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TER

Teradyne Inc

US$415.79+3.71% (US$14.88)
Day's range
US$401.24 – US$419.37
Day's volume
US$709.3m
52-week range
US$131.82 – US$483.65

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TER in numbers

Market cap
US$65bn
P/E
56.52
P/B
18.91
Dividend yield (12m)
0.12%
Net debt/EBITDA
-0.24

The 12-month dividend yield of TER is 0.12%, below its 5-year average of 0.36%.

TER price history

02/10/202501/10/2026
Compare with

TER risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+191.84%+303.41%+274.31%
Volatility (annualised)61.16%52.28%49.57%
Largest drawdown-27.70%-49.80%-53.98%
Positive months9/1224/3638/60

How much did investing in TER return?

US$1,000.00 invested on 01/09/2021 would be worth US$3,743.05 today.

Value today in TER
US$3,743.05
Return over the period
+274.31%
Return per year
+30.21%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

TER fundamentals

Valuation

  • P/E
    56.52
  • P/B
    18.91
  • EV/EBITDA
    43.63
  • EV/EBIT
    47.92
  • EV/Revenue
    14.48
  • P/EBIT
    48.18
  • P/S
    14.56
  • P/OCF
    61.04
  • P/FCF
    81.26
  • Earnings yield
    2.09%
  • PEG ratio
    —
  • Earnings per share
    US$7.36
  • Book value per share
    US$21.99

Debt

  • Net debt
    -US$349.5m
  • Net debt/EBITDA
    -0.24
  • Net debt/Equity
    -0.10
  • Debt/Equity
    0.00
  • Current ratio
    2.12
  • Quick ratio
    1.76
  • Cash ratio
    0.31

Efficiency

  • Gross margin
    59.24%
  • EBITDA margin
    33.20%
  • Operating margin
    30.23%
  • Net margin
    25.77%
  • Asset turnover
    0.91

Profitability

  • ROE
    33.46%
  • ROA
    23.35%
  • ROIC
    37.81%
  • Payout
    6.93%

What is TER's fair price?

Two classic value formulas, with today's numbers. The current price is US$415.79.

Graham's fair price
US$60.33
85.49% below the price

√(22.50 × US$7.36 × US$21.99)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$7.47
98.20% below the price

US$0.45 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

TER indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E54.6937.5537.0219.0526.1825.4924.3312.06
P/B10.847.226.585.5610.379.067.683.58
EV/EBITDA38.8328.5427.1514.4620.0318.9416.879.28
Dividend yield0.25%0.38%0.41%0.50%0.24%0.33%0.53%1.15%
Earnings per shareUS$3.54US$3.35US$2.93US$4.59US$6.25US$4.70US$2.80US$2.60
Book value per shareUS$17.86US$17.43US$16.50US$15.71US$15.78US$13.24US$8.87US$8.77
ROE19.82%19.24%17.77%29.19%39.59%35.53%31.58%29.68%
ROIC21.14%19.00%16.94%28.90%40.95%36.61%33.26%30.06%
Gross margin58.22%58.48%57.42%59.18%59.59%57.21%58.38%58.09%
EBITDA margin24.39%25.30%22.87%29.88%35.82%33.80%29.38%27.94%
Net margin17.37%19.23%16.77%22.68%27.40%25.12%20.37%21.51%
Net debt/EBITDA-0.12———————

TER financial statements

Line202520242023202220212020
Net revenueUS$3.2bnUS$2.8bnUS$2.7bnUS$3.2bnUS$3.7bnUS$3.1bn
Cost of sales-US$1.3bn-US$1.2bn-US$1.1bn-US$1.3bn-US$1.5bn-US$1.3bn
Gross profitUS$1.9bnUS$1.6bnUS$1.5bnUS$1.9bnUS$2.2bnUS$1.8bn
EBITDAUS$778mUS$713.5mUS$612mUS$942.6mUS$1.3bnUS$1.1bn
EBITUS$650.1mUS$593.8mUS$501.1mUS$831.9mUS$1.2bnUS$928.4m
Net finance result——————
Profit before taxUS$653.3mUS$609.1mUS$525.6mUS$840.4mUS$1.2bnUS$901m
Income tax-US$79.3m-US$59.5m-US$76.8m-US$124.9m-US$146.4m-US$116.9m
Net incomeUS$554mUS$542.4mUS$448.8mUS$715.5mUS$1bnUS$784.1m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does TER pay dividends?

Dividend yield per year

  • 0.67%2017
  • 1.15%2018
  • 0.53%2019
  • 0.33%2020
  • 0.24%2021
  • 0.50%2022
  • 0.41%2023
  • 0.38%2024
  • 0.25%2025
  • 0.09%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend03/09/202625/09/2026US$0.13
Dividend20/05/202612/06/2026US$0.13
Dividend12/02/202613/03/2026US$0.13
Dividend21/11/202517/12/2025US$0.12
Dividend04/09/202529/09/2025US$0.12
Dividend21/05/202513/06/2025US$0.12
Dividend13/02/202514/03/2025US$0.12
Dividend22/11/202418/12/2024US$0.12
Dividend04/09/202427/09/2024US$0.12
Dividend20/05/202414/06/2024US$0.12
Dividend14/02/202415/03/2024US$0.12
Dividend23/11/202320/12/2023US$0.11
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend30/08/202325/09/2023US$0.11
Dividend22/05/202316/06/2023US$0.11
Dividend15/02/202317/03/2023US$0.11
Dividend24/11/202221/12/2022US$0.11
Dividend29/08/202223/09/2022US$0.11
Dividend23/05/202217/06/2022US$0.11
Dividend16/02/202218/03/2022US$0.11
Dividend22/11/202117/12/2021US$0.10
Dividend30/08/202124/09/2021US$0.10
Dividend24/05/202118/06/2021US$0.10
Dividend17/02/202119/03/2021US$0.10
Dividend23/11/202018/12/2020US$0.10
Dividend01/09/202025/09/2020US$0.10
Dividend25/05/202019/06/2020US$0.10
Dividend19/02/202020/03/2020US$0.10
Dividend25/11/201920/12/2019US$0.09
Dividend02/09/201927/09/2019US$0.09
Dividend27/05/201921/06/2019US$0.09
Dividend20/02/201922/03/2019US$0.09
Dividend26/11/201821/12/2018US$0.09
Dividend03/09/201828/09/2018US$0.09
Dividend29/05/201822/06/2018US$0.09
Dividend21/02/201823/03/2018US$0.09
Dividend27/11/201721/12/2017US$0.07
Dividend05/09/201729/09/2017US$0.07
Dividend29/05/201723/06/2017US$0.07
Dividend21/02/201720/03/2017US$0.07
Dividend25/11/201622/12/2016US$0.06

About Teradyne

Sector
Manufacturing

Questions about TER

How much is TER today?

TER is at US$415.79 (3.71% on the day), last traded on 01/10/2026.

How much did TER pay in dividends in 2025?

TER paid US$0.48 per share in 2025, a dividend yield of 0.25%.

What are the P/E and P/B of TER?

TER trades at a P/E of 56.52 and a P/B of 18.91.

How much did TER return in 12 months?

TER returned 191.84% in 12 months, with annualised volatility of 61.16% and a largest drawdown of -27.70%.