Aehr Test Systems
15.36xPrice / tangible book
Market cap
$3.06B
Tangible equity (USD)
$199.24M
Price / tangible book
15.36x
Price / book
13.94x
Net income / ending equity
-3.2%
Net income / ending assets
-2.9%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: AEHR stock price at premium vs MS $93.81 current versus $22.95 implied using P/TBV multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MS's multiple
Implied fair value · at AEHR's multiple
Snapshot Sep 10, 2026, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple premium
Multiple premium
Profitability lag
Asset efficiency lag
Lower is better
Statements
Reported bank earnings and balances, with each company’s reporting period shown.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
17 period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$3.06B
Tangible equity (USD)
$199.24M
Price / tangible book
15.36x
Price / book
13.94x
Net income / ending equity
-3.2%
Net income / ending assets
-2.9%
Efficiency ratio
—
Price / tangible book
Market cap
$334.00B
Tangible equity (USD)
$88.90B
Price / tangible book
3.76x
Price / book
2.99x
Net income / ending equity
15.1%
Net income / ending assets
1.2%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
AEHR TEST SYSTEMS · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
MORGAN STANLEY · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
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AEHR vs WFC
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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