Aehr Test Systems
Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems in the United States, Asia, and Europe. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize range of devices,… Read more
Aehr Test Systems (AEHR) - Net Assets
Latest net assets as of November 2025: $130.78 Million USD
Based on the latest financial reports, Aehr Test Systems (AEHR) has net assets worth $130.78 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($148.73 Million) and total liabilities ($17.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $130.78 Million |
| % of Total Assets | 87.93% |
| Annual Growth Rate | 9.33% |
| 5-Year Change | 973.2% |
| 10-Year Change | N/A |
| Growth Volatility | 92.94 |
Aehr Test Systems - Net Assets Trend (1997–2025)
This chart illustrates how Aehr Test Systems's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aehr Test Systems (1997–2025)
The table below shows the annual net assets of Aehr Test Systems from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $122.87 Million | +10.11% |
| 2024-05-31 | $111.59 Million | +47.61% |
| 2023-05-31 | $75.60 Million | +48.27% |
| 2022-05-31 | $50.99 Million | +345.36% |
| 2021-05-31 | $11.45 Million | -18.55% |
| 2020-05-31 | $14.06 Million | -9.04% |
| 2019-05-31 | $15.45 Million | -19.87% |
| 2018-05-31 | $19.29 Million | +14.83% |
| 2017-05-31 | $16.79 Million | +2422.82% |
| 2016-05-31 | $-723.00K | -115.89% |
| 2015-05-31 | $4.55 Million | -35.27% |
| 2014-05-31 | $7.03 Million | +40.75% |
| 2013-05-31 | $4.99 Million | -22.62% |
| 2012-05-31 | $6.45 Million | -29.08% |
| 2011-05-31 | $9.10 Million | -19.32% |
| 2010-05-31 | $11.28 Million | +13.23% |
| 2009-05-31 | $9.96 Million | -73.62% |
| 2008-05-31 | $37.77 Million | +66.63% |
| 2007-05-31 | $22.67 Million | +20.47% |
| 2006-05-31 | $18.82 Million | +7.82% |
| 2005-05-31 | $17.45 Million | -21.40% |
| 2004-05-31 | $22.20 Million | -12.39% |
| 2003-05-31 | $25.34 Million | -15.19% |
| 2002-05-31 | $29.89 Million | -14.14% |
| 2001-05-31 | $34.81 Million | +1.46% |
| 2000-05-31 | $34.30 Million | -6.47% |
| 1999-05-31 | $36.68 Million | -8.22% |
| 1998-05-31 | $39.96 Million | +295.68% |
| 1997-05-31 | $10.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aehr Test Systems's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2296000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $299.00K | 0.24% |
| Other Comprehensive Income | $-126.00K | -0.10% |
| Other Components | $145.76 Million | 118.63% |
| Total Equity | $122.87 Million | 100.00% |
Aehr Test Systems Competitors by Market Cap
The table below lists competitors of Aehr Test Systems ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Meiyan Jixiang Hydropower Co Ltd
SHG:600868
|
$1.01 Billion |
|
Chongqing Chuanyi Automation Co Ltd
SHG:603100
|
$1.01 Billion |
|
SAI LIFE SCIENCES LTD
NSE:SAILIFE
|
$1.01 Billion |
|
China Jinmao Holdings Group Limited
PINK:CJNHF
|
$1.01 Billion |
|
BioArctic AB (publ)
PINK:BRCTF
|
$1.01 Billion |
|
WT Microelectronics Co. Ltd. Pfd.
TW:3036A
|
$1.01 Billion |
|
Sundram Fasteners Limited
NSE:SUNDRMFAST
|
$1.01 Billion |
|
Feng Tay Enterprises Co Ltd
TW:9910
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aehr Test Systems's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 111,593,000 to 122,871,000, a change of 11,278,000 (10.1%).
- Net loss of 3,910,000 reduced equity.
- Share repurchases of 784,000 reduced equity.
- Other comprehensive income increased equity by 32,000.
