Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aehr Test SystemsAEHR +3.40%53 Cash Ratio is 6.52 as of May. 2026, which is 249% above its 10-year median of 1.87. GuruFocus rates AEHR with a GF Score™ of 53/100 and a GF Value™ of $13.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,022 Semiconductors companies, Aehr Test Systems ranks better than 93.05% on this metric.
Aehr Test Systems has a Cash Ratio of 6.52. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Aehr Test Systems's Cash Ratio or its related term are showing as below:
AEHR'
s Cash Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.87 Max: 6.52
Current: 6.52
During the past 13 years, Aehr Test Systems's highest Cash Ratio was 6.52. The lowest was 0.39. And the median was 1.87.
AEHR's Cash Ratio is ranked better than 93.05% of 1022
companies
in the Semiconductors industry
Industry Median: 1.02
vs AEHR: 6.52
Aehr Test Systems (NAS:AEHR) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Aehr Test Systems Cash Ratio Related Terms
Aehr Test Systems Cash Ratio Historical Data
* Premium members only.
The historical data trend for Aehr Test Systems's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aehr Test Systems Cash Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aehr Test Systems (AEHR) has a Cash Ratio of 6.52 as of May. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Aehr Test Systems and its competitors. This is 249% above median its historical median of 1.87. Over the past decade, Aehr Test Systems' Cash Ratio has ranged from 0.39 to 6.52. According to the industry distribution chart, Aehr Test Systems ranks #71 out of 1022 companies in the Semiconductors industry, placing it in the top 6.9%.
Is Aehr Test Systems' Cash Ratio too high?
Aehr Test Systems' current Cash Ratio of 6.52 is 249% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 6.52. The Semiconductors industry median Cash Ratio is 1.02. Aehr Test Systems' value of 6.52 is 539.2% above this industry median. Based on the distribution chart, Aehr Test Systems ranks #71 out of 1022 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Aehr Test Systems has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' Cash Ratio compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #71 out of 1022 companies for Cash Ratio. This places Aehr Test Systems in the top 7% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 1.02. Aehr Test Systems' value of 6.52 is 539.2% above this benchmark. Historically, Aehr Test Systems' own Cash Ratio has ranged from 0.39 to 6.52 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.02, Aehr Test Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Semiconductors company?
The median Cash Ratio among Semiconductors companies is 1.02, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aehr Test Systems's current Cash Ratio of 6.52 is 539.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median Cash Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Cash Ratio is 6.52, which is 249% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aehr Test Systems stock overvalued right now?
Based on GuruFocus' analysis, Aehr Test Systems (AEHR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.83, compared to a current price of $103.09 — trading 645.4% above its estimated fair value. The current Cash Ratio is 6.52, which is 249% above median its 10-year median of 1.87 and 539.2% above the Semiconductors industry median of 1.02. Aehr Test Systems' overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Cash Ratio is 6.52 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aehr Test Systems (AEHR) Overvalued in 2026?
Based on GuruFocus' analysis, Aehr Test Systems stock appears to be overvalued.
The current stock price of $103.09 is trading 645.4% above its estimated GF Value™ of $13.83.
GuruFocus considers Aehr Test Systems to be Significantly Overvalued.
Key valuation signals for AEHR:
Cash Ratio: 6.52 (249% above median its 10-year median of 1.87)
GF Value™: $13.83 vs. price of $103.09 (645.4% above fair value)
Industry Position: 539.2% above the Semiconductors median (#71 of 1022)
No single metric tells the full story. See the AEHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aehr Test Systems is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits. Increased quality and reliability needs of the Automotive and Mobility integrated circuit markets. The Company operates in one business segment, the designing, manufacturing, marketing and selling of advanced test and burn-in products to the semiconductor manufacturing industry in several geographic areas. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several inventive products, including the ABTSTM and FOX-PTM families of test and burn-in systems and FOX WaferPakTM Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader.
53GF Score
Get the complete analysis for AEHR
Cash Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AEHR has been successfully added to your 
