Question 1

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

Accepted Answer

Aehr Test Systems (AEHR) P/S ratio is 73.6× as of June 12, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Aehr Test Systems specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

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

Accepted Answer

Aehr Test Systems's P/S ratio of 73.6× is above its own 5-year average of 10.3× and above the sector median of 6.0×. That places the current reading at the 100th 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/S ratio range?

Accepted Answer

In the available daily series, Aehr Test Systems (AEHR) P/S ratio has ranged from a low of 0.3× in 2009 to a high of 79.1× in 2026. The 5-year average is 10.3× and the 5-year median is 8.5×.

Question 7

What was Aehr Test Systems's P/S ratio in 2025?

Accepted Answer

Aehr Test Systems (AEHR) P/S ratio at the end of 2025 was 4.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$58.97M	4.8×	-0.2×	May 30, 2025
2024	$333.25M	$66.22M	5.0×	-9.4×	May 31, 2024
2023	$938.59M	$64.96M	14.4×	+10.0×	May 31, 2023
2022	$226.29M	$50.83M	4.5×	+0.9×	May 31, 2022
2021	$59.38M	$16.60M	3.6×	+1.9×	May 31, 2021
2020	$37.59M	$22.29M	1.7×	-0.2×	May 31, 2020
2019	$39.56M	$21.06M	1.9×	-0.1×	May 31, 2019
2018	$57.29M	$29.55M	1.9×	-2.7×	May 31, 2018
2017	$87.25M	$18.90M	4.6×	—	May 31, 2017
2016	—	$14.50M	—	—	May 31, 2016
2015	$31.11M	$10.02M	3.1×	+1.8×	May 31, 2015
2014	$25.06M	$19.68M	1.3×	+0.4×	May 31, 2014
2013	$14.92M	$16.49M	0.9×	+0.2×	May 31, 2013
2012	$11.55M	$15.52M	0.7×	-0.2×	May 31, 2012
2011	$13.22M	$13.74M	1.0×	-0.7×	May 31, 2011
2010	$19.76M	$11.67M	1.7×	+1.3×	May 31, 2010
2009	$8.58M	$21.41M	0.4×	-1.5×	May 31, 2009
2008	$73.04M	$39.04M	1.9×	+0.1×	May 31, 2008
2007	$47.35M	$27.35M	1.7×	-0.3×	May 31, 2007
2006	$49.40M	$23.80M	2.1×	+0.7×	May 31, 2006
2005	$22.50M	$16.08M	1.4×	-0.7×	May 31, 2005
2004	$33.88M	$15.80M	2.1×	+0.8×	May 31, 2004
2003	$20.54M	$15.09M	1.4×	-2.0×	May 31, 2003
2002	$42.67M	$12.57M	3.4×	—	May 31, 2002


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P/S Ratio for Aehr Test Systems (AEHR)

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

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

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

Aehr Test Systems P/S Ratio by Year

Aehr Test Systems P/S Ratio 2025: 4.8×

Aehr Test Systems P/S Ratio 2024: 5.0×

Aehr Test Systems P/S Ratio 2023: 14.4×

Aehr Test Systems P/S Ratio 2022: 4.5×

Aehr Test Systems P/S Ratio 2021: 3.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Aehr Test Systems (AEHR) Key Financials

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

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

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

Aehr Test Systems P/S Ratio by Year

Aehr Test Systems P/S Ratio 2025: 4.8×

Aehr Test Systems P/S Ratio 2024: 5.0×

Aehr Test Systems P/S Ratio 2023: 14.4×

Aehr Test Systems P/S Ratio 2022: 4.5×

Aehr Test Systems P/S Ratio 2021: 3.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

+What was Aehr Test Systems's P/S ratio in 2025?

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

Aehr Test Systems (AEHR) Key Financials