Obermatt

Aehr Test Systems

NAQ:AEHR · US00760J1088
Semiconductors & Semiconductor EquipmentSmall

360

5
Profit price100
Owner Earnings Yield1
Dividend Yield1
Price/Sales3
EV / Gross Profit2
Price/Book5
Return on Capital3
Cash Return on Capital10
Return on Equity9
EBIT Margin3
Gross Profitability17
Accruals59
Owner Earnings Margin6
Sales growth6
Profit Growth19
Long-Term EPS Growth70
Reinvestment15
Price momentum99
Debt load74
Refinancing31
Debt Payback1
Liquidity48
Analyst ratings60
Opinion Changes50
Price Target Upside1
Market mood56
Value Creation0/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Aehr Test Systems doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryUSA
IndustrySemiconductors & Semiconductor Equipment
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded1977
Employees90
Websiteaehr.com
ISINUS00760J1088
Last UpdateApr 2, 2026
Themes
Process AutomationDetectors, Sensors and MemsDSPHardwareManufacturingSoftware

Description

Aehr Test Systems, Inc. (‘Aehr’) provides test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form, and have installed thousands of systems worldwide. The applications includ…

Analysis

Weak and unloved

Aehr Test Systems, Inc. scores below average on quality and is priced accordingly, a low-conviction position in either direction.

Valuation data is not available for this company.

Growth is moderate; the safety picture is stretched. The company scores 0/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
4
2023202420252026

All-time high

85

Jan 2024

All-time low

4

Jun 2026

Average rank

40

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
41
18
40
Price/Earnings
1
7
56
61
Price/Book
5
53
8
8
Dividend Yield
1
1
1
1
Value (overall)
1
12
7
13

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →