KEYSIGHT TECHNOLOGIES IN (KEYS) Stock Fundamental Analysis
NYSE:KEYS • US49338L1035
241.75 USD
+7.36 (+3.14%)
Last: Feb 18, 2026, 10:27 AM
Taking everything into account, KEYS scores 6 out of 10 in our fundamental rating. KEYS was compared to 122 industry peers in the Electronic Equipment, Instruments & Components industry. KEYS scores excellent points on both the profitability and health parts. This is a solid base for a good stock. KEYS is not valued too expensively and it also shows a decent growth rate. These ratings would make KEYS suitable for quality investing!
1. Profitability
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.
- In the past 5 years KEYS always reported a positive cash flow from operatings.
1.2 Ratios
- KEYS has a Return On Assets of 7.52%. This is amongst the best in the industry. KEYS outperforms 86.89% of its industry peers.
- The Return On Equity of KEYS (14.45%) is better than 81.97% of its industry peers.
- KEYS's Return On Invested Capital of 7.01% is fine compared to the rest of the industry. KEYS outperforms 68.03% of its industry peers.
- KEYS had an Average Return On Invested Capital over the past 3 years of 10.18%. This is in line with the industry average of 8.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.52% | ||
| ROE | 14.45% | ||
| ROIC | 7.01% |
ROA(3y)8.77%
ROA(5y)10.34%
ROE(3y)16.4%
ROE(5y)19.97%
ROIC(3y)10.18%
ROIC(5y)11.65%
1.3 Margins
- KEYS has a Profit Margin of 15.81%. This is amongst the best in the industry. KEYS outperforms 94.26% of its industry peers.
- 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 16.30%. This is amongst the best in the industry. KEYS outperforms 90.16% of its industry peers.
- In the last couple of years the Operating Margin of KEYS has remained more or less at the same level.
- KEYS has a Gross Margin of 62.08%. This is amongst the best in the industry. KEYS outperforms 95.08% of its industry peers.
- KEYS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.3% | ||
| PM (TTM) | 15.81% | ||
| GM | 62.08% |
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%
2. Health
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.
- KEYS has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for KEYS is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 6.32 indicates that KEYS is not in any danger for bankruptcy at the moment.
- KEYS's Altman-Z score of 6.32 is fine compared to the rest of the industry. KEYS outperforms 79.51% of its industry peers.
- The Debt to FCF ratio of KEYS is 1.98, which is an excellent value as it means it would take KEYS, only 1.98 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 1.98, KEYS is doing good in the industry, outperforming 77.87% of the companies in the same industry.
- KEYS has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
- KEYS has a Debt to Equity ratio of 0.43. This is in the lower half of the industry: KEYS underperforms 65.57% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 1.98 | ||
| Altman-Z | 6.32 |
ROIC/WACC0.75
WACC9.31%
2.3 Liquidity
- A Current Ratio of 2.35 indicates that KEYS has no problem at all paying its short term obligations.
- With a Current ratio value of 2.35, KEYS perfoms like the industry average, outperforming 49.18% of the companies in the same industry.
- KEYS has a Quick Ratio of 1.78. This is a normal value and indicates that KEYS is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of KEYS (1.78) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.78 |
3. Growth
3.1 Past
- KEYS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.22%, which is quite good.
- The Earnings Per Share has been growing by 8.07% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 7.95% in the past year.
- Measured over the past years, KEYS shows a small growth in Revenue. The Revenue has been growing by 4.95% on average per year.
EPS 1Y (TTM)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%
3.2 Future
- The Earnings Per Share is expected to grow by 14.76% on average over the next years. This is quite good.
- KEYS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.41% yearly.
EPS Next Y15.53%
EPS Next 2Y15.03%
EPS Next 3Y13.5%
EPS Next 5Y14.76%
Revenue Next Year15.8%
Revenue Next 2Y11.02%
Revenue Next 3Y9.21%
Revenue Next 5Y8.41%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 33.81, KEYS can be considered very expensive at the moment.
- 63.93% of the companies in the same industry are more expensive than KEYS, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.16. KEYS is valued slightly more expensive when compared to this.
- A Price/Forward Earnings ratio of 29.27 indicates a quite expensive valuation of KEYS.
- Based on the Price/Forward Earnings ratio, KEYS is valued a bit cheaper than the industry average as 63.93% of the companies are valued more expensively.
- KEYS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.81 | ||
| Fwd PE | 29.27 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as KEYS.
- KEYS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEYS is cheaper than 68.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.37 | ||
| EV/EBITDA | 35.47 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- KEYS has an outstanding profitability rating, which may justify a higher PE ratio.
