Itron, Inc.

DB:IT6 Stock Report

Market Cap: €5.1b

Itron Valuation

Is IT6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IT6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IT6 (€111) is trading below our estimate of fair value (€153.88)

Significantly Below Fair Value: IT6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IT6?

Key metric: As IT6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IT6. This is calculated by dividing IT6's market cap by their current earnings.
What is IT6's PE Ratio?
PE Ratio23.8x
EarningsUS$225.38m
Market CapUS$5.36b

Price to Earnings Ratio vs Peers

How does IT6's PE Ratio compare to its peers?

The above table shows the PE ratio for IT6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
JEN Jenoptik
14.3x12.3%€1.2b
S9I Stemmer Imaging
42.2x37.2%€344.5m
M7U Nynomic
12.3x17.5%€115.4m
FEV FORTEC Elektronik
11.6x14.2%€60.8m
IT6 Itron
23.8x6.5%€5.4b

Price-To-Earnings vs Peers: IT6 is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does IT6's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IT6 23.8xIndustry Avg. 17.8xNo. of Companies15PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IT6 is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is IT6's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IT6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio12.5x

Price-To-Earnings vs Fair Ratio: IT6 is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IT6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€111.00
€122.18
+10.1%
6.9%€134.44€105.63n/a13
Nov ’25€102.00
€116.84
+14.5%
6.7%€129.19€101.51n/a13
Oct ’25€95.00
€109.54
+15.3%
5.6%€119.11€98.52n/a13
Sep ’25€91.50
€110.01
+20.2%
5.0%€116.81€100.39n/a11
Aug ’25€99.00
€109.27
+10.4%
5.3%€120.47€101.94n/a11
Jul ’25€92.00
€105.24
+14.4%
4.2%€111.76€96.86n/a10
Jun ’25€99.50
€103.11
+3.6%
3.6%€106.82€96.61n/a10
May ’25€88.50
€95.70
+8.1%
7.8%€107.04€79.12n/a11
Apr ’25€84.50
€94.19
+11.5%
7.6%€105.63€78.07n/a11
Mar ’25€86.00
€92.11
+7.1%
9.9%€99.58€70.99n/a10
Feb ’25€66.50
€73.14
+10.0%
12.5%€87.30€62.49n/a10
Jan ’25€69.00
€71.62
+3.8%
12.1%€87.69€62.76n/a10
Dec ’24€61.50
€70.90
+15.3%
12.6%€87.35€62.53n/a9
Nov ’24€54.00
€74.28
+37.6%
15.3%€94.47€61.41€102.008
Oct ’24€56.50
€74.56
+32.0%
14.8%€93.93€59.18€95.008
Sep ’24€63.00
€72.05
+14.4%
15.8%€90.87€57.25€91.507
Aug ’24€71.50
€67.21
-6.0%
18.0%€90.48€57.00€99.007
Jul ’24€65.00
€64.11
-1.4%
19.6%€91.22€49.26€92.007
Jun ’24€63.00
€59.77
-5.1%
9.6%€69.86€48.99€99.508
May ’24€48.20
€54.31
+12.7%
14.0%€67.72€42.32€88.508
Apr ’24€49.48
€54.31
+9.8%
14.0%€67.72€42.32€84.508
Mar ’24€52.34
€54.94
+5.0%
13.4%€68.05€42.53€86.008
Feb ’24€52.36
€50.77
-3.0%
19.9%€68.27€36.41€66.509
Jan ’24€47.54
€53.75
+13.1%
17.8%€75.28€40.15€69.009
Dec ’23€50.58
€53.75
+6.3%
17.8%€75.28€40.15€61.509
Nov ’23€49.32
€60.38
+22.4%
16.7%€76.04€44.61€54.009

Analyst Forecast: Target price is less than 20% higher than the current share price.

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