Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ItronFRA:IT6 +1.42%71 Forward PE Ratio is 14.10 as of Jul. 27, 2026. GuruFocus rates FRA:IT6 with a GF Score™ of 71/100 and a GF Value™ of €86.91 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,018 Hardware companies, Itron ranks better than 71.71% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Itron Forward PE Ratio Related Terms
Itron Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Itron's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Itron Forward PE Ratio Chart
Itron Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
17.36
21.79
20.45
13.37
22.37
43.86
28.82
35.71
23.47
22.34
15.58
Itron Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
17.36
17.61
19.88
20.41
21.79
20.45
22.42
20.96
20.45
22.83
19.27
15.20
13.37
18.28
25.38
21.32
22.37
17.12
44.84
24.15
43.86
37.88
40.82
37.74
28.82
29.76
34.01
18.73
35.71
105.26
65.36
21.32
23.47
24.88
26.95
21.46
22.34
18.83
23.47
19.21
15.58
14.93
FRA:IT6 vs BMI, VNT, NOVT: Forward PE Ratio Comparison
For the Scientific & Technical Instruments subindustry, Itron's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Itron Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Itron's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Itron's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Itron (FRA:IT6) has a Forward PE Ratio of 14.10 as of Jul. 27, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Itron and its competitors. According to the industry distribution chart, Itron ranks #288 out of 1018 companies in the Hardware industry, placing it in the top 28.3%.
Is Itron's Forward PE Ratio too high?
Itron's current Forward PE Ratio is 14.10. The Hardware industry median Forward PE Ratio is 21.14. Itron's value of 14.10 is 33.3% below this industry median. Based on the distribution chart, Itron ranks #288 out of 1018 companies in the Hardware industry, which is above the industry midpoint. Overall, Itron has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Itron's Forward PE Ratio compare to BMI and VNT?
According to the Hardware industry distribution chart, Itron ranks #288 out of 1018 companies for Forward PE Ratio. This puts Itron in the upper half of its industry. The industry median Forward PE Ratio is 21.14. Itron's value of 14.10 is 33.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Hardware company?
The median Forward PE Ratio among Hardware companies is 21.14, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Itron's current Forward PE Ratio of 14.10 is 33.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Itron and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itron's current Forward PE Ratio is 14.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itron stock overvalued right now?
Based on GuruFocus' analysis, Itron (FRA:IT6) is currently considered Modestly Undervalued. The stock's GF Value™ is €86.91, compared to a current price of €72.88 — trading 16.1% below its estimated fair value. The current Forward PE Ratio is 14.10 and 33.3% below the Hardware industry median of 21.14. Itron's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Itron (FRA:IT6), the current Forward PE Ratio is 14.10 as of Jul. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Itron (FRA:IT6) Overvalued in 2026?
Based on GuruFocus' analysis, Itron stock appears to be undervalued.
The current stock price of €72.88 is trading 16.1% below its estimated GF Value™ of €86.91.
GuruFocus considers Itron to be Modestly Undervalued.
Key valuation signals for FRA:IT6:
Forward PE Ratio: 14.10
GF Value™: €86.91 vs. price of €72.88 (16.1% below fair value)
Industry Position: 33.3% below the Hardware median (#288 of 1018)
No single metric tells the full story. See the FRA:IT6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itron Inc provides solutions that measure, manage, and analyze energy and water use. The company offers grid edge intelligence, energy and water management, smart city applications, Industrial Internet of Things (IIoT), and critical infrastructure and related services. It operates under the Itron brand and has four reportable segments: Device Solutions, Networked Solutions, Resiliency Solutions, and Outcomes. Key revenue is generated from the Networked Solutions segment, which includes a combination of communicating endpoints (e.g., smart meters, modules, endpoints, and sensors), network infrastructure, network design services, and associated headend management and application software designed and sold as a complete solution for acquiring and transporting robust application-specific data.
71GF Score
Get the complete analysis for FRA:IT6
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:IT6 has been successfully added to your 