- KEYS's earnings are expected to grow with 13.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.18
PEG (5Y)4.19
EPS Next 2Y15.03%
EPS Next 3Y13.5%
5. Dividend
5.1 Amount
- No dividends for KEYS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NYSE:KEYS (2/18/2026, 10:27:03 AM)
241.75
+7.36 (+3.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-24 2025-11-24/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners91.79%
Inst Owner Change-1.14%
Ins Owners0.49%
Ins Owner Change1.63%
Market Cap41.46B
Revenue(TTM)5.38B
Net Income(TTM)850.00M
Analysts79
Price Target225.61 (-6.68%)
Short Float %1.55%
Short Ratio2.47
Dividend
| Industry Rank | Sector 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)1.55%
Min EPS beat(2)0.93%
Max EPS beat(2)2.17%
EPS beat(4)4
Avg EPS beat(4)2.5%
Min EPS beat(4)0.93%
Max EPS beat(4)5.63%
EPS beat(8)7
Avg EPS beat(8)3.45%
EPS beat(12)11
Avg EPS beat(12)4.22%
EPS beat(16)15
Avg EPS beat(16)4.86%
Revenue beat(2)2
Avg Revenue beat(2)0.55%
Min Revenue beat(2)0.5%
Max Revenue beat(2)0.6%
Revenue beat(4)3
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.31%
Max Revenue beat(4)0.61%
Revenue beat(8)4
Avg Revenue beat(8)-0.06%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)8
Avg Revenue beat(16)-0.18%
PT rev (1m)1.78%
PT rev (3m)18.27%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)8.47%
EPS NY rev (1m)0.1%
EPS NY rev (3m)3.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.26%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)8.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.81 | ||
| Fwd PE | 29.27 | ||
| P/S | 7.71 | ||
| P/FCF | 32.37 | ||
| P/OCF | 29.43 | ||
| P/B | 7.05 | ||
| P/tB | 35.96 | ||
| EV/EBITDA | 35.47 |
EPS(TTM)7.15
EY2.96%
EPS(NY)8.26
Fwd EY3.42%
FCF(TTM)7.47
FCFY3.09%
OCF(TTM)8.21
OCFY3.4%
SpS31.34
BVpS34.29
TBVpS6.72
PEG (NY)2.18
PEG (5Y)4.19
Graham Number74.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.52% | ||
| ROE | 14.45% | ||
| ROCE | 9.27% | ||
| ROIC | 7.01% | ||
| ROICexc | 8.74% | ||
| ROICexgc | 23.25% | ||
| OM | 16.3% | ||
| PM (TTM) | 15.81% | ||
| GM | 62.08% | ||
| FCFM | 23.83% |
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 Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 1.98 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 46.38% | ||
| Cap/Sales | 2.38% | ||
| Interest Coverage | 11.38 | ||
| Cash Conversion | 122.31% | ||
| Profit Quality | 150.71% | ||
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.78 | ||
| Altman-Z | 6.32 |
F-Score5
WACC9.31%
ROIC/WACC0.75
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)14.22%
EPS 3Y-2.14%
EPS 5Y8.07%
EPS Q2Q%15.76%
EPS Next Y15.53%
EPS Next 2Y15.03%
EPS Next 3Y13.5%
EPS Next 5Y14.76%
Revenue 1Y (TTM)7.95%
Revenue growth 3Y-0.28%
Revenue growth 5Y4.95%
Sales Q2Q%10.26%
Revenue Next Year15.8%
Revenue Next 2Y11.02%
Revenue Next 3Y9.21%
Revenue Next 5Y8.41%
EBIT growth 1Y5.16%
EBIT growth 3Y-13.08%
EBIT growth 5Y3.63%
EBIT Next Year30.58%
EBIT Next 3Y15.49%
EBIT Next 5YN/A
FCF growth 1Y42.65%
FCF growth 3Y10.13%
FCF growth 5Y7.34%
OCF growth 1Y33.94%
OCF growth 3Y7.19%
OCF growth 5Y6.76%
KEYSIGHT TECHNOLOGIES IN / KEYS 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.
Can you provide the profitability details for KEYSIGHT TECHNOLOGIES IN?
KEYSIGHT TECHNOLOGIES IN (KEYS) has a profitability rating of 8 / 10.
What is the financial health of KEYSIGHT TECHNOLOGIES IN (KEYS) stock?
The financial health rating of KEYSIGHT TECHNOLOGIES IN (KEYS) is 7 / 10.
Can you provide the expected EPS growth for KEYS stock?
The Earnings per Share (EPS) of KEYSIGHT TECHNOLOGIES IN (KEYS) is expected to grow by 15.53% in the next year.