Valuation dashboard for Aehr Test Systems (AEHR) with P/E N/A, P/B 9.56, EV/EBITDA 863.3 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Aehr Test Systems, founded in 1977 and based in Fremont, California, specializes in the global provision of advanced burn-in and test systems for integrated circuits, encompassing logic, optical, and memory devices. Its extensive product lineup includes the ABTS and FOX-P families of test and burn-in solutions, complemented by specialized components such as the FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader.
What would it be worth at its usual multiples?
No valuation verdict: its earnings are in a dip and too few analysts cover it to know what normal earnings are.
Note: earnings per share over the last twelve months ($0.05) are far from the consensus for 2027 ($0.76); that is why this range uses expected earnings.
Analysis Summary
Aehr Test Systems reported revenue of $50.0M in the most recent fiscal year, growing at a 5-year CAGR of 24.7%.
Trailing-twelve-month margins: gross margin 40.6%, operating margin -5.5%, net margin 2.9%.
At $65.11 (closing price, November 3, 2026), AEHR trades at a P/E of 1,312.70 and an ROE of 1.20%. Market capitalisation stands at $2.1B.
Balance sheet quality for AEHR: debt-to-equity ratio of 0.04, current ratio of 7.15 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 1,312.70 |
| Price / Book | 9.56 |
| EV / EBITDA | 863.3 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| AEHR | Aehr Test Systems | $2.1B | 1,312.70 | 9.56 | 1.2% |
| TER | Teradyne, Inc. | $42.1B | 30.92 | 11.06 | 42.0% |
| FORM | FormFactor, Inc. | $7.6B | 44.40 | 6.41 | 15.8% |
| COHU | Cohu, Inc. | $2.4B | 3.00 | -2.9% | |
| NVDA | NVIDIA Corporation | $5.0T | 26.13 | 21.83 | 110.1% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | $2.1T | 23.00 | 8.37 | 41.2% |
| AVGO | Broadcom Inc. | $1.6T | 42.42 | 15.90 | 43.9% |
| 0YXG.L | Broadcom Inc. | $1.6T | 39.91 | 15.38 | 43.9% |
Price
| Price | $65.11 (closing price, November 3, 2026) |
| Market Cap | $2.1B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 1.20% |
| Return on Invested Capital | 1.88% |
| Return on Assets | 0.83% |
| Gross Margin | 40.57% |
| Operating Margin | -5.54% |
| Net Margin | 2.93% |
Related companies: TER · FORM · COHU · NVDA · TSM · AVGO · 0YXG.L · SKHY
Explore sector: Technology · Semiconductors
More sections of AEHR: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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