KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

344.32 USD
+5.35 (+1.58%)
Last:

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

  • 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.
  • 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 87.90% of the companies in the same industry.
  • KEYS has a better Return On Equity (15.50%) than 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.
  • KEYS had an Average Return On Invested Capital over the past 3 years of 10.18%. This 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

  • Looking at the Profit Margin, with a value of 16.95%, KEYS belongs to the top of the industry, outperforming 93.55% 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.
  • With an excellent Operating Margin value of 15.96%, KEYS belongs to the best of the industry, outperforming 91.13% 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 better Gross Margin (61.86%) 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 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

  • KEYS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, KEYS has less shares outstanding
  • Compared to 5 years ago, KEYS has less shares outstanding
  • KEYS has a worse debt/assets ratio than last year.
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 8.57. This indicates that KEYS is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 8.57, KEYS belongs to the top of the industry, outperforming 83.06% of the companies in the same industry.
  • 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.
  • KEYS's Debt to FCF ratio of 1.89 is fine compared to the rest of the industry. KEYS outperforms 79.84% of its industry peers.
  • 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 Debt to Equity ratio of 0.41. This is in the lower half of the industry: KEYS underperforms 66.13% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for KEYS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.41
Debt/FCF 1.89
Altman-Z 8.57
ROIC/WACC0.73
WACC9.77%
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 (2.60) which is in line with 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. KEYS Growth Analysis

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.
  • The Revenue has grown by 13.13% in the past year. This is quite good.
  • 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

  • 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.
  • Based on estimates for the next years, KEYS will show a quite strong growth in Revenue. The Revenue will grow by 11.63% on average per year.
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

  • 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

More info and screens

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 45.91, the valuation of KEYS can be described as expensive.
  • Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than the industry average as 60.48% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of KEYS to the average of the S&P500 Index (27.50), we can say KEYS is valued expensively.
  • KEYS is valuated quite expensively with a Price/Forward Earnings ratio of 32.84.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of KEYS indicates a somewhat cheap valuation: KEYS is cheaper than 62.90% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, KEYS is valued a bit more expensive.
Industry RankSector Rank
PE 45.91
Fwd PE 32.84
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 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 64.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 44
EV/EBITDA 47.9
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.
  • The excellent profitability rating of KEYS may justify a higher PE ratio.
  • KEYS's earnings are expected to grow with 17.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.75
PEG (5Y)5.69
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 (4/23/2026, 10:28:06 AM)

344.32

+5.35 (+1.58%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-18
Inst Owners93.29%
Inst Owner Change-0.03%
Ins Owners0.45%
Ins Owner Change-0.43%
Market Cap59.05B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts82.11
Price Target312.55 (-9.23%)
Short Float %1.08%
Short Ratio1.17
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)36.42%
PT rev (3m)39.12%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)21.59%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)9.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.95%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)6.93%
Valuation
Industry RankSector Rank
PE 45.91
Fwd PE 32.84
P/S 10.4
P/FCF 44
P/OCF 40.12
P/B 9.52
P/tB 39.9
EV/EBITDA 47.9
EPS(TTM)7.5
EY2.18%
EPS(NY)10.49
Fwd EY3.05%
FCF(TTM)7.83
FCFY2.27%
OCF(TTM)8.58
OCFY2.49%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.75
PEG (5Y)5.69
Graham Number78.1377 (-77.31%)
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 8.57
F-Score5
WACC9.77%
ROIC/WACC0.73
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 45.91 and the Price/Book (PB) ratio is 9.52.


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.