KEYS Stock Analysis: Keysight Technologies | NYSE

Oscilloscopes, Analyzers, Network Testing, Power Supplies

Total Rating 80

Safety 80

Buy Signal 1.28

Scientific & Technical Instruments
Industry Rotation: +13.3

Market Cap: 57.0B
Avg Turnover: 335M

Risk 3d forecast

Volatility36.5%

VaR 5^th Pctl5.95%

VaR vs Median-0.98%

Reward TTM

Sharpe Ratio1.79

Rel. Str. IBD91.2

Rel. Str. Peer Group91.5

Character TTM

Beta1.886

Beta Downside1.630

Hurst Exponent0.485

Drawdowns 3y

Max DD31.38%

CAGR/Max DD1.28

CAGR/Mean DD5.24

EPS (Earnings per Share)

EPS CAGR: 5.12%
EPS Trend: 33.7%

Last SUE: 3.93
Qual. Beats: 4

Revenue

Rev. CAGR: 6.37%
Rev. Trend: 65.2%

Last SUE: 4.00
Qual. Beats: 1

Warnings

Choppy

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.7 years of data

Jan +2.9% 8

Feb -0.7% 7

Mar -2.3% 9

Apr -2.7% 34

May +0.9% 5

Jun -0.5% 5

Jul -1.5% 8

Aug +0.2% 5

Sep +0.4% 11

Oct +1.9% 25

Nov +6.4% 58

Dec -2.3% 40

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: KEYS Keysight Technologies

Keysight Technologies (NYSE: KEYS) is a global provider of electronic design and test solutions, operating through two segments: the Communications Solutions Group and the Electronic Industrial Solutions Group. The company offers electronic design automation (EDA) software, instrumentation, and systems used across the full product lifecycle-from design, simulation, and validation through manufacturing, installation, and optimization-serving end markets including wireless communications, data centers, aerospace and defense, automotive, semiconductor, and general electronics.

In addition to hardware and software products such as oscilloscopes, signal generators, analyzers, modular instruments, and network test solutions, Keysight delivers a broad services portfolio that includes installation, training, engineering consulting, calibration, repair, test-as-a-service, and its KeysightCare support plans. Founded in 1939 and headquartered in Santa Rosa, California, the company traces its heritage to Hewlett-Packards test and measurement organization and was spun off as a standalone entity in 2014.

As a large-cap Information Technology company in the Electronic Equipment & Instruments sub-industry, Keysight operates within the global electronic test and measurement (T&M) market, which is characterized by a concentrated competitive landscape alongside other major players such as Rohde & Schwarz, Anritsu, and Teledyne Technologies. The business model is anchored in selling capital equipment and software tools that are essential to R&D and production workflows for electronics and communications customers, supplemented by recurring service, support, and software revenue streams.

Headlines to Watch Out For

AI data center test demand accelerates networking revenue growth
Aerospace and defense backlog expands on elevated government spending
China demand softens amid US export control headwinds

Piotroski VR-10 (Strict) 7.5

Net Income: 1.26b TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA -1.81 > 1.0
NWC/Revenue: 40.63% < 20% (prev 77.13%; Δ -36.51% < -1%)
CFO/TA 0.13 > 3% & CFO 1.60b > Net Income 1.26b
Net Debt (370.0m) to EBITDA (1.71b): 0.22 < 3
Current Ratio: 2.02 > 1.5 & < 3
Outstanding Shares: last quarter (173.0m) vs 12m ago 0.0% < -2%
Gross Margin: 64.69% > 18% (prev 62.37%; Δ 2.32% > 0.5%)
Asset Turnover: 58.32% > 50% (prev 49.23%; Δ 9.09% > 0%)
Interest Coverage Ratio: 13.61 > 6 (EBIT TTM 1.47b / Interest Expense TTM 108.0m)

Altman Z'' 5.85

A: 0.22 (Total Current Assets 5.29b - Total Current Liabilities 2.61b) / Total Assets 11.9b
B: 0.68 (Retained Earnings 8.10b / Total Assets 11.9b)
C: 0.13 (EBIT TTM 1.47b / Avg Total Assets 11.3b)
D: 1.23 (Book Value of Equity 6.57b / Total Liabilities 5.35b)
Altman-Z'' = 5.85 = AAA

Beneish M -2.54

DSRI: 1.23 (Receivables 1.07b/692.0m, Revenue 6.58b/5.24b)
GMI: 0.96 (GM 62.37% / 64.69%)
AQI: 1.25 (AQ_t 0.48 / AQ_t-1 0.38)
SGI: 1.26 (Revenue 6.58b / 5.24b)
TATA: -0.03 (NI 1.26b - CFO 1.60b) / TA 11.9b)
Beneish M = -2.54 (Cap -4..+1) = A

What is the price of KEYS shares?

