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AdvantestATEYY -5.65%93 EV-to-OCF is 56.77 as of Jul. 24, 2026, which is 156% above its 10-year median of 22.20. GuruFocus rates ATEYY with a GF Score™ of 93/100 and a GF Value™ of $106.98 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,029 Semiconductors companies, Advantest ranks worse than 80.95% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Advantest's Enterprise Value is $124,495 Mil.
Advantest's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $2,193 Mil. Therefore, Advantest's EV-to-OCF for today is 56.77.
The historical rank and industry rank for Advantest's EV-to-OCF or its related term are showing as below:
ATEYY'
s EV-to-OCF Range Over the Past 10 Years
Min: 6.02 Med: 22.2 Max: 252.12
Current: 56.77
During the past 13 years, the highest EV-to-OCF of Advantest was 252.12. The lowest was 6.02. And the median was 22.20.
ATEYY's EV-to-OCF is ranked worse than 80.95% of 1029
companies
in the Semiconductors industry
Industry Median: 14.46
vs ATEYY: 56.77
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Advantest's share price for today is $174.68.
Advantest's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.384.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Advantest EV-to-OCF Related Terms
Advantest EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Advantest's EV-to-OCF 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, Advantest's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Advantest EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advantest's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Advantest's EV-to-OCF falls into.
Advantest's current Enterprise Value is $124,495 Mil.
Advantest's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,193 Mil.
* 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.
Advantest (ATEYY) has a EV-to-OCF of 56.77 as of Jul. 24, 2026. This is 156% above median its historical median of 22.20. Over the past decade, Advantest's EV-to-OCF has ranged from 6.02 to 252.12. According to the industry distribution chart, Advantest ranks #833 out of 1029 companies in the Semiconductors industry, placing it in the top 81%.
Is Advantest's EV-to-OCF too high?
Advantest's current EV-to-OCF of 56.77 is 156% above median its 10-year median of 22.20. Over the past 10 years, this metric has ranged from a low of 6.02 to a high of 252.12. The Semiconductors industry median EV-to-OCF is 14.46. Advantest's value of 56.77 is 292.6% above this industry median. Based on the distribution chart, Advantest ranks #833 out of 1029 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Advantest has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantest's EV-to-OCF compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Advantest ranks #833 out of 1029 companies for EV-to-OCF. This places Advantest in the lower half of its industry. The industry median EV-to-OCF is 14.46. Advantest's value of 56.77 is 292.6% above this benchmark. Historically, Advantest's own EV-to-OCF has ranged from 6.02 to 252.12 over the past decade. While the company's 10-year median is 22.20 vs. the industry median of 14.46, Advantest 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 EV-to-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 14.46, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advantest's current EV-to-OCF of 56.77 is 292.6% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 14.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantest's current EV-to-OCF is 56.77, which is 156% above median its own 10-year median of 22.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantest stock overvalued right now?
Based on GuruFocus' analysis, Advantest (ATEYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $106.98, compared to a current price of $174.68 — trading 63.3% above its estimated fair value. The current EV-to-OCF is 56.77, which is 156% above median its 10-year median of 22.20 and 292.6% above the Semiconductors industry median of 14.46. Advantest's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Advantest (ATEYY), the current EV-to-OCF is 56.77 as of Jul. 24, 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 Advantest (ATEYY) Overvalued in 2026?
Based on GuruFocus' analysis, Advantest stock appears to be overvalued.
The current stock price of $174.68 is trading 63.3% above its estimated GF Value™ of $106.98.
GuruFocus considers Advantest to be Significantly Overvalued.
Key valuation signals for ATEYY:
EV-to-OCF: 56.77 (156% above median its 10-year median of 22.20)
GF Value™: $106.98 vs. price of $174.68 (63.3% above fair value)
Industry Position: 292.6% above the Semiconductors median (#833 of 1029)
No single metric tells the full story. See the ATEYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market.
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