KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

297.5 USD
+8.54 (+2.96%)
Last:

This KEYS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. KEYS Profitability Analysis

1.1 Basic Checks

  • KEYS had positive earnings in the past year.
  • KEYS had a positive operating cash flow in the past year.
  • KEYS had positive earnings in each of the past 5 years.
  • In the past 5 years KEYS always reported a positive cash flow from operatings.
KEYS Yearly Net Income VS EBIT VS OCF VS FCFKEYS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

1.2 Ratios

  • The Return On Assets of KEYS (8.38%) is better than 87.10% of its industry peers.
  • With an excellent Return On Equity value of 15.50%, KEYS belongs to the best of the industry, outperforming 84.68% of the companies in the same industry.
  • KEYS has a better Return On Invested Capital (7.08%) than 70.97% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KEYS is in line with the industry average of 8.35%.
Industry RankSector Rank
ROA 8.38%
ROE 15.5%
ROIC 7.08%
ROA(3y)8.77%
ROA(5y)10.34%
ROE(3y)16.4%
ROE(5y)19.97%
ROIC(3y)10.18%
ROIC(5y)11.65%
KEYS Yearly ROA, ROE, ROICKEYS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 16.95%, KEYS belongs to the top of the industry, outperforming 93.55% of the companies in the same industry.
  • KEYS's Profit Margin has been stable in the last couple of years.
  • KEYS has a Operating Margin of 15.96%. This is amongst the best in the industry. KEYS outperforms 91.13% of its industry peers.
  • KEYS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of KEYS (61.86%) is better than 95.16% of its industry peers.
  • KEYS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.96%
PM (TTM) 16.95%
GM 61.86%
OM growth 3Y-12.84%
OM growth 5Y-1.26%
PM growth 3Y-8.64%
PM growth 5Y1.26%
GM growth 3Y-0.83%
GM growth 5Y0.68%
KEYS Yearly Profit, Operating, Gross MarginsKEYS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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7

2. KEYS Health Analysis

2.1 Basic Checks

  • KEYS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for KEYS has been reduced compared to 1 year ago.
  • The number of shares outstanding for KEYS has been reduced compared to 5 years ago.
  • KEYS has a worse debt/assets ratio than last year.
KEYS Yearly Shares OutstandingKEYS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
KEYS Yearly Total Debt VS Total AssetsKEYS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 7.59 indicates that KEYS is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 7.59, KEYS belongs to the top of the industry, outperforming 83.06% of the companies in the same industry.
  • KEYS has a debt to FCF ratio of 1.89. This is a very positive value and a sign of high solvency as it would only need 1.89 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.89, KEYS is doing good in the industry, outperforming 78.23% of the companies in the same industry.
  • KEYS has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.41, KEYS is not doing good in the industry: 68.55% of the companies in the same industry are doing better.
  • Even though the debt/equity ratio score it not favorable for KEYS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.89
Altman-Z 7.59
ROIC/WACC0.75
WACC9.39%
KEYS Yearly LT Debt VS Equity VS FCFKEYS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.3 Liquidity

  • KEYS has a Current Ratio of 2.60. This indicates that KEYS is financially healthy and has no problem in meeting its short term obligations.
  • KEYS has a Current ratio (2.60) which is in line with its industry peers.
  • A Quick Ratio of 2.02 indicates that KEYS has no problem at all paying its short term obligations.
  • KEYS's Quick ratio of 2.02 is in line compared to the rest of the industry. KEYS outperforms 58.87% of its industry peers.
Industry RankSector Rank
Current Ratio 2.6
Quick Ratio 2.02
KEYS Yearly Current Assets VS Current LiabilitesKEYS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. KEYS Growth Analysis

3.1 Past

  • KEYS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.28%, which is quite good.
  • Measured over the past years, KEYS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.07% on average per year.
  • KEYS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.13%.
  • KEYS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.95% yearly.
EPS 1Y (TTM)16.28%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%19.23%
Revenue 1Y (TTM)13.13%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%23.27%

3.2 Future

  • KEYS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.56% yearly.
  • The Revenue is expected to grow by 11.63% on average over the next years. This is quite good.
EPS Next Y26.42%
EPS Next 2Y20.84%
EPS Next 3Y17.53%
EPS Next 5Y18.56%
Revenue Next Year23.69%
Revenue Next 2Y15.52%
Revenue Next 3Y12.36%
Revenue Next 5Y11.63%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
KEYS Yearly Revenue VS EstimatesKEYS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
KEYS Yearly EPS VS EstimatesKEYS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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Find the best growth stocksShow best growing peers

4

4. KEYS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 39.67, the valuation of KEYS can be described as expensive.
  • KEYS's Price/Earnings ratio is a bit cheaper when compared to the industry. KEYS is cheaper than 61.29% of the companies in the same industry.
  • KEYS is valuated expensively when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 28.49, KEYS can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, KEYS is valued a bit cheaper than 62.90% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of KEYS to the average of the S&P500 Index (22.70), we can say KEYS is valued slightly more expensively.
Industry RankSector Rank
PE 39.67
Fwd PE 28.49
KEYS Price Earnings VS Forward Price EarningsKEYS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • KEYS's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, KEYS is valued a bit cheaper than the industry average as 64.52% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 38.02
EV/EBITDA 40.88
KEYS Per share dataKEYS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • KEYS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • KEYS has an outstanding profitability rating, which may justify a higher PE ratio.
  • KEYS's earnings are expected to grow with 17.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)4.91
EPS Next 2Y20.84%
EPS Next 3Y17.53%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. KEYS Dividend Analysis

5.1 Amount

  • KEYS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

KEYS Fundamentals: All Metrics, Ratios and Statistics

KEYSIGHT TECHNOLOGIES IN

NYSE:KEYS (3/24/2026, 2:01:00 PM)

