diff --git a/src/plugins/template/tests/functional/op_reference/base_reference_test.cpp b/src/plugins/template/tests/functional/op_reference/base_reference_test.cpp
index 6445ad97c46..239405dbca6 100644
--- a/src/plugins/template/tests/functional/op_reference/base_reference_test.cpp
+++ b/src/plugins/template/tests/functional/op_reference/base_reference_test.cpp
@@ -100,9 +100,13 @@ void CommonReferenceTest::ValidateBlobs(const ov::Tensor& refBlob,
 
     if (actual_comparision_size == 0)
         actual_comparision_size = refBlob.get_size();
-
+    // compare() get fundamental element type with element_type_traits firstly and cast data to relative ov type with
+    // 'from' types listed below have a fundamental analogue as int8_t, but int8_t is converted only to i8 with from
+    std::vector<ov::element::Type> raw_data_comp_only =
+        {ov::element::u1, ov::element::u2, ov::element::u3, ov::element::u4, ov::element::u6, ov::element::i4};
     const auto& element_type = refBlob.get_element_type();
-    if (!legacy_compare) {
+    if (!legacy_compare &&
+        std::find(raw_data_comp_only.begin(), raw_data_comp_only.end(), element_type) == raw_data_comp_only.end()) {
         switch (element_type) {
         case ov::element::boolean:
         case ov::element::bf16:
@@ -117,9 +121,17 @@ void CommonReferenceTest::ValidateBlobs(const ov::Tensor& refBlob,
         case ov::element::u16:
         case ov::element::u32:
         case ov::element::u64:
+        case ov::element::f8e4m3:
+        case ov::element::f8e5m2:
             ov::test::utils::compare(refBlob, outBlob, abs_threshold, threshold);
-            return;
+            break;
+        case ov::element::string:
+            ov::test::utils::compare_str(refBlob, outBlob);
+            break;
+        default:
+            FAIL() << "Comparator for " << element_type << " element type isn't supported";
         }
+        return;
     }
     switch (element_type) {
     case ov::element::bf16:
diff --git a/src/plugins/template/tests/functional/op_reference/memory.cpp b/src/plugins/template/tests/functional/op_reference/memory.cpp
index 4c76ef03a26..59ad59106eb 100644
--- a/src/plugins/template/tests/functional/op_reference/memory.cpp
+++ b/src/plugins/template/tests/functional/op_reference/memory.cpp
@@ -109,19 +109,23 @@ private:
 
 TEST_P(ReferenceReadValueAssignV3LayerTest, ReadValueAssignWithHardcodedRefs) {
     Exec();
-    const int COUNT_RUNS = 10;
-    for (int i = 0; i < COUNT_RUNS; ++i) {
-        Infer();
-        Validate();
+    if (executableNetwork) {
+        const int COUNT_RUNS = 10;
+        for (int i = 0; i < COUNT_RUNS; ++i) {
+            Infer();
+            Validate();
+        }
     }
 }
 
 TEST_P(ReferenceReadValueAssignV6LayerTest, ReadValueAssignWithHardcodedRefs) {
     Exec();
-    const int COUNT_RUNS = 10;
-    for (int i = 0; i < COUNT_RUNS; ++i) {
-        Infer();
-        Validate();
+    if (executableNetwork) {
+        const int COUNT_RUNS = 10;
+        for (int i = 0; i < COUNT_RUNS; ++i) {
+            Infer();
+            Validate();
+        }
     }
 }
 
diff --git a/src/tests/test_utils/common_test_utils/src/ov_tensor_utils.cpp b/src/tests/test_utils/common_test_utils/src/ov_tensor_utils.cpp
index 3ce60ecdb16..49c6d8def15 100644
--- a/src/tests/test_utils/common_test_utils/src/ov_tensor_utils.cpp
+++ b/src/tests/test_utils/common_test_utils/src/ov_tensor_utils.cpp
@@ -625,6 +625,8 @@ void compare(const ov::Tensor& expected,
             CASE0(X, ov::element::Type_t::u16)           \
             CASE0(X, ov::element::Type_t::u32)           \
             CASE0(X, ov::element::Type_t::u64)           \
+            CASE0(X, ov::element::Type_t::f8e4m3)        \
+            CASE0(X, ov::element::Type_t::f8e5m2)        \
         default:                                         \
             OPENVINO_THROW("Unsupported element type: ", \
                            "expected ",                  \
@@ -651,6 +653,8 @@ void compare(const ov::Tensor& expected,
         CASE(ov::element::Type_t::u16)
         CASE(ov::element::Type_t::u32)
         CASE(ov::element::Type_t::u64)
+        CASE(ov::element::Type_t::f8e4m3)
+        CASE(ov::element::Type_t::f8e5m2)
     case ov::element::Type_t::string:
         compare_str(expected, actual);
         break;