Keysight Technologies (KEYS) Fair Value & DCF

KEYS$285.86—
Market cap$49.62BEnterprise value$48.81BRevenue (TTM)$6.58BMarket positionTop 25%

KEYS fair value $362.80. Price $285.86. Price is 21% below fair value.

Worked example

Cash-flow value. Starting free cash flow is $8.63 a share. Year 1 is the first earnings forecast, so it has no growth rate of its own. The forecast then reaches 12.63%, and that pace fades in a straight line to 3% terminal growth by year 10. The discount rate is 10.88% (beta 1.20). It is beta-adjusted and capped at 12%. The cash-flow value is $312.54 a share.

Earnings value. Next-twelve-months earnings per share of $13.77 times 30.00 is $413.06. The peer group is Hardware, Equipment & Parts, 10 companies worth at least $10 billion. Peer median 27.5. Own 10-year median 34.3. The multiple used is the average of the two, kept between 8 and 30, which is 30.00.

Fair value is the average of the two, $362.80. The price is $285.86, which is 21.2% below fair value.

Keysight Technologies (KEYS) Fair Value & DCF

KEYS price $285.86 —

Ticker
KEYS
Price
$285.86
Change
—
Market cap
$49.62B
P/E
39.17
Forward P/E
20.99
Dividend yield
0.00%
Beta
1.20
Sector
Technology
Industry
Hardware, Equipment & Parts
Stocklytics score
66
Value
48
Quality
70
Growth
80

Stocklytics score rationale: value 48, quality 70, growth 80.

AI Score 75. Keysight Technologies, Inc. has a strong market capitalization of approximately $48.67 billion and a solid net profit margin of about 19.1%

Fair value

KEYS fair value $362.80. Price $285.86. Price is 21% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 98% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price.

Fair value blends a 10-year DCF and an earnings multiple: the average of the DCF value and an earnings value from next-twelve-months EPS times 30.0, a blend of the Hardware, Equipment & Parts median (27.5) and the stock's own 10-year median (34.3). How we calculate it →

Compare KEYS

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-19—3.37—1.95B
2026-08-183.072.481.85B1.75B
2026-05-192.872.321.72B1.71B
2026-02-232.172.001.60B1.54B
2025-11-241.911.831.42B1.38B
2025-08-191.721.671.35B1.32B
2025-05-201.701.651.31B1.28B
2025-02-251.821.691.30B1.28B
2024-11-191.651.571.29B1.26B
2024-08-201.571.351.22B1.19B
2024-05-201.411.391.22B1.20B
2024-02-201.631.591.26B1.25B
2023-11-201.991.871.31B1.30B
2023-08-172.192.041.38B1.38B
2023-05-162.121.941.39B1.38B
2023-02-212.021.851.38B1.37B
2022-11-172.141.991.44B1.40B
2022-08-172.011.781.38B1.35B
2022-05-171.831.671.35B1.30B
2022-02-171.651.571.25B1.24B
2021-11-221.821.641.29B1.24B
2021-08-181.541.441.25B1.27B
2021-05-191.441.341.22B1.20B
2021-02-181.431.381.18B1.13B
2020-11-181.621.461.22B1.09B
2020-08-201.190.831.01B705.15M
2020-05-260.781.00895.00M1.33B
2020-02-241.261.081.09B938.57M
2019-11-261.331.181.12B993.68M
2019-08-211.251.021.09B886.99M
2019-05-291.220.981.09B884.51M
2019-02-210.930.791.01B865.38M
2018-11-201.010.911.05B943.34M
2018-08-210.890.801.00B891.19M
2018-05-300.830.83990.00M990.00M
2018-03-010.510.39837.00M640.06M
2017-12-060.710.65878.00M791.44M
2017-08-300.610.60832.00M818.36M
2017-06-060.640.58753.00M647.11M
2017-02-160.570.56726.00M713.26M

Dividends

Yield 0.00%. Payout ratio 0.00%. Frequency —.

Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.

Ex-dateDividendRecordPaymentFrequency
No data yet.