As of September 27, 2026, the stock is trading at USD 362.15 with a total of 1,220,782 shares traded. Over the past week, the price has changed by +8.10%, over one month by +13.13%, over three months by +0.58% and over the past year by +110.15%.

Current recommended Stop Loss: 347.10 (which is 4.2% or 1.3 ATR below the current price).

Is KEYS a buy, sell or hold?

Keysight Technologies has received a consensus analysts rating of 4.23. Therefore, it is recommended to buy KEYS.

StrongBuy: 6
Buy: 5
Hold: 1
Sell: 1
StrongSell: 0

What are the forecasts/targets for the KEYS price?

Analysts Target Price	415.1	14.6%

Keysight Technologies (KEYS) - Fundamental Data Overview as of 20 September 2026

Market Cap USD = 57.0b (57.0b USD * 1.0 USD.USD)
P/E Trailing = 45.2703
P/E Forward = 21.2766
P/S = 8.6648
P/B = 8.6793
P/EG = 0.6643
Revenue TTM = 6.58b USD
EBIT TTM = 1.47b USD
EBITDA TTM = 1.71b USD
Long Term Debt = 1.82b USD (from longTermDebt, last quarter)
Short Term Debt = 753.0m USD (from shortTermDebt, last quarter)
Debt = 2.98b USD (from shortLongTermDebtTotal, last quarter) + Leases 229.0m
Net Debt = 370.0m USD (calculated: Debt 2.98b - CCE 2.60b)
Enterprise Value = 57.4b USD (57.0b + Debt 2.98b - CCE 2.60b)
Interest Coverage Ratio = 13.61 (Ebit TTM 1.47b / Interest Expense TTM 108.0m)
EV/FCF = 39.08x (Enterprise Value 57.4b / FCF TTM 1.47b)
FCF Yield = 2.56% (FCF TTM 1.47b / Enterprise Value 57.4b)
FCF Margin = 22.32% (FCF TTM 1.47b / Revenue TTM 6.58b)
Net Margin = 19.08% (Net Income TTM 1.26b / Revenue TTM 6.58b)
Gross Margin = 64.69% ((Revenue TTM 6.58b - Cost of Revenue TTM 2.32b) / Revenue TTM)
Gross Margin QoQ = 65.87% (prev 68.61%)
Tobins Q-Ratio = 4.82 (Enterprise Value 57.4b / Total Assets 11.9b)
Interest Expense / Debt = 3.63% (Interest Expense 108.0m / Debt 2.98b)
Taxrate = 9.61% (136.0m / 1.42b)
NOPAT = 1.33b (EBIT 1.47b * (1 - 9.61%))
Current Ratio = 2.02 (Total Current Assets 5.29b / Total Current Liabilities 2.61b)
Debt / Equity = 0.45 (Debt 2.98b / totalStockholderEquity, last quarter 6.57b)
Debt / EBITDA = 0.22 (Net Debt 370.0m / EBITDA 1.71b)
Debt / FCF = 0.25 (Net Debt 370.0m / FCF TTM 1.47b)
Total Stockholder Equity = 6.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.13% (Net Income 1.26b / Total Assets 11.9b)
RoE = 20.11% (Net Income TTM 1.26b / Total Stockholder Equity 6.25b)
RoCE = 18.23% (EBIT 1.47b / Capital Employed (Equity 6.25b + L.T.Debt 1.82b))
RoIC = 13.65% (NOPAT 1.33b / Invested Capital 9.73b)
WACC = 12.15% (E(57.0b)/V(60.0b) * Re(12.61%) + D(2.98b)/V(60.0b) * Rd(3.63%) * (1-Tc(0.10)))
Discount Rate = 12.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -75.57 | Cagr: -0.51%
[DCF] Terminal Value 62.92% ; FCFF base≈1.48b ; Y1≈1.46b ; Y5≈1.49b
[DCF] Fair Price = 80.86 (EV 14.1b - Net Debt 370.0m = Equity 13.8b / Shares 170.2m; r=12.15% [WACC]; 5y FCF grow -2.39% → 2.50% )
EPS Correlation: 33.65 | EPS CAGR: 5.12% | SUE: 3.93 | # QB: 4
Revenue Correlation: 65.23 | Revenue CAGR: 6.37% | SUE: 4.0 | # QB: 1
EPS current Quarter (2027-01-31): EPS=3.24 | Chg30d=+16.90% | Revisions=+75% | Analysts=11
EPS current Year (2026-10-31): EPS=11.47 | Chg30d=+12.06% | Revisions=+79% | GrowthEPS=+60.2% | GrowthRev=+32.4%
EPS next Year (2027-10-31): EPS=13.87 | Chg30d=+16.37% | Revisions=+79% | GrowthEPS=+20.9% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +91% (up=31, down=0)