Is Itron, Inc. overvalued or undervalued?

As of 13 February 2025, Itron, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 21, an EV to EBITDA of 16.73, and a PEG ratio of 0.40, indicating a reasonable growth expectation relative to its price.
In comparison to its peers, Itron's P/E ratio of 22.14 is lower than Nova Ltd.'s very attractive P/E of 31.67, but higher than ESCO Technologies, Inc.'s fair P/E of 47.00. The company's ROCE stands at 17.41%, which is competitive within the industry, but the overall valuation suggests that it is not significantly undervalued or overvalued at this time. Notably, Itron has outperformed the S&P 500 with a 1-year return of 31.97% compared to the index's 10.26%, reinforcing its current valuation stance.