Advantest Corp
XMUN:VAN
EV/EBITDA
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.
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.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (27.6), the stock would be worth €87.94 (33% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 41.2 | €131.18 |
0%
|
| 3-Year Average | 27.6 | €87.94 |
-33%
|
| 5-Year Average | 17.2 | €54.66 |
-58%
|
| Industry Average | 14.3 | €45.49 |
-65%
|
| Country Average | 8.7 | €27.57 |
-79%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
€20.5T
|
/ |
Jan 2026
¥434.9B
|
= |
|
|
€20.5T
|
/ |
Mar 2026
¥471.1B
|
= |
|
|
€20.5T
|
/ |
Mar 2027
¥599.2B
|
= |
|
|
€20.5T
|
/ |
Mar 2028
¥683.8B
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| JP |
|
Advantest Corp
XMUN:VAN
|
18.2T EUR | 41.2 | 63.3 | |
| NL |
|
ASML Holding NV
AEX:ASML
|
463.3B EUR | 36.8 | 48.2 | |
| US |
|
Lam Research Corp
NASDAQ:LRCX
|
281.2B USD | 38 | 45.2 | |
| US |
|
Applied Materials Inc
NASDAQ:AMAT
|
277.3B USD | 31.1 | 35.4 | |
| US |
|
KLA Corp
NASDAQ:KLAC
|
194.4B USD | 33.4 | 42.7 | |
| US |
B
|
Brooks Automation Inc
LSE:0HQ1
|
193.3B USD | 4 832.9 | -3 341.1 | |
| JP |
|
Tokyo Electron Ltd
TSE:8035
|
18.5T JPY | 26.8 | 36.7 | |
| JP |
|
Disco Corp
TSE:6146
|
7.7T JPY | 38.9 | 58.4 | |
| CN |
|
NAURA Technology Group Co Ltd
SZSE:002371
|
329.3B CNY | 48.4 | 53.1 | |
| US |
|
Teradyne Inc
NASDAQ:TER
|
46.8B USD | 57.2 | 84.5 | |
| NL |
|
ASM International NV
AEX:ASM
|
34B EUR | 27.6 | 43.2 |
Market Distribution
| Min | 0.1 |
| 30th Percentile | 6.7 |
| Median | 8.7 |
| 70th Percentile | 12.2 |
| Max | 214 699 781.2 |
Other Multiples
Advantest Corp
Glance View
In the bustling world of semiconductor production, Advantest Corp. has carved out a significant niche for itself as a leading provider of semiconductor test equipment. Founded in Japan’s capital, Tokyo, Advantest has risen to prominence by arming chip manufacturers with the essential tools required to ensure their products meet rigorous standards before reaching the market. The company's core business surrounds the design, production, and marketing of automatic test equipment (ATE) for semiconductors, which are indispensable in verifying the performance and reliability of integrated circuits. As the demand for electronics continues to surge globally, fueled by sectors such as mobile technology, automotive electronics, and data centers, Advantest’s role as a gatekeeper in semiconductor quality remains ever crucial. Advantest's financial model thrives on the backbone of innovation and cutting-edge technology. The firm invests heavily in research and development, continuously seeking advancements that will speed up testing times and reduce costs, thereby providing a competitive edge to their clients in the semiconductor industry. Revenue streams primarily flow from the sale of these advanced testing machines, which are crucial for tech giants as they race to shrink chip sizes while increasing computing power. With its global presence, Advantest not only supplies these high-tech tools but also offers associated services and support, further solidifying its relationships within the intricate semiconductor supply chain, ensuring that as technology evolves, so does their foothold in the marketplace.