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Canaan Inc (CAN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Canaan Inc $0.31, price $0.39, upside -18.6%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · US · ISIN US1347481020

CI Canaan Inc logo Thin data Sep 23, 2026

Canaan Inc

CAN · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $0.3145 · Overvalued (−19%)
!Quality 42/100
!Weak Growth (revenue 3y −50.9 %/yr)
!Loss-making · -41.7% net margin (TTM)
!negative free cash flow
!Trails peers (3/9)
!Narrow moat 5/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 9 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$10.70 $0.1700 Fair Value $0.3145 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.1700 – $10.70 · fair‑value band $0.2040 – $0.3910 · the $0.3864 price screens above the $0.3145 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business.

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Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

Stock analysis

Canaan Inc (CAN) currently trades at $0.3864, while our model-based Fair Value estimate is $0.3145, implying the stock looks roughly 22.9% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.2040 (bear) to $0.3910 (bull), the price of $0.3864 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 42/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Canaan Inc reported revenue of $530M in FY2025 versus $4.9B in FY2021, a compound −42.7%/yr. Reported net income was −$210M in FY2025.

Key figures

Market cap $245M · P/S ratio 0.48 · EPS (TTM) $−0.3100 · Net margin −39.7% · Return on equity −67.9% · Return on assets (EBIT) −22.6% · Operating margin −87.0% · Revenue (TTM) $510M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).

What moves the price

The share trades about 81% below its 52-week high and 127% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at −19%, CAN screens cheaper than that median.

Fair Value models

Bear $0.2040 Fair Value $0.3145 Bull $0.3910
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
NCAV (Graham) $0.3000 $0.4000 $0.6000 51
All 1 models by family
Asset-Based
NCAV (Graham) $0.3000 $0.4000 $0.6000 51

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Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 16

Profitability 15
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+96.7%
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.
−50.9%
Revenue growth 8 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.
−10.8%
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.
−53.6% (2020) → −21.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

CAN screens 23% overvalued. Compare with Dell Technologies Inc →

Recent news

News mood ⓘNews mood, the average tone of recent news (97 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. Negative
Recent news coverage is more negative than average.

Compare Canaan Inc with another stock

Price, fair value, quality and upside side by side.

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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.Computer Hardware · 220 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside −19% · Above median
Profitability
Return on assets −14% · Bottom 25%
Net margin (TTM) −42% · Bottom 25%
Operating margin (TTM) −87% · Bottom 25%
Growth and dividend
Revenue growth −24% · Bottom 25%

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 0.56× · Cheapest 25%
P/S (TTM) 0.48× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)9 · sector 0
FUTURE (revenue growth)0 · sector 59
PAST (return on equity)0 · sector 26
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 40

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

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Dell Technologies Inc DELL $548.92 $195.72 −64%
Arista Networks, Inc ANET $205.19 $161.72 −21%
Western Digital Corporation WDC $464.60 $53.53 −88%
Wiwynn Corporation 6669 2,115 TWD 1,065 TWD −50%
Hangzhou Hikvision Digital Technology Co 002415 ¥33.18 ¥46.76 +41%
Quanta Computer Inc 2382 338.50 TWD 228.14 TWD −33%
Lenovo Group 0992 HK$36.92 HK$33.70 −9%
Dawning Information Industry Co 603019 ¥84.67 ¥35.54 −58%
Everpure, Inc P $110.89 $51.46 −54%
HP Inc HPQ $32.04 $51.90 +62%

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Canaan Inc · Fair Value
$0.3145 −23%Fair Value
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Cite: Fair Value Calculator (2026). "Canaan Inc Fair Value". https://www.fairvalue-calculator.com/stock/CAN

Frequently asked questions

Is Canaan Inc (CAN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.3145 versus a price of $0.3864, about −19% upside (overvalued).
What is the fair value of CAN?
Our model-based fair value for Canaan Inc is $0.3145 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.3864.
What is the quality score of CAN?
Canaan Inc has a Quality Score of 42/100. 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 Canaan Inc (CAN)?
Our model-based price target is the fair value of $0.3145 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $0.2040, optimistic scenario $0.3910. It is a calculation from audited fundamentals, not an analyst target.
What is the Canaan Inc stock forecast for 2026?
Our models put fair value at $0.3145, about −19% upside versus a price of $0.3864 (overvalued). Cautious scenario $0.2040, optimistic scenario $0.3910. The calculation is refreshed regularly with new filings.
What is the revenue of Canaan Inc (CAN)?
Canaan Inc reported trailing-twelve-month revenue of about $510M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Canaan Inc (CAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Canaan Inc it is $0.3145 per share (as of Sep 23, 2026), against a price of $0.3864. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Canaan Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CAN trades above its calculated fair value: price $0.3864, fair value $0.3145, a gap of about −19% (overvalued). 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 CAN?
No. The price is what the market pays today ($0.3864); the fair value is what the company's own numbers justify ($0.3145). For Canaan Inc the two are $0.0719 per share apart. That gap is exactly why we show both numbers side by side.
How much is Canaan Inc worth?
The market values Canaan Inc at about $245M (market capitalisation, as of Sep 23, 2026). Per share that is $0.3864; our models calculate a fair value of $0.3145 per share.
What do the bullish and bearish scenarios say about CAN?
Our models span a range for Canaan Inc: cautious scenario $0.2040, base $0.3145, optimistic $0.3910 per share (as of Sep 23, 2026, price $0.3864). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Canaan Inc (CAN)?
Balance-sheet figures for Canaan Inc (as of Sep 23, 2026): return on equity −67.9%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is CAN from its 52-week high?
Canaan Inc trades at $0.3864, about 81% below its 52-week high of $2.05 and 127% above the low of $0.1700 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3145 is for.
Which stocks are comparable to Canaan Inc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 Canaan Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $0.3864, calculated fair value $0.3145 (−19%), Quality Score 42/100, from 1 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 CAN calculated?
We run Canaan Inc through 1 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 $0.3145, 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 14.1 % above its aggregate fair value. Canaan Inc 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 Canaan Inc (CAN)?
The closing price on Sep 23, 2026 was $0.3864. Our model-based fair value is $0.3145, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Canaan Inc right now?
Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($0.2040 to $0.3910) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Canaan Inc

How large is the market capitalisation of Canaan Inc (CAN)?
The market capitalisation of Canaan Inc is $245M. 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 Canaan Inc (CAN)?
The price-to-sales ratio of Canaan Inc is 0.48 (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 Canaan Inc (CAN)?
Earnings per share at Canaan Inc are $−0.3100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Canaan Inc (CAN)?
The net margin of Canaan Inc is −39.7% (fiscal year 2025). 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 Canaan Inc (CAN)?
The return on equity (ROE) of Canaan Inc is −67.9% (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 Canaan Inc (CAN)?
On an EBIT basis the return on assets of Canaan Inc is −22.6% (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 Canaan Inc (CAN)?
The operating margin of Canaan Inc is −87.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Canaan Inc (CAN)?
Revenue at Canaan Inc is growing −24.3% versus a year earlier (3y avg −50.9%). 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 Canaan Inc (CAN)?
Earnings per share at Canaan Inc are growing −91.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Canaan Inc (CAN) generate?
The free cash flow of Canaan Inc is −$308M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Canaan Inc (CAN) hold?
Canaan Inc holds more cash than debt, $25.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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