KEYS vs ASML vs EMR Stock Comparison

Keysight Technologies, Asml Holding and Emerson Electric Prices as of Oct 27, 2026 Peers: Industry group
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ASML Asml Holding Nv
$1,635.57 -6.2% 1M +54.3% 1Y
Market cap
$646.21B
P/E
59.1x
Revenue (TTM)
$37.62B
Div. yield
–
Semiconductor Equipment Technology
3 wins
EMR Emerson Electric Co
$166.25 +5.2% 1M +23.6% 1Y
Market cap
$93.37B
P/E
36.2x
Revenue (TTM)
$18.64B
Div. yield
0.01%
Pumps and Valves Industrials
3 wins

Head to Head

11 decided of 12

Keysight Technologies leads on 5 of the 12 questions below (Keysight Technologies 5, Asml Holding 3, Emerson Electric 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKEYSASMLEMRLeader
Larger companyMarket capitalisation $57.35B $646.21B $93.37B ASML
Cheaper on earningsLower P/E, profitable companies only 45.5x 59.1x 36.2x EMR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.4x 34.3x 24.6x EMR
Faster revenue growthRevenue growth, trailing twelve months +25.5% +22.9% +4.8% KEYS
More profitableNet margin, trailing twelve months 19.1% 29.1% 13.8% ASML
Better return on capitalReturn on invested capital 13.4% — 10.9% KEYS
Less leveragedLower net debt / EBITDA -0.1x — 1.8x KEYS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +100.4% +54.3% +23.6% KEYS
Better 5-year returnAnnualised price return, 5 years +13.4%/yr +15.0%/yr +11.3%/yr ASML
Less volatileAnnualised volatility, 1 year 45.2% 46.8% 31.8% EMR
Higher overall scoreMean of the five percentile scores vs peers 63/100 47/100 45/100 KEYS

Percentile Scorecard

KEYSASMLEMR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisKEYSASMLEMR
Valuation 27 #82 of 112 18 #77 of 94 34 #134 of 203
Growth 65 #39 of 109 82 #17 of 92 40 #114 of 188
Profitability 88 #13 of 104 79 #20 of 90 86 #26 of 183
Financial Health 52 #56 of 116 13 #86 of 99 29 #154 of 217
Shareholder Returns 81 #16 of 81 42 #43 of 73 36 #99 of 153
Overall 63 47 45
  • KEYS ranked among 122 companies in Computer Hardware
  • ASML ranked among 103 companies in Semiconductors
  • EMR ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodKEYSASMLEMRSPY
1 month -7.2%-6.2%+5.2% -0.2%
3 months +10.2%+3.3%+9.5% +3.9%
6 months +1.2%+18.1%+20.1% +8.2%
Year to date +65.4%+52.9%+25.3% +12.9%
1 year +100.4%+54.3%+23.6% +12.3%
3 years +181.7%+177.2%+88.9% +87.4%
3 years, per year +41.3%+40.5%+23.6% +23.3%
5 years +87.4%+101.1%+70.5% +67.9%
5 years, per year +13.4%+15.0%+11.3% +10.9%
10 years +922.0%+1,471.9%+233.6% +261.1%
10 years, per year +26.2%+31.7%+12.8% +13.7%

