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Aehr Test SystemsAEHR +3.40%53 Debt-to-Equity is 0.05 as of May. 2026, which is 44% below its 10-year median of 0.09. 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 910 Semiconductors companies, Aehr Test Systems ranks better than 80.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Aehr Test Systems's Debt-to-Equity or its related term are showing as below:
AEHR'
s Debt-to-Equity Range Over the Past 10 Years
Min: -8.41 Med: 0.09 Max: 4.64
Current: 0.05
During the past 13 years, the highest Debt-to-Equity Ratio of Aehr Test Systems was 4.64. The lowest was -8.41. And the median was 0.09.
AEHR's Debt-to-Equity is ranked better than 80.88% of 910
companies
in the Semiconductors industry
Industry Median: 0.255
vs AEHR: 0.05
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Aehr Test Systems Debt-to-Equity Related Terms
Aehr Test Systems Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Aehr Test Systems's Debt-to-Equity 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-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Debt-to-Equity 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 Debt-to-Equity of 0.05 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aehr Test Systems and its competitors. This is 44% below median its historical median of 0.09. According to the industry distribution chart, Aehr Test Systems ranks #174 out of 910 companies in the Semiconductors industry, placing it in the top 19.1%.
Is Aehr Test Systems' Debt-to-Equity too high?
Aehr Test Systems' current Debt-to-Equity of 0.05 is 44% below median its 10-year median of 0.09. The Semiconductors industry median Debt-to-Equity is 0.26. Aehr Test Systems' value of 0.05 is 80.4% below this industry median. Based on the distribution chart, Aehr Test Systems ranks #174 out of 910 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' Debt-to-Equity compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #174 out of 910 companies for Debt-to-Equity. This places Aehr Test Systems in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.26. Aehr Test Systems' value of 0.05 is 80.4% below this benchmark. While the company's 10-year median is 0.09 vs. the industry median of 0.26, Aehr Test Systems has consistently been below 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 Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aehr Test Systems's current Debt-to-Equity of 0.05 is 80.4% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Debt-to-Equity is 0.05, which is 44% below median its own 10-year median of 0.09. 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 Debt-to-Equity is 0.05, which is 44% below median its 10-year median of 0.09 and 80.4% below the Semiconductors industry median of 0.26. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Debt-to-Equity is 0.05 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:
Debt-to-Equity: 0.05 (44% below median its 10-year median of 0.09)
GF Value™: $13.83 vs. price of $103.09 (645.4% above fair value)
Industry Position: 80.4% below the Semiconductors median (#174 of 910)
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
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