Keysight Technologies Inc (KEYS) is slightly overvalued and Trimble Inc (TRMB) is overvalued.
Both trade above our estimate of their intrinsic value. KEYS is the closer of the two: -14%, against -75% for TRMB.
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
Discounting its cash flows at 10.6% (average of 2 methods) values the shares at $33.92; the price of $59.30 is 75% above that value, and 70% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | KEYS | TRMB |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $347.32 | $59.30 |
| Intrinsic value | $305.41 | $33.92 |
| Margin of safety | -14% | -75% |
| Leak Score | 47/100 (9/12) | 0/100 (2/12) |
| Market cap | $59.1B | $13.8B |
| Revenue growth, 5 years | 5.0% | 2.6% |
| Operating margin | 24.4% | 18.7% |
| Net margin | 19.1% | -2.8% |
| Return on equity | 20.9% | -1.9% |
| Debt to equity | 0.42 | 0.29 |
| P/E | 47.8x | — |
| Forward P/E | 25.4x | 14.4x |
| P/B | 9.0x | 2.7x |