KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis
NYSE:KEYS • US49338L1035
302.18 USD
+0.7 (+0.23%)
At close: Feb 25, 2026
301 USD
-1.18 (-0.39%)
After Hours: 2/25/2026, 8:25:08 PM
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 gets an excellent profitability rating and is at the same time showing great financial health properties. KEYS is not valued too expensively and it also shows a decent growth rate. These ratings could make KEYS a good candidate for quality investing.
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.
1.2 Ratios
- KEYS has a better Return On Assets (7.52%) than 86.29% of its industry peers.
- The Return On Equity of KEYS (14.45%) is better than 82.26% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.01%, KEYS is in the better half of the industry, outperforming 68.55% 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 8.85%.
| Industry Rank | Sector 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%
1.3 Margins
- KEYS has a Profit Margin of 15.81%. This is amongst the best in the industry. KEYS outperforms 94.35% of its industry peers.
- In the last couple of years the Profit Margin of KEYS has remained more or less at the same level.
- Looking at the Operating Margin, with a value of 16.30%, KEYS belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
- KEYS's Operating Margin has been stable in the last couple of years.
- KEYS has a better Gross Margin (62.08%) than 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEYS is creating some value.
- Compared to 1 year ago, KEYS has less shares outstanding
- Compared to 5 years ago, KEYS has less shares outstanding
- Compared to 1 year ago, KEYS has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 7.60 indicates that KEYS is not in any danger for bankruptcy at the moment.
- With an excellent Altman-Z score value of 7.60, KEYS belongs to the best of the industry, outperforming 83.06% of the companies in the same industry.
- The Debt to FCF ratio of KEYS is 1.98, which is an excellent value as it means it would take KEYS, only 1.98 years of fcf income to pay off 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 78.23% of its industry peers.
- A Debt/Equity ratio of 0.43 indicates that KEYS is not too dependend on debt financing.
- KEYS has a Debt to Equity ratio of 0.43. This is in the lower half of the industry: KEYS underperforms 66.13% 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 | 0.43 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 7.6 |
ROIC/WACC0.77
WACC9.05%
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 of 2.35. This is comparable to the rest of the industry: KEYS outperforms 49.19% of its industry peers.
- A Quick Ratio of 1.78 indicates that KEYS should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.78, KEYS is in line with its industry, outperforming 56.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.78 |
3. Growth
3.1 Past
- KEYS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.28%, which is quite good.
- KEYS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.07% yearly.
- KEYS shows a small growth in Revenue. In the last year, the Revenue has grown by 7.95%.
- 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)7.95%
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 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
- 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 40.29 indicates a quite expensive valuation of KEYS.
- Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than 60.48% of the companies in the same industry.
- KEYS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.05.
- With a Price/Forward Earnings ratio of 31.94, KEYS can be considered very expensive at the moment.
- 60.48% of the companies in the same industry are more expensive than KEYS, based on the Price/Forward Earnings ratio.
- KEYS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 31.94 |
4.2 Price Multiples
- KEYS's Enterprise Value to EBITDA is on the same level as the industry average.
- KEYS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEYS is cheaper than 66.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.46 | ||
| EV/EBITDA | 45.46 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KEYS does not grow enough to justify the current Price/Earnings ratio.
- 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 13.50% in the coming years.
PEG (NY)2.59
PEG (5Y)4.99
EPS Next 2Y15.03%
EPS Next 3Y13.5%
5. Dividend
5.1 Amount
- KEYS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
302.18
+0.7 (+0.23%)
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-0.14%
Ins Owners0.49%
Ins Owner Change1.63%
Market Cap51.83B
Revenue(TTM)5.38B
Net Income(TTM)850.00M
Analysts79
Price Target229.11 (-24.18%)
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)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)0.42%
PT rev (3m)14.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.11%
EPS NY rev (1m)0%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)8.87%
Revenue NY rev (1m)0%
Revenue NY rev (3m)8.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 31.94 | ||
| P/S | 9.64 | ||
| P/FCF | 40.46 | ||
| P/OCF | 36.78 | ||
| P/B | 8.81 | ||
| P/tB | 44.95 | ||
| EV/EBITDA | 45.46 |
EPS(TTM)7.5
EY2.48%
EPS(NY)9.46
Fwd EY3.13%
FCF(TTM)7.47
FCFY2.47%
OCF(TTM)8.21
OCFY2.72%
SpS31.34
BVpS34.29
TBVpS6.72
PEG (NY)2.59
PEG (5Y)4.99
Graham Number76.07
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 7.6 |
F-Score5
WACC9.05%
ROIC/WACC0.77
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)7.95%
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 1Y5.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year30.87%
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.