Keysight Technologies, Inc. (KEYS) P/E Ratio History
ExpensiveTrading at 74.5x vs 5Y avg 34.3x · 100th percentile · Material premium to history · Data 2014–2026
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P/E Ratio Analysis
As of June 21, 2026, Keysight Technologies, Inc. (KEYS) trades at a price-to-earnings ratio of 74.5x, with a stock price of $363.67 and trailing twelve-month earnings per share of $6.07.
The current P/E is 117% above its 5-year average of 34.3x. Over the past five years, KEYS's P/E has ranged from a low of 20.6x to a high of 57.6x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, KEYS trades at a 157% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
The PEG ratio of 9.31 (P/E divided by 39% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, KEYS commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our KEYS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
KEYS Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
KEYS P/E vs Peers
Test, Measurement and Inspection Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $12B | 28.1 | 11.43 | -71% | |
| $4B | 12.4Lowest | - | +26% | |
| $27B | 93.0 | - | +56%Best | |
| $6B | 105.6 | 32.06 | -17% | |
| $36B | 27.8 | 1.89Best | +3% | |
| $125B | 35.2 | - | -5% | |
| $173B | 26.2 | 12.40 | +7% | |
| $12B | 216.7 | - | -22% | |
| $238B | 45.1 | 21.70 | -44% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
KEYS Historical P/E Data (2014–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $349.91 | $6.07 | 57.6x | +62% |
| FY2026 Q1 | Jan 31 2026 | $216.33 | $5.54 | 39.0x | +10% |
| FY2025 Q4 | Oct 31 2025 | $182.96 | $4.88 | 37.5x | +6% |
| FY2025 Q3 | - | $163.91 | $3.14 | 52.2x | +47% |
| FY2025 Q2 | Apr 30 2025 | $145.40 | $4.26 | 34.1x | -4% |
| FY2025 Q1 | Jan 31 2025 | $178.35 | $3.49 | 51.1x | +44% |
| FY2024 Q4 | - | $149.01 | $3.50 | 42.6x | +20% |
| FY2024 Q3 | Jul 31 2024 | $139.57 | $5.20 | 26.8x | -24% |
| FY2024 Q2 | - | $147.94 | $4.59 | 32.2x | -9% |
| FY2024 Q1 | Jan 31 2024 | $153.26 | $5.45 | 28.1x | -21% |
| FY2023 Q4 | - | $122.05 | $5.92 | 20.6x | -42% |
| FY2023 Q3 | Jul 31 2023 | $161.08 | $6.30 | 25.6x | -28% |
| FY2023 Q2 | Apr 30 2023 | $144.64 | $6.56 | 22.0x | -38% |
| FY2023 Q1 | - | $179.35 | $6.39 | 28.1x | -21% |
| FY2022 Q4 | Oct 31 2022 | $174.15 | $6.18 | 28.2x | -21% |
| FY2022 Q3 | Jul 31 2022 | $162.60 | $6.04 | 26.9x | -24% |
| FY2022 Q2 | Apr 30 2022 | $140.27 | $5.53 | 25.4x | -29% |
| FY2022 Q1 | Jan 31 2022 | $168.82 | $5.11 | 33.0x | -7% |
| FY2021 Q4 | Oct 31 2021 | $180.02 | $4.78 | 37.7x | +6% |
| FY2021 Q3 | Jul 31 2021 | $164.55 | $4.41 | 37.3x | +5% |
| FY2021 Q2 | Apr 30 2021 | $144.35 | $3.98 | 36.3x | +2% |
| FY2021 Q1 | Jan 31 2021 | $141.59 | $3.37 | 42.0x | +18% |
| FY2020 Q4 | Oct 31 2020 | $104.87 | $3.31 | 31.7x | -11% |
| FY2020 Q3 | Jul 31 2020 | $99.89 | $3.18 | 31.4x | -11% |
| FY2020 Q2 | - | $96.77 | $3.08 | 31.4x | -11% |
| FY2020 Q1 | Jan 31 2020 | $92.99 | $3.50 | 26.6x | -25% |
