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Aehr Test Systems
NASDAQ:AEHR

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Aehr Test Systems
NASDAQ:AEHR
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Price: 97.36 USD 3.88% Market Closed
Market Cap: $3.1B

EV/EBITDA

-246
Current
781%
Cheaper
vs 3-y average 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
-246
=
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
-246
=
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 $-14.29 (115% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-115%
Maximum Upside
No Upside Scenarios
Average Downside
111%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -246 $97.36
0%
3-Year Average 36.1 $-14.29
-115%
5-Year Average 32.9 $-13.02
-113%
Industry Average 28.9 $-11.43
-112%
Country Average 14.4 $-5.68
-106%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$2.2B
/
Feb 2026
$-12.4m
=
-246
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
3B USD -246 -264
NL
ASML Holding NV
AEX:ASML
481.7B EUR 34.9 47.2
US
Lam Research Corp
NASDAQ:LRCX
332.3B USD 44.9 53.5
US
Applied Materials Inc
NASDAQ:AMAT
320.2B USD 36 40.8
US
Brooks Automation Inc
LSE:0HQ1
235.4B USD 5 887.2 -4 068.5
US
KLA Corp
NASDAQ:KLAC
237.6B USD 40.8 52.1
JP
Tokyo Electron Ltd
TSE:8035
20.9T JPY 30.3 41.5
JP
Advantest Corp
TSE:6857
20.3T JPY 45.9 70.2
US
Teradyne Inc
NASDAQ:TER
60.1B USD 73.4 108.4
JP
Disco Corp
TSE:6146
8.1T JPY 41.3 61.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
326.3B CNY 53.9 59.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Aehr Test Systems
NASDAQ:AEHR
Average EV/EBITDA: 628.9
Negative Multiple: -246
N/A N/A
NL
ASML Holding NV
AEX:ASML
34.9
17%
2.1
US
Lam Research Corp
NASDAQ:LRCX
44.9
26%
1.7
US
Applied Materials Inc
NASDAQ:AMAT
36
18%
2
US
B
Brooks Automation Inc
LSE:0HQ1
5 887.2
48%
122.7
US
KLA Corp
NASDAQ:KLAC
40.8
18%
2.3
JP
Tokyo Electron Ltd
TSE:8035
30.3
13%
2.3
JP
Advantest Corp
TSE:6857
45.9
36%
1.3
US
Teradyne Inc
NASDAQ:TER
73.4
38%
1.9
JP
Disco Corp
TSE:6146
41.3
16%
2.6
CN
NAURA Technology Group Co Ltd
SZSE:002371
53.9
N/A N/A
P/E Multiple
Earnings Growth PEG
US
Aehr Test Systems
NASDAQ:AEHR
Average P/E: 59.4
Negative Multiple: -264
N/A N/A
NL
ASML Holding NV
AEX:ASML
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
53.5
24%
2.2
US
Applied Materials Inc
NASDAQ:AMAT
40.8
20%
2
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 068.5 N/A N/A
US
KLA Corp
NASDAQ:KLAC
52.1
22%
2.4
JP
Tokyo Electron Ltd
TSE:8035
41.5
13%
3.2
JP
Advantest Corp
TSE:6857
70.2
50%
1.4
US
Teradyne Inc
NASDAQ:TER
108.4
44%
2.5
JP
Disco Corp
TSE:6146
61.8
16%
3.9
CN
NAURA Technology Group Co Ltd
SZSE:002371
59.1
N/A N/A

Market Distribution

Lower than 100% of companies in the United States of America
Percentile
0th
Based on 9 875 companies
0th percentile
-246
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 94%
Intrinsic Value
Price $97.36
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