KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

335.46 USD
+3.16 (+0.95%)
At close:
343.444 USD
+7.98 (+2.38%)
After Hours:

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.
  • In the past year KEYS had a positive cash flow from operations.
  • 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

  • KEYS's Return On Assets of 8.38% is amongst the best of the industry. KEYS outperforms 87.10% of its industry peers.
  • The Return On Equity of KEYS (15.50%) is better than 86.29% of its industry peers.
  • KEYS's Return On Invested Capital of 7.08% is fine compared to the rest of the industry. KEYS outperforms 71.77% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KEYS 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

  • With an excellent Profit Margin value of 16.95%, KEYS belongs to the best 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.
  • KEYS has a Operating Margin of 15.96%. This is amongst the best in the industry. KEYS outperforms 91.13% of its industry peers.
  • KEYS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of KEYS (61.86%) is better than 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.
  • The number of shares outstanding for KEYS has been reduced compared to 1 year ago.
  • 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

  • An Altman-Z score of 8.44 indicates that KEYS is not in any danger for bankruptcy at the moment.
  • KEYS has a better Altman-Z score (8.44) than 82.26% of its industry peers.
  • 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.
  • A Debt/Equity ratio of 0.41 indicates that KEYS is not too dependend on debt financing.
  • KEYS has a Debt to Equity ratio of 0.41. This is in the lower half of the industry: KEYS underperforms 65.32% 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 8.44
ROIC/WACC0.71
WACC9.95%
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

  • A Current Ratio of 2.60 indicates that KEYS has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.60, KEYS is in line with its industry, outperforming 52.42% of the companies in the same industry.
  • 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's Quick ratio of 2.02 is in line compared to the rest of the industry. KEYS outperforms 58.06% of 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.
  • 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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.13%.
  • 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 18.56% on average per year.
  • 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 Y26.24%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

  • With a Price/Earnings ratio of 44.73, KEYS can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, KEYS is valued a bit cheaper than 61.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.54, KEYS is valued quite expensively.
  • With a Price/Forward Earnings ratio of 31.99, KEYS can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, KEYS is valued a bit cheaper than the industry average as 60.48% of the companies are valued more expensively.
  • KEYS is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 44.73
Fwd PE 31.99
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 ratio is in line with the industry average.
  • KEYS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEYS is cheaper than 63.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 42.87
EV/EBITDA 46.97
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.
  • A more expensive valuation may be justified as KEYS's earnings are expected to grow with 17.60% in the coming years.
PEG (NY)1.7
PEG (5Y)5.54
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%

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Find the best dividend stocksShow peers with best dividend

KEYS Fundamentals: All Metrics, Ratios and Statistics

KEYSIGHT TECHNOLOGIES IN

NYSE:KEYS (4/29/2026, 8:27:10 PM)

After market: 343.444 +7.98 (+2.38%)

335.46

+3.16 (+0.95%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Industry Strength62.11
Industry Growth70.19
Earnings (Last)02-23
Earnings (Next)05-19
Inst Owners93.29%
Inst Owner Change-0.04%
Ins Owners0.45%
Ins Owner Change-0.43%
Market Cap57.53B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts82.11
Price Target312.55 (-6.83%)
Short Float %1.19%
Short Ratio1.3
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)21.49%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)9.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.87%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)6.89%
Valuation
Industry RankSector Rank
PE 44.73
Fwd PE 31.99
P/S 10.13
P/FCF 42.87
P/OCF 39.08
P/B 9.27
P/tB 38.87
EV/EBITDA 46.97
EPS(TTM)7.5
EY2.24%
EPS(NY)10.49
Fwd EY3.13%
FCF(TTM)7.83
FCFY2.33%
OCF(TTM)8.58
OCFY2.56%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.7
PEG (5Y)5.54
Graham Number78.1377 (-76.71%)
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 8.44
F-Score5
WACC9.95%
ROIC/WACC0.71
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 44.73 and the Price/Book (PB) ratio is 9.27.


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.