Risk

MeasureKEYSASMLEMRSPY
Volatility, 1Y 45.2%46.8%31.8% 12.7%
Downside volatility, 1Y 44.1%46.4%33.5% 12.7%
Beta vs S&P 500, 1Y 1.932.271.54 1.00
Return / volatility, 1Y 2.221.160.74 0.97
Max drawdown, 5Y -42.6%-56.9%-29.9% -25.4%
From 52-week high -13.3%-17.8%0.0% -1.2%
52-week high $387.90$1,989.44$166.25 $779.14
52-week low $167.77$966.57$123.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleKEYSASMLEMR
P/E now vs peer median 45.6xmedian 33.2x 58.1xmedian 45.6x 36.0xmedian 25.2x
P/S now vs peer median 8.7xmedian 2.8x 16.8xmedian 7.7x 5.0xmedian 1.9x
EV/EBITDA now vs peer median 33.1xmedian 20.0x —median 29.0x 16.8xmedian 14.0x
P/FCF now vs peer median 39.0xmedian 29.8x 50.3xmedian 40.6x 26.8xmedian 21.7x
P/B now vs peer median 8.7xmedian 3.0x 27.4xmedian 4.6x 4.5xmedian 2.3x
PEG now vs peer median 9.34median 1.17 2.40median 2.28 -0.87median 1.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsKEYSASMLEMR
Revenue $6.58B $37.62B $18.64B
Gross profit $4.26B $19.58B $9.91B
Operating income $1.33B – $4.68B
Net income $1.26B – $2.58B
Free cash flow $1.47B – $3.46B
R&D $1.19B – –
EPS (diluted) $7.28 $28.13 $4.59
Cash & equivalents $2.61B $15.17B $2.18B
Total debt $2.52B $5.16B $13.11B
Shares (diluted) 173.00M 388.90M 561.10M
Enterprise value $48.29B $601.90B $86.11B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricKEYSASMLEMR
P/E 45.6x 58.1x 36.0x
P/FCF 39.0x 50.3x 26.8x
P/Operating cash flow 35.7x – 23.7x
P/S 8.7x 16.8x 5.0x
P/B 8.7x 27.4x 4.5x
P/Tangible book 10.5x 28.1x 7.9x
EV/EBITDA 33.1x – 16.8x
EV/EBIT 42.9x – 22.2x
EV/Revenue 8.7x 16.5x 5.6x
EV/FCF 38.9x – 29.9x
EV/Operating cash flow 35.6x – 26.5x
PEG (3Y EPS CAGR) 9.34 2.40 -0.87

Growth

14 metrics
MetricKEYSASMLEMR
Revenue growth (1Y) 25.5% 22.9% 4.8%
Revenue CAGR (3Y) 5.6% 19.4% 7.6%
Gross profit growth (1Y) 30.2% 24.9% 5.7%
Gross profit CAGR (3Y) 5.8% 20.6% 11.0%
Operating income growth (1Y) 49.9% – 9.2%
Operating income CAGR (3Y) -2.1% – 13.6%
Net income growth (1Y) 131.6% – -3.0%
Net income CAGR (3Y) 3.7% – -42.0%
EPS growth (1Y) 131.6% 35.2% -2.2%
EPS CAGR (3Y) 4.9% 24.2% -41.6%
Operating cash flow growth (1Y) 4.0% – 4.4%
Operating cash flow CAGR (3Y) 4.0% – 10.1%
Free cash flow growth (1Y) 3.8% – 4.4%
Free cash flow CAGR (3Y) 6.6% – 9.4%

Profitability

14 metrics
MetricKEYSASMLEMR
Gross margin 64.7% 52.0% 53.2%
EBITDA margin 26.2% – 33.1%
Operating margin 20.3% – 25.1%
Pretax margin 21.5% – 17.6%
Net margin 19.1% 29.1% 13.8%
FCF margin 22.3% – 18.6%
Operating cash flow margin 24.4% – 21.0%
Return on equity 19.8% – 12.7%
Return on assets 10.8% – 6.1%
Return on invested capital 13.4% – 10.9%
Return on capital employed 14.5% – 14.9%
Asset turnover 0.6x 0.7x 0.4x
Cash conversion (OCF / net income) 1.3x – 1.5x
Stock comp / revenue 3.3% – 1.3%

Financial Health

11 metrics
MetricKEYSASMLEMR
Debt / assets 21.1% 8.7% 31.1%
Debt / equity 0.4x 0.2x 0.6x
Net debt / EBITDA -0.1x – 1.8x
Debt / FCF 1.7x – 3.8x
Liabilities / assets 44.9% 61.2% 51.7%
Equity / assets 55.1% 38.8% 48.3%
Interest coverage 12.3x – –
Current ratio 2.0x 1.3x 0.9x
Quick ratio 1.4x 0.7x 0.5x
Cash ratio 1.0x 0.5x 0.2x
Altman Z-score 8.56 – 4.71

