KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:KEYS • US49338L1035

221.6 USD
-5.56 (-2.45%)
At close: Feb 4, 2026
221.6 USD
0 (0%)
After Hours: 2/4/2026, 8:04:00 PM
Fundamental Rating

6

Taking everything into account, KEYS scores 6 out of 10 in our fundamental rating. KEYS was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. KEYS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. KEYS has a correct valuation and a medium growth rate. This makes KEYS very considerable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year KEYS was profitable.
  • KEYS had a positive operating cash flow in the past year.
  • Each year in the past 5 years KEYS has 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

  • Looking at the Return On Assets, with a value of 7.52%, KEYS belongs to the top of the industry, outperforming 86.99% of the companies in the same industry.
  • With an excellent Return On Equity value of 14.45%, KEYS belongs to the best of the industry, outperforming 81.30% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 7.01%, KEYS is doing good in the industry, outperforming 69.92% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for KEYS is in line with the industry average of 8.89%.
Industry RankSector Rank
ROA 7.52%
ROE 14.45%
ROIC 7.01%
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 15.81%, KEYS belongs to the top of the industry, outperforming 94.31% of the companies in the same industry.
  • KEYS's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 16.30%, KEYS belongs to the top of the industry, outperforming 91.06% of the companies in the same industry.
  • KEYS's Operating Margin has been stable in the last couple of years.
  • KEYS has a Gross Margin of 62.08%. This is amongst the best in the industry. KEYS outperforms 95.12% 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 16.3%
PM (TTM) 15.81%
GM 62.08%
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. Health

2.1 Basic Checks

  • KEYS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • KEYS has less shares outstanding than it did 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

  • An Altman-Z score of 6.07 indicates that KEYS is not in any danger for bankruptcy at the moment.
  • KEYS has a Altman-Z score of 6.07. This is in the better half of the industry: KEYS outperforms 79.67% of its industry peers.
  • KEYS has a debt to FCF ratio of 1.98. This is a very positive value and a sign of high solvency as it would only need 1.98 years to pay back of all of its debts.
  • KEYS has a Debt to FCF ratio of 1.98. This is in the better half of the industry: KEYS outperforms 77.24% of its industry peers.
  • KEYS has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.43, KEYS is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
  • 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 0.43
Debt/FCF 1.98
Altman-Z 6.07
ROIC/WACC0.46
WACC15.17%
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 2.35. This indicates that KEYS is financially healthy and has no problem in meeting its short term obligations.
  • KEYS has a Current ratio (2.35) which is in line with its industry peers.
  • A Quick Ratio of 1.78 indicates that KEYS should not have too much problems paying its short term obligations.
  • KEYS has a Quick ratio (1.78) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.35
Quick Ratio 1.78
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 14.22% 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.
  • KEYS shows a small growth in Revenue. In the last year, the Revenue has grown by 7.95%.
  • The Revenue has been growing slightly by 4.95% on average over the past years.
EPS 1Y (TTM)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%

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 14.76% yearly.
  • Based on estimates for the next years, KEYS will show a quite strong growth in Revenue. The Revenue will grow by 8.41% on average per year.
EPS Next Y15.53%
EPS Next 2Y15.03%
EPS Next 3Y13.5%
EPS Next 5Y14.76%
Revenue Next Year15.8%
Revenue Next 2Y11.02%
Revenue Next 3Y9.21%
Revenue Next 5Y8.41%

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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • KEYS is valuated quite expensively with a Price/Earnings ratio of 30.99.
  • Compared to the rest of the industry, the Price/Earnings ratio of KEYS indicates a somewhat cheap valuation: KEYS is cheaper than 64.23% of the companies listed in the same industry.
  • KEYS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.25.
  • A Price/Forward Earnings ratio of 26.83 indicates a quite expensive valuation of KEYS.
  • KEYS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KEYS is cheaper than 62.60% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, KEYS is valued at the same level.
Industry RankSector Rank
PE 30.99
Fwd PE 26.83
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 69.11% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 29.62
EV/EBITDA 33.51
KEYS Per share dataKEYS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • KEYS has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as KEYS's earnings are expected to grow with 13.50% in the coming years.
PEG (NY)2
PEG (5Y)3.84
EPS Next 2Y15.03%
EPS Next 3Y13.5%

More info and screens

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

0

5. Dividend

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

KEYSIGHT TECHNOLOGIES IN

NYSE:KEYS (2/4/2026, 8:04:00 PM)

After market: 221.6 0 (0%)

221.6

-5.56 (-2.45%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-24
Earnings (Next)02-24
Inst Owners91.79%
Inst Owner Change-0.77%
Ins Owners0.49%
Ins Owner Change1.63%
Market Cap37.94B
Revenue(TTM)5.38B
Net Income(TTM)850.00M
Analysts79
Price Target224.67 (1.39%)
Short Float %1.54%
Short Ratio2.24
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)1.55%
Min EPS beat(2)0.93%
Max EPS beat(2)2.17%
EPS beat(4)4
Avg EPS beat(4)2.5%
Min EPS beat(4)0.93%
Max EPS beat(4)5.63%
EPS beat(8)7
Avg EPS beat(8)3.45%
EPS beat(12)11
Avg EPS beat(12)4.22%
EPS beat(16)15
Avg EPS beat(16)4.86%
Revenue beat(2)2
Avg Revenue beat(2)0.55%
Min Revenue beat(2)0.5%
Max Revenue beat(2)0.6%
Revenue beat(4)3
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.31%
Max Revenue beat(4)0.61%
Revenue beat(8)4
Avg Revenue beat(8)-0.06%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)8
Avg Revenue beat(16)-0.18%
PT rev (1m)1.35%
PT rev (3m)17.78%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)7.65%
EPS NY rev (1m)0.1%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.46%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)8.96%
Valuation
Industry RankSector Rank
PE 30.99
Fwd PE 26.83
P/S 7.06
P/FCF 29.62
P/OCF 26.93
P/B 6.45
P/tB 32.9
EV/EBITDA 33.51
EPS(TTM)7.15
EY3.23%
EPS(NY)8.26
Fwd EY3.73%
FCF(TTM)7.48
FCFY3.38%
OCF(TTM)8.23
OCFY3.71%
SpS31.4
BVpS34.35
TBVpS6.73
PEG (NY)2
PEG (5Y)3.84
Graham Number74.34
Profitability
Industry RankSector Rank
ROA 7.52%
ROE 14.45%
ROCE 9.27%
ROIC 7.01%
ROICexc 8.74%
ROICexgc 23.25%
OM 16.3%
PM (TTM) 15.81%
GM 62.08%
FCFM 23.83%
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 Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 1.98
Debt/EBITDA 2.2
Cap/Depr 46.38%
Cap/Sales 2.38%
Interest Coverage 11.38
Cash Conversion 122.31%
Profit Quality 150.71%
Current Ratio 2.35
Quick Ratio 1.78
Altman-Z 6.07
F-Score5
WACC15.17%
ROIC/WACC0.46
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)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
EPS Next Y15.53%
EPS Next 2Y15.03%
EPS Next 3Y13.5%
EPS Next 5Y14.76%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%
Revenue Next Year15.8%
Revenue Next 2Y11.02%
Revenue Next 3Y9.21%
Revenue Next 5Y8.41%
EBIT growth 1Y5.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year30.58%
EBIT Next 3Y15.49%
EBIT Next 5YN/A
FCF growth 1Y42.65%
FCF growth 3Y10.13%
FCF growth 5Y7.34%
OCF growth 1Y33.94%
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 15.53% in the next year.