KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

352.41 USD
+2.5 (+0.71%)
At close:
352 USD
-0.41 (-0.12%)
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.
  • Each year in the past 5 years KEYS has been profitable.
  • Each year in the past 5 years KEYS had a positive operating cash flow.
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 86.29% of its industry peers.
  • With a decent Return On Invested Capital value of 7.08%, KEYS is doing good in the industry, outperforming 71.77% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for KEYS is above the industry average of 8.09%.
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 better Profit Margin (16.95%) than 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.
  • KEYS has a Operating Margin of 15.96%. This is amongst the best in the industry. KEYS outperforms 91.13% of its industry peers.
  • In the last couple of years the Operating Margin of KEYS has remained more or less at the same level.
  • With an excellent Gross Margin value of 61.86%, KEYS belongs to the best of the industry, outperforming 95.16% of the companies in the same industry.
  • 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. KEYS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KEYS is still creating some value.
  • The number of shares outstanding for KEYS has been reduced compared to 1 year ago.
  • Compared to 5 years ago, KEYS has less shares outstanding
  • 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

  • An Altman-Z score of 8.83 indicates that KEYS is not in any danger for bankruptcy at the moment.
  • KEYS has a Altman-Z score of 8.83. This is amongst the best in the industry. KEYS outperforms 81.45% 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 79.84% of its industry peers.
  • A Debt/Equity ratio of 0.41 indicates that KEYS is not too dependend on debt financing.
  • KEYS's Debt to Equity ratio of 0.41 is on the low side compared to the rest of the industry. KEYS is outperformed by 65.32% of its industry peers.
  • 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 8.83
ROIC/WACC0.71
WACC9.96%
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 of 2.60. This is comparable to the rest of the industry: KEYS outperforms 52.42% of its industry peers.
  • A Quick Ratio of 2.02 indicates that KEYS has no problem at all paying its short term obligations.
  • KEYS has a Quick ratio (2.02) which is in line with 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

  • The Earnings Per Share has grown by an nice 16.28% over the past year.
  • 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.
  • The Revenue has grown by 13.13% in the past year. This is quite good.
  • Measured over the past years, KEYS shows a small growth in Revenue. The Revenue has been growing by 4.95% on average per year.
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.
  • The Revenue is expected to grow by 11.63% on average over the next years. This is quite good.
EPS Next Y26.24%
EPS Next 2Y21.1%
EPS Next 3Y17.6%
EPS Next 5Y18.56%
Revenue Next Year23.78%
Revenue Next 2Y15.71%
Revenue Next 3Y12.49%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 46.99, the valuation of KEYS can be described as expensive.
  • 61.29% of the companies in the same industry are more expensive than KEYS, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of KEYS to the average of the S&P500 Index (26.64), we can say KEYS is valued expensively.
  • KEYS is valuated quite expensively with a Price/Forward Earnings ratio of 33.61.
  • The rest of the industry has a similar Price/Forward Earnings ratio as KEYS.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. KEYS is valued rather expensively when compared to this.
Industry RankSector Rank
PE 46.99
Fwd PE 33.61
KEYS Price Earnings VS Forward Price EarningsKEYS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 63.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 45.04
EV/EBITDA 49.79
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 17.60% in the coming years.
PEG (NY)1.79
PEG (5Y)5.82
EPS Next 2Y21.1%
EPS Next 3Y17.6%

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%

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 (5/1/2026, 8:04:00 PM)

After market: 352 -0.41 (-0.12%)

352.41

+2.5 (+0.71%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Industry Strength68.94
Industry Growth69.57
Earnings (Last)02-23
Earnings (Next)05-19
Inst Owners93.29%
Inst Owner Change-0.04%
Ins Owners0.45%
Ins Owner Change-0.43%
Market Cap60.44B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts82.11
Price Target318.3 (-9.68%)
Short Float %1.19%
Short Ratio1.3
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)3.28%
PT rev (3m)41.68%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)21.49%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)9.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.87%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)6.89%
Valuation
Industry RankSector Rank
PE 46.99
Fwd PE 33.61
P/S 10.65
P/FCF 45.04
P/OCF 41.06
P/B 9.74
P/tB 40.84
EV/EBITDA 49.79
EPS(TTM)7.5
EY2.13%
EPS(NY)10.49
Fwd EY2.98%
FCF(TTM)7.83
FCFY2.22%
OCF(TTM)8.58
OCFY2.44%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.79
PEG (5Y)5.82
Graham Number78.1377 (-77.83%)
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 8.83
F-Score5
WACC9.96%
ROIC/WACC0.71
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 Y26.24%
EPS Next 2Y21.1%
EPS Next 3Y17.6%
EPS Next 5Y18.56%
Revenue 1Y (TTM)13.13%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%23.27%
Revenue Next Year23.78%
Revenue Next 2Y15.71%
Revenue Next 3Y12.49%
Revenue Next 5Y11.63%
EBIT growth 1Y9.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year43.77%
EBIT Next 3Y20.74%
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.


How profitable is KEYSIGHT TECHNOLOGIES IN (KEYS) stock?

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


Can you provide the PE and PB ratios for KEYS stock?

The Price/Earnings (PE) ratio for KEYSIGHT TECHNOLOGIES IN (KEYS) is 46.99 and the Price/Book (PB) ratio is 9.74.


What is the expected EPS growth for KEYSIGHT TECHNOLOGIES IN (KEYS) stock?

The Earnings per Share (EPS) of KEYSIGHT TECHNOLOGIES IN (KEYS) is expected to grow by 26.24% in the next year.