KEYSIGHT TECHNOLOGIES IN (KEYS) Fundamental Analysis & Valuation

NYSE:KEYS • US49338L1035

Current stock price

291.24 USD
+1.4 (+0.48%)
At close:
291.24 USD
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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

  • 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.
  • 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 has a better Return On Assets (8.38%) than 87.10% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.50%, KEYS belongs to the top of the industry, outperforming 84.68% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.08%, KEYS is in the better half of the industry, outperforming 70.97% 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 8.33%.
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

  • KEYS has a Profit Margin of 16.95%. This is amongst the best in the industry. KEYS outperforms 92.74% of its industry peers.
  • KEYS's Profit Margin has been stable in the last couple of years.
  • KEYS's Operating Margin of 15.96% is amongst the best of the industry. KEYS outperforms 91.13% of its industry peers.
  • In the last couple of years the Operating Margin of KEYS has remained more or less at the same level.
  • With an excellent Gross Margin value of 61.86%, KEYS belongs to the best of the industry, outperforming 95.16% of the companies in the same industry.
  • 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

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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.
  • 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.
  • 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 7.63 indicates that KEYS is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 7.63, KEYS belongs to the best of the industry, outperforming 82.26% 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 78.23% of the companies in the same industry.
  • A Debt/Equity ratio of 0.41 indicates that KEYS is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.41, KEYS is not doing good in the industry: 68.55% of the companies in the same industry are doing better.
  • 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 7.63
ROIC/WACC0.74
WACC9.51%
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 of 2.60. This is comparable to the rest of the industry: KEYS outperforms 50.81% of 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.
  • Looking at the Quick ratio, with a value of 2.02, KEYS is in line with its industry, outperforming 58.87% of the companies in the same industry.
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

  • 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 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.
  • The Revenue is expected to grow by 11.63% on average over the next years. This is quite good.
EPS Next Y26.42%
EPS Next 2Y20.84%
EPS Next 3Y17.53%
EPS Next 5Y18.56%
Revenue Next Year23.69%
Revenue Next 2Y15.52%
Revenue Next 3Y12.36%
Revenue Next 5Y11.63%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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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4

4. KEYS Valuation Analysis

4.1 Price/Earnings Ratio

  • KEYS is valuated quite expensively with a Price/Earnings ratio of 38.83.
  • 60.48% of the companies in the same industry are more expensive than KEYS, based on the Price/Earnings ratio.
  • KEYS's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.60.
  • With a Price/Forward Earnings ratio of 27.89, 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 62.10% of the companies are valued more expensively.
  • KEYS's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 38.83
Fwd PE 27.89
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEYS is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, KEYS is valued a bit cheaper than 63.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 37.22
EV/EBITDA 41.2
KEYS Per share dataKEYS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • KEYS's 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.
  • A more expensive valuation may be justified as KEYS's earnings are expected to grow with 17.53% in the coming years.
PEG (NY)1.47
PEG (5Y)4.81
EPS Next 2Y20.84%
EPS Next 3Y17.53%

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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KEYS Fundamentals: All Metrics, Ratios and Statistics

KEYSIGHT TECHNOLOGIES IN

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

After market: 291.24 0 (0%)

291.24

+1.4 (+0.48%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-18
Inst Owners93.44%
Inst Owner Change-0.03%
Ins Owners0.47%
Ins Owner Change-0.05%
Market Cap49.95B
Revenue(TTM)5.68B
Net Income(TTM)962.00M
Analysts82.11
Price Target308.18 (5.82%)
Short Float %1.33%
Short Ratio1.43
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)34.51%
PT rev (3m)39.03%
EPS NQ rev (1m)21.18%
EPS NQ rev (3m)21.5%
EPS NY rev (1m)9.43%
EPS NY rev (3m)9.53%
Revenue NQ rev (1m)12.87%
Revenue NQ rev (3m)12.95%
Revenue NY rev (1m)6.81%
Revenue NY rev (3m)6.87%
Valuation
Industry RankSector Rank
PE 38.83
Fwd PE 27.89
P/S 8.8
P/FCF 37.22
P/OCF 33.93
P/B 8.05
P/tB 33.75
EV/EBITDA 41.2
EPS(TTM)7.5
EY2.58%
EPS(NY)10.44
Fwd EY3.59%
FCF(TTM)7.83
FCFY2.69%
OCF(TTM)8.58
OCFY2.95%
SpS33.1
BVpS36.18
TBVpS8.63
PEG (NY)1.47
PEG (5Y)4.81
Graham Number78.14
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 7.63
F-Score5
WACC9.51%
ROIC/WACC0.74
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 Y26.42%
EPS Next 2Y20.84%
EPS Next 3Y17.53%
EPS Next 5Y18.56%
Revenue 1Y (TTM)13.13%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%23.27%
Revenue Next Year23.69%
Revenue Next 2Y15.52%
Revenue Next 3Y12.36%
Revenue Next 5Y11.63%
EBIT growth 1Y9.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year42.68%
EBIT Next 3Y20.31%
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 38.83 and the Price/Book (PB) ratio is 8.05.


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 26.42% in the next year.