Keysight Technologies (LTS:0A7N) Cyclically Adjusted PB Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0A7N Keysight Technologies Inc LTS:0A7N
85 GF Score
Price $315.91
GF Value $216.50
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Keysight Technologies Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Keysight Technologies  (LTS:0A7N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Keysight Technologies Cyclically Adjusted PB Ratio Related Terms


Keysight Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Keysight Technologies's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Keysight Technologies Cyclically Adjusted PB Ratio Chart

Keysight Technologies Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 11.38 7.17 7.64 8.15

Keysight Technologies Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.55 8.15 9.37 14.42 0.00

LTS:0A7N vs COHR, GRMN, TDY: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, Keysight Technologies's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Keysight Technologies Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Keysight Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Keysight Technologies's Cyclically Adjusted PB Ratio falls into.


LTS:0A7N
85GF Score
Keysight Technologies Inc LTS:0A7N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Keysight Technologies Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Keysight Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Keysight Technologies's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=37.983/333.9180*333.9180
=37.983

Current CPI (Jul. 2026) = 333.9180.

Keysight Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201610 8.916 241.729 12.316
201701 9.598 242.839 13.198
201704 11.760 244.524 16.059
201707 11.949 244.786 16.300
201710 12.439 246.663 16.839
201801 13.234 247.867 17.828
201804 13.499 250.546 17.991
201807 13.951 252.006 18.486
201810 13.039 252.885 17.217
201901 14.146 251.712 18.766
201904 14.915 255.548 19.489
201907 15.644 256.571 20.360
201910 16.021 257.346 20.788
202001 16.651 257.971 21.553
202004 16.542 256.389 21.544
202007 17.888 259.101 23.053
202010 17.793 260.388 22.817
202101 19.001 261.582 24.255
202104 19.214 267.054 24.025
202107 20.380 273.003 24.927
202110 20.803 276.589 25.115
202201 20.957 281.148 24.891
202204 21.006 289.109 24.262
202207 21.863 296.276 24.641
202210 23.311 298.012 26.120
202301 24.769 299.170 27.646
202304 26.462 303.363 29.127
202307 27.542 305.691 30.085
202310 26.655 307.671 28.929
202401 27.597 308.417 29.879
202404 28.133 313.548 29.961
202407 30.141 314.540 31.998
202410 29.580 315.664 31.291
202501 29.965 317.671 31.498
202504 31.882 320.795 33.186
202507 32.989 323.048 34.099
202510 34.338 0.000
202601 36.203 325.252 37.168
202604 37.080 333.020 37.180
202607 37.983 333.918 37.983

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Keysight Technologies (LTS:0A7N) Overvalued in 2026?

Based on GuruFocus' analysis, Keysight Technologies stock appears to be overvalued. The current stock price of $315.91 is trading 45.9% above its estimated GF Value™ of $216.50. GuruFocus considers Keysight Technologies to be Significantly Overvalued.

Key valuation signals for LTS:0A7N:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $216.50 vs. price of $315.91 (45.9% above fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the LTS:0A7N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keysight Technologies Business Description

Address 1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.
85GF Score

Get the complete analysis for LTS:0A7N

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$315.91
Price
$216.50
GF Value