EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Aehr Test Systems's Enterprise Value is $2,860.84 Mil.
Aehr Test Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was $-12.19 Mil. Therefore, Aehr Test Systems's EV-to-FCF for today is -234.61.
The historical rank and industry rank for Aehr Test Systems's EV-to-FCF or its related term are showing as below:
AEHR'
s EV-to-FCF Range Over the Past 10 Years
Min: -1104.06 Med: -10.87 Max: 852.27
Current: -234.61
During the past 13 years, the highest EV-to-FCF of Aehr Test Systems was 852.27. The lowest was -1104.06. And the median was -10.87.
AEHR's EV-to-FCF is ranked worse than 100% of 504
companies
in the Semiconductors industry
Industry Median: 51.995
vs AEHR: -234.61
EV-to-FCF 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.
Aehr Test Systems (NAS:AEHR) EV-to-FCF Explanation
EV-to-FCF 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.
Aehr Test Systems's PE Ratio (TTM) for today is calculated as:
Aehr Test Systems's share price for today is $91.81.
Aehr Test Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.380.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aehr Test Systems EV-to-FCF Related Terms
Aehr Test Systems EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Aehr Test Systems's EV-to-FCF 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, Aehr Test Systems's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's EV-to-FCF falls into.
Aehr Test Systems's current Enterprise Value is $2,860.84 Mil.
Aehr Test Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.19 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.
Aehr Test Systems (AEHR) has a EV-to-FCF of -234.61 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aehr Test Systems and its competitors. According to the industry distribution chart, Aehr Test Systems ranks #999999 out of 504 companies in the Semiconductors industry.
Is Aehr Test Systems' EV-to-FCF too high?
Aehr Test Systems' current EV-to-FCF is -234.61. Based on the distribution chart, Aehr Test Systems ranks #999999 out of 504 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Aehr Test Systems has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' EV-to-FCF compare to AMBA and ICHR?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #999999 out of 504 companies for EV-to-FCF. This places Aehr Test Systems in the lower half of its industry. The industry median EV-to-FCF is 52.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 52.00, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median EV-to-FCF is 52.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current EV-to-FCF is -234.61. 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 $14.36, compared to a current price of $91.81 — trading 539.3% above its estimated fair value. The current EV-to-FCF is -234.61. Aehr Test Systems' overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current EV-to-FCF is -234.61 as of Jun. 28, 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 $91.81 is trading 539.3% above its estimated GF Value™ of $14.36.
GuruFocus considers Aehr Test Systems to be Significantly Overvalued.
Key valuation signals for AEHR:
EV-to-FCF: -234.61
GF Value™: $14.36 vs. price of $91.81 (539.3% 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.
62GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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