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Analyses / KEYS

KEYS Keysight Technologies Inc As of Jul 7, 2026
$319.73

Test & measurement leader faces valuation headwinds despite margin strength and RF semiconductor tailwinds.

Setup: Growth / Quality (deteriorating valuation, steady margins) Confidence: 62 Horizon: 3–6 months Risk: medium-high Category: Large Cap
🔒 Trade Plan — entry · target · stop
Entry Zone
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Target
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Stop Loss
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Risk / Reward
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The Thesis

▲ Bull Case

Strong gross (62%) & operating (16.3%) margins. RF/5G test infrastructure demand from WIN collab + semiconductor cycle recovery. 5Y revenue growth 4.95%, 5Y EPS growth 8.17%. Current ratio 2.35 signals solid balance sheet. If semiconductor capex cycle accelerates H2–2025, test-equipment demand could reignite multiples.

▼ Bear Case

Forward P/E 63x (vs S&P 500 ~20x) suggests priced for perfection. Current P/E 50.9x + EV/EBITDA 54x both well above historical averages. YoY revenue growth -0.28% (contraction), EPS growth -7.34% (sharp decline). Insider selling heavy (91 sells vs 32 buys). Price down 14.8% from 52-week high ($374.96). Risk of multiple compression if Q1–Q2 earnings disappoint.

Valuation

Overvalued — score 28/100

P/E 50.9x and forward P/E 63x are 2.5–3.2x S&P 500 multiples. EV/EBITDA 54x is elevated. P/S 9.98x is rich. Justified only if revenue growth rebounds sharply; current -0.28% YoY growth does NOT support premium. PEG, ROE, ROIC all unavailable but Q trend (EPS -7.34% YoY) suggests value is deteriorating.

Technical Levels

Support · $305.00 (Recent pullback low; 50-day MA (approx)) · $280.00 (Psychological round; 30% downside from here)

Resistance · $328.58 (Today's high; immediate ceiling) · $350.00 (Psychological round; 9% upside) · $374.96 (52-week high; major resistance)

RSI: Not provided by Finnhub

Financial Health

Score 78/100. Balance sheet is fortress-like (2.35 current ratio, 1.63 quick ratio). Ability to cover short-term obligations is strong. Debt metrics unknown but given industrial profile and cash position, solvency is not a concern. Risk is operational (earnings, growth), not financial distress.

Risk Flags

Insider selling outpacing buying (net -42.5k shares YTD). Management may lack conviction near all-time highs.
Trailing revenue growth negative; earnings declining YoY. Multiple expansion unsustainable without growth reacceleration.
Forward P/E 63x is 3.15x S&P 500 — any earnings miss will trigger sharp repricing.
52-week high $374.96 was 17% higher than now; risk of continued sideways drift if demand remains soft.

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KEYS FAQ

Is KEYS a buy right now?

Keysight Technologies Inc's current read is a Growth / Quality (deteriorating valuation, steady margins) setup with 62 confidence over a 3–6 months horizon. Valuation: Overvalued. See the full bull and bear case above, or run a live analysis for the exact entry, target and stop.

Is KEYS overvalued?

Overvalued (valuation score 28/100). P/E 50.9x and forward P/E 63x are 2.5–3.2x S&P 500 multiples. EV/EBITDA 54x is elevated. P/S 9.98x is rich. Justified only if revenue growth rebounds sharply; current -0.28% YoY growth does NOT support premium. PEG, ROE, ROIC all unavailable but Q trend (EPS -7.34% YoY) suggests value is deteriorating.

What are the risks of buying KEYS?

Forward P/E 63x (vs S&P 500 ~20x) suggests priced for perfection. Current P/E 50.9x + EV/EBITDA 54x both well above historical averages. YoY revenue growth -0.28% (contraction), EPS growth -7.34% (sharp decline). Insider selling heavy (91 sells vs 32 buys). Price down 14.8% from 52-week high ($374.96). Risk of multiple compression if Q1–Q2 earnings disappoint.