Question 1

What is Badger Meter's P/FCF ratio?

Accepted Answer

Badger Meter (BMI) P/FCF ratio is 22.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Badger Meter?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Badger Meter specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is Badger Meter's P/FCF ratio high or low?

Accepted Answer

Badger Meter's P/FCF ratio of 22.0× is below its own 5-year average of 41.3× and above the sector median of 21.6×. 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 P/FCF ratio range?

Accepted Answer

In the available daily series, Badger Meter (BMI) P/FCF ratio has ranged from a low of 9.0× in 2002 to a high of 584.6× in 2010. The 5-year average is 41.3× and the 5-year median is 43.6×.

Question 7

What was Badger Meter's P/FCF ratio in 2025?

Accepted Answer

Badger Meter (BMI) P/FCF ratio at the end of 2025 was 30.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Badger Meter's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$169.67M	30.2×	-13.6×	Dec 31, 2025
2024	$6.23B	$142.22M	43.8×	-2.3×	Dec 31, 2024
2023	$4.52B	$98.11M	46.1×	+4.5×	Dec 31, 2023
2022	$3.19B	$76.52M	41.7×	+3.1×	Dec 31, 2022
2021	$3.11B	$80.77M	38.5×	+4.6×	Dec 31, 2021
2020	$2.73B	$80.52M	33.9×	+8.2×	Dec 31, 2020
2019	$1.89B	$73.22M	25.8×	-1.8×	Dec 31, 2019
2018	$1.43B	$51.71M	27.6×	-12.3×	Dec 31, 2018
2017	$1.38B	$34.68M	39.9×	+16.4×	Dec 31, 2017
2016	$1.07B	$45.59M	23.4×	-29.1×	Dec 31, 2016
2015	$843.59M	$16.07M	52.5×	+16.2×	Dec 31, 2015
2014	$849.94M	$23.40M	36.3×	-1.9×	Dec 31, 2014
2013	$784.32M	$20.51M	38.2×	+13.0×	Dec 31, 2013
2012	$670.68M	$26.60M	25.2×	+8.4×	Dec 31, 2012
2011	$436.35M	$25.98M	16.8×	-567.8×	Dec 31, 2011
2010	$660.59M	$1.13M	584.6×	+564.0×	Dec 31, 2010
2009	$593.01M	$28.84M	20.6×	—	Dec 31, 2009
2008	$426.28M	−$11.84M	—	—	Dec 31, 2008
2007	$647.19M	$12.30M	52.6×	-15.8×	Dec 31, 2007
2006	$389.38M	$5.69M	68.4×	+39.5×	Dec 31, 2006
2005	$268.60M	$9.27M	29.0×	—	Dec 31, 2005
2004	$200.78M	−$74.00K	—	—	Dec 31, 2004
2003	$124.96M	$7.03M	17.8×	+1.5×	Dec 31, 2003
2002	$102.81M	$6.32M	16.3×	-3.5×	Dec 31, 2002
2001	$70.66M	$3.58M	19.7×	—	Dec 31, 2001


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for Badger Meter (BMI)

P/FCF Ratio daily chart for Badger Meter (BMI)

Historical P/FCF Ratio for Badger Meter (BMI) from 2001 to 2025

About P/FCF Ratio at Badger Meter (BMI)

Badger Meter P/FCF Ratio by Year

Badger Meter P/FCF Ratio 2025: 30.2×

Badger Meter P/FCF Ratio 2024: 43.8×

Badger Meter P/FCF Ratio 2023: 46.1×

Badger Meter P/FCF Ratio 2022: 41.7×

Badger Meter P/FCF Ratio 2021: 38.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Badger Meter (BMI) Key Financials

P/FCF Ratio daily chart for Badger Meter (BMI)

Historical P/FCF Ratio for Badger Meter (BMI) from 2001 to 2025

About P/FCF Ratio at Badger Meter (BMI)

Badger Meter P/FCF Ratio by Year

Badger Meter P/FCF Ratio 2025: 30.2×

Badger Meter P/FCF Ratio 2024: 43.8×

Badger Meter P/FCF Ratio 2023: 46.1×

Badger Meter P/FCF Ratio 2022: 41.7×

Badger Meter P/FCF Ratio 2021: 38.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Badger Meter's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Badger Meter?

+Is Badger Meter's P/FCF ratio high or low?

+What is Badger Meter's historical P/FCF ratio range?

+What was Badger Meter's P/FCF ratio in 2025?

+Why does Badger Meter's P/FCF ratio change over time?

Badger Meter (BMI) Key Financials