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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Keysight Technologies's Sloan Ratio for the quarter that ended in Jul. 2026 was 11.92%.
As of Jul. 2026, Keysight Technologies has a Sloan Ratio of 11.92%, indicating there is a warning stage of accrual build up.
Keysight Technologies (NYSE:KEYS) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jul. 2026, Keysight Technologies has a Sloan Ratio of 11.92%, indicating there is a warning stage of accrual build up.
Keysight Technologies Sloan Ratio % Related Terms
Keysight Technologies Sloan Ratio % Historical Data
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The historical data trend for Keysight Technologies's Sloan 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.
For the Scientific & Technical Instruments subindustry, Keysight Technologies's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Keysight Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Keysight Technologies's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Keysight Technologies's Sloan Ratio for the fiscal year that ended in Oct. 2025 is calculated as
Keysight Technologies's Net Income for the trailing twelve months (TTM) ended in Jul. 2026 was 233 (Oct. 2025 ) + 281 (Jan. 2026 ) + 349 (Apr. 2026 ) + 397 (Jul. 2026 ) = $1,260 Mil.
Keysight Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 was 225 (Oct. 2025 ) + 441 (Jan. 2026 ) + 501 (Apr. 2026 ) + 437 (Jul. 2026 ) = $1,604 Mil.
Keysight Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2026 was -1630 (Oct. 2025 ) + -44 (Jan. 2026 ) + -36 (Apr. 2026 ) + -55 (Jul. 2026 ) = $-1,765 Mil.
* 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 Sloan Ratio % of 11.92% as of Jul. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Keysight Technologies and its competitors.
Is Keysight Technologies' Sloan Ratio % too high?
Keysight Technologies' current Sloan Ratio % is 11.92%. 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' Sloan Ratio % compare to COHR and GRMN?
Keysight Technologies' Sloan Ratio % of 11.92% can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Hardware company?
A good Sloan Ratio % depends on the Hardware industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Keysight Technologies and its competitors. Keysight Technologies's current Sloan Ratio % is 11.92%. 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 $221.16, compared to a current price of $317.72 — trading 43.7% above its estimated fair value. The current Sloan Ratio % is 11.92%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Keysight Technologies (KEYS), the current Sloan Ratio % is 11.92% 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 $317.72 is trading 43.7% above its estimated GF Value™ of $221.16.
GuruFocus considers Keysight Technologies to be Significantly Overvalued.
Key valuation signals for KEYS:
Sloan Ratio %: 11.92%
GF Value™: $221.16 vs. price of $317.72 (43.7% above fair value)
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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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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