KEYS (Keysight Technologies) Scaled Net Operating Assets: 0.58 (As of Apr. 2026)


KEYS Keysight Technologies Inc KEYS
82 GF Score
Price $322.05
GF Value $200.16
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Keysight Technologies Scaled Net Operating Assets?

Keysight Technologies KEYS -0.04% 82 Scaled Net Operating Assets is 0.58 as of Apr. 2026. GuruFocus rates KEYS with a GF Score™ of 82/100 and a GF Value™ of $200.16 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Keysight Technologies's operating assets for the quarter that ended in Apr. 2026 was $9,326 Mil. Keysight Technologies's operating liabilities for the quarter that ended in Apr. 2026 was $2,648 Mil. Keysight Technologies's Total Assets for the quarter that ended in Jan. 2026 was $11,481 Mil. Therefore, Keysight Technologies's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.58.


Keysight Technologies Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Keysight Technologies's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Keysight Technologies Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.53 0.52 0.62 0.73

Keysight Technologies Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Scaled Net Operating Assets 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 0.55 0.55 0.64 0.60 0.58

KEYS vs GRMN, COHR, TDY: Scaled Net Operating Assets Comparison

For the Scientific & Technical Instruments subindustry, Keysight Technologies's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Keysight Technologies's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Keysight Technologies's Scaled Net Operating Assets falls into.


KEYS
82GF Score
Keysight Technologies Inc KEYS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Keysight Technologies Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Keysight Technologies's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(9428-2642)/9269
=0.73

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11301 - 1873
=9428

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5420 - 2727 - 51
=2642

Keysight Technologies's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Jan. 2026 )
=(9326-2648)/11481
=0.58

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=11738 - 2412
=9326

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5407 - 2008 - 751
=2648

* 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.

What does a Scaled Net Operating Assets of 0.58 mean?
Keysight Technologies (KEYS) has a Scaled Net Operating Assets of 0.58 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Keysight Technologies and its competitors.
Is Keysight Technologies' Scaled Net Operating Assets too high?
Keysight Technologies' current Scaled Net Operating Assets is 0.58. 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' Scaled Net Operating Assets compare to GRMN and COHR?
Keysight Technologies' Scaled Net Operating Assets of 0.58 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 Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Keysight Technologies and its competitors. Keysight Technologies's current Scaled Net Operating Assets is 0.58. 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 $200.16, compared to a current price of $322.05 — trading 60.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.58. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Keysight Technologies (KEYS), the current Scaled Net Operating Assets is 0.58 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 $322.05 is trading 60.9% above its estimated GF Value™ of $200.16. GuruFocus considers Keysight Technologies to be Significantly Overvalued.

Key valuation signals for KEYS:

  • Scaled Net Operating Assets: 0.58
  • GF Value™: $200.16 vs. price of $322.05 (60.9% above fair value)
  • GF Score™: 82/100 with 3 warning signs

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 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.
82GF Score

Get the complete analysis for KEYS

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$322.05
Price
$200.16
GF Value