Keysight Technologies, Inc. (KEYS)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Keysight as an instrument maker whose customers embed its test and design tools into complex workflows, which can create switching costs and a narrow moat. The balance sheet is sound: at the 2026-10-26 close, FairStock reports debt/equity 0.42 and Altman Z-score 7.51, while Piotroski is 8/9. FairStock reports ROE 20.90% but ROCE 7.23%, so the equity number flatters the underlying capital returns. Recent filings are strong: in fiscal Q3 2026 (quarter ended 2026-07-31), revenue was $1.8B, net income $397.0M, and diluted EPS $2.30, versus $1.4B, $191.0M, and $1.10 in fiscal Q3 2025 (quarter ended 2025-07-31). Yet the longer record is uneven: FY2023 revenue $5.5B, net income $1.1B, EPS $5.91 fell to FY2025 revenue $5.4B, net income $850.0M, EPS $4.91. FairStock labels it a SLOW GROWER because profit grew 6.3% and revenue 5.0% a year over five years. Valuation is the rub. The price is $326.04; FairStock P/E 44.06, P/B 8.45, EV/EBITDA 28.04, FCF yield 2.6%, and Graham Number $80.16, producing a negative 292.68% margin of safety. PEG 0.39 looks attractive but depends on forward growth. At 54/100 and no dividend, the stock already discounts a lot of recovery. I want a larger margin of safety and better ROCE before calling it a Graham bargain.

In plain English: Keysight Technologies makes electronic design and test equipment used to develop communications and industrial systems. The business looks strong lately: in fiscal Q3 2026, the quarter ended 2026-07-31, revenue was $1.8B and net income was $397.0M, up from $1.4B and $191.0M in fiscal Q3 2025, the quarter ended 2025-07-31, and debt looks manageable. However, at the 2026-10-26 close of $326.04, the share price looks high compared with the value of the company's assets and the cash it produces.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-07-31) · fiscal Q2 2026 10-Q (period ended 2026-04-30) · fiscal Q1 2026 10-Q (period ended 2026-01-31) · fiscal Q3 2025 10-Q (period ended 2025-07-31) · FY2025 10-K (period ended 2025-10-31) · FY2024 10-K (period ended 2024-10-31) · FY2023 10-K (period ended 2023-10-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer