Question 1

What is Aehr Test Systems's P/B ratio?

Accepted Answer

Aehr Test Systems (AEHR) P/B ratio is 10.8× as of July 27, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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 P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Aehr Test Systems?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Aehr Test Systems specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

Is Aehr Test Systems's P/B ratio high or low?

Accepted Answer

Aehr Test Systems's P/B ratio of 10.8× is above its own 5-year average of 8.0× and above the sector median of 5.8×. That places the current reading at the 64th 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 P/B ratio range?

Accepted Answer

In the available daily series, Aehr Test Systems (AEHR) P/B ratio has ranged from a low of 0.4× in 2008 to a high of 66.4× in 2017. The 5-year average is 8.0× and the 5-year median is 7.6×.

Question 7

What was Aehr Test Systems's P/B ratio in 2026?

Accepted Answer

Aehr Test Systems (AEHR) P/B ratio at the end of 2026 was 12.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Aehr Test Systems's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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.


2026	$2.83B	$220M	12.9×	+10.6×	May 29, 2026
2025	$285M	$123M	2.3×	-0.7×	May 30, 2025
2024	$333M	$112M	3.0×	-9.4×	May 31, 2024
2023	$939M	$75.6M	12.4×	+8.0×	May 31, 2023
2022	$226M	$51M	4.4×	-0.7×	May 31, 2022
2021	$59.4M	$11.4M	5.2×	+2.5×	May 31, 2021
2020	$37.6M	$14.1M	2.7×	+0.1×	May 31, 2020
2019	$39.6M	$15.5M	2.6×	-0.4×	May 31, 2019
2018	$57.3M	$19.3M	3.0×	-2.2×	May 31, 2018
2017	$87.2M	$16.8M	5.2×	—	May 31, 2017
2016	—	—	—	—	May 31, 2016
2015	$31.1M	$4.57M	6.8×	+3.3×	May 31, 2015
2014	$25.1M	$7.05M	3.6×	+0.6×	May 31, 2014
2013	$14.9M	$5.01M	3.0×	+1.2×	May 31, 2013
2012	$11.6M	$6.45M	1.8×	+0.3×	May 31, 2012
2011	$13.2M	$9.1M	1.5×	-0.3×	May 31, 2011
2010	$19.8M	$11.3M	1.8×	+0.9×	May 31, 2010
2009	$8.58M	$9.96M	0.9×	-1.1×	May 31, 2009
2008	$73M	$37.8M	1.9×	-0.2×	May 31, 2008
2007	$47.4M	$22.7M	2.1×	-0.5×	May 31, 2007
2006	$49.4M	$18.8M	2.6×	+1.3×	May 31, 2006
2005	$22.5M	$17.5M	1.3×	-0.2×	May 31, 2005
2004	$33.9M	$22.2M	1.5×	+0.7×	May 31, 2004
2003	$20.5M	$25.3M	0.8×	-0.6×	May 31, 2003
2002	$42.7M	$29.9M	1.4×	—	May 31, 2002


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P/B Ratio for Aehr Test Systems (AEHR) 2002-2026

P/B Ratio daily chart for Aehr Test Systems (AEHR)

Historical P/B Ratio for Aehr Test Systems (AEHR) from 2002 to 2026

About P/B Ratio at Aehr Test Systems (AEHR)

Aehr Test Systems P/B Ratio by Year

Aehr Test Systems P/B Ratio 2026: 12.9×

Aehr Test Systems P/B Ratio 2025: 2.3×

Aehr Test Systems P/B Ratio 2024: 3.0×

Aehr Test Systems P/B Ratio 2023: 12.4×

Aehr Test Systems P/B Ratio 2022: 4.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Aehr Test Systems (AEHR) Key Financials