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Aehr Test Systems (NAS:AEHR) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Aehr Test Systems Forward PE Ratio Related Terms
Aehr Test Systems Forward PE Ratio Historical Data
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The historical data trend for Aehr Test Systems's Forward PE Ratio 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 Test Systems Forward PE Ratio Chart
Aehr Test Systems Annual Data
Trend
2025-05
2026-05
Forward PE Ratio
50.21
615.53
Aehr Test Systems Quarterly Data
2024-08
2024-11
2025-02
2025-05
2025-08
2025-11
2026-02
2026-05
Forward PE Ratio
47.84
39.63
28.60
50.21
311.88
270.24
497.73
615.53
AEHR vs COHU, AMBA, ICHR: Forward PE Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Aehr Test Systems (AEHR) has a Forward PE Ratio of 654.50 as of Jul. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Aehr Test Systems and its competitors. According to the industry distribution chart, Aehr Test Systems ranks #535 out of 549 companies in the Semiconductors industry, placing it in the top 97.4%.
Is Aehr Test Systems' Forward PE Ratio too high?
Aehr Test Systems' current Forward PE Ratio is 654.50. The Semiconductors industry median Forward PE Ratio is 31.23. Aehr Test Systems' value of 654.50 is 1995.7% above this industry median. Based on the distribution chart, Aehr Test Systems ranks #535 out of 549 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Aehr Test Systems has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' Forward PE Ratio compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #535 out of 549 companies for Forward PE Ratio. This places Aehr Test Systems in the lower half of its industry. The industry median Forward PE Ratio is 31.23. Aehr Test Systems' value of 654.50 is 1995.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 31.23, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aehr Test Systems's current Forward PE Ratio of 654.50 is 1995.7% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 31.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Forward PE Ratio is 654.50. 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 $13.63, compared to a current price of $96.21 — trading 605.9% above its estimated fair value. The current Forward PE Ratio is 654.50 and 1995.7% above the Semiconductors industry median of 31.23. Aehr Test Systems' overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Forward PE Ratio is 654.50 as of Jul. 22, 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 $96.21 is trading 605.9% above its estimated GF Value™ of $13.63.
GuruFocus considers Aehr Test Systems to be Significantly Overvalued.
Key valuation signals for AEHR:
Forward PE Ratio: 654.50
GF Value™: $13.63 vs. price of $96.21 (605.9% above fair value)
Industry Position: 1995.7% above the Semiconductors median (#535 of 549)
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.
60GF Score
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