KEYSNEUTRAL

KEYS EV/EBITDA Analysis

30.5x

Updated 9h ago·SEC filings & market data

Key Takeaway

EV/EBITDA measures a company’s total value relative to its operating earnings, so a 38.7x multiple means investors pay $38.70 for each dollar of EBITDA.

Sector Performance

89th percentile

KEYS

30.5x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

41.0x(Aug 2026)

↑ Improving

📊

Deep Analysis

EV/EBITDA measures a company’s total value relative to its operating earnings, so a 38.7x multiple means investors pay $38.70 for each dollar of EBITDA.

This is far above the sector median of 13.6x, putting KEYS in the 91st percentile among its peers. The metric has been stable over the last eight quarters, with a quarter-over-quarter change of -1.7% and no year-over-year comparison available. A high but stable multiple suggests the market continues to price in strong performance, leaving less room for error if earnings disappoint. The combination of elevated valuation and stable trend points to persistent risk rather than a fresh opportunity, which aligns with a neutral stance. This metric supports the overall NEUTRAL verdict because the premium is not expanding, but it also offers no valuation cushion.

Frequently Asked Questions

What does the EV/EBITDA tell investors about KEYS?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are KEYS's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

📚

Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.