Aehr Test Systems price to free cash flow AEHR

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 461×; Oct 2024
8-year median: 118×
8-year range: 28.2× to 475×
Peer median: 18.6×

Aehr Test Systems' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Oct 2024, at 461×.

On the days it had one over the last 8 years, its median was 118×, from 28.2× in Dec 2018 to 475× in Jul 2023.

Price to free cash flow over time

median 117.9×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2024	461×	51.1×	461×
2023	111×	101×	475×
2022	119×	54.0×	430×
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	29.2×	29.2×	29.6×
2018	29.6×	28.2×	41.9×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	n/m a value too high to mean anything
2014	25.3×	21.5×	27.2×

Against its peers

Companies in Hardware, Equipment & Parts nearest Aehr Test Systems' size, closest first, today.

Company	Price to free cash flow
AEHRAehr Test Systems	n/m
CTSCTS	16.6×
ALNTAllient	54.2×
BHEBenchmark Electronics	18.6×
ITRIItron	10.0×
OLEDUniversal Display	18.2×
BDCBelden	19.2×
VSHVishay Intertechnology	n/m
VREXVarex Imaging	n/m
TRNSTranscat	30.2×
FEIMFrequency Electronics	n/m
Peer median	18.6×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Aehr Test Systems

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.