What is Keysight Technologies, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Keysight Technologies, Inc.'s reported free cash flow gives $136.97 per share. The share price was $362.15 on September 25, 2026, 164% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.0% | 10.0% | $84.76 | -77% |
| Base | 5.0% | 9.0% | $136.97 | -62% |
| Bull | 10.0% | 8.0% | $234.46 | -35% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $174.33 | $185.70 | $199.60 | $216.97 | $239.31 |
| 8.0% | $146.48 | $153.85 | $162.57 | $173.03 | $185.81 |
| 9.0% | $126.11 | $131.15 | $136.97 | $143.76 | $151.78 |
| 10.0% | $110.59 | $114.17 | $118.24 | $122.88 | $128.24 |
| 11.0% | $98.37 | $101.00 | $103.94 | $107.24 | $110.99 |
Where the presets come from
Base: years 1 to 5 grow at Keysight Technologies, Inc.'s revenue growth rate over the last 5 fiscal years (5.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions