Keysight Technologies (KEYS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Keysight Technologies

NYSE•Technology•Scientific & Technical Instruments

$331.44+9.40(0.03%)After hours

Market Cap

$56.78B

P/E

45.1x

P/S

8.6x

P/B

8.6x

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.

How this company scores

ExcellentMetricSide Score: 92/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (21/25).

Profitability25/25

Growth25/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality21/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 45.1x5y range 20.2x – 54.4x

Currently above its 20-quarter median.

P/S · 8.6x5y range 3.9x – 9.4x

Currently above its 20-quarter median.

P/B · 8.6x5y range 4.5x – 9.1x

Price & Volume

Market Cap $56.78B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.58B
Q. Revenue: $1.85B
TTM EBITDA: $1.33B
TTM Op. Income: $1.33B
Q. Op. Income: $461.00M
TTM Net Income: $1.26B
Q. Net Income: $397.00M
EPS: $2.33
Shares Out.: $171.00M

$6.58B in TTM revenue grew 25.5% YoY, reaching $1.85B last quarter. TTM EBITDA of $1.33B and TTM operating income of $1.33B show growth is flowing through to the bottom line. TTM net income of $1.26B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 65.9%
EBITDA Margin: 25.0%
Op. Margin: 25.0%
Net Margin: 21.5%

Op. margin of 25.0% is up 7.7% YoY — cost efficiency is improving. Net margin at 21.5% and gross margin of 65.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 45.1x
P/S Ratio: 8.6x
P/B Ratio: 8.6x

At 45.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 8.6x and P/B of 8.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 15% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.92B
Cash: $2.60B
Long-Term Debt: $1.82B
Book Value: $6.57B
D/E Ratio: 0.3
Debt/EBITDA: 3.9

With $11.92B in assets and $1.82B in long-term debt, D/E is 0.3and book value is $6.57B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $437.00M
TTM Free Cash Flow: $1.47B
FCF Margin: 22.3%
FCF / Net Income: 1.2

TTM FCF of $1.47B on $437.00M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.