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Keysight TechnologiesKEYS -0.28%82 Return-on-Tangible-Asset is 20.15% as of Apr. 2026, which is 57% above its 10-year median of 12.81. GuruFocus rates KEYS with a GF Score™ of 82/100 and a GF Value™ of $203.26 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,500 Hardware companies, Keysight Technologies ranks better than 93.48% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Keysight Technologies's annualizedNet Income for the quarter that ended in Apr. 2026 was $1,396 Mil. Keysight Technologies's average total tangible assets for the quarter that ended in Apr. 2026 was $6,928 Mil. Therefore, Keysight Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 20.15%.
The historical rank and industry rank for Keysight Technologies's Return-on-Tangible-Asset or its related term are showing as below:
KEYS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.37 Med: 12.81 Max: 18.41
Current: 14.77
During the past 13 years, Keysight Technologies's highest Return-on-Tangible-Asset was 18.41%. The lowest was 3.37%. And the median was 12.81%.
KEYS's Return-on-Tangible-Asset is ranked better than 93.48% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs KEYS: 14.77
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Keysight Technologies Return-on-Tangible-Asset Related Terms
Keysight Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Keysight Technologies's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Keysight Technologies's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Keysight Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Keysight Technologies's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 20.15% mean?
Keysight Technologies (KEYS) has a Return-on-Tangible-Asset of 20.15% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Keysight Technologies and its competitors. This is 57% above median its historical median of 12.81. Over the past decade, Keysight Technologies' Return-on-Tangible-Asset has ranged from 3.37 to 18.41. According to the industry distribution chart, Keysight Technologies ranks #163 out of 2500 companies in the Hardware industry, placing it in the top 6.5%.
Is Keysight Technologies' Return-on-Tangible-Asset too high?
Keysight Technologies' current Return-on-Tangible-Asset of 20.15% is 57% above median its 10-year median of 12.81. Over the past 10 years, this metric has ranged from a low of 3.37 to a high of 18.41. The Hardware industry median Return-on-Tangible-Asset is 2.46. Keysight Technologies' value of 20.15% is 720.8% above this industry median. Based on the distribution chart, Keysight Technologies ranks #163 out of 2500 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. 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' Return-on-Tangible-Asset compare to COHR and GRMN?
According to the Hardware industry distribution chart, Keysight Technologies ranks #163 out of 2500 companies for Return-on-Tangible-Asset. This places Keysight Technologies in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.46. Keysight Technologies' value of 20.15% is 720.8% above this benchmark. Historically, Keysight Technologies' own Return-on-Tangible-Asset has ranged from 3.37 to 18.41 over the past decade. While the company's 10-year median is 12.81 vs. the industry median of 2.46, 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 Return-on-Tangible-Asset for a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Keysight Technologies's current Return-on-Tangible-Asset of 20.15% is 720.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Keysight Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keysight Technologies's current Return-on-Tangible-Asset is 20.15%, which is 57% above median its own 10-year median of 12.81. 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 $203.26, compared to a current price of $340.28 — trading 67.4% above its estimated fair value. The current Return-on-Tangible-Asset is 20.15%, which is 57% above median its 10-year median of 12.81 and 720.8% above the Hardware industry median of 2.46. Keysight Technologies' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Keysight Technologies (KEYS), the current Return-on-Tangible-Asset is 20.15% as of Apr. 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 $340.28 is trading 67.4% above its estimated GF Value™ of $203.26.
GuruFocus considers Keysight Technologies to be Significantly Overvalued.
Key valuation signals for KEYS:
Return-on-Tangible-Asset: 20.15% (57% above median its 10-year median of 12.81)
GF Value™: $203.26 vs. price of $340.28 (67.4% above fair value)
Industry Position: 720.8% above the Hardware median (#163 of 2500)
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
Get the complete analysis for KEYS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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