Question 1

What is Keysight Technologies's P/FCF ratio?

Accepted Answer

Keysight Technologies (KEYS) P/FCF ratio is 39.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Keysight Technologies?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Keysight Technologies specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is Keysight Technologies's P/FCF ratio high or low?

Accepted Answer

Keysight Technologies's P/FCF ratio of 39.4× is above its own 5-year average of 26.7× and above the sector median of 21.6×. That places the current reading at the 97th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Keysight Technologies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Keysight Technologies (KEYS) P/FCF ratio has ranged from a low of 9.5× in 2013 to a high of 44.3× in 2026. The 5-year average is 26.7× and the 5-year median is 26.8×.

Question 7

What was Keysight Technologies's P/FCF ratio in 2025?

Accepted Answer

Keysight Technologies (KEYS) P/FCF ratio at the end of 2025 was 23.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Keysight Technologies's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$31.65B	$1.37B	23.1×	-5.6×	Oct 31, 2025
2024	$25.78B	$898.00M	28.7×	+11.0×	Oct 31, 2024
2023	$21.48B	$1.21B	17.7×	-14.8×	Oct 31, 2023
2022	$31.17B	$959.00M	32.5×	+3.6×	Oct 31, 2022
2021	$33.13B	$1.15B	28.9×	+7.0×	Oct 31, 2021
2020	$19.61B	$899.00M	21.8×	+0.3×	Oct 31, 2020
2019	$18.87B	$878.00M	21.5×	-3.7×	Oct 31, 2019
2018	$10.67B	$423.00M	25.2×	-8.8×	Oct 31, 2018
2017	$8.21B	$241.00M	34.0×	+16.9×	Oct 31, 2017
2016	$5.58B	$325.00M	17.2×	-2.6×	Oct 31, 2016
2015	$5.62B	$284.00M	19.8×	+9.1×	Oct 31, 2015
2014	$5.26B	$493.00M	10.7×	+1.2×	Oct 31, 2014
2013	$4.72B	$497.00M	9.5×	—	Oct 31, 2013


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Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
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Fiserv (FISV)	7.2×
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GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
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HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for Keysight Technologies (KEYS)

P/FCF Ratio daily chart for Keysight Technologies (KEYS)

Historical P/FCF Ratio for Keysight Technologies (KEYS) from 2013 to 2025

About P/FCF Ratio at Keysight Technologies (KEYS)

Keysight Technologies P/FCF Ratio by Year

Keysight Technologies P/FCF Ratio 2025: 23.1×

Keysight Technologies P/FCF Ratio 2024: 28.7×

Keysight Technologies P/FCF Ratio 2023: 17.7×

Keysight Technologies P/FCF Ratio 2022: 32.5×

Keysight Technologies P/FCF Ratio 2021: 28.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Keysight Technologies (KEYS) Key Financials

P/FCF Ratio daily chart for Keysight Technologies (KEYS)

Historical P/FCF Ratio for Keysight Technologies (KEYS) from 2013 to 2025

About P/FCF Ratio at Keysight Technologies (KEYS)

Keysight Technologies P/FCF Ratio by Year

Keysight Technologies P/FCF Ratio 2025: 23.1×

Keysight Technologies P/FCF Ratio 2024: 28.7×

Keysight Technologies P/FCF Ratio 2023: 17.7×

Keysight Technologies P/FCF Ratio 2022: 32.5×

Keysight Technologies P/FCF Ratio 2021: 28.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Keysight Technologies's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Keysight Technologies?

+Is Keysight Technologies's P/FCF ratio high or low?

+What is Keysight Technologies's historical P/FCF ratio range?

+What was Keysight Technologies's P/FCF ratio in 2025?

+Why does Keysight Technologies's P/FCF ratio change over time?

Keysight Technologies (KEYS) Key Financials