AEHR

Aehr Test Systems, Inc.

Technology · USD

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54.89 USD -6.32 -10.33%
As of Oct 30, 2026 Extended hours 55.11 +0.40%
Bid
54.88 × 2
Ask
54.91 × 2
51.72 Day range 58.00
19.40 52-week range 145.61
YTD
+171.87%
1 year
+118.69%
Open
54.90
Prev close
61.21
Mkt cap
1.79B
Vol
2.67M
Avg vol
2.58M
EPS
-0.23
P/E
0.00
Div yield
0.00%
More statistics
Low
51.72
High
58.00
Forward P/E
39.92
Beta
3.48
Short ratio
2.24
Inst. own
76.88%
Dividend
0.00
Ex-div date
Earnings
Nov 2, 2026
50-d avg
84.69
200-d avg
74.26
1y target
128.00

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AEHR five-day price chart51.755.158.561.965.3Oct 26Oct 27Oct 28Oct 29Oct 30

Financial health

Altman Z-Score

40.26 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

3 / 9 Weak

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

C2 / 5 overall

  • DCF 2
  • Return on Equity 1
  • Return on Assets 1
  • Debt / Equity 4
  • P/E 1
  • P/B 1

Valuation

P/E -401×
FY 2017: -13.1×FY 2018: 130×FY 2019: -7.5×FY 2020: -13.6×FY 2021: -29.1×FY 2022: 23.3×FY 2023: 63.5×FY 2024: 10.0×FY 2025: -73.4×FY 2026: -401×
FY 2017 5y median 10.0× FY 2026
P/S 56.6×
FY 2017: 3.9×FY 2018: 1.9×FY 2019: 1.9×FY 2020: 1.7×FY 2021: 3.5×FY 2022: 4.3×FY 2023: 14.1×FY 2024: 5.0×FY 2025: 4.8×FY 2026: 56.6×
FY 2017 5y median 5.0× FY 2026
P/B 12.9×
FY 2017: 4.4×FY 2018: 2.9×FY 2019: 2.5×FY 2020: 2.6×FY 2021: 5.1×FY 2022: 4.3×FY 2023: 12.1×FY 2024: 3.0×FY 2025: 2.3×FY 2026: 12.9×
FY 2017 5y median 4.3× FY 2026
P/FCF -527×
FY 2017: -15.0×FY 2018: -29.4×FY 2019: -6.7×FY 2020: -17.1×FY 2021: -20.1×FY 2022: 200×FY 2023: 106×FY 2024: 329×FY 2025: -22.8×FY 2026: -527×
FY 2017 5y median 106× FY 2026
EV/EBITDA -332×
FY 2017: -13.4×FY 2018: 36.0×FY 2019: -7.5×FY 2020: -15.0×FY 2021: -32.0×FY 2022: 19.0×FY 2023: 59.3×FY 2024: 20.9×FY 2025: -297×FY 2026: -332×
FY 2017 5y median 19.0× FY 2026
EV/Sales 54.5×
FY 2017: 3.3×FY 2018: 1.5×FY 2019: 1.6×FY 2020: 1.6×FY 2021: 3.6×FY 2022: 3.7×FY 2023: 13.8×FY 2024: 4.4×FY 2025: 4.5×FY 2026: 54.5×
FY 2017 5y median 4.5× FY 2026
FCF Yield -0.2%
FY 2017: -6.7%FY 2018: -3.4%FY 2019: -14.8%FY 2020: -5.9%FY 2021: -5.0%FY 2022: 0.5%FY 2023: 0.9%FY 2024: 0.3%FY 2025: -4.4%FY 2026: -0.2%
FY 2017 5y median 0.3% FY 2026

