KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

284.51 USD
-16.41 (-5.45%)
At close: Mar 5, 2026
284 USD
-0.51 (-0.18%)
After Hours: 3/5/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

Taking everything into account, KEYS scores 6 out of 10 in our fundamental rating. KEYS was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. KEYS has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. KEYS has a decent growth rate and is not valued too expensively. These ratings could make KEYS a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

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.
  • 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

  • KEYS has a Return On Assets of 8.38%. This is amongst the best in the industry. KEYS outperforms 87.90% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.50%, KEYS belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
  • The Return On Invested Capital of KEYS (7.08%) is better than 70.16% 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 8.86%.
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

  • With an excellent Profit Margin value of 16.95%, KEYS belongs to the best of the industry, outperforming 94.35% of the companies in the same industry.
  • 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 90.32% of its industry peers.
  • 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.
  • 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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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.
  • Compared to 1 year ago, KEYS has less shares outstanding
  • KEYS has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for KEYS is higher compared to a year ago.
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 7.82. This indicates that KEYS is financially healthy and has little risk of bankruptcy at the moment.
  • KEYS has a Altman-Z score of 7.82. This is amongst the best in the industry. KEYS outperforms 83.87% of its industry peers.
  • The Debt to FCF ratio of KEYS is 1.89, which is an excellent value as it means it would take KEYS, only 1.89 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.89, KEYS is in the better half of the industry, outperforming 79.84% 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.
  • 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 66.94% of its industry peers.
  • Although KEYS does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 7.82
ROIC/WACC0.8
WACC8.9%
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 50.81% of 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.
  • 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.
  • The Earnings Per Share has been growing by 8.07% on average over the past years. This is quite good.
  • Looking at the last year, KEYS shows a quite strong growth in Revenue. The Revenue has grown by 13.13% in the last year.
  • 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

  • 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.
  • 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.
  • 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

  • A Price/Earnings ratio of 37.93 indicates a quite expensive valuation of KEYS.
  • KEYS's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.74. KEYS is valued slightly more expensive when compared to this.
  • With a Price/Forward Earnings ratio of 27.25, KEYS can be considered very expensive at the moment.
  • 62.10% of the companies in the same industry are more expensive than KEYS, based on the Price/Forward Earnings ratio.
  • KEYS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.82.
Industry RankSector Rank
PE 37.93
Fwd PE 27.25
KEYS Price Earnings VS Forward Price EarningsKEYS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

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 36.36
EV/EBITDA 42.56
KEYS Per share dataKEYS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The 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)1.44
PEG (5Y)4.7
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%

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 (3/5/2026, 8:04:00 PM)

After market: 284 -0.51 (-0.18%)

284.51

-16.41 (-5.45%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-18
Inst Owners91.79%
Inst Owner Change-0.03%
Ins Owners0.49%
Ins Owner Change1.52%
Market Cap48.80B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts81
Price Target229.11 (-19.47%)
Short Float %1.55%
Short Ratio1.95
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)1.98%
PT rev (3m)16.37%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)3.9%
EPS NY rev (1m)0%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.96%
Valuation
Industry RankSector Rank
PE 37.93
Fwd PE 27.25
P/S 8.6
P/FCF 36.36
P/OCF 33.15
P/B 7.86
P/tB 32.97
EV/EBITDA 42.56
EPS(TTM)7.5
EY2.64%
EPS(NY)10.44
Fwd EY3.67%
FCF(TTM)7.82
FCFY2.75%
OCF(TTM)8.58
OCFY3.02%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.44
PEG (5Y)4.7
Graham Number78.13
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 7.82
F-Score5
WACC8.9%
ROIC/WACC0.8
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 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.