The historical rank and industry rank for Aehr Test Systems's Pretax Margin % or its related term are showing as below:
AEHR'
s Pretax Margin % Range Over the Past 10 Years
Min: -46.72 Med: -9.85 Max: 22.5
Current: -31.53
AEHR's Pretax Margin % is ranked worse than 86.58% of 1021
companies
in the Semiconductors industry
Industry Median: 5.07
vs AEHR: -31.53
Aehr Test Systems (NAS:AEHR) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Aehr Test Systems Pretax Margin % Related Terms
Aehr Test Systems Pretax Margin % Historical Data
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The historical data trend for Aehr Test Systems's Pretax Margin % 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 vs AMBA, ICHR, COHU: Pretax Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Pretax Margin % falls into.
* 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 Pretax Margin % of -38.80% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Aehr Test Systems and its competitors. According to the industry distribution chart, Aehr Test Systems ranks #884 out of 1021 companies in the Semiconductors industry, placing it in the top 86.6%.
Is Aehr Test Systems' Pretax Margin % too high?
Aehr Test Systems' current Pretax Margin % is -38.80%. Based on the distribution chart, Aehr Test Systems ranks #884 out of 1021 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' Pretax Margin % compare to AMBA and ICHR?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #884 out of 1021 companies for Pretax Margin %. This places Aehr Test Systems in the lower half of its industry. The industry median Pretax Margin % is 5.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.07, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Pretax Margin % is -38.80%. 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 Pretax Margin % is -38.80%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Pretax Margin % is -38.80% as of Feb. 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:
Pretax Margin %: -38.80%
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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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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