Aehr Test System Valuation Multiples

Aehr Test System Overview

About Aehr Test System

Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.

Founded

1977

HQ

Employees

136

Website

aehr.com

Sectors

SemiconductorsComputer HardwareDeepTech

Financials (LTM)

Revenue: $51M

Net Income: ($5M)

EV

$3B

Valuation Multiples

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Aehr Test System Financials

Aehr Test System reported last 12-month revenue of $51M.

In the same LTM period, Aehr Test System generated $19M in gross profit and had net loss of ($5M).

Aehr Test System P&L

In the most recent fiscal year, Aehr Test System reported revenue of $59M and EBITDA of ($1M).

Aehr Test System expects next 12-month revenue of XXX and NTM EBITDA of XXX

Aehr Test System Stock Performance

Aehr Test System has current market cap of $3B, and enterprise value of $3B.

Aehr Test System's stock price is $83.86.

Aehr Test System Valuation Multiples

Aehr Test System trades at 51.3x EV/Revenue multiple, and (1832.1x) EV/EBITDA.

Aehr Test System Financial Valuation Multiples

As of April 19, 2026, Aehr Test System has market cap of $3B and EV of $3B.

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

Aehr Test System has a P/E ratio of (574.8x).

Aehr Test System Margins & Growth Rates

Aehr Test System's revenue in the last 12 month grew by 59%.

Aehr Test System's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Aehr Test System's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Aehr Test System's rule of X is 77% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Aehr Test System Public Comps

See public comps and valuation multiples for other Semiconductors and Computer Hardware comps.

Aehr Test System M&A Activity

Aehr Test System acquired XXX companies to date.

Last acquisition by Aehr Test System was on XXXXXXXX, XXXXX. Aehr Test System acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Aehr Test System Investment Activity

Aehr Test System invested in XXX companies to date.

Aehr Test System made its latest investment on XXXXXXXX, XXXXX. Aehr Test System invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).