Stocktoria

Keysight Technologies, Inc. KEYS

NYSE · stock · Industrial Instruments For Measurement, Display, and Control · website · IPO 2014-10-20 · LEI

Keysight Technologies, Inc. statistics & valuation

Market cap$56.2B
P / E66.1×
P / S10.4×
P / B9.6×
P / FCF43.8×
Net margin15.8%
Return on equity14.5%
FCF margin23.8%
Net debt$661.0M
Net debt / EBITDA0.7×
Enterprise value USD$56.8B
EV / EBITDA56.4×
Earnings yield EBIT/EV1.5%
Return on capital9.3%
Graham number -82.7%$61.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($61.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.70% 19.30% 12.30% 15.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
13.90% 4.60% -10.20% 16.50% 18.10% 21.90% 24.60% 24.90% 16.70% 16.30% 2016201720182019202020212022202320242025
Return on equity (%)
27.00% 22.70% 12.00% 14.50% 2016201720182019202020212022202320242025
Shares outstanding
172.0M 182.0M 191.0M 191.0M 189.0M 187.0M 182.0M 179.0M 175.0M 173.0M 2016201720182019202020212022202320242025
Net debt ($)
$310.0M $1.22B $378.0M $190.0M $33.0M -$261.0M -$249.0M -$678.0M -$6.0M $661.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
13.90% 12.20% 6.60% 7.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
11.30% 8.00% 10.90% 20.40% 21.30% 23.20% 17.70% 22.20% 18.00% 23.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.72× 0.88× 0.53× 0.60× 0.54× 0.47× 0.43× 0.39× 0.35× 0.43× 2016201720182019202020212022202320242025
EPS ($)
$1.95 $0.56 $0.86 $3.25 $3.31 $4.78 $6.18 $5.91 $3.51 $4.91 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Keysight Technologies, Inc. trades at about 72.2× earnings — above its 10-year norm (10-year range 18.9×–77.7×, median 40.3×).

18.9× 77.7×

Shaded band = 10-year range (18.9×–77.7×); dot = today's 72.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin16.3%16.7%24.9%24.6%21.9%18.1%16.5%-10.2%4.6%13.9%
Net margin15.8%12.3%19.3%20.7%——————
FCF margin23.8%18.0%22.2%17.7%23.2%21.3%20.4%10.9%8.0%11.3%
Return on assets7.5%6.6%12.2%13.9%——————
Return on equity14.5%12.0%22.7%27.0%——————
Debt / equity0.43×0.35×0.39×0.43×0.47×0.54×0.60×0.53×0.88×0.72×
Current ratio2.352.982.353.012.933.123.211.632.662.88

Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.