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Advantest Corp
TSE:6857

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Advantest Corp
TSE:6857
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Price: 29 440 JPY 5.52% Market Closed
Market Cap: ¥21.6T

P/B

31.7
Current
196%
More Expensive
vs 3-y average of 10.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
31.7
=
Market Cap
¥20.8T
/
Total Equity
¥674.3B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
31.7
=
Market Cap
¥20.8T
/
Total Equity
¥674.3B

Valuation Scenarios

Advantest Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (10.7), the stock would be worth ¥9 940.65 (66% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-96%
Maximum Upside
No Upside Scenarios
Average Downside
82%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 31.7 ¥29 440
0%
3-Year Average 10.7 ¥9 940.65
-66%
5-Year Average 8.5 ¥7 883.6
-73%
Industry Average 2.3 ¥2 163.88
-93%
Country Average 1.4 ¥1 312.15
-96%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
JP
Advantest Corp
TSE:6857
21.4T JPY 31.7 74.1
NL
ASML Holding NV
AEX:ASML
481.6B EUR 19.9 47.2
US
Lam Research Corp
NASDAQ:LRCX
334.9B USD 31.6 49.9
US
Applied Materials Inc
NASDAQ:AMAT
331B USD 15.2 42.2
US
KLA Corp
NASDAQ:KLAC
253.8B USD 46.4 55.7
US
Brooks Automation Inc
LSE:0HQ1
234.5B USD 136.7 -4 053.1
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 10.5 41.8
US
Teradyne Inc
NASDAQ:TER
65.3B USD 23.3 117.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
344.2B CNY 8.9 61
JP
Disco Corp
TSE:6146
7.8T JPY 13.2 57.4
NL
ASM International NV
AEX:ASM
42.4B EUR 10.6 42.8
P/E Multiple
Earnings Growth PEG
JP
Advantest Corp
TSE:6857
Average P/E: 59
74.1
50%
1.5
NL
ASML Holding NV
AEX:ASML
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
49.9
24%
2.1
US
Applied Materials Inc
NASDAQ:AMAT
42.2
20%
2.1
US
KLA Corp
NASDAQ:KLAC
55.7
22%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 053.1 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
41.8
13%
3.2
US
Teradyne Inc
NASDAQ:TER
117.7
44%
2.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
61
N/A N/A
JP
Disco Corp
TSE:6146
57.4
N/A N/A
NL
ASM International NV
AEX:ASM
42.8
23%
1.9

Market Distribution

Higher than 99% of companies in Japan
Percentile
99th
Based on 5 195 companies
99th percentile
31.7
Low
0 — 1.1
Typical Range
1.1 — 2.1
High
2.1 —
Distribution Statistics
Japan
Min 0
30th Percentile 1.1
Median 1.4
70th Percentile 2.1
Max 31 732 017.6

Advantest Corp
Glance View

In the bustling world of semiconductor production, Advantest Corp. has carved out a significant niche for itself as a leading provider of semiconductor test equipment. Founded in Japan’s capital, Tokyo, Advantest has risen to prominence by arming chip manufacturers with the essential tools required to ensure their products meet rigorous standards before reaching the market. The company's core business surrounds the design, production, and marketing of automatic test equipment (ATE) for semiconductors, which are indispensable in verifying the performance and reliability of integrated circuits. As the demand for electronics continues to surge globally, fueled by sectors such as mobile technology, automotive electronics, and data centers, Advantest’s role as a gatekeeper in semiconductor quality remains ever crucial. Advantest's financial model thrives on the backbone of innovation and cutting-edge technology. The firm invests heavily in research and development, continuously seeking advancements that will speed up testing times and reduce costs, thereby providing a competitive edge to their clients in the semiconductor industry. Revenue streams primarily flow from the sale of these advanced testing machines, which are crucial for tech giants as they race to shrink chip sizes while increasing computing power. With its global presence, Advantest not only supplies these high-tech tools but also offers associated services and support, further solidifying its relationships within the intricate semiconductor supply chain, ensuring that as technology evolves, so does their foothold in the marketplace.

Intrinsic Value
10 820.19 JPY
Overvaluation 63%
Intrinsic Value
Price ¥29 440
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