Question 1

What is Aehr Test Systems's EV/EBITDA ratio?

Accepted Answer

Aehr Test Systems (AEHR) EV/EBITDA ratio is 136.6× as of July 25, 2025. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Aehr Test Systems?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Aehr Test Systems specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

Is Aehr Test Systems's EV/EBITDA ratio high or low?

Accepted Answer

Aehr Test Systems's EV/EBITDA ratio of 136.6× is above its own 5-year average of 64.4× and above the sector median of 19.8×. That places the current reading at the 93th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Aehr Test Systems's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Aehr Test Systems (AEHR) EV/EBITDA ratio has ranged from a low of 0.4× in 2008 to a high of 230.7× in 2022. The 5-year average is 64.4× and the 5-year median is 55.6×.

Question 7

What was Aehr Test Systems's EV/EBITDA ratio in 2024?

Accepted Answer

Aehr Test Systems (AEHR) EV/EBITDA ratio at the end of 2024 was 21.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Aehr Test Systems's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$284.51M	−$903.00K	—	—	May 30, 2025
2024	$333.25M	$13.48M	21.5×	-38.0×	May 31, 2024
2023	$938.59M	$15.07M	59.5×	+39.7×	May 31, 2023
2022	$226.29M	$9.86M	19.9×	—	May 31, 2022
2021	$59.38M	−$1.85M	—	—	May 31, 2021
2020	$37.59M	−$2.37M	—	—	May 31, 2020
2019	$39.56M	−$4.53M	—	—	May 31, 2019
2018	$57.29M	$1.27M	36.6×	—	May 31, 2018
2017	$87.25M	−$4.68M	—	—	May 31, 2017
2016	—	−$5.97M	—	—	May 31, 2016
2015	$31.11M	−$6.45M	—	—	May 31, 2015
2014	$25.06M	$604.00K	39.8×	—	May 31, 2014
2013	$14.92M	−$3.07M	—	—	May 31, 2013
2012	$11.55M	−$3.82M	—	—	May 31, 2012
2011	$13.22M	−$3.61M	—	—	May 31, 2011
2010	$19.76M	−$3.35M	—	—	May 31, 2010
2009	$8.58M	−$24.56M	—	—	May 31, 2009
2008	$73.04M	$6.29M	9.1×	-18.4×	May 31, 2008
2007	$47.35M	$1.37M	27.5×	-20.8×	May 31, 2007
2006	$49.40M	$795.00K	48.3×	—	May 31, 2006
2005	$22.50M	−$4.65M	—	—	May 31, 2005
2004	$33.88M	−$4.13M	—	—	May 31, 2004
2003	$20.54M	−$4.14M	—	—	May 31, 2003
2002	$42.67M	−$3.76M	—	—	May 31, 2002


Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
NetApp (NTAP)	10.6×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Corpay (CPAY)	8.5×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Cognizant (CTSH)	7.2×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×
Optical Cable (OCC)	-0.0×

EV/EBITDA for Aehr Test Systems (AEHR)

EV/EBITDA daily chart for Aehr Test Systems (AEHR)

Historical EV/EBITDA for Aehr Test Systems (AEHR) from 2002 to 2025

About EV/EBITDA at Aehr Test Systems (AEHR)

Aehr Test Systems EV/EBITDA by Year

Aehr Test Systems EV/EBITDA 2024: 21.5×

Aehr Test Systems EV/EBITDA 2023: 59.5×

Aehr Test Systems EV/EBITDA 2022: 19.9×

Aehr Test Systems EV/EBITDA 2018: 36.6×

Aehr Test Systems EV/EBITDA 2014: 39.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Aehr Test Systems (AEHR) Key Financials

EV/EBITDA daily chart for Aehr Test Systems (AEHR)

Historical EV/EBITDA for Aehr Test Systems (AEHR) from 2002 to 2025

About EV/EBITDA at Aehr Test Systems (AEHR)

Aehr Test Systems EV/EBITDA by Year

Aehr Test Systems EV/EBITDA 2024: 21.5×

Aehr Test Systems EV/EBITDA 2023: 59.5×

Aehr Test Systems EV/EBITDA 2022: 19.9×

Aehr Test Systems EV/EBITDA 2018: 36.6×

Aehr Test Systems EV/EBITDA 2014: 39.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Aehr Test Systems's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Aehr Test Systems?

+Is Aehr Test Systems's EV/EBITDA ratio high or low?

+What is Aehr Test Systems's historical EV/EBITDA ratio range?

+What was Aehr Test Systems's EV/EBITDA ratio in 2024?

+Why does Aehr Test Systems's EV/EBITDA ratio change over time?

Aehr Test Systems (AEHR) Key Financials