| FY2019 Q4 | - | $100.91 | $3.25 | 31.0x | -13% |
| FY2019 Q3 | Jul 31 2019 | $89.52 | $1.63 | 54.9x | +55% |
| FY2019 Q2 | - | $87.03 | $1.43 | 60.9x | +71% |
| FY2019 Q1 | - | $74.02 | $0.97 | 76.3x | +115% |
| FY2018 Q4 | Oct 31 2018 | $57.08 | $0.87 | 65.6x | +85% |
| FY2018 Q3 | - | $58.00 | $1.27 | 45.7x | +29% |
| FY2018 Q2 | Apr 30 2018 | $51.68 | $0.54 | 95.1x | +168% |
| FY2018 Q1 | Jan 31 2018 | $46.72 | $0.47 | 98.7x | +178% |
| FY2017 Q4 | - | $44.67 | $0.60 | 74.1x | +109% |
| FY2017 Q3 | Jul 31 2017 | $41.59 | $1.33 | 31.2x | -12% |
| FY2017 Q2 | Apr 30 2017 | $37.43 | $1.96 | 19.1x | -46% |
| FY2017 Q1 | - | $37.07 | $2.20 | 16.9x | -53% |
| FY2016 Q4 | Oct 31 2016 | $32.80 | $1.94 | 16.9x | -52% |
| FY2016 Q3 | Jul 31 2016 | $29.24 | $3.02 | 9.7x | -73% |
| FY2016 Q2 | Apr 30 2016 | $26.08 | $2.90 | 9.0x | -75% |
| FY2016 Q1 | Jan 31 2016 | $23.40 | $2.95 | 7.9x | -78% |
| FY2015 Q4 | Oct 31 2015 | $33.08 | $2.99 | 11.1x | -69% |
| FY2015 Q3 | Jul 31 2015 | $30.54 | $1.98 | 15.4x | -57% |
| FY2015 Q2 | - | $33.46 | $2.21 | 15.1x | -57% |
| FY2015 Q1 | Jan 31 2015 | $33.39 | $2.31 | 14.5x | -59% |
| FY2014 Q4 | Oct 31 2014 | $31.50 | $2.34 | 13.5x | -62% |
Average P/E for displayed period: 35.5x
Full Stock Analysis
Deep dive into KEYS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
KEYS — Frequently Asked Questions
Quick answers to the most common questions about buying KEYS stock.
What is KEYS's P/E ratio?
Keysight Technologies, Inc. (KEYS) trailing twelve-month P/E ratio is 74.5x, based on TTM diluted EPS of $6.07. The 5-year average P/E is 34.3x and the historical range spans 20.6x to 57.6x.
Is KEYS stock overvalued or undervalued?
KEYS trades at 74.5x P/E, above its 5-year average of 34.3x. The 100th percentile ranking within the 20.6x–57.6x historical range indicates a premium to historical valuation.
Is KEYS stock expensive?
Yes, KEYS is expensive relative to its own history. The current P/E of 74.5x is above the 5-year average of 34.3x and also above the Technology sector median of 29.0x. The stock sits at the 100th percentile of its 5-year valuation range.
What is KEYS's historical P/E range?
Over the past 5 years, KEYS's P/E ratio has ranged from 20.6x to 57.6x, with a median of 33.0x and an average of 34.3x. The current P/E of 74.5x places the stock at the 100th percentile of this range. Full historical data spans 2014–2026.
How does KEYS's P/E compare to the S&P 500?
KEYS trades at 74.5x P/E versus the S&P 500 median of 24.4x. The 205% premium to the market typically reflects higher expected earnings growth or quality.
How does KEYS's valuation compare to Technology peers?
Keysight Technologies, Inc. P/E of 74.5x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is KEYS's PEG ratio?
KEYS PEG ratio is 9.31, based on a P/E of 74.5x and EPS growth of 39.0%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is KEYS's earnings yield?
KEYS earnings yield is 1.34%, the inverse of its 74.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.