Itron, Inc.

NasdaqGS:ITRI Stock Report

Market Cap: US$5.0b

Itron Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 ITRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ITRI ($108.26) is trading below our estimate of fair value ($151.83)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ITRI. This is calculated by dividing ITRI's market cap by their current earnings.
What is ITRI's PE Ratio?
PE Ratio21.7x
EarningsUS$225.38m
Market CapUS$5.03b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ITRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.6x
NOVT Novanta
93.4x32.5%US$6.0b
AEIS Advanced Energy Industries
96.9x71.7%US$4.5b
VNT Vontier
13.7x9.6%US$5.7b
CXT Crane NXT
18.5x23.3%US$3.4b
ITRI Itron
21.7x6.5%US$5.0b

Price-To-Earnings vs Peers: ITRI is good value based on its Price-To-Earnings Ratio (21.7x) compared to the peer average (55.6x).

Price to Earnings Ratio vs Industry

How does ITRI's PE Ratio compare vs other companies in the US Electronic Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3.6xn/aUS$133.22m
DSWL Deswell Industries
3.7xn/aUS$37.93m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SMX SMX (Security Matters)
0.6xn/aUS$887.31k
ITRI 21.7xIndustry Avg. 24.9xNo. of Companies10PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ITRI is good value based on its Price-To-Earnings Ratio (21.7x) compared to the US Electronic industry average (26x).

Price to Earnings Ratio vs Fair Ratio

What is ITRI'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.

ITRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.7x
Fair PE Ratio20.5x

Price-To-Earnings vs Fair Ratio: ITRI is expensive based on its Price-To-Earnings Ratio (21.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.5x).

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 ITRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$108.26
US$127.62
+17.9%
6.9%US$140.00US$110.00n/a13
Dec ’25US$118.53
US$127.23
+7.3%
6.9%US$140.00US$110.00n/a13
Nov ’25US$111.81
US$126.62
+13.2%
6.7%US$140.00US$110.00n/a13
Oct ’25US$105.08
US$122.31
+16.4%
5.6%US$133.00US$110.00n/a13
Sep ’25US$102.22
US$120.55
+17.9%
5.0%US$128.00US$110.00n/a11
Aug ’25US$108.09
US$117.91
+9.1%
5.3%US$130.00US$110.00n/a11
Jul ’25US$98.18
US$113.00
+15.1%
4.2%US$120.00US$104.00n/a10
Jun ’25US$107.55
US$111.00
+3.2%
3.6%US$115.00US$104.00n/a10
May ’25US$91.54
US$102.82
+12.3%
7.8%US$115.00US$85.00n/a11
Apr ’25US$89.50
US$102.55
+14.6%
7.6%US$115.00US$85.00n/a11
Mar ’25US$93.18
US$99.90
+7.2%
9.9%US$108.00US$77.00n/a10
Feb ’25US$73.23
US$79.60
+8.7%
12.5%US$95.00US$68.00n/a10
Jan ’25US$75.51
US$77.60
+2.8%
12.1%US$95.00US$68.00n/a10
Dec ’24US$69.04
US$77.11
+11.7%
12.6%US$95.00US$68.00US$118.539
Nov ’24US$56.85
US$78.63
+38.3%
15.3%US$100.00US$65.00US$111.818
Oct ’24US$60.58
US$79.38
+31.0%
14.8%US$100.00US$63.00US$105.088
Sep ’24US$68.49
US$79.29
+15.8%
15.8%US$100.00US$63.00US$102.227
Aug ’24US$78.51
US$74.29
-5.4%
18.0%US$100.00US$63.00US$108.097
Jul ’24US$72.10
US$70.29
-2.5%
19.6%US$100.00US$54.00US$98.187
Jun ’24US$66.97
US$65.88
-1.6%
9.6%US$77.00US$54.00US$107.558
May ’24US$53.34
US$57.75
+8.3%
14.0%US$72.00US$45.00US$91.548
Apr ’24US$55.45
US$57.75
+4.1%
14.0%US$72.00US$45.00US$89.508
Mar ’24US$55.59
US$58.13
+4.6%
13.4%US$72.00US$45.00US$93.188
Feb ’24US$58.76
US$55.78
-5.1%
19.9%US$75.00US$40.00US$73.239
Jan ’24US$50.65
US$53.56
+5.7%
17.8%US$75.00US$40.00US$75.519
Dec ’23US$54.27
US$53.56
-1.3%
17.8%US$75.00US$40.00US$69.049

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 06:51
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Itron, Inc. is covered by 53 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Akil MarshAtlantic Equities LLP
Benjamin KalloBaird