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Advantest Valuation Multiples

Discover revenue and EBITDA valuation multiples for Advantest and similar public comparables like 4DS Memory, Besi, and ASM International.

Advantest Overview

About Advantest

Advantest Corp is a Japan-based company that manufactures and distributes semiconductor test systems and mechatronic products for applications in testing and measurement, healthcare, nanotechnology and other end markets. The firm's product portfolio includes integrated circuit test systems, e-beam lithography, scanning electron microscopy metrology, solid state drive test systems, terahertz spectroscopy, and other electronic measuring instruments. The firm has operations in Japan, the United States, Europe, Singapore, China, Taiwan, and Korea.


Founded

1954

HQ

Japan
Employees

4.9K+

Website

advantest.co.jp

Financials

LTM Revenue $5.5B

LTM EBITDA $1.9B

EV

$52.8B

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Advantest Financials

Advantest has a last 12-month revenue (LTM) of $5.5B and a last 12-month EBITDA of $1.9B.

In the most recent fiscal year, Advantest achieved revenue of $5.4B and an EBITDA of $1.8B.

Advantest expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Advantest P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $5.5B XXX $5.4B XXX XXX XXX
Gross Profit $3.2B XXX $3.1B XXX XXX XXX
Gross Margin 58% XXX 57% XXX XXX XXX
EBITDA $1.9B XXX $1.8B XXX XXX XXX
EBITDA Margin 34% XXX 33% XXX XXX XXX
EBIT $1.7B XXX $1.6B XXX XXX XXX
EBIT Margin 31% XXX 29% XXX XXX XXX
Net Profit $1.2B XXX $1.1B XXX XXX XXX
Net Margin 22% XXX 21% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Advantest Stock Performance

As of July 1, 2025, Advantest's stock price is JPY 10655 (or $74).

Advantest has current market cap of JPY 7.80T (or $53.9B), and EV of JPY 7.63T (or $52.8B).

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Advantest Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$52.8B $53.9B XXX XXX XXX XXX $1.65

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Advantest Valuation Multiples

As of July 1, 2025, Advantest has market cap of $53.9B and EV of $52.8B.

Advantest's trades at 10.8x EV/Revenue multiple, and 34.7x EV/EBITDA.

Equity research analysts estimate Advantest's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Advantest has a P/E ratio of 44.3x.

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Advantest Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $53.9B XXX $53.9B XXX XXX XXX
EV (current) $52.8B XXX $52.8B XXX XXX XXX
EV/Revenue 9.6x XXX 10.8x XXX XXX XXX
EV/EBITDA 27.9x XXX 34.7x XXX XXX XXX
EV/EBIT 31.2x XXX 39.8x XXX XXX XXX
EV/Gross Profit 16.5x XXX n/a XXX XXX XXX
P/E 44.3x XXX 57.1x XXX XXX XXX
EV/FCF 31.5x XXX 37.6x XXX XXX XXX

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Advantest Margins & Growth Rates

Advantest's last 12 month revenue growth is 10%

Advantest's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.3M for the same period.

Advantest's rule of 40 is 41% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Advantest's rule of X is 58% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Advantest Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 10% XXX 14% XXX XXX XXX
EBITDA Margin 34% XXX 31% XXX XXX XXX
EBITDA Growth 23% XXX 28% XXX XXX XXX
Rule of 40 41% XXX 41% XXX XXX XXX
Bessemer Rule of X XXX XXX 58% XXX XXX XXX
Revenue per Employee XXX XXX $1.1M XXX XXX XXX
Opex per Employee XXX XXX $0.3M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 28% XXX XXX XXX

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Advantest Public Comps

See public comps and valuation multiples for Semiconductors and Electronic Equipment comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
XXX XXX XXX XXX XXX XXX
ASM International XXX XXX XXX XXX XXX XXX
ASML XXX XXX XXX XXX XXX XXX
Besi XXX XXX XXX XXX XXX XXX
4DS Memory XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Advantest M&A and Investment Activity

Advantest acquired  XXX companies to date.

Last acquisition by Advantest was  XXXXXXXX, XXXXX XXXXX XXXXXX . Advantest acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Advantest

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Advantest

When was Advantest founded? Advantest was founded in 1954.
Where is Advantest headquartered? Advantest is headquartered in Japan.
How many employees does Advantest have? As of today, Advantest has 4.9K+ employees.
Who is the CEO of Advantest? Advantest's CEO is Mr. Douglas Lefever.
Is Advantest publicy listed? Yes, Advantest is a public company listed on TKS.
What is the stock symbol of Advantest? Advantest trades under 6857 ticker.
When did Advantest go public? Advantest went public in 1983.
Who are competitors of Advantest? Similar companies to Advantest include e.g. , ASM International, ASML, Besi.
What is the current market cap of Advantest? Advantest's current market cap is $53.9B
What is the current revenue of Advantest? Advantest's last 12 months revenue is $5.5B.
What is the current revenue growth of Advantest? Advantest revenue growth (NTM/LTM) is 10%.
What is the current EV/Revenue multiple of Advantest? Current revenue multiple of Advantest is 9.6x.
Is Advantest profitable? Yes, Advantest is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Advantest? Advantest's last 12 months EBITDA is $1.9B.
What is Advantest's EBITDA margin? Advantest's last 12 months EBITDA margin is 34%.
What is the current EV/EBITDA multiple of Advantest? Current EBITDA multiple of Advantest is 27.9x.
What is the current FCF of Advantest? Advantest's last 12 months FCF is $1.7B.
What is Advantest's FCF margin? Advantest's last 12 months FCF margin is 30%.
What is the current EV/FCF multiple of Advantest? Current FCF multiple of Advantest is 31.5x.

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