Aehr Test Systems (AEHR) P/E Ratio History
ExpensiveTrading at 839.7x vs 5Y avg 174.1x · 95th percentile · Material premium to history · Data 1998–2027
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P/E Ratio Analysis
As of November 8, 2026, Aehr Test Systems (AEHR) trades at a price-to-earnings ratio of 839.7x, with a stock price of $53.57 and trailing twelve-month earnings per share of $0.06.
The current P/E is 382% above its 5-year average of 174.1x. Over the past five years, AEHR's P/E has ranged from a low of 1.9x to a high of 2104.6x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Technology sector median P/E of 24.9x, AEHR trades at a 3273% premium to its sector peers. The sector includes 329 companies with P/E ratios ranging from 0.0x to 185.0x.
Relative to the broader market, AEHR commands a significant premium over the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AEHR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AEHR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AEHR P/E vs Peers
Fab, Inspection and Test Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 29.5 | 1.40 | -38% | |
| $9B | 64.9 | 1.88 | -32% | |
| $1B | 336.3 | - | -141% | |
| $6B | 37.1 | - | -22% | |
| $3B | 29.5 | - | +100%Best | |
| $13B | 23.2 | - | +56% | |
| $5B | 37.4 | 2.67 | -57% | |
| $2B | 9.7Lowest | 0.28Best | +9% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AEHR Historical P/E Data (1998–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | Sep 25 2026 | $104.39 | $0.05 | 2104.6x | +1295% |
| FY2025 Q3 | Feb 28 2025 | $9.64 | $0.78 | 12.4x | -92% |
| FY2025 Q2 | Nov 29 2024 | $11.89 | $0.75 | 15.9x | -89% |
| FY2025 Q1 | Aug 30 2024 | $15.21 | $0.99 | 15.4x | -90% |
| FY2024 Q4 | May 31 2024 | $11.51 | $1.12 | 10.3x | -93% |
| FY2024 Q3 | - | $16.27 | $0.52 | 31.4x | -79% |
| FY2024 Q2 | - | $22.96 | $0.71 | 32.4x | -79% |
| FY2024 Q1 | - | $51.01 | $0.63 | 80.6x | -47% |
| FY2023 Q4 | May 31 2023 | $33.02 | $0.50 | 66.6x | -56% |
| FY2023 Q3 | - | $33.35 | $0.49 | 67.8x | -55% |
| FY2023 Q2 | Nov 30 2022 | $26.07 | $0.43 | 60.8x | -60% |
| FY2023 Q1 | Aug 31 2022 | $14.54 | $0.33 | 44.6x | -70% |
| FY2022 Q4 | - | $8.38 | $0.33 | 25.2x | -83% |
| FY2022 Q3 | Feb 28 2022 | $13.60 | $0.15 | 88.3x | -41% |
| FY2022 Q2 | - | $17.42 | $0.05 | 385.4x | +155% |
| FY2020 Q3 | Feb 29 2020 | $2.10 | $0.01 | 256.1x | +70% |
| FY2018 Q4 | - | $2.60 | $0.02 | 115.0x | -24% |
| FY2014 Q4 | May 31 2014 | $2.26 | $0.04 | 63.9x | -58% |
| FY2009 Q2 | Nov 30 2008 | $2.19 | $1.17 | 1.9x | -99% |
| FY2009 Q1 | Aug 31 2008 | $4.37 | $1.23 | 3.6x | -98% |
| FY2008 Q4 | May 31 2008 | $8.70 | $1.22 | 7.1x | -95% |
| FY2008 Q3 | Feb 29 2008 | $7.30 | $0.59 | 12.4x | -92% |
| FY2008 Q2 | Nov 30 2007 | $6.03 | $0.39 | 15.5x | -90% |
| FY2008 Q1 | Aug 31 2007 | $6.90 | $0.31 | 22.3x | -85% |
| FY2007 Q4 | - | $6.05 | $0.29 | 20.9x | -86% |
| FY2007 Q3 | Feb 28 2007 | $5.91 | $0.24 | 24.3x | -84% |
| FY2007 Q2 | - | $4.96 | $0.26 | 18.9x | -87% |
| FY2007 Q1 | - | $9.97 | $0.20 | 49.1x | -67% |
| FY2006 Q4 | May 31 2006 | $6.43 | $0.10 | 64.0x | -58% |
| FY1999 Q2 | Nov 30 1998 | $4.50 | $0.00 | 1071.4x | +610% |
| FY1999 Q1 | Aug 31 1998 | $4.44 | $0.20 | 22.7x | -85% |
| FY1998 Q4 | May 31 1998 | $6.06 | $0.37 | 16.5x | -89% |
Average P/E for displayed period: 150.8x
AEHR Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AEHR — Frequently Asked Questions
Quick answers to the most common questions about buying AEHR stock.
What is AEHR's P/E ratio?
Aehr Test Systems (AEHR) trailing twelve-month P/E ratio is 839.7x, based on TTM diluted EPS of $0.06. The 5-year average P/E is 174.1x and the historical range spans 1.9x to 2104.6x.
Is AEHR stock overvalued or undervalued?
AEHR trades at 839.7x P/E, above its 5-year average of 174.1x. The 95th percentile ranking within the 1.9x–2104.6x historical range indicates a premium to historical valuation.
Is AEHR stock expensive?
Yes, AEHR is expensive relative to its own history. The current P/E of 839.7x is above the 5-year average of 174.1x and also above the Technology sector median of 24.9x. The stock sits at the 95th percentile of its 5-year valuation range.
What is AEHR's historical P/E range?
Over the past 5 years, AEHR's P/E ratio has ranged from 1.9x to 2104.6x, with a median of 60.8x and an average of 174.1x. The current P/E of 839.7x places the stock at the 95th percentile of this range. Full historical data spans 1998–2027.
How does AEHR's P/E compare to the S&P 500?
AEHR trades at 839.7x P/E versus the S&P 500 median of 21.8x. The 3752% premium to the market typically reflects higher expected earnings growth or quality.
How does AEHR's valuation compare to Technology peers?
Aehr Test Systems P/E of 839.7x compares to the Technology sector median of 24.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AEHR's PEG ratio?
AEHR PEG ratio is N/A, based on a P/E of 839.7x and EPS growth of -76.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AEHR's earnings yield?
AEHR earnings yield is 0.12%, the inverse of its 839.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.