297.5

+8.54 (+2.96%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-18
Inst Owners93.44%
Inst Owner Change-0.03%
Ins Owners0.47%
Ins Owner Change-0.07%
Market Cap51.02B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts81
Price Target229.11 (-22.99%)
Short Float %1.36%
Short Ratio1.58
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.4%
Min EPS beat(2)2.17%
Max EPS beat(2)6.63%
EPS beat(4)4
Avg EPS beat(4)2.74%
Min EPS beat(4)0.93%
Max EPS beat(4)6.63%
EPS beat(8)7
Avg EPS beat(8)4.19%
EPS beat(12)11
Avg EPS beat(12)4.21%
EPS beat(16)15
Avg EPS beat(16)5.02%
Revenue beat(2)2
Avg Revenue beat(2)1.17%
Min Revenue beat(2)0.5%
Max Revenue beat(2)1.85%
Revenue beat(4)4
Avg Revenue beat(4)0.89%
Min Revenue beat(4)0.5%
Max Revenue beat(4)1.85%
Revenue beat(8)5
Avg Revenue beat(8)0.31%
Revenue beat(12)6
Avg Revenue beat(12)-0.12%
Revenue beat(16)9
Avg Revenue beat(16)0.03%
PT rev (1m)1.55%
PT rev (3m)5.71%
EPS NQ rev (1m)21.4%
EPS NQ rev (3m)21.72%
EPS NY rev (1m)9.43%
EPS NY rev (3m)9.83%
Revenue NQ rev (1m)12.87%
Revenue NQ rev (3m)13.02%
Revenue NY rev (1m)6.81%
Revenue NY rev (3m)7.58%
Valuation
Industry RankSector Rank
PE 39.67
Fwd PE 28.49
P/S 8.99
P/FCF 38.02
P/OCF 34.66
P/B 8.22
P/tB 34.47
EV/EBITDA 40.88
EPS(TTM)7.5
EY2.52%
EPS(NY)10.44
Fwd EY3.51%
FCF(TTM)7.83
FCFY2.63%
OCF(TTM)8.58
OCFY2.89%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.5
PEG (5Y)4.91
Graham Number78.14
Profitability
Industry RankSector Rank
ROA 8.38%
ROE 15.5%
ROCE 9.36%
ROIC 7.08%
ROICexc 9.14%
ROICexgc 24.72%
OM 15.96%
PM (TTM) 16.95%
GM 61.86%
FCFM 23.64%
ROA(3y)8.77%
ROA(5y)10.34%
ROE(3y)16.4%
ROE(5y)19.97%
ROIC(3y)10.18%
ROIC(5y)11.65%
ROICexc(3y)14.62%
ROICexc(5y)16.81%
ROICexgc(3y)29.1%
ROICexgc(5y)30.96%
ROCE(3y)13.45%
ROCE(5y)15.4%
ROICexgc growth 3Y-12.8%
ROICexgc growth 5Y0.81%
ROICexc growth 3Y-26.14%
ROICexc growth 5Y-7.13%
OM growth 3Y-12.84%
OM growth 5Y-1.26%
PM growth 3Y-8.64%
PM growth 5Y1.26%
GM growth 3Y-0.83%
GM growth 5Y0.68%
F-Score5
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.89
Debt/EBITDA 2.08
Cap/Depr 41.27%
Cap/Sales 2.29%
Interest Coverage 8.31
Cash Conversion 120.56%
Profit Quality 139.5%
Current Ratio 2.6
Quick Ratio 2.02
Altman-Z 7.59
F-Score5
WACC9.39%
ROIC/WACC0.75
Cap/Depr(3y)65.29%
Cap/Depr(5y)67.64%
Cap/Sales(3y)3.02%
Cap/Sales(5y)3.2%
Profit Quality(3y)137.21%
Profit Quality(5y)125.07%
High Growth Momentum
Growth
EPS 1Y (TTM)16.28%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%19.23%
EPS Next Y26.42%
EPS Next 2Y20.84%
EPS Next 3Y17.53%
EPS Next 5Y18.56%
Revenue 1Y (TTM)13.13%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%23.27%
Revenue Next Year23.69%
Revenue Next 2Y15.52%
Revenue Next 3Y12.36%
Revenue Next 5Y11.63%
EBIT growth 1Y9.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year42.68%
EBIT Next 3Y20.31%
EBIT Next 5YN/A
FCF growth 1Y13.06%
FCF growth 3Y10.13%
FCF growth 5Y7.34%
OCF growth 1Y7.45%
OCF growth 3Y7.19%
OCF growth 5Y6.76%

KEYSIGHT TECHNOLOGIES IN / KEYS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for KEYSIGHT TECHNOLOGIES IN?

ChartMill assigns a fundamental rating of 6 / 10 to KEYS.


What is the valuation status of KEYSIGHT TECHNOLOGIES IN (KEYS) stock?

ChartMill assigns a valuation rating of 4 / 10 to KEYSIGHT TECHNOLOGIES IN (KEYS). This can be considered as Fairly Valued.


Can you provide the profitability details for KEYSIGHT TECHNOLOGIES IN?

KEYSIGHT TECHNOLOGIES IN (KEYS) has a profitability rating of 8 / 10.


What is the financial health of KEYSIGHT TECHNOLOGIES IN (KEYS) stock?

The financial health rating of KEYSIGHT TECHNOLOGIES IN (KEYS) is 7 / 10.


Can you provide the expected EPS growth for KEYS stock?

The Earnings per Share (EPS) of KEYSIGHT TECHNOLOGIES IN (KEYS) is expected to grow by 26.42% in the next year.