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Keysight Technologies (KEYS): Evaluating Valuation After New Satellite Handover Demo and AI-Powered FieldFox Launch

Simply Wall St · 1d ago

Keysight Technologies (KEYS) just grabbed attention with a landmark non terrestrial network handover demo alongside KT SAT, validating multi orbit mobility in Ku band while also rolling out its AI infused N99xxD FieldFox handheld RF analyzer.

See our latest analysis for Keysight Technologies.

These milestones come as Keysight shares trade at around $208.81, with a strong 30 day share price return of 16.61 percent and a 90 day share price return of 21.35 percent, signaling building momentum on top of a solid 1 year total shareholder return of 22.20 percent.

If Keysight’s mix of wireless, satellite, and automotive innovation is on your radar, this could be a good moment to also explore high growth tech and AI stocks for other potential growth names.

Yet with the stock now near its price target after a strong run, are investors still getting Keysight’s growth in wireless, satellite, and automotive at a reasonable valuation, or is the market already pricing in the next leg higher?

Most Popular Narrative Narrative: 3.1% Undervalued

With Keysight closing at $208.81 versus a most popular narrative fair value near $216, the story leans toward modest undervaluation driven by long term growth levers.

Expansion of software and recurring service offerings, now comprising 36% and 28% of total revenue respectively, increases gross and net margins by enhancing revenue stability, improving product mix, and reducing cyclicality from traditional hardware segments.

Read the complete narrative.

Curious how steady software revenue, higher margins, and richer earnings multiples combine into that fair value call? The narrative connects these factors in unexpected ways.

Result: Fair Value of $216 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, newly imposed tariffs and a potential slowdown in AI infrastructure spending could squeeze margins and temper the growth embedded in today’s valuation narrative.

Find out about the key risks to this Keysight Technologies narrative.

Another Lens On Value

Most popular narratives see Keysight as modestly undervalued, but our price to earnings work paints a tougher picture. At 41.1 times earnings versus a fair ratio of 27.9 times and an industry average of 24.8 times, the shares look richly priced and vulnerable if growth expectations slip.

See what the numbers say about this price — find out in our valuation breakdown.

NYSE:KEYS PE Ratio as at Dec 2025
NYSE:KEYS PE Ratio as at Dec 2025

Build Your Own Keysight Technologies Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a fresh Keysight thesis in minutes: Do it your way.

A great starting point for your Keysight Technologies research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.