Is Keysight Technologies (KEYS) overvalued or fairly valued?

MarketChacha shows Keysight Technologies's valuation in context — a trailing P/E of about 54.6, a forward P/E of about 28.6, a price-to-book of about 9.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Keysight Technologies's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.53×) from reported figures — education, not a rating.

What is Keysight Technologies's revenue?

Keysight Technologies reported revenue of $5.4B for FY2025, with net profit of $850.0M, per official filings.

What is the share price of Keysight Technologies (KEYS)?

Keysight Technologies last traded at $341.00 (-4.7% on the day), as of 8/18/2026 — a delayed quote shown for education, not investment advice.

Keysight Technologies

KEYS · NYSE · Technology · United States

Snapshot

TickerKEYS

ExchangeNYSE

SectorTechnology

IndustryScientific & Technical Instruments

CountryUnited States

Employees16,500

HeadquartersSanta Rosa, United States

Websitewww.keysight.com

Filings tracked13

About Keysight Technologies

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.

Who owns it

Insiders0.6%
Institutions92.3%
Public & other7.1%

1,716 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.75%
Vanguard Capital Management LLC6.55%
Price (T.Rowe) Associates Inc5.63%
Vanguard Portfolio Management LLC5.04%
State Street Corporation4.84%
Geode Capital Management, LLC2.80%
Capital World Investors2.01%
T. Rowe Price Investment Management, Inc.1.53%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 3.5 points over the period — profitability is trending down.

Cash conversion1.53×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend19.3% → 15.8%

Margin has compressed by about 3.5 points over the period — profitability is trending down.

Growth qualityrev -1% · PAT -10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.8B · EPS 2.68

Est. earnings growth +40.3%

Next fiscal year

Rev $7.7B · EPS 11.92

Est. earnings growth +16.4%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$5.4B

Net margin

15.8%

ROE

14.5%

Revenue CAGR (2y)

-0.8%

Profit CAGR (2y)

-10.3%

EPS (FY2025)

4.91

Net profit (FY2025)

$850.0M

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$5.4B	$850.0M	4.91	15.8%	14.5%
FY2024	$5.0B	$614.0M	3.51	12.3%	12.0%
FY2023	$5.5B	$1.1B	5.91	19.3%	22.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.7B	$349.0M	2.02	20.3%
2026Q1	$1.6B	$281.0M	1.63	17.6%
2025Q3	$1.4B	$191.0M	1.10	14.1%
2025Q2	$1.3B	$257.0M	1.49	19.7%
2025Q1	$1.3B	$169.0M	0.97	13.0%
2024Q3	$1.2B	$389.0M	2.22	32.0%
2024Q2	$1.2B	$126.0M	0.72	10.4%
2024Q1	$1.3B	$172.0M	0.98	13.7%
2023Q3	$1.4B	$288.0M	1.61	20.8%
2023Q2	$1.4B	$283.0M	1.58	20.4%
2023Q1	$1.4B	$260.0M	1.45	18.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC6/4/2026
8-K — Results of operations, Exhibits
SEC5/19/2026material
8-K — Material financial obligation, Exhibits
SEC4/23/2026material
8-K — Shareholder vote results
SEC3/24/2026material
8-K — Executive/director change
SEC3/13/2026material
10-Q filing
SEC3/5/2026
8-K — Results of operations, Exhibits
SEC2/23/2026material

2025

10-K filing
SEC12/17/2025
8-K — Results of operations, Exhibits
SEC11/24/2025material
8-K — Executive/director change, Exhibits
SEC11/20/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/20/2025material
10-Q filing
SEC8/29/2025
8-K — Results of operations, Exhibits
SEC8/19/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.