Question 1

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

Accepted Answer

Aehr Test Systems (AEHR) P/E ratio is 28.3× as of July 25, 2025. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Aehr Test Systems specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

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

Accepted Answer

Aehr Test Systems's P/E ratio of 28.3× is below its own 5-year average of 64.4× and below the sector median of 29.6×. That places the current reading at the 42th 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/E ratio range?

Accepted Answer

In the available daily series, Aehr Test Systems (AEHR) P/E ratio has ranged from a low of 1.6× in 2008 to a high of 334.9× in 2022. The 5-year average is 64.4× and the 5-year median is 36.9×.

Question 7

What was Aehr Test Systems's P/E ratio in 2024?

Accepted Answer

Aehr Test Systems (AEHR) P/E ratio at the end of 2024 was 10.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	−$3.91M	—	—	May 30, 2025
2024	$333.25M	$33.16M	10.1×	-54.4×	May 31, 2024
2023	$938.59M	$14.56M	64.5×	+40.5×	May 31, 2023
2022	$226.29M	$9.45M	23.9×	—	May 31, 2022
2021	$59.38M	−$2.03M	—	—	May 31, 2021
2020	$37.59M	−$2.80M	—	—	May 31, 2020
2019	$39.56M	−$5.24M	—	—	May 31, 2019
2018	$57.29M	$528.00K	108.5×	—	May 31, 2018
2017	$87.25M	−$5.65M	—	—	May 31, 2017
2016	—	−$6.79M	—	—	May 31, 2016
2015	$31.11M	−$6.65M	—	—	May 31, 2015
2014	$25.06M	$422.00K	59.4×	—	May 31, 2014
2013	$14.92M	−$3.42M	—	—	May 31, 2013
2012	$11.55M	−$3.39M	—	—	May 31, 2012
2011	$13.22M	−$3.37M	—	—	May 31, 2011
2010	$19.76M	−$481.00K	—	—	May 31, 2010
2009	$8.58M	−$29.97M	—	—	May 31, 2009
2008	$73.04M	$10.57M	6.9×	-12.6×	May 31, 2008
2007	$47.35M	$2.43M	19.5×	-41.5×	May 31, 2007
2006	$49.40M	$810.00K	61.0×	—	May 31, 2006
2005	$22.50M	−$4.87M	—	—	May 31, 2005
2004	$33.88M	−$3.96M	—	—	May 31, 2004
2003	$20.54M	−$4.54M	—	—	May 31, 2003
2002	$42.67M	−$5.27M	—	—	May 31, 2002


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P/E Ratio for Aehr Test Systems (AEHR)

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

Historical P/E Ratio for Aehr Test Systems (AEHR) from 2002 to 2025

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

Aehr Test Systems P/E Ratio by Year

Aehr Test Systems P/E Ratio 2024: 10.1×

Aehr Test Systems P/E Ratio 2023: 64.5×

Aehr Test Systems P/E Ratio 2022: 23.9×

Aehr Test Systems P/E Ratio 2018: 108.5×

Aehr Test Systems P/E Ratio 2014: 59.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Aehr Test Systems (AEHR) Key Financials

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

Historical P/E Ratio for Aehr Test Systems (AEHR) from 2002 to 2025

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

Aehr Test Systems P/E Ratio by Year

Aehr Test Systems P/E Ratio 2024: 10.1×

Aehr Test Systems P/E Ratio 2023: 64.5×

Aehr Test Systems P/E Ratio 2022: 23.9×

Aehr Test Systems P/E Ratio 2018: 108.5×

Aehr Test Systems P/E Ratio 2014: 59.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Aehr Test Systems's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

+What is Aehr Test Systems's historical P/E ratio range?

+What was Aehr Test Systems's P/E ratio in 2024?

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

Aehr Test Systems (AEHR) Key Financials