Insider trades

DateInsiderActionSharesPriceValue
2026-10-16Li Jeffrey KSell1.48K$331.21489.86K
2026-10-16JUSKIE JO ANNSell1.38K$331.21455.41K
2026-09-30Dhanasekaran SatishSell3.00K$364.131.09M
2026-09-23POOLE LISA M.Sell200$348.0169.60K
2026-09-21Dougherty NeilSell2.00K$340.79681.57K
2026-09-04Estrada Ingrid ASell2.00K$326.10652.20K
2026-08-26Reese ScottBuy435——
2026-08-26Reese ScottOther0——
2026-08-21NYE JEAN MCCLUNGSell3.00K$319.22957.66K
2026-08-20Estrada Ingrid ASell2.00K$314.66629.32K
2026-08-01POOLE LISA M.Sell32$319.0810.21K
2026-07-06ALLOUCHE ARNAUDBuy1.47K——
2026-07-06ALLOUCHE ARNAUDOther0——
2026-06-30Estrada Ingrid ASell2.00K$340.87681.74K
2026-06-25Dhanasekaran SatishSell507$361.32183.19K
2026-06-02CULLEN JAMESSell3.00K$346.581.04M
2026-05-26JUSKIE JO ANNSell136$355.7448.38K
2026-05-18Dhanasekaran SatishSell500$340.48170.24K
2026-03-30HAMADA RICHARD PSell870$275.78239.93K
2026-03-24Dougherty NeilSell2.00K$298.37596.74K
2026-03-24Dhanasekaran SatishSell1.67K$300.00500.10K
2026-03-24Li Jeffrey KSell2.00K$297.19594.38K
2026-03-20Holthaus Michelle JohnstonBuy870——
2026-03-20HAMADA RICHARD PBuy870——
2026-03-20CULLEN JAMESBuy870——
2026-03-20Dockendorff Charles JBuy870——
2026-03-20Nersesian Ronald S.Buy870——
2026-03-20NYE JEAN MCCLUNGBuy870——
2026-03-20Jensen KeithBuy870——
2026-03-20Stephens Kevin ABuy870——
2026-03-20Olsen Joanne BethBuy870——
2026-03-19Dhanasekaran SatishSell1.67K$290.00483.43K
2026-03-17Nersesian Ronald S.Sell30.00K$285.968.58M
2026-02-27JUSKIE JO ANNSell1.00K$304.42304.42K
2026-02-20Estrada Ingrid ASell2.00K$237.68475.36K
2026-01-12Nersesian Ronald S.Sell5.01K$206.351.03M
2025-12-30YOON SUNGSell889$206.66183.68K
2025-12-30YOON SUNGSell500——
2025-12-30Dougherty NeilSell561——
2025-12-22Dougherty NeilSell1.00K$203.72203.72K
2025-12-11KARY JASON ANDREWSell112$201.4022.56K
2025-12-11Dougherty NeilSell358$201.4072.10K
2025-12-11JUSKIE JO ANNSell203$201.4040.88K
2025-12-11YOON SUNGSell152$201.4030.61K
2025-12-11PAGE JOHNSell70$201.4014.10K
2025-12-11Estrada Ingrid ASell218$201.4043.91K
2025-12-11Dhanasekaran SatishSell2.40K——
2025-12-10PAGE JOHNSell15.00K$213.483.20M
2025-12-10PAGE JOHNSell150——
2025-12-10NYE JEAN MCCLUNGSell485——
2025-12-09Dhanasekaran SatishSell4.23K$211.43894.35K
2025-12-04NYE JEAN MCCLUNGSell2.50K——
2025-12-03Li Jeffrey KSell3.93K$200.84790.10K
2025-12-03Li Jeffrey KSell200——
2025-12-01PAGE JOHNSell3.17K$196.42623.63K
2025-12-01Estrada Ingrid ASell4.83K$196.42948.12K
2025-12-01Dhanasekaran SatishSell12.53K$196.422.46M
2025-12-01NARAYANAN KAILASHSell3.20K$196.42628.74K
2025-11-28Nersesian Ronald S.Sell30.00K$196.885.91M
2025-11-21POOLE LISA M.Sell45$172.717.77K
2025-11-20Dhanasekaran SatishSell4.05K$169.67687.16K
2025-11-20Li Jeffrey KSell933$169.67158.30K
2025-11-20YOON SUNGSell185$169.6731.39K
2025-11-20POOLE LISA M.Sell122$169.6720.70K
2025-11-20Estrada Ingrid ABuy9.27K——
2025-11-20Estrada Ingrid ASell959$169.67162.71K
2025-11-20Dougherty NeilSell1.55K$169.67262.82K
2025-11-20NARAYANAN KAILASHSell966$169.67163.90K
2025-11-20JUSKIE JO ANNSell109$169.6718.49K
2025-11-20PAGE JOHNSell465$169.6778.90K
2025-11-20KARY JASON ANDREWSell415$169.6770.41K
2025-11-19Dhanasekaran SatishBuy33.27K——
2025-11-19Dhanasekaran SatishBuy15.78K——
2025-11-19Dhanasekaran SatishSell7.82K$174.611.37M
2025-11-19Li Jeffrey KBuy7.84K——
2025-11-19Li Jeffrey KBuy4.17K——
2025-11-19Li Jeffrey KSell2.07K$174.61361.09K
2025-11-19YOON SUNGBuy6.43K——
2025-11-19YOON SUNGBuy507——
2025-11-19YOON SUNGSell24$174.614.19K
2025-11-19POOLE LISA M.Buy1.68K——
2025-11-19POOLE LISA M.Buy540——
2025-11-19POOLE LISA M.Sell188$174.6132.83K
2025-11-19Estrada Ingrid ABuy4.30K——
2025-11-19Estrada Ingrid ASell2.13K$174.61372.79K
2025-11-19Dougherty NeilBuy15.21K——
2025-11-19Dougherty NeilBuy8.05K——
2025-11-19Dougherty NeilSell3.99K$174.61697.04K
2025-11-19NARAYANAN KAILASHBuy11.40K——
2025-11-19NARAYANAN KAILASHBuy3.81K——
2025-11-19NARAYANAN KAILASHSell1.80K$174.61313.95K
2025-11-19JUSKIE JO ANNBuy4.41K——
2025-11-19JUSKIE JO ANNBuy362——
2025-11-19JUSKIE JO ANNSell180$174.6131.43K
2025-11-19PAGE JOHNBuy2.97K——
2025-11-19PAGE JOHNBuy2.57K——
2025-11-19PAGE JOHNSell1.28K$174.61222.98K
2025-11-19KARY JASON ANDREWBuy4.75K——
2025-11-19KARY JASON ANDREWBuy679——
2025-11-19KARY JASON ANDREWSell337$174.6158.84K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.30K, holders +123 vs prior quarter. Ownership 89.91%.

