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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Aehr Test Systems's Debt-to-EBITDA or its related term are showing as below:
AEHR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.6 Med: -1 Max: 4.59
Current: -0.93
During the past 13 years, the highest Debt-to-EBITDA Ratio of Aehr Test Systems was 4.59. The lowest was -7.60. And the median was -1.00.
AEHR's Debt-to-EBITDA is ranked worse than 100% of 722
companies
in the Semiconductors industry
Industry Median: 1.415
vs AEHR: -0.93
Aehr Test Systems (NAS:AEHR) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Aehr Test Systems Debt-to-EBITDA Related Terms
Aehr Test Systems Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Aehr Test Systems's Debt-to-EBITDA 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.
AEHR vs COHU, AMBA, ICHR: Debt-to-EBITDA Comparison
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (May. 2026) EBITDA data.
Aehr Test Systems (AEHR) has a Debt-to-EBITDA of -7.51 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Aehr Test Systems. According to the industry distribution chart, Aehr Test Systems ranks #999999 out of 722 companies in the Semiconductors industry.
Is Aehr Test Systems' Debt-to-EBITDA too high?
Aehr Test Systems' current Debt-to-EBITDA is -7.51. Based on the distribution chart, Aehr Test Systems ranks #999999 out of 722 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Aehr Test Systems has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' Debt-to-EBITDA compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #999999 out of 722 companies for Debt-to-EBITDA. This places Aehr Test Systems in the lower half of its industry. The industry median Debt-to-EBITDA is 1.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.42, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Aehr Test Systems. For the Semiconductors industry, the median Debt-to-EBITDA is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Debt-to-EBITDA is -7.51. 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 $13.61, compared to a current price of $70.74 — trading 419.8% above its estimated fair value. The current Debt-to-EBITDA is -7.51. Aehr Test Systems' overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Debt-to-EBITDA is -7.51 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 $70.74 is trading 419.8% above its estimated GF Value™ of $13.61.
GuruFocus considers Aehr Test Systems to be Significantly Overvalued.
Key valuation signals for AEHR:
Debt-to-EBITDA: -7.51
GF Value™: $13.61 vs. price of $70.74 (419.8% above fair value)
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.
67GF Score
Get the complete analysis for AEHR
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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