- Other factors increased equity by 15,940,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.91 Million | -3.18% |
| Share Repurchases | $784.00K | -0.64% |
| Other Comprehensive Income | $32.00K | +0.03% |
| Other Changes | $15.94 Million | +12.97% |
| Total Change | $- | 10.11% |
Book Value vs Market Value Analysis
This analysis compares Aehr Test Systems's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.53x to 8.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-05-31 | $2.24 | $37.09 | x |
| 1998-05-31 | $5.91 | $37.09 | x |
| 1999-05-31 | $5.35 | $37.09 | x |
| 2000-05-31 | $5.04 | $37.09 | x |
| 2001-05-31 | $4.85 | $37.09 | x |
| 2002-05-31 | $4.18 | $37.09 | x |
| 2003-05-31 | $3.54 | $37.09 | x |
| 2004-05-31 | $3.06 | $37.09 | x |
| 2005-05-31 | $2.35 | $37.09 | x |
| 2006-05-31 | $2.47 | $37.09 | x |
| 2007-05-31 | $2.76 | $37.09 | x |
| 2008-05-31 | $4.44 | $37.09 | x |
| 2009-05-31 | $1.18 | $37.09 | x |
| 2010-05-31 | $1.32 | $37.09 | x |
| 2011-05-31 | $1.04 | $37.09 | x |
| 2012-05-31 | $0.72 | $37.09 | x |
| 2013-05-31 | $0.53 | $37.09 | x |
| 2014-05-31 | $0.59 | $37.09 | x |
| 2015-05-31 | $0.38 | $37.09 | x |
| 2016-05-31 | $-0.05 | $37.09 | x |
| 2017-05-31 | $1.03 | $37.09 | x |
| 2018-05-31 | $0.85 | $37.09 | x |
| 2019-05-31 | $0.69 | $37.09 | x |
| 2020-05-31 | $0.62 | $37.09 | x |
| 2021-05-31 | $0.49 | $37.09 | x |
| 2022-05-31 | $1.84 | $37.09 | x |
| 2023-05-31 | $2.59 | $37.09 | x |
| 2024-05-31 | $3.77 | $37.09 | x |
| 2025-05-31 | $4.15 | $37.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aehr Test Systems utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.63%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.21x
- Recent ROE (-3.18%) is above the historical average (-22.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 32.67% | 7.86% | 1.72x | 2.42x | $2.29 Million |
| 1998 | 6.02% | 5.89% | 0.87x | 1.18x | $-1.59 Million |
| 1999 | -6.35% | -12.84% | 0.44x | 1.12x | $-6.00 Million |
| 2000 | -7.59% | -10.63% | 0.60x | 1.19x | $-6.04 Million |
| 2001 | -0.41% | -0.45% | 0.78x | 1.14x | $-3.62 Million |
| 2002 | -17.62% | -41.91% | 0.37x | 1.13x | $-8.26 Million |
| 2003 | -17.93% | -30.11% | 0.53x | 1.11x | $-7.08 Million |
| 2004 | -17.83% | -25.06% | 0.59x | 1.21x | $-6.18 Million |
| 2005 | -27.91% | -30.29% | 0.75x | 1.23x | $-6.62 Million |
| 2006 | 4.30% | 3.40% | 0.96x | 1.32x | $-1.07 Million |
| 2007 | 10.71% | 8.88% | 0.95x | 1.26x | $161.20K |
| 2008 | 27.99% | 27.08% | 0.86x | 1.20x | $6.80 Million |
| 2009 | -300.82% | -140.01% | 1.54x | 1.40x | $-30.97 Million |
| 2010 | -4.26% | -4.12% | 0.81x | 1.28x | $-1.61 Million |
| 2011 | -37.06% | -24.55% | 1.14x | 1.33x | $-4.28 Million |
| 2012 | -52.51% | -21.83% | 1.34x | 1.80x | $-4.03 Million |
| 2013 | -68.19% | -20.74% | 1.50x | 2.19x | $-3.92 Million |
| 2014 | 5.99% | 2.14% | 1.61x | 1.73x | $-283.00K |
| 2015 | -145.51% | -66.35% | 0.67x | 3.25x | $-7.10 Million |
| 2016 | 0.00% | -46.79% | 1.44x | 0.00x | $-6.71 Million |
| 2017 | -33.62% | -29.91% | 0.61x | 1.84x | $-7.33 Million |
| 2018 | 2.74% | 1.79% | 0.95x | 1.60x | $-1.40 Million |
| 2019 | -33.84% | -24.86% | 0.99x | 1.38x | $-6.78 Million |
| 2020 | -19.90% | -12.57% | 1.08x | 1.46x | $-4.21 Million |
| 2021 | -17.70% | -12.21% | 0.77x | 1.89x | $-3.17 Million |
| 2022 | 18.53% | 18.59% | 0.82x | 1.22x | $4.35 Million |
| 2023 | 19.26% | 22.41% | 0.66x | 1.30x | $7.00 Million |
| 2024 | 29.71% | 50.07% | 0.52x | 1.15x | $22.00 Million |
| 2025 | -3.18% | -6.63% | 0.40x | 1.21x | $-16.20 Million |
Industry Comparison
This section compares Aehr Test Systems's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $17,271,591,669
- Average return on equity (ROE) among peers: 13.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aehr Test Systems (AEHR) | $130.78 Million | 32.67% | 0.14x | $1.01 Billion |
| Axcelis Technologies Inc (ACLS) | $205.57 Million | -8.55% | 0.37x | $2.62 Billion |
| Acm Research Inc (ACMR) | $2.48 Million | 41.49% | 16.89x | $2.51 Billion |
| Advantest Corporation (ADTTF) | $140.94 Billion | 9.19% | 0.94x | $27.29 Billion |
| AEM Holdings Ltd. (AEMFF) | $211.43 Million | 46.16% | 0.59x | $164.30 Million |
| AIXTRON SE (AIXXF) | $910.07 Million | 9.37% | 0.14x | $996.24 Million |
| Applied Materials Inc (AMAT) | $254.40 Million | 20.24% | 0.71x | $278.50 Billion |
| Ambarella Inc (AMBA) | $561.41 Million | -20.86% | 0.23x | $2.14 Billion |
| Amkor Technology Inc (AMKR) | $4.00 Billion | 9.01% | 0.69x | $5.65 Billion |
| ASML Holding NV (ASMLF) | $8.37 Billion | 16.95% | 0.56x | $267.08 Billion |