HolderSharesChangeChange %Value
BLACKROCK, INC.20.08M1.47M+7.92%7.03B
VANGUARD CAPITAL MANAGEMENT LLC11.19M32.33K+0.29%3.92B
PRICE T ROWE ASSOCIATES INC /MD/9.61M-5.32M-35.64%3.37B
VANGUARD PORTFOLIO MANAGEMENT LLC8.62M481+0.01%3.02B
STATE STREET CORP8.27M273.04K+3.41%2.90B
GEODE CAPITAL MANAGEMENT, LLC4.78M158.49K+3.43%1.67B
CAPITAL WORLD INVESTORS3.43M59.44K+1.76%1.20B
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.2.62M-446.15K-14.54%918.08M
FMR LLC2.38M1.20M+101.90%832.72M
INVESCO LTD.2.33M376.11K+19.22%816.80M
NORGES BANK2.19M2.19MNew766.80M
AMUNDI2.08M-147.65K-6.64%726.96M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2.06M505.13K+32.59%719.48M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC2.00M3.66K+0.18%701.15M
NORTHERN TRUST CORP1.95M3.46K+0.18%682.85M
MORGAN STANLEY1.88M14.28K+0.77%657.42M
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC1.60M-408.47K-20.37%535.93M
VICTORY CAPITAL MANAGEMENT INC1.40M-81.83K-5.52%489.91M
LEGAL & GENERAL GROUP PLC1.33M-48.09K-3.50%464.02M
AMERIPRISE FINANCIAL INC1.30M47.92K+3.84%453.48M
NUVEEN, LLC1.21M350.06K+40.75%423.28M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.10M11.65K+1.07%385.61M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.1.10M1.10MNew385.61M
DIMENSIONAL FUND ADVISORS LP1.09M-128.05K-10.52%381.44M
DEUTSCHE BANK AG\1.03M77.10K+8.06%361.98M

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