AEHR (Aehr Test Systems) ROCE %: -11.72% (As of Feb. 2026)

What is Aehr Test Systems ROCE %?

Aehr Test Systems AEHR +3.77% 62 ROCE % is -11.72% as of Feb. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Aehr Test Systems's annualized ROCE % for the quarter that ended in Feb. 2026 was -11.72%.

Aehr Test Systems (NAS:AEHR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Aehr Test Systems ROCE % Related Terms

Aehr Test Systems ROCE % Historical Data

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The historical data trend for Aehr Test Systems's ROCE % 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 ROCE % Chart

Aehr Test Systems Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

May24

May25

ROCE %

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-28.53

24.41

20.09

10.12

-3.85

Aehr Test Systems Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															-3.44	-7.13	-11.61	-14.27	-11.72

62GF Score

Aehr Test Systems AEHR

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Aehr Test Systems ROCE % Calculation

Aehr Test Systems's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2025 )		(A: May. 2024 )		(A: May. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2025 )		(A: May. 2024 )		(A: May. 2025 )
	=	-4.813	/	( ( (127.912 - 10.508)	+	(148.508 - 15.638) )	/ 2 )
	=	-4.813	/	( (117.404	+	132.87)	/ 2 )
	=	-4.813	/	125.137
	=	-3.85 %

Aehr Test Systems's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	-16.916	/	( ( (148.734 - 8.305)	+	(157.046 - 8.742) )	/ 2 )
	=	-16.916	/	( ( 140.429	+	148.304 )	/ 2 )
	=	-16.916	/	144.3665
	=	-11.72 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -11.72% mean?

Aehr Test Systems (AEHR) has a ROCE % of -11.72% as of Feb. 2026.

Is Aehr Test Systems' ROCE % too high?

Aehr Test Systems' current ROCE % is -11.72%. 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' ROCE % compare to AMBA and ICHR?

Aehr Test Systems' ROCE % of -11.72% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Semiconductors company?

The median ROCE % among Semiconductors companies is 4.81, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aehr Test Systems's current ROCE % is -11.72%. 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 $98.79 — trading 588% above its estimated fair value. The current ROCE % is -11.72%. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Aehr Test Systems (AEHR), the current ROCE % is -11.72% 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 $98.79 is trading 588% above its estimated GF Value™ of $14.36. GuruFocus considers Aehr Test Systems to be Significantly Overvalued.

Key valuation signals for AEHR:

ROCE %: -11.72%
GF Value™: $14.36 vs. price of $98.79 (588% 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

Industry Technology Semiconductors

Comparable Companies AMBA ICHR COHU VECO UCTT PLAB ACLS DQ IPGP KLIC XAMS:ASML LRCX AMAT KLAC TSE:8035 TSE:6857 SZSE:002371 TER SHSE:688820 XAMS:ASM

Other Exchanges AYB:Germany

Address 400 Kato Terrace, Fremont, CA, USA, 94539

Website https://www.aehr.com

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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$98.79

Price

$14.36

GF Value

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