credo Technology Group Holding Ltd (+31.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Credo Technology Group Holding Ltd (CRDO)?
The free-cash-flow yield on the price is 1.92 %: that much free cash flow Credo Technology Group Holding Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Credo Technology Group Holding Ltd (CRDO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Credo Technology Group Holding Ltd it is $112.64 per share (as of Nov 6, 2026), against a price of $112.33. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Credo Technology Group Holding Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CRDO trades below its calculated fair value: price $112.33, fair value $112.64, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CRDO?
No. The price is what the market pays today ($112.33); the fair value is what the company's own numbers justify ($112.64). For Credo Technology Group Holding Ltd the two are $0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Credo Technology Group Holding Ltd worth?
The market values Credo Technology Group Holding Ltd at about $32.2B (market capitalisation, as of Nov 6, 2026). Per share that is $112.33; our models calculate a fair value of $112.64 per share.
What do the bullish and bearish scenarios say about CRDO?
Our models span a range for Credo Technology Group Holding Ltd: cautious scenario $65.60, base $112.64, optimistic $158.78 per share (as of Nov 6, 2026, price $112.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRDO?
Credo Technology Group Holding Ltd trades at a price-to-earnings ratio of 39.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $112.64 is built from several models across several years. Other multiples: P/B 15.6, P/S 20.3, EV/EBITDA 57.2.
How solid is the balance sheet of Credo Technology Group Holding Ltd (CRDO)?
Balance-sheet figures for Credo Technology Group Holding Ltd (as of Nov 6, 2026): return on equity 30.7%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is CRDO from its 52-week high?
Credo Technology Group Holding Ltd trades at $112.33, about 63% below its 52-week high of $302.52 and 28% above the low of $87.81 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $112.64 is for.
Which stocks are comparable to Credo Technology Group Holding Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Credo Technology Group Holding Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price $112.33, calculated fair value $112.64 (+0%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CRDO calculated?
We run Credo Technology Group Holding Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $112.64, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Credo Technology Group Holding Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Credo Technology Group Holding Ltd (CRDO)?
The closing price on Nov 5, 2026 was $112.33. Our model-based fair value is $112.64, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Credo Technology Group Holding Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($65.60 to $158.78) leaves room in how you read the outcome.
Key figures of Credo Technology Group Holding Ltd
How large is the market capitalisation of Credo Technology Group Holding Ltd (CRDO)?
The market capitalisation of Credo Technology Group Holding Ltd is $32.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Credo Technology Group Holding Ltd (CRDO)?
The price-to-sales ratio of Credo Technology Group Holding Ltd is 12.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Credo Technology Group Holding Ltd (CRDO)?
Earnings per share at Credo Technology Group Holding Ltd are $2.82 (price ÷ EPS = P/E 39.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Credo Technology Group Holding Ltd (CRDO)?
The net margin of Credo Technology Group Holding Ltd is 33.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Credo Technology Group Holding Ltd (CRDO)?
The return on equity (ROE) of Credo Technology Group Holding Ltd is 30.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Credo Technology Group Holding Ltd (CRDO)?
On an EBIT basis the return on assets of Credo Technology Group Holding Ltd is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Credo Technology Group Holding Ltd (CRDO)?
The operating margin of Credo Technology Group Holding Ltd is 25.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Credo Technology Group Holding Ltd (CRDO)?
Revenue at Credo Technology Group Holding Ltd is growing +115% versus a year earlier (3y avg +93.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Credo Technology Group Holding Ltd (CRDO)?
Earnings per share at Credo Technology Group Holding Ltd are growing +97.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Credo Technology Group Holding Ltd (CRDO) hold?
Credo Technology Group Holding Ltd holds more cash than debt, $1.1B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026