KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

281.07 USD
-12.05 (-4.11%)
At close:
281.07 USD
0 (0%)
After Hours:

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

  • In the past year KEYS was profitable.
  • In the past year KEYS had a positive cash flow from operations.
  • In the past 5 years KEYS has always been profitable.
  • KEYS had a positive operating cash flow in each of the past 5 years.
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

  • With an excellent Return On Assets value of 8.38%, KEYS belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
  • KEYS has a Return On Equity of 15.50%. This is amongst the best in the industry. KEYS outperforms 84.68% of its industry peers.
  • KEYS has a better Return On Invested Capital (7.08%) than 70.97% of its industry peers.
  • KEYS had an Average Return On Invested Capital over the past 3 years of 10.18%. This is in line with the industry average of 8.36%.
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

  • KEYS has a Profit Margin of 16.95%. This is amongst the best in the industry. KEYS outperforms 93.55% of its industry peers.
  • In the last couple of years the Profit Margin of KEYS has remained more or less at the same level.
  • With an excellent Operating Margin value of 15.96%, KEYS belongs to the best of the industry, outperforming 91.13% of the companies in the same industry.
  • In the last couple of years the Operating Margin of KEYS has remained more or less at the same level.
  • KEYS has a Gross Margin of 61.86%. This is amongst the best in the industry. KEYS outperforms 95.16% of its industry peers.
  • In the last couple of years the Gross Margin of KEYS has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. KEYS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEYS 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.
  • Compared to 1 year ago, KEYS has a worse debt to assets ratio.
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

  • KEYS has an Altman-Z score of 7.67. This indicates that KEYS is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of KEYS (7.67) is better than 83.06% of its industry peers.
  • 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.
  • KEYS has a Debt to FCF ratio of 1.89. This is in the better half of the industry: KEYS outperforms 78.23% of its industry peers.
  • 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.
  • Although KEYS's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.89
Altman-Z 7.67
ROIC/WACC0.76
WACC9.35%
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.
  • KEYS has a Quick Ratio of 2.02. This indicates that KEYS is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of KEYS (2.02) is comparable to the rest of the industry.
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

  • The Earnings Per Share has grown by an nice 16.28% over the past year.
  • KEYS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.07% yearly.
  • The Revenue has grown by 13.13% in the past year. This is quite good.
  • 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

  • Based on estimates for the next years, KEYS will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.56% on average per year.
  • KEYS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.63% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

  • KEYS is valuated quite expensively with a Price/Earnings ratio of 37.48.
  • Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than the industry average as 60.48% of the companies are valued more expensively.
  • KEYS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.23.
  • Based on the Price/Forward Earnings ratio of 26.92, the valuation of KEYS can be described as expensive.
  • 63.71% of the companies in the same industry are more expensive than KEYS, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, KEYS is valued at the same level.
Industry RankSector Rank
PE 37.48
Fwd PE 26.92
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 is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, KEYS is valued a bit cheaper than the industry average as 66.13% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 35.92
EV/EBITDA 41.46
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.
  • The excellent profitability rating of KEYS may justify a higher PE ratio.
  • A more expensive valuation may be justified as KEYS's earnings are expected to grow with 17.53% in the coming years.
PEG (NY)1.42
PEG (5Y)4.64
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

  • No dividends for KEYS!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

KEYS Fundamentals: All Metrics, Ratios and Statistics

KEYSIGHT TECHNOLOGIES IN

NYSE:KEYS (3/26/2026, 8:04:00 PM)

After market: 281.07 0 (0%)

281.07

-12.05 (-4.11%)

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 Cap48.20B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts81
Price Target229.11 (-18.49%)
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 37.48
Fwd PE 26.92
P/S 8.49
P/FCF 35.92
P/OCF 32.75
P/B 7.77
P/tB 32.57
EV/EBITDA 41.46
EPS(TTM)7.5
EY2.67%
EPS(NY)10.44
Fwd EY3.71%
FCF(TTM)7.83
FCFY2.78%
OCF(TTM)8.58
OCFY3.05%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.42
PEG (5Y)4.64
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 7.67
F-Score5
WACC9.35%
ROIC/WACC0.76
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.