Using the PEG framework with analyst consensus forward EPS growth of 23.0%, Keysight Technologies, Inc. has a fair value of $203.92 based on NTM EPS (FY2026) of $8.85. The current PEG ratio is 1.39.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 23.0% |
| Adjusted Growth (clamped 8–25%) | 23.0% |
| Fair P/E | 23.0x |
| NTM EPS (FY2026) | $8.85 |
| Fair Value | $203.92 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $4.88 | — | — |
| FY2026E | $8.85 | +81.4% | 9 |
| FY2027E | $10.17 | +14.8% | 9 |
| FY2028E | $11.19 | +10.1% | 9 |
| FY2029E | $11.18 | -0.1% | 4 |
4Y Forward EPS CAGR: 23.0%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $894.0M | $4.78 | — |
| FY2022 | $1.1B | $6.18 | +29.3% |
| FY2023 | $1.1B | $5.91 | -4.4% |
| FY2024 | $614.0M | $3.51 | -40.6% |
| FY2025 | $846.0M | $4.88 | +39.0% |
4Y Historical EPS CAGR: 0.5%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.