Itron, Inc.

ITRI Technology Scientific & Technical Instruments

Itron, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, down 3.02% from fiscal 2024.

Revenue
+3.04%
EPS
+13.8%
Free cash flow
−15.8%
Total debt
+26.5%

Quarter to September 2026, against a year earlier

101.54 3.32 +3.38%
Market cap
$4.3B
P/E
15.6×
Fwd P/E
17.4×
Dividend yield
—
F-score
6/9
Altman Z
2.50
Beneish M
−2.55
Dividend safety
n/a

Itron, Inc. (ITRI) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Itron, Inc. (ITRI) trades at a P/B ratio of 2.5×. Over the past ten years it has ranged from 1.7× (June 2022) to 5.8× (March 2021); the current reading is higher than 31% of that period. That is below the Scientific & Technical Instruments industry median of 3.3× and below the Technology sector median of 2.6×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.4× (30.37%)
FY2024 3.5× 36.19%
FY2023 2.6× 30.86%
FY2022 2.0× (26.27%)
FY2021 2.7× (42.18%)
FY2020 4.6× 10.79%
FY2019 4.1× 64.02%
FY2018 2.5× (23.97%)
FY2017 3.3× (10.02%)
FY2016 3.7× 66.39%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.2× (5.54%)
Jun 2026 2.3× (5.37%)
Mar 2026 2.5× 1.28%
Dec 2025 2.4× (26.92%)
43 more quarters

Against its own ten years

Low 1.7× High 5.8×
Ten-year median 3.0×
Current reading's percentile 24

P/B ratio against peers

Company P/B ratio
ST Sensata Technologies Holding N.V. compare 2.0×
ITRI Itron, Inc. 2.5×
TRMB Trimble Inc. compare 3.0×
NOVT Novanta Inc. compare 3.7×
ESE ESCO Technologies Inc. compare 4.0×
VNT Vontier Corporation compare 4.3×
MKSI MKS Inc. compare 4.6×
CGNX Cognex Corporation compare 6.0×
BMI Badger Meter, Inc. compare 6.7×
Scientific & Technical Instruments industry median 3.3×
Technology sector median 2.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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