Teradyne, Inc.

SWX:TER Stock Report

Market Cap: CHF 53.9b

Teradyne Valuation

Is TER undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of TER when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TER (CHF363.13) is trading above our estimate of future cash flow value (CHF188.91)

Significantly Below Future Cash Flow Value: TER is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TER?

Key metric: As TER is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TER. This is calculated by dividing TER's market cap by their current earnings.
What is TER's PE Ratio?
PE Ratio78.3x
EarningsUS$854.06m
Market CapUS$66.90b

Price to Earnings Ratio vs Peers

How does TER's PE Ratio compare to its peers?

The above table shows the PE ratio for TER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average84x
ASM ASM International
46.2x13.43%€45.8b
6146 Disco
61.5x15.78%JP¥8.3t
7769 Hon. Precision
87.7x43.73%NT$1.3t
688012 Advanced Micro-Fabrication Equipment China
140.4x25.45%CN¥383.1b
TER Teradyne
78.3x23.48%CHF 66.9b

Price-To-Earnings vs Peers: TER is good value based on its Price-To-Earnings Ratio (78.3x) compared to the peer average (84x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TER's PE Ratio compare vs other companies in the European Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TER 78.3xIndustry Avg. 57.1xNo. of Companies4PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TER is expensive based on its Price-To-Earnings Ratio (78.3x) compared to the European Semiconductor industry average (59.9x).

Price to Earnings Ratio vs Fair Ratio

What is TER's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TER's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 337.22
0%
18.93%CHF 445.15CHF 218.53n/a17
Jun ’27n/a
CHF 290.70
0%
14.80%CHF 369.73CHF 212.40n/a17
May ’27n/a
CHF 288.75
0%
14.80%CHF 367.26CHF 210.98n/a17
Apr ’27n/a
CHF 252.56
0%
9.59%CHF 319.93CHF 199.96n/a17
Mar ’27n/a
CHF 233.54
0%
15.68%CHF 308.60CHF 142.73n/a17
Feb ’27n/a
CHF 179.61
0%
24.45%CHF 309.20CHF 108.22n/a17
Jan ’27n/a
CHF 160.55
0%
12.11%CHF 190.87CHF 111.34n/a16
Dec ’26n/a
CHF 149.14
0%
14.26%CHF 173.62CHF 100.94n/a16
Nov ’26n/a
CHF 139.91
0%
18.31%CHF 173.00CHF 94.14n/a16
Oct ’26n/a
CHF 96.96
0%
19.37%CHF 159.20CHF 67.66n/a16
Sep ’26n/a
CHF 93.03
0%
11.52%CHF 106.61CHF 68.14n/a16
Aug ’26n/a
CHF 91.84
0%
12.85%CHF 108.03CHF 69.04n/a16
Jul ’26n/a
CHF 77.19
0%
15.63%CHF 107.09CHF 54.75CHF 363.1316
Jun ’26n/a
CHF 79.20
0%
17.12%CHF 109.17CHF 55.82n/a16
May ’26n/a
CHF 84.01
0%
17.57%CHF 110.33CHF 56.41n/a16
Apr ’26n/a
CHF 103.40
0%
15.69%CHF 137.10CHF 71.65n/a17
Mar ’26n/a
CHF 122.91
0%
12.02%CHF 148.97CHF 90.28n/a16
Feb ’26CHF 105.92
CHF 124.03
+17.10%
11.74%CHF 150.27CHF 91.07n/a17
Jan ’26n/a
CHF 123.39
0%
13.24%CHF 162.10CHF 99.96n/a18
Dec ’25n/a
CHF 118.74
0%
12.83%CHF 158.76CHF 97.02n/a18
Nov ’25n/a
CHF 117.99
0%
12.55%CHF 155.96CHF 95.31n/a18
Oct ’25n/a
CHF 124.50
0%
10.40%CHF 155.67CHF 103.78n/a18
Sep ’25n/a
CHF 124.50
0%
10.40%CHF 155.67CHF 103.78n/a18
Aug ’25n/a
CHF 128.65
0%
10.01%CHF 159.01CHF 106.01n/a18
Jul ’25n/a
CHF 115.82
0%
14.85%CHF 150.29CHF 88.41n/a19
CHF 354.05
Fair Value
2.6% overvalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 03:50
End of Day Share Price 2026/06/25 00:00
Earnings2026/03/29
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Teradyne, Inc. is covered by 34 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Steven LiuAletheia Analyst Network Limited
Quinn FredricksonBaird
Robert MasonBaird