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Advantest Corp
TSE:6857

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Advantest Corp
TSE:6857
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Price: 29 750 JPY -5.56% Market Closed
Market Cap: ¥21.8T

P/S

20.9
Current
146%
More Expensive
vs 3-y average of 8.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
20.9
=
Market Cap
¥20.8T
/
Revenue
¥1T

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
20.9
=
Market Cap
¥20.8T
/
Revenue
¥1T

Valuation Scenarios

Advantest Corp is trading above its 3-year average

If P/S returns to its 3-Year Average (8.5), the stock would be worth ¥12 111.6 (59% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-95%
Maximum Upside
No Upside Scenarios
Average Downside
77%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 20.9 ¥29 750
0%
3-Year Average 8.5 ¥12 111.6
-59%
5-Year Average 5.9 ¥8 387.74
-72%
Industry Average 3.3 ¥4 728.4
-84%
Country Average 1.1 ¥1 565.08
-95%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥20.8T
/
Jan 2026
¥1T
=
20.9
Current
¥20.8T
/
Mar 2026
¥1.1T
=
19.1
Forward
¥20.8T
/
Mar 2027
¥1.4T
=
14.9
Forward
¥20.8T
/
Mar 2028
¥1.7T
=
12.6
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
JP
Advantest Corp
TSE:6857
21.6T JPY 20.9 74.9
NL
ASML Holding NV
AEX:ASML
451.6B EUR 13.8 44.2
US
Lam Research Corp
NASDAQ:LRCX
314.2B USD 14.5 46.8
US
Applied Materials Inc
NASDAQ:AMAT
302.5B USD 10.7 38.6
US
KLA Corp
NASDAQ:KLAC
237.2B USD 18.6 52
US
Brooks Automation Inc
LSE:0HQ1
224.7B USD 377.8 -3 884.7
JP
Tokyo Electron Ltd
TSE:8035
20.7T JPY 8.7 41.1
US
Teradyne Inc
NASDAQ:TER
59.3B USD 18.6 107
CN
NAURA Technology Group Co Ltd
SZSE:002371
374.8B CNY 9.3 66.6
JP
Disco Corp
TSE:6146
8.3T JPY 19 61.2
NL
ASM International NV
AEX:ASM
39.7B EUR 12.4 40
P/E Multiple
Earnings Growth PEG
JP
Advantest Corp
TSE:6857
Average P/E: 57.3
74.9
50%
1.5
NL
ASML Holding NV
AEX:ASML
44.2
20%
2.2
US
Lam Research Corp
NASDAQ:LRCX
46.8
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
38.6
20%
1.9
US
KLA Corp
NASDAQ:KLAC
52
22%
2.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 884.7 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
41.1
13%
3.2
US
Teradyne Inc
NASDAQ:TER
107
44%
2.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
66.6
N/A N/A
JP
Disco Corp
TSE:6146
61.2
N/A N/A
NL
ASM International NV
AEX:ASM
40
23%
1.7

Market Distribution

Higher than 99% of companies in Japan
Percentile
99th
Based on 5 249 companies
99th percentile
20.9
Low
0 — 0.7
Typical Range
0.7 — 1.9
High
1.9 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1.1
70th Percentile 1.9
Max 12 107 466

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 64%
Intrinsic Value
Price ¥29 750
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