Stock · KEYS · Technology

Keysight Technologies Inc

United States · Large Cap · listed since 2014 · Revenue 12 mo. $6.6B

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
$272.13
1 Y +37.5%
Market cap
$50.8B
Phase
Mature
core business profitable, revenue barely moving
Revenue −0.3% a year (3 years)EBIT margin 17.6%Payout 26.8% of operating cash flow

Keysight Technologies, Inc. provides electronic design and test solutions worldwide.

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Keysight Technologies, Inc. provides electronic design and test solutions worldwide. The company operates through Communications Solutions Group and Electronic Industrial Solutions Group segments. It offers electronic design and test software, instrumentation, systems, and related services used in the design, simulation, validation, manufacturing, installation, and optimization of communication systems in wireless, data center ecosystem, enterprise, and aerospace, defense, and government end markets. The company also develops and deploys communications products and services; and operates communications networks. In addition, it provides electronic design, test and simulation software, instrumentation, systems, computer-aided engineering solutions, and related services used in the design, simulation, validation, manufacturing, installation, and optimization of electronic equipment in the automotive and energy, semiconductor solutions, and general electronics industries. Further, the company offers product support; technical and application support for hardware, software, and solutions; and professional services, such as installation, training, engineering, optimization of equipment and solution adoption, utilization, and integration services. Additionally, it provides oscilloscopes; generators, sources and power supplies; software products; analyzers; wireless products; network test and security; modular instruments; meters; network visibility; and other products, as well as KeysightCare support plans, calibration, repair, technology refresh, test as a service, network/security, consulting, financial alternatives, education, software testing, support, managed, device vulnerability analysis, support portal, and used equipment services. Keysight Technologies, Inc. was founded in 1939 and is headquartered in Santa Rosa, California.

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Summary

Keysight Technologies Inc is around the middle of the Technology sector overall

41.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 17.7% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €1.1B (2025), it supports €12.8B. The remaining €32.8B of the market value assume it grows 17.7% a year for 10 years and not at all afterwards.

Required FCF growth per year

17.7%

no growth afterwards

Market value breakdown€45.6B market value, price as of 11/06/2026

€12.8B without growth
€32.8B priced-in growth
  • 5 yrs achieved 4.1%
  • 10 yrs achieved 18.9%
  • priced in 17.7%

Valuation against its own history

Price to operating cash flow 29.4×, above its usual range.

Middle half of 20 quarters: 21.0× to 26.5×, median 23.4×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 3.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 6 of 6 changes for the better.

  • Revenue, 12 mo.$6.1B → $6.6B+8.1%better
  • FCF, 12 mo.$1.3B → $1.5B+10.5%better
  • Gross margin63.7% → 64.7%+1.0 ppbetter
  • EBIT margin18.2% → 20.3%+2.1 ppbetter
  • Net debt$347.0M → $141.0M−59.4%better
  • Return on equity16.6% → 19.1%+2.5 ppbetter

2 more unchanged: FCF margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability56.5around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity14.40%14.60%Rank 49
Return on capital (Greenblatt)26.86%29.77%Rank 47
EBIT margin17.64%17.40%Rank 51
FCF margin23.83%18.54%Rank 69
Gross margin62.08%48.47%Rank 67
Growth30.8below the middleGrows more slowly than the sector: Earnings growth, 3 years per year −7.49%, sector 9.54%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year7.95%12.70%Rank 33
Earnings growth, 3 years per year−7.49%9.54%Rank 18
Earnings growth, 5 years per year8.07%14.07%Rank 28
Sustainable growth (ROE × retained earnings)2.38%2.87%Rank 45
Valuation32.3below the middleValued higher than the sector: EV/EBIT 54.76, sector 26.24.
MetricStockSector medianPosition in sector
Earnings yield1.80%2.64%Rank 33
FCF yield2.52%3.06%Rank 44
EV/saleslower is better9.665.18Rank 28
EV/EBITlower is better54.7626.24Rank 24
Momentum51.2around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year37.45%−0.59%Rank 83
Share price, 6 months−23.99%−4.46%Rank 28
Share price, 3 months−15.06%−5.84%Rank 38
Distance from 52-week high−29.87%−33.23%Rank 56
Quality36.3below the middleQuality below the sector: Accruals (Sloan) 11.32%, sector 1.65%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better11.32%1.65%Rank 19
Change in share countlower is better−1.14%−0.17%Rank 69
Dividend streak in yearsdoes not count towards the rank–8
Price reaction to results, market-adjusted−6.55%−1.57%Rank 21
Balance sheet & risk42.2around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio52.04%53.98%Rank 48
Net debt/EBITDAlower is better0.77−0.20Rank 28
Debt to equitylower is better0.510.33Rank 32
Volatility, 1 yearlower is better47.40%50.37%Rank 61

Ten years in figures

Revenue from $2.9B (2016) to $5.4B (2025), 7.0% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt
20162.913.9%$325.0M172M$317.0M
20173.24.6%$241.0M182M$1.2B
20183.9−10.2%$423.0M191M$877.0M
20194.316.5%$878.0M191M$190.0M
20204.218.1%$899.0M189M$225.0M
20214.921.9%$1.1B187M−$29.0M
20225.420.7%$959.0M182M−$24.0M
20235.524.9%$1.2B179M−$446.0M
20245.016.7%$898.0M175M$234.0M
20255.417.6%$1.3B173M$1.1B
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Keysight Technologies Inc mainly meets criteria in the Momentum category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Keysight Technologies Inc's score is built

Keysight Technologies Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Keysight Technologies Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Moat Quality
  • High-Growth / Rule of 40
  • Undervalued Stocks: Multi-Factor Check
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum

Keysight Technologies Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Keysight Technologies Inc.

MetricStockSector
P/E ratio55.635.1
P/B ratio8.05.5
Return on equity (ROE)14.4%14.6%
Equity ratio52.0%54.0%
Debt-to-equity (D/E)0.510.33
Dividend yield–0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
KEYSKeysight Technologies Incthis page
COHRCoherent CorpLow1.8
TDYTeledyne Technologies IncorporatedLow3.6
FTVFortive CorpMedium5.5
MKSIMKS Instruments Inclocked
GRMNGarmin Ltdlocked

Frequently asked questions about Keysight Technologies Inc stock

How does Keysight Technologies Inc stock (KEYS) score in the StockScorer model?
Keysight Technologies Inc stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Keysight Technologies Inc's P/E ratio?
Keysight Technologies Inc's P/E ratio is 55.6. The Technology sector median is 35.1.
What sector is Keysight Technologies Inc in?
Keysight Technologies Inc is assigned to the Technology sector. Its rank within the sector is 41.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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