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Keysight TechnologiesKEYS +3.99%82 Debt-to-Equity is 0.42 as of Jul. 2026, which is 22% below its 10-year median of 0.54. GuruFocus rates KEYS with a GF Score™ of 82/100 and a GF Value™ of $220.43 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,232 Hardware companies, Keysight Technologies ranks worse than 61.42% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Keysight Technologies's Debt-to-Equity or its related term are showing as below:
KEYS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.54 Max: 1.07
Current: 0.42
During the past 13 years, the highest Debt-to-Equity Ratio of Keysight Technologies was 1.07. The lowest was 0.39. And the median was 0.54.
KEYS's Debt-to-Equity is ranked worse than 61.42% of 2232
companies
in the Hardware industry
Industry Median: 0.28
vs KEYS: 0.42
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Keysight Technologies Debt-to-Equity Related Terms
Keysight Technologies Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Keysight Technologies's Debt-to-Equity 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.
KEYS vs COHR, GRMN, TDY: Debt-to-Equity Comparison
For the Scientific & Technical Instruments subindustry, Keysight Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Keysight Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Keysight Technologies's Debt-to-Equity falls into.
* 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 (KEYS) has a Debt-to-Equity of 0.42 as of Jul. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Keysight Technologies and its competitors. This is 22% below median its historical median of 0.54. Over the past decade, Keysight Technologies' Debt-to-Equity has ranged from 0.39 to 1.07. According to the industry distribution chart, Keysight Technologies ranks #1371 out of 2232 companies in the Hardware industry, placing it in the top 61.4%.
Is Keysight Technologies' Debt-to-Equity too high?
Keysight Technologies' current Debt-to-Equity of 0.42 is 22% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.07. The Hardware industry median Debt-to-Equity is 0.28. Keysight Technologies' value of 0.42 is 50% above this industry median. Based on the distribution chart, Keysight Technologies ranks #1371 out of 2232 companies in the Hardware industry, which is below the industry midpoint. Overall, Keysight Technologies has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keysight Technologies' Debt-to-Equity compare to COHR and GRMN?
According to the Hardware industry distribution chart, Keysight Technologies ranks #1371 out of 2232 companies for Debt-to-Equity. This places Keysight Technologies in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Keysight Technologies' value of 0.42 is 50% above this benchmark. Historically, Keysight Technologies' own Debt-to-Equity has ranged from 0.39 to 1.07 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.28, Keysight Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,232 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Keysight Technologies's current Debt-to-Equity of 0.42 is 50% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Keysight Technologies and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keysight Technologies's current Debt-to-Equity is 0.42, which is 22% below median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keysight Technologies stock overvalued right now?
Based on GuruFocus' analysis, Keysight Technologies (KEYS) is currently considered Significantly Overvalued. The stock's GF Value™ is $220.43, compared to a current price of $338.64 — trading 53.6% above its estimated fair value. The current Debt-to-Equity is 0.42, which is 22% below median its 10-year median of 0.54 and 50% above the Hardware industry median of 0.28. Keysight Technologies' overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Keysight Technologies (KEYS), the current Debt-to-Equity is 0.42 as of Jul. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Keysight Technologies (KEYS) Overvalued in 2026?
Based on GuruFocus' analysis, Keysight Technologies stock appears to be overvalued.
The current stock price of $338.64 is trading 53.6% above its estimated GF Value™ of $220.43.
GuruFocus considers Keysight Technologies to be Significantly Overvalued.
Key valuation signals for KEYS:
Debt-to-Equity: 0.42 (22% below median its 10-year median of 0.54)
GF Value™: $220.43 vs. price of $338.64 (53.6% above fair value)
Industry Position: 50% above the Hardware median (#1371 of 2232)
No single metric tells the full story. See the KEYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
82GF Score
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