# Itron Inc. (ITRI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $97.01, market value $4.2 billion.

## Valuation
- **P/E (trailing): 16.2×** (5-yr avg 23.7×, 3-yr avg 23.7×). Itron Inc. trades at 16.2× trailing earnings, well below its own five-year average of 23.7×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.55**. A PEG of 0.55 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 9.1%** (5-yr avg 4.0%). Free cash flow equals 9.1% of the market value, above its five-year average of 4.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.2%**. The inverse of the P/E: 6.2% of the price is earned each year.

## Profitability
- **Gross margin: 39.9%**. Itron Inc. keeps 39.9% of revenue after the direct cost of what it sells.
- **Operating margin: 13.2%**. 13.2% of revenue is left after running the business.
- **Net margin: 12.7%**. 12.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.5%**. 17.5% on shareholders' equity is solid.
- **Return on invested capital: 12.4%**. Return on all capital, debt included, is 12.4%.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit.

## Growth
- **Revenue growth (1 yr): -3.0%** (3-yr 9.7%/yr, 5-yr 1.7%/yr). Revenue fell 3.0% over the last year, against 1.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 25.5%**. Earnings per share rose 25.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 331.9%/yr**. Free cash flow has compounded at 331.9% a year over three years.

## Financial health
- **Debt to equity: 0.73**. Debt is 0.73 times equity, moderate leverage.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.85**. A Z-score of 2.85 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Itron Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -19.9%** (YTD 4.5%, 3-mo 21.2%). The shares are down 19.9% over twelve months including dividends.
- **From 52-week high: -31.7%** (24.7% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 1.49** (volatility 48%). Beta of 1.49 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ITRI · Page: https://foliofundamentals.com/stocks/itri

Not investment advice.