$Advantest (6857.JP)$In the semiconductor testing and electr...

$Advantest (6857.JP)$In the semiconductor testing and electronic measuring equipment business, revenue and profit all peaked in 2023. In the first 3 quarters of 2024, revenue contracted 15%, operating profit shrank 52%, and net profit shrank 53%. Currently, the price-earnings ratio is 40.4, and the price-earnings ratio is TTM 66.8. If you calculate the 5-year average net profit of 80 billion yuan, the corresponding price-earnings ratio is 64.8, and the valuation is not very attractive.