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Aehr Test Systems (Aehr Test Systems) Earnings Yield (Joel Greenblatt) % : 3.07% (As of Feb. 2024)


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What is Aehr Test Systems Earnings Yield (Joel Greenblatt) %?

Aehr Test Systems's Enterprise Value for the quarter that ended in Feb. 2024 was $429.03 Mil. Aehr Test Systems's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $13.18 Mil. Aehr Test Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 3.07%.

The historical rank and industry rank for Aehr Test Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

AEHR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -32.96   Med: -5.99   Max: 5.11
Current: 4.27

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aehr Test Systems was 5.11%. The lowest was -32.96%. And the median was -5.99%.

AEHR's Earnings Yield (Joel Greenblatt) % is ranked better than
69.31% of 997 companies
in the Semiconductors industry
Industry Median: 1.96 vs AEHR: 4.27

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Aehr Test Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Aehr Test Systems Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Aehr Test Systems's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart

Aehr Test Systems Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.48 -6.95 -7.80 3.96 1.48

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
Earnings Yield (Joel Greenblatt) % 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 1.49 1.48 1.20 3.08 3.07

Competitive Comparison of Aehr Test Systems's Earnings Yield (Joel Greenblatt) %

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's Earnings Yield (Joel Greenblatt) % falls into.



Aehr Test Systems Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Aehr Test Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=13.375/900.75078
=1.48 %

Aehr Test Systems's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.18 Mil.



Aehr Test Systems  (NAS:AEHR) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Aehr Test Systems Earnings Yield (Joel Greenblatt) % Related Terms

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Aehr Test Systems (Aehr Test Systems) Business Description

Industry
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