Stock fact sheet · data as of
Itron, Inc. (ITRI): fair value, margin of safety and Wheel Score
Technology · Hardware, Equipment & Parts · United States · Value
Is ITRI undervalued?
At 84.77 (close of 16 Oct 2026), ITRI trades 51% below the GLS average fair value of 173.07. That average comes from 8 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Itron, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 8 models disagree widely: DCF gives 65.06 while GLS Growth gives 377.66. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files ITRI under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for ITRI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 65.06 | -23% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 71.07 | -16% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 191.42 | +126% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 71.67 | -15% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 377.66 | +346% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 197.32 | +133% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 341.79 | +303% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 68.54 | -19% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.66 | -104% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 134.80 | +59% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health ITRI scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 6.4 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 10.0%, ROE 17.5%, ROA 8.1% - with debt at 0.75 times equity and a free-cash-flow yield of 10.3%.
Itron, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Product 81%, Service 19% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 10.0% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 17.5% |
| Debt / equity | 0.75 | ROA | 8.1% |
| Free-cash-flow yield | 10.3% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 87: Prime
ITRI scores 87 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (18/20), the GLS moat (10/15), the option premium on offer (20/20) and how easily the stock trades (15/20).
Implied volatility is 57% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 15,893 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 619k shares a day on a market cap of $3.7B, with a beta of 1.32 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 51% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 10 / 15 | moat 6.4/10 | |
| Premium | 20 / 20 | implied volatility 57% | |
| Stability | 15 / 20 | 619k shares/day, $3.7B cap, beta 1.32 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Itron, Inc. reports earnings on 27 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Hardware, Equipment & Parts
The 12 companies below are the closest to Itron, Inc. by market cap within the Hardware, Equipment & Parts industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OLED Universal Display Corporation | 78.41 | 76.87 | -2% | 69Good | $3.6B |
| VNT Vontier Corporation | 32.42 | 42.53 | +24% | 88Prime | $4.4B |
| OSIS OSI Systems, Inc. | 196.21 | 242.77 | +19% | 78Good | $3.1B |
| KN Knowles Corporation | 34.57 | 16.32 | -112% | 57Fair | $3.0B |
| NOVT Novanta Inc. | 134.80 | 40.10 | -236% | 57Fair | $5.1B |
| BELFB Bel Fuse Inc. | 219.07 | 108.01 | -103% | 57Fair | $2.7B |
| BHE Benchmark Electronics, Inc. | 73.22 | 35.76 | -105% | 56Fair | $2.6B |
| BELFA Bel Fuse Inc. | 176.77 | 96.95 | -82% | 39No options | $2.6B |
| ROG Rogers Corporation | 139.72 | 64.76 | -116% | 53Fair | $2.5B |
| ST Sensata Technologies Holding plc | 41.17 | 21.46 | -92% | 61Fair | $6.0B |
| ESE ESCO Technologies Inc. | 252.67 | 251.84 | -0% | 70Good | $6.5B |
| PLXS Plexus Corp. | 245.72 | 146.78 | -67% | 57Fair | $6.5B |
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Start free See the Sunday ScanQuestions about ITRI
Is ITRI undervalued right now?
By the GLS models, yes: at 84.77 the stock is 51% below the average fair value of 173.07 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ITRI and what does it mean?
ITRI scores 87 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ITRI?
173.07 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Itron, Inc. report earnings next?
The next earnings report is due on 27 Oct 2026 (before the open), 11 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ITRI have listed options, and how liquid are they?
Yes. The nightly snapshot found 212 listed contracts with 15,893 open interest across all expiries and implied volatility of 57% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.