Keysight Technologies, Inc. (KEYS)

Industrial Instruments For Measurement, Display, and Control

Latest Price

$314.96

TTM P/E

43.15

Normalized P/E

56.30

Div Yield

Book Value

38.43

P/B Ratio

8.20

Valuation metrics

EPS: $4.91

Book value / share: $33.99

Formula: √(22.5 × EPS × BVPS)

Graham Number

$61.28

81% downside

Norm. op. income: $876M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$40.47

87% downside

Base FCF: $1.1B (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$212.00

33% downside

EPS: $4.91

Target P/E: 56×

Formula: EPS × P/E

P/E Fair Value

$274.96

13% downside

88.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	20.08M	$7.03B	11.75%	+1.47M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	11.19M	$3.92B	6.54%	+32.3K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	9.61M	$3.37B	5.62%	-5.32M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	8.62M	$3.02B	5.04%	+481	2026-06-30
STATE STREET CORP	8.27M	$2.90B	4.84%	+273.0K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	4.78M	$1.67B	2.80%	+158.5K	2026-06-30
Capital World Investors	3.43M	$1.20B	2.01%	+59.4K	2026-06-30
T. Rowe Price Investment Management, Inc.	2.62M	$918.0M	1.53%	-446.2K	2026-06-30
FMR LLC	2.38M	$832.0M	1.39%	+1.20M	2026-06-30
Invesco Ltd.	2.33M	$816.0M	1.36%	+376.1K	2026-06-30