Shareholder Returns

7 metrics
MetricKEYSASMLEMR
Dividend yield – 0.7% 1.3%
Net buyback yield 2.0% – 1.0%
Shareholder yield 2.0% 0.7% 2.3%
Payout ratio (earnings) – – 47.8%
Payout ratio (FCF) – – 35.6%
Dividend growth (1Y) – – 3.1%
Dividend CAGR (3Y) – – 0.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusKEYSASMLEMR
Forward P/E 31.4xFY2026 34.3xFY2026 24.6xFY2026
EPS, next fiscal year $10.71FY2026 $47.62FY2026 $6.75FY2026
EPS growth, next FY +49.6%FY2026 +61.2%FY2026 +12.5%FY2026
EPS growth, the year after +20.4% +42.0% +15.3%
Revenue, next fiscal year $6.71BFY2026 $47.18BFY2026 $18.13BFY2026
Revenue growth, next FY +24.8%FY2026 +20.9%FY2026 +0.6%FY2026
Revenue growth, the year after +18.9% +42.9% +15.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKEYSASMLEMR
Held by institutions 89.8% 19.8% 82.1%
Institutions holding 1,247 2,492 2,290
Change in shares held, QoQ +1.2% +8.0% +0.9%
Institutions buying 675 1,359 1,080
Institutions selling 380 782 798
Buyers to sellers 1.78 1.74 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

KEYSASMLEMR
KEYS 1.00 0.60 0.51
ASML 0.60 1.00 0.52
EMR 0.51 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KEYS, ASML and EMR?

Asml Holding (ASML) is the largest by market capitalisation: Keysight Technologies (KEYS) $57.35B, Asml Holding (ASML) $646.21B, Emerson Electric (EMR) $93.37B.

Which stock is cheaper, KEYS, ASML and EMR?

Emerson Electric (EMR) trades on the lowest price-to-earnings ratio (Keysight Technologies (KEYS) 45.5x, Asml Holding (ASML) 59.1x, Emerson Electric (EMR) 36.2x). On next year's consensus earnings, Emerson Electric (EMR) is cheapest (Keysight Technologies (KEYS) 31.4x, Asml Holding (ASML) 34.3x, Emerson Electric (EMR) 24.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Keysight Technologies (KEYS) grew revenue fastest over the trailing twelve months: Keysight Technologies (KEYS) +25.5%, Asml Holding (ASML) +22.9%, Emerson Electric (EMR) +4.8%.

Which company is more profitable?

Asml Holding (ASML) has the highest net margin (Keysight Technologies (KEYS) 19.1%, Asml Holding (ASML) 29.1%, Emerson Electric (EMR) 13.8%). On return on invested capital, Keysight Technologies (KEYS) leads (Keysight Technologies (KEYS) 13.4%, Emerson Electric (EMR) 10.9%).

Which stock has performed better?

Over the past year Keysight Technologies (KEYS) returned the most: Keysight Technologies (KEYS) +100.4%, Asml Holding (ASML) +54.3%, Emerson Electric (EMR) +23.6%. Over five years, Asml Holding (ASML) compounded fastest (Keysight Technologies (KEYS) +13.4%/yr, Asml Holding (ASML) +15.0%/yr, Emerson Electric (EMR) +11.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Keysight Technologies (KEYS) 0.00%, Asml Holding (ASML) 0.00%, Emerson Electric (EMR) 0.01%. Keysight Technologies (KEYS) and Asml Holding (ASML) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Emerson Electric (EMR) has been the steadiest (Keysight Technologies (KEYS) 45.2%, Asml Holding (ASML) 46.8%, Emerson Electric (EMR) 31.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, KEYS, ASML and EMR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Keysight Technologies (KEYS) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.