What is Itron's price / book?

Itron (ITRI) reported price / book of 2.5× in Q1 2026.

How has Itron's price / book changed year-over-year?

Itron's price / book decreased by 22.9% year-over-year, from 3.2× to 2.5×.

What is the long-term trend for Itron's price / book?

Over 5 years (2020 to 2025), Itron's price / book has grown at a -14.5% compound annual growth rate (CAGR), from 5.3× to 2.4×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Itron ITRI Price / book

Price / book at other companies

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6.4×-2.3×

Honeywell InternationalHON

10.6×+2.7×

Advanced Energy IndustriesAEIS

8.9×+5.9×

Mueller Water ProductsMWA

4.1×-0.1×

XylemXYL

2.6×-0.1×

FortiveFTV

2.8×+0.4×

Other financials

Income statement

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Revenue$587.0M-3.3%

Gross profit$236.3M+8.8%

Operating income$67.6M-11.3%

Net income$53.5M-18.4%

EPS (diluted)$1.18-16.9%

Balance sheet

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Cash & equivalents$712.9M-36.5%

Total debt$1.6B+26.5%

Total equity$1.6B+8.0%

Total assets$4.0B+13.6%

Cash flow

See full

Operating cash flow$85.5M+18.6%

CapEx$6.5M+40.7%

Free cash flow$79.0M+17.0%

Valuation

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Market cap$3.58B-16.8%

Enterprise value$4.47B-1.1%

P/E12.4×-4.6×

P/S1.5×-0.2×

Profitability

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Gross margin38.8%+4.0pp

Operating margin13%+1.6pp

Net margin12.3%+2.0pp

FCF margin16.8%+7.0pp

Returns & leverage

See full

Return on equity18.7%+0.9pp

Debt / equity1×+0.1×

Current ratio2.7×+0.7×

Where this comes from

Calculated from Itron’s reported figures.

market cap/total stockholders equity=2.5×

Based on the most recent quarter.

The official record: Itron’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Itron's price / book?: Itron (ITRI) reported price / book of 2.5× in Q1 2026.
How has Itron's price / book changed year-over-year?: Itron's price / book decreased by 22.9% year-over-year, from 3.2× to 2.5×.
What is the long-term trend for Itron's price / book?: Over 5 years (2020 to 2025), Itron's price / book has grown at a -14.5% compound annual growth rate (CAGR), from 5.3× to 2.4×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.