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Advantest Corp
XMUN:VAN

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Advantest Corp
XMUN:VAN
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Price: 151.18 EUR 1.61% Market Closed
Market Cap: €111.6B

P/E

70.2
Current
60%
More Expensive
vs 3-y average of 43.8

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
70.2
=
Market Cap
€20.8T
/
Net Income
¥288.5B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
70.2
=
Market Cap
€20.8T
/
Net Income
¥288.5B

Valuation Scenarios

Advantest Corp is trading above its 3-year average

If P/E returns to its 3-Year Average (43.8), the stock would be worth €94.23 (38% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-76%
Maximum Upside
No Upside Scenarios
Average Downside
55%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 70.2 €151.18
0%
3-Year Average 43.8 €94.23
-38%
5-Year Average 28.6 €61.57
-59%
Industry Average 35.7 €76.76
-49%
Country Average 17 €36.62
-76%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
€20.8T
/
Jan 2026
¥288.5B
=
70.2
Current
€20.8T
/
Mar 2026
¥336.4B
=
61.8
Forward
€20.8T
/
Mar 2027
¥453.2B
=
45.9
Forward
€20.8T
/
Mar 2028
¥541B
=
38.4
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
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Market Distribution

Lower than 100% of companies in Japan
Percentile
0th
Based on 5 185 companies
0th percentile
0.4
Low
0 — 13.1
Typical Range
13.1 — 23
High
23 —
Distribution Statistics
Japan
Min 0
30th Percentile 13.1
Median 17
70th Percentile 23
Max 7 956 708

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.

VAN Intrinsic Value
43.76 EUR
Overvaluation 71%
Intrinsic Value
Price €151.18
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