Is Itron, Inc. overvalued or undervalued?

As of 31 July 2025, the valuation grade for Itron, Inc. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 21, a PEG ratio of 0.40, and an EV to EBITDA ratio of 16.73. In comparison to peers, Nova Ltd. has a significantly higher P/E ratio of 34.30, while Onto Innovation, Inc. has a P/E of 20.49, suggesting that Itron is priced more favorably relative to its industry counterparts.
In terms of recent performance, Itron's stock has returned 17.64% over the past year, slightly outperforming the S&P 500's return of 17.14%. This performance, combined with its attractive valuation metrics, reinforces the conclusion that Itron, Inc. is currently undervalued in the market.