Keysight Technologies Inc (KEYS) is slightly overvalued and MKS Inc (MKSI) is undervalued.
Against our estimates of intrinsic value, MKSI trades at the wider discount: a margin of safety of +49%, against -14% for KEYS.
Values as of the 22 Sept 2026 close.
A 8.0x revenue multiple, adjusted for growth and margin, values the shares at $305.41; the price of $347.32 is 14% above that value.
Leak Score 47/100 on 9 of 12 signals
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $512.86; the price of $260.37 is 49% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | KEYS | MKSI |
|---|---|---|
| Verdict | Slightly overvalued | Undervalued |
| Price | $347.32 | $260.37 |
| Intrinsic value | $305.41 | $512.86 |
| Margin of safety | -14% | +49% |
| Leak Score | 47/100 (9/12) | 54/100 (3/12) |
| Market cap | $59.1B | $17.6B |
| Revenue growth, 5 years | 5.0% | 11.0% |
| Operating margin | 24.4% | 16.7% |
| Net margin | 19.1% | 10.1% |
| Return on equity | 20.9% | 15.9% |
| Debt to equity | 0.42 | 1.40 |
| P/E | 47.8x | 41.5x |
| Forward P/E | 25.4x | 14.9x |
| P/B | 9.0x | 5.9x |
| Dividend yield | — | 0.4% |