KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis
NYSE:KEYS • US49338L1035
307.33 USD
+1.3 (+0.42%)
At close: Feb 27, 2026
310.023 USD
+2.69 (+0.88%)
After Hours: 2/27/2026, 8:14:43 PM
KEYS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. KEYS gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, KEYS is valued expensive at the moment. These ratings could make KEYS a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- In the past year KEYS was profitable.
- In the past year KEYS had a positive cash flow from operations.
- 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.
1.2 Ratios
- KEYS's Return On Assets of 8.38% is amongst the best of the industry. KEYS outperforms 87.90% of its industry peers.
- KEYS's Return On Equity of 15.50% is amongst the best of the industry. KEYS outperforms 83.87% of its industry peers.
- With a decent Return On Invested Capital value of 7.08%, KEYS is doing good in the industry, outperforming 68.55% of the companies in the same industry.
- 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 8.91%.
| Industry Rank | Sector 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%
1.3 Margins
- KEYS's Profit Margin of 16.95% is amongst the best of the industry. KEYS outperforms 94.35% of its industry peers.
- KEYS's Profit Margin has been stable in the last couple of years.
- Looking at the Operating Margin, with a value of 15.96%, KEYS belongs to the top of the industry, outperforming 90.32% 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.
- KEYS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
- KEYS has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for KEYS is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 7.95 indicates that KEYS is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 7.95, KEYS belongs to the best of the industry, outperforming 84.68% 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.
- 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 has a worse Debt to Equity ratio (0.41) than 65.32% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 1.89 | ||
| Altman-Z | 7.95 |
ROIC/WACC0.81
WACC8.79%
2.3 Liquidity
- A Current Ratio of 2.60 indicates that KEYS has no problem at all paying its short term obligations.
- With a Current ratio value of 2.60, KEYS perfoms like the industry average, outperforming 52.42% of the companies in the same industry.
- A Quick Ratio of 2.02 indicates that KEYS has no problem at all paying its short term obligations.
- KEYS has a Quick ratio of 2.02. This is in the better half of the industry: KEYS outperforms 61.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.6 | ||
| Quick Ratio | 2.02 |
3. Growth
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.
- The Revenue has been growing slightly by 4.95% on average over the past years.
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 14.76% on average per year.
- KEYS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.41% yearly.
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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 40.98 indicates a quite expensive valuation of KEYS.
- KEYS's Price/Earnings ratio is in line with the industry average.
- KEYS is valuated expensively when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 32.48, KEYS can be considered very expensive at the moment.
- KEYS's Price/Forward Earnings is on the same level as the industry average.
- KEYS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.98 | ||
| Fwd PE | 32.48 |
4.2 Price Multiples
- KEYS's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of KEYS indicates a somewhat cheap valuation: KEYS is cheaper than 66.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.28 | ||
| EV/EBITDA | 43.46 |
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)2.64
PEG (5Y)5.08
EPS Next 2Y15.03%
EPS Next 3Y13.5%
5. Dividend
5.1 Amount
- No dividends for KEYS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
307.33
+1.3 (+0.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23 2026-02-23/amc
Earnings (Next)05-18 2026-05-18/amc
Inst Owners91.79%
Inst Owner Change-0.03%
Ins Owners0.49%
Ins Owner Change1.52%
Market Cap52.71B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts79
Price Target229.11 (-25.45%)
Short Float %1.55%
Short Ratio2.47
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.98 | ||
| Fwd PE | 32.48 | ||
| P/S | 9.29 | ||
| P/FCF | 39.28 | ||
| P/OCF | 35.81 | ||
| P/B | 8.5 | ||
| P/tB | 35.62 | ||
| EV/EBITDA | 43.46 |
EPS(TTM)7.5
EY2.44%
EPS(NY)9.46
Fwd EY3.08%
FCF(TTM)7.82
FCFY2.55%
OCF(TTM)8.58
OCFY2.79%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)2.64
PEG (5Y)5.08
Graham Number78.13
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 7.95 |
F-Score5
WACC8.79%
ROIC/WACC0.81
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 Y15.53%
EPS Next 2Y15.03%
EPS Next 3Y13.5%
EPS Next 5Y14.76%
Revenue 1Y (TTM)13.13%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%23.27%
Revenue Next Year15.8%
Revenue Next 2Y11.02%
Revenue Next 3Y9.21%
Revenue Next 5Y8.41%
EBIT growth 1Y9.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year30.87%
EBIT Next 3Y15.49%
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 3 / 10 to KEYSIGHT TECHNOLOGIES IN (KEYS). This can be considered as Overvalued.
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 8 / 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.