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KEYS

S&P 500
Favorable · 58/100

Keysight Technologies

Information Technology
Electronic Equipment & Instruments

$373.34

2.7%

Updated Today 7:15 PM ET

Price — Past Year

▲ Up 127.1% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$62.15B

P/E

60.73x

Forward P/E (est.)

43.38x

ROE

17.5%

Revenue Growth

19.2%

EPS Growth

43.0%

Profit Margin

17.3%

FCF Yield

2.0%

Debt / Equity

0.43x

ROIC

8.0%

Interest Coverage

9.13x

Current Ratio

1.9x

Dividend Yield

Implied Growth (rev. DCF)

6.8%

Rating Score

58/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what KEYS's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. KEYS trades near $373.34, above its 50-day average ($343.01) and 200-day average ($245.47). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 56 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. KEYS's is $13.96 (~3.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month KEYS found buyers near $315.01 (support) and sellers near $364.00 (resistance); its 52-week range is $152.85–$370.17. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 0.5× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Keysight Technologies (KEYS) is a large-cap company in the Electronic Equipment & Instruments industry, part of the Information Technology sector of the S&P 500, with a market value around $62.15B.

In its latest reported year it generated about $5.38B in revenue and $850.00M in net profit.

Our model rates KEYS Favorable (58/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

2.1%

Revenue moved from $4.94B in 2021 to $5.38B in 2025, a 2.1% compound annual growth rate. The most recent year grew a strong 19.2% year over year. Consistent top-line growth is one sign of healthy demand.

Profitability
Research

Gross Margin

63.7%

Operating Margin

16.3%

Net Margin

15.8%

ROE

17.5%

Keysight Technologies keeps about 17.3% of each sales dollar as net profit, with a 63.7% gross margin and 16.3% operating margin. Return on equity is 17.5% and return on invested capital about 8.0%. Margins this wide usually signal pricing power or a cost advantage.

Debt Analysis
Research

Total Debt

$2.53B

Net Debt

$119.00M

Net Debt / EBITDA

0.14x

Debt / Equity

0.43x

Leverage: debt-to-equity is 0.4x, and operating profit covers interest about 9.1x, with a current ratio of 1.9x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $2.53B of total debt against $2.41B of cash.

Cash Flow Analysis
Research

Operating CF

$1.41B

Free Cash Flow

$1.28B

FCF Margin

23.8%

In the latest year Keysight Technologies produced about $1.41B of operating cash flow and $1.28B of free cash flow after capital spending. That is a free-cash-flow yield of about 2.0% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research

P/E

60.73x

P/S

11.47x

P/B

5.55x

EV / EBITDA

54.48x

KEYS trades at 60.7x trailing earnings (about 43.4x on estimated forward earnings), 11.5x sales, and 5.6x book value. Reverse-engineering today's price implies the market expects roughly 6.8% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
60.7xExpensive
Forward P/E
43.4xExpensive
P/S ratio
11.5xExpensive
Revenue growth
19.2%Strong
EPS growth
43.0%Strong
Gross margin
63.7%Strong
Net margin
17.3%Strong
ROE
17.5%Average

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How KEYS stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.

In the Information Technology sector (72 S&P 500 companies), KEYS ranks #41 of 72 by our overall rating. It trades at a premium versus the sector on earnings (60.7x P/E vs. 35.6x median) with a lower return on equity (17.5% vs. 25.6%) and faster revenue growth (19.2% vs. 17.4%).

P/E vs sector

60.7x

median 35.6x

ROE vs sector

17.5%

median 25.6%

Growth vs sector

19.2%

median 17.4%

Sector rank

#41

of 72 by rating

CompanyP/ERev Gr.Rating
KEYSThis stock60.7x19.2%Favorable· 58
ROP19.4x12.1%Favorable· 65
TDY30.7x6.6%Neutral· 48
ZBRA27.2x9.2%Neutral· 42
HPE40.3x22.6%Neutral· 46
TEL21.6x16.7%Strong· 73
CIEN139.8x30.6%Neutral· 52
MSI31.2x8.3%Neutral· 48
Information Technology median35.6x17.4%61/100

Valuation vs. quality map

sector medianROPTDYZBRAHPETELCIENMSIKEYSP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 72 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$444.33$732.54

vs. $373.34 today · expected CAGR 4%14%

Metric20262027202820292030
Revenue$6.40B$7.61B$9.06B$10.78B$12.83B
Net income$1.02B$1.22B$1.45B$1.72B$2.05B
EPS$5.99$7.13$8.48$10.09$12.01
Share price (low)$221.57$263.67$313.77$373.39$444.33
Share price (high)$365.30$434.70$517.30$615.58$732.54
CAGR (low–high)-41% / -2%-16% / 8%-6% / 11%0% / 13%4% / 14%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for KEYS:

  • Revenue is growing 19.2% a year, a sign of real demand.
  • High net margins (17.3%) point to pricing power or efficiency.
  • Strong return on equity (17.5%) shows capital is put to work well.
  • A conservative balance sheet (debt/equity 0.4x) lowers risk.
  • Our model's overall read is Favorable (58/100).
Bear Case

The case against KEYS:

  • A rich 60.7x earnings multiple prices in a lot of growth.
  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Valuation risk — at 60.7x earnings, disappointing results could compress the multiple.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the fundamentals screen favourably: Keysight Technologies is a large-cap information technology business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 60.7x earnings, which our model scores Favorable (58/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.