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Aehr Test SystemsAEHR -3.70%60 Return-on-Tangible-Asset is 3.07% as of May. 2026. GuruFocus rates AEHR with a GF Score™ of 60/100 and a GF Value™ of $14.92 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,028 Semiconductors companies, Aehr Test Systems ranks worse than 75.88% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Aehr Test Systems's annualizedNet Income for the quarter that ended in May. 2026 was $5.56 Mil. Aehr Test Systems's average total tangible assets for the quarter that ended in May. 2026 was $181.45 Mil. Therefore, Aehr Test Systems's annualized Return-on-Tangible-Asset for the quarter that ended in May. 2026 was 3.07%.
The historical rank and industry rank for Aehr Test Systems's Return-on-Tangible-Asset or its related term are showing as below:
AEHR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.62 Med: -3.55 Max: 29.33
Current: -4.81
During the past 13 years, Aehr Test Systems's highest Return-on-Tangible-Asset was 29.33%. The lowest was -27.62%. And the median was -3.55%.
AEHR's Return-on-Tangible-Asset is ranked worse than 75.88% of 1028
companies
in the Semiconductors industry
Industry Median: 2.615
vs AEHR: -4.81
Aehr Test Systems (NAS:AEHR) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Aehr Test Systems Return-on-Tangible-Asset Related Terms
Aehr Test Systems Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aehr Test Systems's Return-on-Tangible-Asset 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 COHU, AMBA, ICHR: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Aehr Test Systems's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aehr Test Systems's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aehr Test Systems's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (May. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.07% mean?
Aehr Test Systems (AEHR) has a Return-on-Tangible-Asset of 3.07% as of May. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aehr Test Systems and its competitors. According to the industry distribution chart, Aehr Test Systems ranks #780 out of 1028 companies in the Semiconductors industry, placing it in the top 75.9%.
Is Aehr Test Systems' Return-on-Tangible-Asset too high?
Aehr Test Systems' current Return-on-Tangible-Asset is 3.07%. The Semiconductors industry median Return-on-Tangible-Asset is 2.62. Aehr Test Systems' value of 3.07% is 17.4% above this industry median. Based on the distribution chart, Aehr Test Systems ranks #780 out of 1028 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' Return-on-Tangible-Asset compare to COHU and AMBA?
According to the Semiconductors industry distribution chart, Aehr Test Systems ranks #780 out of 1028 companies for Return-on-Tangible-Asset. This places Aehr Test Systems in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.62. Aehr Test Systems' value of 3.07% is 17.4% 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 Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.62, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aehr Test Systems's current Return-on-Tangible-Asset of 3.07% is 17.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aehr Test Systems and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current Return-on-Tangible-Asset is 3.07%. 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 $14.92, compared to a current price of $81.05 — trading 443.2% above its estimated fair value. The current Return-on-Tangible-Asset is 3.07% and 17.4% above the Semiconductors industry median of 2.62. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current Return-on-Tangible-Asset is 3.07% as of May. 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 $81.05 is trading 443.2% above its estimated GF Value™ of $14.92.
GuruFocus considers Aehr Test Systems to be Significantly Overvalued.
Key valuation signals for AEHR:
Return-on-Tangible-Asset: 3.07%
GF Value™: $14.92 vs. price of $81.05 (443.2% above fair value)
Industry Position: 17.4% above the Semiconductors median (#780 of 1028)
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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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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