BMI

Badger Meter, Inc.

Fundamental data last updated:June 12, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Technology

industry

Hardware, Equipment & Parts

Exchange

NYSE

County of HQ

US

Next Earnings Date

07/28/2026

Business Summary

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was incorporated in 1905 and is headquartered in Milwaukee, Wisconsin.

 


VALUATION

P/E

27.91

Market Cap ($M USD)

$3.64B

Forward P/E

16.93

PEG

0.26

PRICE TO SALES

4.06

PRICE TO BOOK

5.28

EV / EBITDA

17.23

5-Year Average P/E

Free Cash Flow Yield

4.64%

DCF Value

$266.15

Graham Number

$48.75

Price to FCF

21.53

EV to FCF

20.32

Earnings Yield

3.58%

FCF Yield

4.64%

DIVIDEND

Yield

1.28%

Annual Payout

$1.60

Payout Ratio

34.63%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$4.47

Next Year EPS Growth Estimate

$7.37

Next Year Revenue Growth Estimate

$130.00B

Return on Equity (ROE)

18.76%

FREE CASH FLOW

Operating Margin

18.86%

Debt-to-Equity

0.00

Piotroski F-Score

6

Altman Z-Score

10.74

Return on Invested Capital (ROIC)

21.11%

Current Ratio

3.00

Quick Ratio

1.97

Net Debt to EBITDA

-1.03

Interest Coverage

0.00

Gross Profit margin

41.37%

FCF PER SHARE

$5.79

REVENUE PER SHARE

$30.69

Gainseekers Quantitative Analysis

Summary

The market seems to be overlooking Badger Meter, Inc.’s intrinsic value, as recent pricing indicated it traded significantly below its DCF value of $276.84. With a Forward P/E of 18.52 and an impressive Altman Z-score of 10.29, the company appears financially robust and poised for growth. The Earnings Yield of 3.77% may not scream value, but the PEG ratio of 0.43 suggests the stock is undervalued relative to its growth prospects. This is a classic case of the market mispricing a fundamentally strong company, offering a potential opportunity for savvy investors.

AI Exposure / Tech Reliance

Operating in the Technology sector, specifically within Hardware, Equipment & Parts, Badger Meter is well-positioned to leverage AI and modern tech advancements. Its industry focus allows it to integrate cutting-edge technologies into its products, enhancing efficiency and customer satisfaction. This adaptability is crucial for maintaining a competitive edge in a rapidly evolving market.

The Bull Case

For value or GARP investors, Badger Meter presents a compelling opportunity. With a robust ROIC of 21.11% and a solid FCF Yield of 4.89%, the company demonstrates exceptional capital efficiency and cash generation. The Piotroski F-Score of 6 indicates sound financial health, while an Operating Margin of 18.86% underscores its pricing power. These metrics paint a picture of a company that not only generates strong returns but also effectively reinvests in growth.

The Bear Case

Despite its strengths, Badger Meter faces challenges with high valuation multiples, such as a Price/Book of 5.01 and a Price/Sales of 3.86, which may deter value investors. Additionally, the stock's proximity to its 52-week high suggests it could be technically overextended. The modest Earnings Yield of 3.77% further highlights potential overvaluation concerns. Investors should be cautious of these structural risks when considering an entry point.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$167.29

Institutional Ownership %

1-Year Beta

0.68

Insider Buying % (6 Mo)

Distance to 52-Week High

105.29%

Distance to 52-Week Low

10.14%

EARNINGS SURPRISE %

-22.50%

50-DAY SMA

$134.00

200-DAY SMA

$163.34

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.