KEYS Valuation

Keysight Technologies Inc

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164.960

+3.71(2.301%)1D

Overview
Forecast
Valuation
Earnings

KEYS Relative Valuation

KEYS's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, KEYS is overvalued; if below, it's undervalued.

Historical Valuation

Keysight Technologies Inc (KEYS) is now in the Fair zone, suggesting that its current forward PE ratio of 22.31 is considered Fairly compared with the five-year average of 22.27. The fair price of Keysight Technologies Inc (KEYS) is between 156.82 to 187.94 according to relative valuation methord.

Relative Value

Fair Zone

156.82-187.94

Current Price：163.94

Fair

22.31

Trailing

Forward

17.65

EV/EBITDA

Keysight Technologies Inc. (KEYS) has a current EV/EBITDA of 17.65. The 5-year average EV/EBITDA is 17.47. The thresholds are as follows: Strongly Undervalued below 13.53, Undervalued between 13.53 and 15.50, Fairly Valued between 19.45 and 15.50, Overvalued between 19.45 and 21.42, and Strongly Overvalued above 21.42. The current Forward EV/EBITDA of 17.65 falls within the Historic Trend Line -Fairly Valued range.

19.71

EV/EBIT

Keysight Technologies Inc. (KEYS) has a current EV/EBIT of 19.71. The 5-year average EV/EBIT is 19.23. The thresholds are as follows: Strongly Undervalued below 14.99, Undervalued between 14.99 and 17.11, Fairly Valued between 21.35 and 17.11, Overvalued between 21.35 and 23.47, and Strongly Overvalued above 23.47. The current Forward EV/EBIT of 19.71 falls within the Historic Trend Line -Fairly Valued range.

5.13

Keysight Technologies Inc. (KEYS) has a current PS of 5.13. The 5-year average PS is 5.24. The thresholds are as follows: Strongly Undervalued below 4.04, Undervalued between 4.04 and 4.64, Fairly Valued between 5.85 and 4.64, Overvalued between 5.85 and 6.45, and Strongly Overvalued above 6.45. The current Forward PS of 5.13 falls within the Historic Trend Line -Fairly Valued range.

32.31

P/OCF

Keysight Technologies Inc. (KEYS) has a current P/OCF of 32.31. The 5-year average P/OCF is 23.14. The thresholds are as follows: Strongly Undervalued below 11.97, Undervalued between 11.97 and 17.56, Fairly Valued between 28.73 and 17.56, Overvalued between 28.73 and 34.32, and Strongly Overvalued above 34.32. The current Forward P/OCF of 32.31 falls within the Overvalued range.

39.47

P/FCF

Keysight Technologies Inc. (KEYS) has a current P/FCF of 39.47. The 5-year average P/FCF is 25.56. The thresholds are as follows: Strongly Undervalued below 13.54, Undervalued between 13.54 and 19.55, Fairly Valued between 31.57 and 19.55, Overvalued between 31.57 and 37.58, and Strongly Overvalued above 37.58. The current Forward P/FCF of 39.47 falls within the Strongly Overvalued range.

Keysight Technologies Inc (KEYS) has a current Price-to-Book (P/B) ratio of 5.06. Compared to its 3-year average P/B ratio of 5.76 , the current P/B ratio is approximately -12.16% higher. Relative to its 5-year average P/B ratio of 6.48, the current P/B ratio is about -21.98% higher. Keysight Technologies Inc (KEYS) has a Forward Free Cash Flow (FCF) yield of approximately 4.87%. Compared to its 3-year average FCF yield of 3.95%, the current FCF yield is approximately 23.12% lower. Relative to its 5-year average FCF yield of 3.88% , the current FCF yield is about 25.28% lower.

5.06

P/B

Median3y

5.76

Median5y

6.48

4.85

FCF Yield

Median3y

3.95

Median5y

3.88

Competitors Valuation Multiple

The average P/S ratio for KEYS's competitors is 5.00, providing a benchmark for relative valuation. Keysight Technologies Inc Corp (KEYS) exhibits a P/S ratio of 5.13, which is 2.52% above the industry average. Given its robust revenue growth of 7.40%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

KEYS.N

Keysight Technologies Inc

Performance Decomposition

Market capitalization of KEYS increased by 4.63% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 10.36 to 19.68.

The secondary factor is the Revenue Growth, contributed 7.40%to the performance.

Overall, the performance of KEYS in the past 1 year is driven by Margin Expansion. Which is more sustainable.

7.40%

1.22B → 1.31B

Revenue Growth

89.96%

10.36 → 19.68

Margin Expansion

-92.73%

520.89 → 37.87

P/E Change

4.63%