Keysight Technologies Inc (KEYS) is slightly overvalued and Teledyne Technologies Inc (TDY) is undervalued.
Against our estimates of intrinsic value, TDY trades at the wider discount: a margin of safety of +42%, 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 8.0x revenue multiple, adjusted for growth and margin, values the shares at $1063.77; the price of $612.74 is 42% below that value.
Leak Score 76/100 on 10 of 12 signals
| Metric | KEYS | TDY |
|---|---|---|
| Verdict | Slightly overvalued | Undervalued |
| Price | $347.32 | $612.74 |
| Intrinsic value | $305.41 | $1063.77 |
| Margin of safety | -14% | +42% |
| Leak Score | 47/100 (9/12) | 76/100 (10/12) |
| Market cap | $59.1B | $28.4B |
| Revenue growth, 5 years | 5.0% | 14.8% |
| Operating margin | 24.4% | 19.4% |
| Net margin | 19.1% | 15.3% |
| Return on equity | 20.9% | 9.2% |
| Debt to equity | 0.42 | 0.19 |
| P/E | 47.8x | 29.6x |
| Forward P/E | 25.4x | 22.9x |
| P/B | 9.0x | 2.6x |