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ItronFRA:IT6 +0.27%71 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates FRA:IT6 with a GF Score™ of 71/100 and a GF Value™ of €88.74 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,387 Hardware companies, Itron ranks better than 97.03% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Itron's annualized net income for the quarter that ended in Mar. 2026 was €185 Mil. Itron's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-35 Mil. Therefore, Itron's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Itron's Return-on-Tangible-Equity or its related term are showing as below:
FRA:IT6'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 44.85 Med: 70 Max: 105.02
Current: 105.02
During the past 13 years, Itron's highest Return-on-Tangible-Equity was 105.02%. The lowest was 44.85%. And the median was 70.00%.
FRA:IT6's Return-on-Tangible-Equity is ranked better than 97.03% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs FRA:IT6: 105.02
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Itron Return-on-Tangible-Equity Related Terms
Itron Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Itron's Return-on-Tangible-Equity 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.
FRA:IT6 vs BMI, VNT, NOVT: Return-on-Tangible-Equity Comparison
For the Scientific & Technical Instruments subindustry, Itron's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Itron's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Itron's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Itron (FRA:IT6) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Itron and its competitors. Over the past decade, Itron's Return-on-Tangible-Equity has ranged from 44.85 to 105.02. According to the industry distribution chart, Itron ranks #71 out of 2387 companies in the Hardware industry, placing it in the top 3%.
Is Itron's Return-on-Tangible-Equity too high?
Itron's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 44.85 to a high of 105.02. Based on the distribution chart, Itron ranks #71 out of 2387 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. 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 Return-on-Tangible-Equity compare to BMI and VNT?
According to the Hardware industry distribution chart, Itron ranks #71 out of 2387 companies for Return-on-Tangible-Equity. This places Itron in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.28. Historically, Itron's own Return-on-Tangible-Equity has ranged from 44.85 to 105.02 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Itron and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itron's current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 €88.74, compared to a current price of €73.82 — trading 16.8% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Itron (FRA:IT6), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 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 €73.82 is trading 16.8% below its estimated GF Value™ of €88.74.
GuruFocus considers Itron to be Modestly Undervalued.
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
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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