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Aehr Test Systems
NASDAQ:AEHR

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Aehr Test Systems
NASDAQ:AEHR
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Price: 83.86 USD 3.72% Market Closed
Market Cap: $2.6B

EV/EBITDA

-211.5
Current
686%
Cheaper
vs 3-y median of 36.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-211.5
=
Enterprise Value
$2.2B
/
EBITDA
$-12.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-211.5
=
Enterprise Value
$2.2B
/
EBITDA
$-12.4m

Valuation Scenarios

Aehr Test Systems is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (36.1), the stock would be worth $-14.32 (117% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-117%
Maximum Upside
No Upside Scenarios
Average Downside
113%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -211.5 $83.86
0%
3-Year Average 36.1 $-14.32
-117%
5-Year Average 32.9 $-13.05
-116%
Industry Average 28.9 $-11.46
-114%
Country Average 14.4 $-5.69
-107%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$2.2B
/
Feb 2026
$-12.4m
=
-211.5
Current
$2.2B
/
May 2026
$-4.8m
=
-450.5
Forward
$2.2B
/
May 2027
$6.3m
=
346.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Aehr Test Systems
NASDAQ:AEHR
2.6B USD -211.5 -227.4
NL
ASML Holding NV
AEX:ASML
479.5B EUR 34.8 46.9
US
Lam Research Corp
NASDAQ:LRCX
334.8B USD 45.3 53.9
US
Applied Materials Inc
NASDAQ:AMAT
315B USD 35.4 40.2
US
KLA Corp
NASDAQ:KLAC
234.9B USD 40.3 51.5
US
Brooks Automation Inc
LSE:0HQ1
215.7B USD 5 649.7 -3 904.6
JP
Advantest Corp
TSE:6857
20.2T JPY 44.5 68.2
JP
Tokyo Electron Ltd
TSE:8035
20.2T JPY 29.3 40.1
US
Teradyne Inc
NASDAQ:TER
59.4B USD 72.5 107.1
CN
NAURA Technology Group Co Ltd
SZSE:002371
340.3B CNY 49.2 54.1
JP
Disco Corp
TSE:6146
7.9T JPY 40.2 60.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Aehr Test Systems
NASDAQ:AEHR
Average EV/EBITDA: 604.1
Negative Multiple: -211.5
N/A N/A
NL
ASML Holding NV
AEX:ASML
34.8
17%
2
US
Lam Research Corp
NASDAQ:LRCX
45.3
26%
1.7
US
Applied Materials Inc
NASDAQ:AMAT
35.4
18%
2
US
KLA Corp
NASDAQ:KLAC
40.3
18%
2.2
US
B
Brooks Automation Inc
LSE:0HQ1
5 649.7
48%
117.7
JP
Advantest Corp
TSE:6857
44.5
36%
1.2
JP
Tokyo Electron Ltd
TSE:8035
29.3
13%
2.3
US
Teradyne Inc
NASDAQ:TER
72.5
38%
1.9
CN
NAURA Technology Group Co Ltd
SZSE:002371
49.2
32%
1.5
JP
Disco Corp
TSE:6146
40.2
16%
2.5
P/E Multiple
Earnings Growth PEG
US
Aehr Test Systems
NASDAQ:AEHR
Average P/E: 58
Negative Multiple: -227.4
N/A N/A
NL
ASML Holding NV
AEX:ASML
46.9
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
53.9
24%
2.2
US
Applied Materials Inc
NASDAQ:AMAT
40.2
20%
2
US
KLA Corp
NASDAQ:KLAC
51.5
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 904.6 N/A N/A
JP
Advantest Corp
TSE:6857
68.2
50%
1.4
JP
Tokyo Electron Ltd
TSE:8035
40.1
13%
3.1
US
Teradyne Inc
NASDAQ:TER
107.1
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
54.1
30%
1.8
JP
Disco Corp
TSE:6146
60.2
16%
3.8

Market Distribution

Lower than 100% of companies in the United States of America
Percentile
0th
Based on 9 875 companies
0th percentile
-211.5
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Aehr Test Systems
Glance View

Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. The company is headquartered in Fremont, California and currently employs 79 full-time employees. The firm manufactures and markets full wafer contact test systems, test during burn-in systems, test fixtures and related accessories. The Company’s principal products are the Advanced Burn-In and Test System (ABTS), the FOX full wafer contact parallel test and burn-in systems, the MAX burn-in system, the WaferPak full wafer contactor, the DiePak carrier and test fixtures. The company develops, manufactures and sell systems, which are designed to perform reliability screening and stress testing, burn-in or cycling, of homogeneous and heterogenous logic and memory integrated circuits (ICs) sensors and optical devices. These systems can be used to simultaneously perform parallel testing and burn-in of packaged ICs, singulated bare die or ICs still in wafer form.

AEHR Intrinsic Value
6.33 USD
Overvaluation 92%
Intrinsic Value
Price $83.86
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