AEHR (Aehr Test Systems) Moat Score: 5/10 (As of Jul. 01, 2026)


AEHR Aehr Test Systems AEHR
62 GF Score
Price $96.06
GF Value $14.36
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Aehr Test Systems Moat Score?

Aehr Test Systems AEHR +1.36% 62 Moat Score is 5 as of Jul. 01, 2026. GuruFocus rates AEHR with a GF Score™ of 62/100 and a GF Value™ of $14.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,000 Semiconductors companies, Aehr Test Systems ranks better than 93.4% on this metric.

Aehr Test Systems has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Aehr Test Systems has Narrow Moat: Aehr Test Systems has a solid narrow moat due to its specialized testing solutions and some customer switching costs. However, it lacks significant market leadership, intellectual property, or regulatory barriers to elevate it to a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Aehr Test Systems might have Narrow Moat - Solid narrow moat.

Aehr Test Systems  (NAS:AEHR) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Aehr Test Systems Moat Score Related Terms

AEHR vs COHU, AMBA, ICHR: Moat Score Comparison

For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Aehr Test Systems's Moat Score distribution charts can be found below:

* The bar in red indicates where Aehr Test Systems's Moat Score falls into.


AEHR
62GF Score
Aehr Test Systems AEHR
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Aehr Test Systems (AEHR) has a Moat Score of 5 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Aehr Test Systems ranks #66 out of 1000 companies in the Semiconductors industry, placing it in the top 6.6%.
Is Aehr Test Systems' Moat Score too high?
Aehr Test Systems' current Moat Score is 5. Based on the distribution chart, Aehr Test Systems ranks #66 out of 1000 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 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aehr Test Systems' Moat Score compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #66 out of 1000 companies for Moat Score. This places Aehr Test Systems in the top 7% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Semiconductors company?
A good Moat Score depends on the Semiconductors industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Aehr Test Systems's current Moat Score is 5. 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 $96.06 — trading 568.9% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Moat Score is 5 as of Jul. 01, 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 $96.06 is trading 568.9% above its estimated GF Value™ of $14.36. GuruFocus considers Aehr Test Systems to be Significantly Overvalued.

Key valuation signals for AEHR:

  • Moat Score: 5
  • GF Value™: $14.36 vs. price of $96.06 (568.9% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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 Business Description

Other Exchanges AYB:Germany
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. 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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$96.06
Price
$14.36
GF Value