Question 1

What is Badger Meter's EV/EBITDA ratio?

Accepted Answer

Badger Meter (BMI) EV/EBITDA ratio is 17.6× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Badger Meter?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Badger Meter specifically, the relevant sector benchmark is the current sector median of 19.5×.

Question 5

Is Badger Meter's EV/EBITDA ratio high or low?

Accepted Answer

Badger Meter's EV/EBITDA ratio of 17.6× is below its own 5-year average of 27.9× and below the sector median of 19.5×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Badger Meter's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Badger Meter (BMI) EV/EBITDA ratio has ranged from a low of 6.4× in 2003 to a high of 39.2× in 2023. The 5-year average is 27.9× and the 5-year median is 28.3×.

Question 7

What was Badger Meter's EV/EBITDA ratio in 2025?

Accepted Answer

Badger Meter (BMI) EV/EBITDA ratio at the end of 2025 was 22.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Badger Meter's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$5.12B	$221.88M	22.1×	-10.5×	Dec 31, 2025
2024	$6.23B	$182.02M	32.6×	+2.9×	Dec 31, 2024
2023	$4.52B	$146.03M	29.7×	+2.8×	Dec 31, 2023
2022	$3.19B	$113.41M	26.9×	-1.5×	Dec 31, 2022
2021	$3.11B	$106.47M	28.4×	-1.1×	Dec 31, 2021
2020	$2.73B	$90.23M	29.5×	+8.1×	Dec 31, 2020
2019	$1.89B	$86.01M	21.4×	-1.9×	Dec 31, 2019
2018	$1.43B	$61.32M	23.3×	+5.6×	Dec 31, 2018
2017	$1.38B	$80.02M	17.7×	+2.7×	Dec 31, 2017
2016	$1.07B	$73.21M	15.0×	+0.6×	Dec 31, 2016
2015	$843.59M	$62.97M	14.4×	-0.5×	Dec 31, 2015
2014	$849.94M	$61.71M	14.9×	-1.2×	Dec 31, 2014
2013	$784.32M	$52.60M	16.1×	+0.7×	Dec 31, 2013
2012	$670.68M	$47.42M	15.4×	+2.9×	Dec 31, 2012
2011	$436.35M	$34.75M	12.5×	-0.7×	Dec 31, 2011
2010	$660.59M	$51.06M	13.1×	+1.4×	Dec 31, 2010
2009	$593.01M	$49.89M	11.8×	+2.5×	Dec 31, 2009
2008	$426.28M	$47.95M	9.3×	-8.4×	Dec 31, 2008
2007	$647.19M	$37.08M	17.7×	+6.5×	Dec 31, 2007
2006	$389.38M	$36.77M	11.1×	+1.5×	Dec 31, 2006
2005	$268.60M	$30.49M	9.6×	+1.0×	Dec 31, 2005
2004	$200.78M	$27.46M	8.6×	+1.4×	Dec 31, 2004
2003	$124.96M	$21.93M	7.1×	+0.6×	Dec 31, 2003
2002	$102.81M	$21.18M	6.5×	-0.9×	Dec 31, 2002
2001	$70.66M	$12.87M	7.5×	—	Dec 31, 2001


Zebra Technologies (ZBRA)	12.6×
Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
NetApp (NTAP)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Corpay (CPAY)	8.5×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Cognizant (CTSH)	7.2×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×

EV/EBITDA for Badger Meter (BMI)

EV/EBITDA daily chart for Badger Meter (BMI)

Historical EV/EBITDA for Badger Meter (BMI) from 2001 to 2025

About EV/EBITDA at Badger Meter (BMI)

Badger Meter EV/EBITDA by Year

Badger Meter EV/EBITDA 2025: 22.1×

Badger Meter EV/EBITDA 2024: 32.6×

Badger Meter EV/EBITDA 2023: 29.7×

Badger Meter EV/EBITDA 2022: 26.9×

Badger Meter EV/EBITDA 2021: 28.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Badger Meter (BMI) Key Financials

EV/EBITDA daily chart for Badger Meter (BMI)

Historical EV/EBITDA for Badger Meter (BMI) from 2001 to 2025

About EV/EBITDA at Badger Meter (BMI)

Badger Meter EV/EBITDA by Year

Badger Meter EV/EBITDA 2025: 22.1×

Badger Meter EV/EBITDA 2024: 32.6×

Badger Meter EV/EBITDA 2023: 29.7×

Badger Meter EV/EBITDA 2022: 26.9×

Badger Meter EV/EBITDA 2021: 28.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Badger Meter's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Badger Meter?

+Is Badger Meter's EV/EBITDA ratio high or low?

+What is Badger Meter's historical EV/EBITDA ratio range?

+What was Badger Meter's EV/EBITDA ratio in 2025?

+Why does Badger Meter's EV/EBITDA ratio change over time?

Badger Meter (BMI) Key Financials