Aehr Test Systems (AEHR) - Net Assets
Based on the latest financial reports, Aehr Test Systems (AEHR) has net assets worth $219.51 Million USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($246.69 Million) and total liabilities ($27.18 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. Check Aehr Test Systems strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $219.51 Million |
| % of Total Assets | 88.98% |
| Annual Growth Rate | 11.2% |
| 5-Year Change | 330.51% |
| 10-Year Change | 1207.08% |
| Growth Volatility | 91.96 |
Aehr Test Systems - Net Assets Trend (1997–2026)
This chart illustrates how Aehr Test Systems's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Aehr Test Systems market cap and net worth.
Annual Net Assets for Aehr Test Systems (1997–2026)
The table below shows the annual net assets of Aehr Test Systems from 1997 to 2026. Also explore Aehr Test Systems net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $219.51 Million | +78.65% |
| 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 3008600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $325.00K | 0.15% |
| Other Comprehensive Income | $-105.00K | -0.05% |
| Other Components | $249.48 Million | 113.65% |
| Total Equity | $219.51 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 |
|---|---|
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$2.75 Billion |
|
Ambarella Inc
NASDAQ:AMBA
|
$2.75 Billion |
|
Anhui Expressway Co Ltd
SHG:600012
|
$2.75 Billion |
|
Beijing Haohua Energy Resource Co Ltd
SHG:601101
|
$2.75 Billion |
|
Guizhou Chanhen Chemical Corp
SHE:002895
|
$2.75 Billion |
|
TIME Dotcom Bhd
KLSE:5031
|
$2.74 Billion |
|
Hainan Mining Co Ltd
SHG:601969
|
$2.74 Billion |
|
Shandong Dongyue Organosilicon Mat
SHE:300821
|
$2.74 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 2025 to 2026, total equity changed from 122,871,000 to 219,511,000, a change of 96,640,000 (78.7%).
- Net loss of 7,126,000 reduced equity.
- Share repurchases of 2,364,000 reduced equity.
- New share issuances of 97,395,000 increased equity.
- Other comprehensive income increased equity by 21,001.
- Other factors increased equity by 8,713,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.13 Million | -3.25% |
| Share Repurchases | $2.36 Million | -1.08% |
| Share Issuances | $97.39 Million | +44.37% |
| Other Comprehensive Income | $21.00K | +0.01% |
| Other Changes | $8.71 Million | +3.97% |
| Total Change | $- | 78.65% |
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: 11.77x
- 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 37.54x to 11.77x 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 | $84.25 | x |
| 1998-05-31 | $5.91 | $84.25 | x |
| 1999-05-31 | $5.35 | $84.25 | x |
| 2000-05-31 | $5.04 | $84.25 | x |
| 2001-05-31 | $4.85 | $84.25 | x |
| 2002-05-31 | $4.18 | $84.25 | x |
| 2003-05-31 | $3.54 | $84.25 | x |
| 2004-05-31 | $3.06 | $84.25 | x |
| 2005-05-31 | $2.35 | $84.25 | x |
| 2006-05-31 | $2.47 | $84.25 | x |
| 2007-05-31 | $2.76 | $84.25 | x |
| 2008-05-31 | $4.44 | $84.25 | x |
| 2009-05-31 | $1.18 | $84.25 | x |
| 2010-05-31 | $1.32 | $84.25 | x |
| 2011-05-31 | $1.04 | $84.25 | x |
| 2012-05-31 | $0.72 | $84.25 | x |
| 2013-05-31 | $0.53 | $84.25 | x |
| 2014-05-31 | $0.59 | $84.25 | x |
| 2015-05-31 | $0.38 | $84.25 | x |
| 2016-05-31 | $-0.06 | $84.25 | x |
| 2017-05-31 | $1.03 | $84.25 | x |
| 2018-05-31 | $0.85 | $84.25 | x |
| 2019-05-31 | $0.69 | $84.25 | x |
| 2020-05-31 | $0.62 | $84.25 | x |
| 2021-05-31 | $0.49 | $84.25 | x |
| 2022-05-31 | $1.84 | $84.25 | x |
| 2023-05-31 | $2.59 | $84.25 | x |
| 2024-05-31 | $3.77 | $84.25 | x |
| 2025-05-31 | $4.15 | $84.25 | x |
| 2026-05-31 | $7.16 | $84.25 | 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): -3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.25%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.12x
- Recent ROE (-3.25%) is above the historical average (-21.94%), 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 | -146.09% | -66.35% | 0.67x | 3.27x | $-7.10 Million |
| 2016 | 0.00% | -46.79% | 1.44x | 0.00x | $-6.71 Million |
| 2017 | -33.66% | -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 |
| 2026 | -3.25% | -14.25% | 0.20x | 1.12x | $-29.08 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: $1,165,162,564
- Average return on equity (ROE) among peers: -1.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aehr Test Systems (AEHR) | $219.51 Million | 32.67% | 0.12x | $2.75 Billion |
| Axcelis Technologies Inc (ACLS) | $353.61 Million | 35.90% | 0.38x | $3.20 Billion |
| Acm Research Inc (ACMR) | $926.16 Million | 8.35% | 0.61x | $4.16 Billion |
| Applied Materials Inc (AMAT) | $6.65 Billion | 22.80% | 0.43x | $329.79 Billion |
| Ambarella Inc (AMBA) | $474.98 Million | -12.59% | 0.21x | $2.75 Billion |
| Amkor Technology Inc (AMKR) | $737.74 Million | 10.40% | 1.38x | $11.47 Billion |
| ASML Holding NV ADR (ASML) | $1.25 Billion | -38.46% | 1.93x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $6.70 Million | 5.97% | 0.30x | $242.49 Million |
| Atomera Inc (ATOM) | $25.85 Million | -48.79% | 0.04x | $149.75 Million |
| AXT Inc (AXTI) | $62.46 Million | 0.28% | 0.85x | $2.62 Billion |
About Aehr Test Systems
Aehr Test Systems, Inc. provides test solutions for testing, burn-in, and semiconductor devices at wafer level, singulated die, and package level in the United States, Asia, Europe, and the Middle East. The company offers FOX-XP and FOX-NP systems, which are full wafer contact and singulated die/module test and burn-in systems that test, burn-in, and stabilize a range of devices, including silico… Read more