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Aehr Test Systems (Aehr Test Systems) Cyclically Adjusted PS Ratio : 7.60 (As of Apr. 27, 2024)


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What is Aehr Test Systems Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Aehr Test Systems's current share price is $11.47. Aehr Test Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $1.51. Aehr Test Systems's Cyclically Adjusted PS Ratio for today is 7.60.

The historical rank and industry rank for Aehr Test Systems's Cyclically Adjusted PS Ratio or its related term are showing as below:

AEHR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.37   Med: 1.34   Max: 33.75
Current: 7.59

During the past years, Aehr Test Systems's highest Cyclically Adjusted PS Ratio was 33.75. The lowest was 0.37. And the median was 1.34.

AEHR's Cyclically Adjusted PS Ratio is ranked worse than
84.97% of 672 companies
in the Semiconductors industry
Industry Median: 2.24 vs AEHR: 7.59

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Aehr Test Systems's adjusted revenue per share data for the three months ended in Feb. 2024 was $0.262. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $1.51 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aehr Test Systems Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aehr Test Systems's Cyclically Adjusted PS 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.

* Premium members only.

Aehr Test Systems Cyclically Adjusted PS Ratio Chart

Aehr Test Systems Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 1.17 1.66 5.83 22.14

Aehr Test Systems Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.13 22.14 33.36 14.85 10.77

Competitive Comparison of Aehr Test Systems's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's Cyclically Adjusted PS Ratio falls into.



Aehr Test Systems Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Aehr Test Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.47/1.51
=7.60

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Aehr Test Systems's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.262/129.4194*129.4194
=0.262

Current CPI (Feb. 2024) = 129.4194.

Aehr Test Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.419 100.373 0.540
201408 0.312 100.352 0.402
201411 0.223 99.635 0.290
201502 0.160 99.032 0.209
201505 0.147 100.333 0.190
201508 0.480 100.548 0.618
201511 0.354 100.135 0.458
201602 0.127 100.040 0.164
201605 0.119 101.355 0.152
201608 0.399 101.617 0.508
201611 0.263 101.829 0.334
201702 0.161 102.779 0.203
201705 0.355 103.256 0.445
201708 0.303 103.587 0.379
201711 0.346 104.072 0.430
201802 0.327 105.052 0.403
201805 0.321 106.148 0.391
201808 0.214 106.383 0.260
201811 0.265 106.338 0.323
201902 0.141 106.649 0.171
201905 0.320 108.048 0.383
201908 0.244 108.245 0.292
201911 0.300 108.519 0.358
202002 0.264 109.139 0.313
202005 0.164 108.175 0.196
202008 0.086 109.662 0.101
202011 0.072 109.793 0.085
202102 0.224 110.968 0.261
202105 0.323 113.576 0.368
202108 0.223 115.421 0.250
202111 0.339 117.269 0.374
202202 0.530 119.703 0.573
202205 0.710 123.323 0.745
202208 0.371 124.958 0.384
202211 0.509 125.607 0.524
202302 0.586 126.928 0.598
202305 0.752 128.314 0.758
202308 0.696 129.538 0.695
202311 0.720 129.548 0.719
202402 0.262 129.419 0.262

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Aehr Test Systems  (NAS:AEHR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Aehr Test Systems Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Aehr Test Systems's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Aehr Test Systems (Aehr Test Systems) Business Description

Traded in Other Exchanges
Address
400 Kato Terrace, Fremont, CA, USA, 94539
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 are driving additional test requirements, incremental capacity needs, and new opportunities for the company's products in package, wafer level, and singulated die/module level test. The company provides production solutions across the product manufacturing flow to improve yield and reliability and has developed and introduced several innovative 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.
Executives
Gayn Erickson director, officer: President & CEO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Richmond Donald P. Ii officer: VP of Engineering C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Vernon Rogers officer: Exe. VP. of Sales & Marketing C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Chris Siu officer: EXECUTIVE V.P. FINANCE & CFO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Alistair N Sporck officer: VP, CONTACTOR BUSINESS UNIT C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Howard T Slayen director 15353 BARRANCA PARKWAY, IRVINE CA 92618
Geoffrey Gates Scott director C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Laura Oliphant director C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Rhea J Posedel officer: CEO and Chairman C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Kenneth B. Spink officer: VP OF FINANCE & CFO C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
David S Hendrickson officer: VP of Engineering 400 KATO TERRACE, FREMONT CA 94539
Mario M Rosati director, officer: Secretary 650 PAGE MILL RD, PALO ALTO CA 94304
Fariba Danesh director
Adil Engineer officer: Chief Operating Officer C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539
Michael A. Brannan officer: VP of Operations C/O AEHR TEST SYSTEMS, 400 KATO TERRACE, FREMONT CA 94539