Profitability

Gross Margin 35.3%
FY 2017: 35.9%FY 2018: 41.9%FY 2019: 36.1%FY 2020: 37.6%FY 2021: 36.3%FY 2022: 46.6%FY 2023: 50.4%FY 2024: 49.1%FY 2025: 40.6%FY 2026: 35.3%
FY 2017 5y median 46.6% FY 2026
Operating Margin -28.3%
FY 2017: -26.1%FY 2018: 3.1%FY 2019: -20.3%FY 2020: -11.4%FY 2021: -25.2%FY 2022: 15.3%FY 2023: 20.6%FY 2024: 15.2%FY 2025: -7.3%FY 2026: -28.3%
FY 2017 5y median 15.2% FY 2026
Net Margin -14.3%
FY 2017: -29.9%FY 2018: 1.8%FY 2019: -24.9%FY 2020: -12.6%FY 2021: -12.2%FY 2022: 18.6%FY 2023: 22.4%FY 2024: 50.1%FY 2025: -6.6%FY 2026: -14.3%
FY 2017 5y median 18.6% FY 2026
ROE -3.2%
FY 2017: -33.6%FY 2018: 2.7%FY 2019: -33.8%FY 2020: -19.9%FY 2021: -17.7%FY 2022: 18.5%FY 2023: 19.3%FY 2024: 29.7%FY 2025: -3.2%FY 2026: -3.2%
FY 2017 5y median 18.5% FY 2026
ROIC -3.7%
FY 2017: -21.4%FY 2018: 3.5%FY 2019: -27.1%FY 2020: -14.1%FY 2021: -23.4%FY 2022: 14.8%FY 2023: 16.2%FY 2024: 8.6%FY 2025: -2.9%FY 2026: -3.7%
FY 2017 5y median 8.6% FY 2026
ROA -2.9%
FY 2017: -18.3%FY 2018: 1.7%FY 2019: -24.6%FY 2020: -13.6%FY 2021: -9.4%FY 2022: 15.2%FY 2023: 14.8%FY 2024: 25.9%FY 2025: -2.6%FY 2026: -2.9%
FY 2017 5y median 14.8% FY 2026

Growth (YoY)

Revenue -15.2%
FY 2017: 30.3%FY 2018: 56.4%FY 2019: -28.8%FY 2020: 5.9%FY 2021: -25.5%FY 2022: 206.2%FY 2023: 27.8%FY 2024: 1.9%FY 2025: -10.9%FY 2026: -15.2%
FY 2017 FY 2026
Operating Income -228.1%
FY 2017: 19.9%FY 2018: 118.6%FY 2019: -567.2%FY 2020: 40.5%FY 2021: -64.3%FY 2022: 286.5%FY 2023: 71.5%FY 2024: -24.7%FY 2025: -142.8%FY 2026: -228.1%
FY 2017 FY 2026
EPS (diluted) -76.9%
FY 2017: 32.7%FY 2018: 105.7%FY 2019: -1269.0%FY 2020: 48.7%FY 2021: 28.0%FY 2022: 493.5%FY 2023: 47.1%FY 2024: 124.0%FY 2025: -111.6%FY 2026: -76.9%
FY 2017 FY 2026
Free Cash Flow 56.6%
FY 2017: 30.9%FY 2018: 61.3%FY 2019: -202.1%FY 2020: 62.4%FY 2021: -33.9%FY 2022: 137.3%FY 2023: 692.0%FY 2024: -88.4%FY 2025: -1330.6%FY 2026: 56.6%
FY 2017 FY 2026

Financial Health

Current Ratio 10.3×
FY 2017: 3.7×FY 2018: 2.6×FY 2019: 3.6×FY 2020: 4.6×FY 2021: 2.1×FY 2022: 5.4×FY 2023: 5.5×FY 2024: 9.3×FY 2025: 5.7×FY 2026: 10.3×
FY 2017 5y median 5.7× FY 2026
Quick Ratio 8.0×
FY 2017: 2.9×FY 2018: 1.8×FY 2019: 2.0×FY 2020: 2.5×FY 2021: 1.1×FY 2022: 4.1×FY 2023: 4.0×FY 2024: 5.7×FY 2025: 3.0×FY 2026: 8.0×
FY 2017 5y median 4.1× FY 2026
Debt / Equity 0.0×
FY 2017: 0.4×FY 2018: 0.3×FY 2019: 0.0×FY 2020: 0.3×FY 2021: 0.4×FY 2022: 0.0×FY 2023: 0.1×FY 2024: 0.1×FY 2025: 0.1×FY 2026: 0.0×
FY 2017 5y median 0.1× FY 2026
Net Debt / EBITDA 13.0×
FY 2017: 2.5×FY 2018: -8.4×FY 2019: 1.2×FY 2020: 0.6×FY 2021: -0.1×FY 2022: -3.1×FY 2023: -1.6×FY 2024: -3.1×FY 2025: 15.9×FY 2026: 13.0×
FY 2017 5y median -1.6× FY 2026
Interest Coverage 0.0×
FY 2017: -7.3×FY 2018: 2.3×FY 2019: -17.0×FY 2020: 0.0×FY 2021: -90.9×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×FY 2026: 0.0×
FY 2017 5y median 0.0× FY 2026

Dividends

Dividend Yield 0.0%
FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%FY 2026: 0.0%
FY 2017 5y median 0.0% FY 2026
Payout Ratio 0.0%
FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%FY 2026: 0.0%
FY 2017 5y median 0.0% FY 2026

Annual · latest fiscal year ends 2026-05-29