Keysight Technologies, Inc.

WBAG:KEYS Stock Report

Market Cap: €32.0b

Keysight Technologies Valuation

Is KEYS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of KEYS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KEYS (€183.22) is trading above our estimate of future cash flow value (€162.62)

Significantly Below Future Cash Flow Value: KEYS is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KEYS?

Key metric: As KEYS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KEYS. This is calculated by dividing KEYS's market cap by their current earnings.
What is KEYS's PE Ratio?
PE Ratio42.7x
EarningsUS$869.00m
Market CapUS$37.93b

Price to Earnings Ratio vs Peers

How does KEYS's PE Ratio compare to its peers?

The above table shows the PE ratio for KEYS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.4x
KTCG Kapsch TrafficCom
14.6x-6.67%€83.8m
002415 Hangzhou Hikvision Digital Technology
20.2x9.83%CN¥287.1b
HEXA B Hexagon
38.1x18.24%SEK 270.0b
TDY Teledyne Technologies
32.5x7.75%US$29.4b
KEYS Keysight Technologies
42.7x13.15%€37.9b

Price-To-Earnings vs Peers: KEYS is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the peer average (26.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does KEYS's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KEYS 42.7xIndustry Avg. 23.2xNo. of Companies14PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KEYS is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the European Electronic industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is KEYS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KEYS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.7x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: KEYS is expensive based on its Price-To-Earnings Ratio (42.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KEYS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€183.22
€189.57
+3.47%
6.42%€209.39€163.72n/a13
Jan ’27€175.66
€187.70
+6.86%
6.26%€204.98€162.28n/a13
Dec ’26€169.82
€184.56
+8.68%
6.70%€200.66€164.33n/a13
Nov ’26€157.06
€161.42
+2.77%
6.35%€171.72€134.80n/a12
Oct ’26€147.44
€160.63
+8.94%
6.47%€170.22€133.62n/a11
Sep ’26€139.74
€162.63
+16.38%
6.47%€172.34€135.29n/a11
Aug ’26€137.22
€160.06
+16.65%
6.36%€170.28€133.67n/a12
Jul ’26€138.40
€160.59
+16.03%
7.64%€175.08€137.25n/a13
Jun ’26€138.58
€161.58
+16.60%
7.64%€176.16€138.09n/a13
May ’26€126.34
€155.76
+23.29%
9.03%€175.84€137.16n/a13
Apr ’26€138.18
€170.42
+23.33%
8.11%€184.38€144.74n/a13
Mar ’26€150.92
€177.70
+17.75%
8.11%€192.26€150.92n/a13
Feb ’26€172.42
€171.69
-0.42%
8.09%€190.32€149.40n/a12
Jan ’26€154.30
€171.69
+11.27%
8.09%€190.32€149.40€175.6612
Dec ’25€161.74
€170.87
+5.64%
7.61%€192.06€150.77€169.8212
Nov ’25€140.02
€152.63
+9.00%
6.90%€167.55€135.86€157.0612
Oct ’25€140.28
€152.63
+8.80%
6.90%€167.55€135.86€147.4412
Sep ’25€138.56
€151.18
+9.11%
6.64%€165.30€134.03€139.7412
Aug ’25€124.08
€152.51
+22.91%
7.45%€179.71€138.24€137.2211
Jul ’25€126.22
€151.31
+19.88%
7.62%€179.32€137.94€138.4010
Jun ’25€126.46
€152.19
+20.34%
7.78%€179.54€138.11€138.5810
May ’25€139.36
€153.12
+9.88%
11.09%€195.25€126.72€126.3411
Apr ’25€145.84
€153.18
+5.03%
10.90%€193.65€125.69€138.1812
Mar ’25€143.46
€152.31
+6.17%
10.03%€192.44€124.90€150.9215
Feb ’25€140.42
€152.37
+8.51%
10.88%€191.61€123.44€172.4215
Jan ’25€144.18
€148.36
+2.90%
10.43%€191.19€123.17€154.3015
€186.33
Fair Value
1.7% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/30 10:40
End of Day Share Price 2026/01/30 00:00
Earnings2025/10/31
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Keysight Technologies, Inc. is covered by 16 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
Robert MasonBaird
Timothy LongBarclays