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Description
Teradyne, Inc. (Teradyne) is a major global provider of automated test equipment and robotics solutions.
Teradyne's automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics s…
Analysis
Hope premium
Teradyne, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 78.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 25% a year, against analyst forecasts of 29%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202365
85
2023202420252026
All-time high
90
Mar 2026
All-time low
47
Jan 2024
Average rank
72
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
28
19
26
28
Price/Earnings
30
20
29
50
Price/Book
24
17
19
15
Dividend Yield
77
75
71
77
Value (overall)
56
34
15
29
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.