Valuation dashboard for Badger Meter, Inc. (BMI) with P/E 33.27, P/B 6.38, EV/EBITDA 21.65 and dividend yield 1.13%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.
Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies.
Analysis Summary
Badger Meter, Inc. reported revenue of $916.7M in the most recent fiscal year, growing at a 5-year CAGR of 16.6%. Net income reached $141.6M, with a 23.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 41.6%, operating margin 18.8%, net margin 14.4%.
At $144.05 (closing price, October 28, 2026), BMI trades at a P/E of 33.27 and an ROE of 18.49%. Market capitalisation stands at $4.2B.
Balance sheet quality for BMI: current ratio of 3.4. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 33.27 |
| Price / Book | 6.38 |
| EV / EBITDA | 21.65 |
| Dividend Yield | 1.13% |
Valuation Models
| DCF Fair Value | $233.20 |
| vs Current Price | +61.9% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| BMI | Badger Meter, Inc. | $4.2B | 33.27 | 6.38 | 18.5% |
| LFUS | Littelfuse, Inc. | $9.8B | 3.61 | 1.5% | |
| VICR | Vicor Corporation | $10.0B | 56.71 | 11.03 | 22.5% |
| CAMT | Camtek Ltd. | $6.0B | 211.11 | 9.35 | 5.8% |
| OSIS | OSI Systems, Inc. | $3.2B | 22.42 | 4.17 | 17.6% |
| NOVT | Novanta Inc. | $5.7B | 96.58 | 4.05 | 4.9% |
| ITRI | Itron, Inc. | $4.1B | 15.46 | 2.39 | 16.9% |
| ESE | ESCO Technologies Inc. | $6.2B | 19.77 | 3.91 | 20.0% |
Price
| Price | $144.05 (closing price, October 28, 2026) |
| Market Cap | $4.2B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 18.49% |
| Return on Invested Capital | 15.60% |
| Return on Assets | 13.41% |
| Gross Margin | 41.64% |
| Operating Margin | 18.76% |
| Net Margin | 14.36% |
Related companies: LFUS · VICR · CAMT · OSIS · NOVT · ITRI · ESE · INGM
Explore sector: Industrials · Industrial - Machinery
More sections of BMI: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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