Question 1

What is Badger Meter's P/B ratio?

Accepted Answer

Badger Meter (BMI) P/B ratio is 5.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

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

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Badger Meter specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

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

Accepted Answer

Badger Meter's P/B ratio of 5.4× is below its own 5-year average of 8.2× and below the sector median of 6.0×. 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/B ratio range?

Accepted Answer

In the available daily series, Badger Meter (BMI) P/B ratio has ranged from a low of 1.6× in 2003 to a high of 12.0× in 2024. The 5-year average is 8.2× and the 5-year median is 7.7×.

Question 7

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

Accepted Answer

Badger Meter (BMI) P/B ratio at the end of 2025 was 7.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$713.29M	7.2×	-3.1×	Dec 31, 2025
2024	$6.23B	$606.23M	10.3×	+1.5×	Dec 31, 2024
2023	$4.52B	$516.48M	8.8×	+1.6×	Dec 31, 2023
2022	$3.19B	$442.42M	7.2×	-0.5×	Dec 31, 2022
2021	$3.11B	$403.07M	7.7×	+0.2×	Dec 31, 2021
2020	$2.73B	$361.26M	7.6×	+1.9×	Dec 31, 2020
2019	$1.89B	$331.07M	5.7×	+1.0×	Dec 31, 2019
2018	$1.43B	$303.50M	4.7×	-0.3×	Dec 31, 2018
2017	$1.38B	$277.45M	5.0×	+0.8×	Dec 31, 2017
2016	$1.07B	$256.21M	4.2×	+0.5×	Dec 31, 2016
2015	$843.59M	$232.28M	3.6×	-0.3×	Dec 31, 2015
2014	$849.94M	$214.33M	4.0×	-0.0×	Dec 31, 2014
2013	$784.32M	$196.56M	4.0×	+0.1×	Dec 31, 2013
2012	$670.68M	$171.25M	3.9×	+1.5×	Dec 31, 2012
2011	$436.35M	$179.28M	2.4×	-1.5×	Dec 31, 2011
2010	$660.59M	$168.38M	3.9×	-0.2×	Dec 31, 2010
2009	$593.01M	$144.46M	4.1×	+0.3×	Dec 31, 2009
2008	$426.28M	$111.02M	3.8×	-3.2×	Dec 31, 2008
2007	$647.19M	$91.97M	7.0×	+1.6×	Dec 31, 2007
2006	$389.38M	$71.82M	5.4×	+1.8×	Dec 31, 2006
2005	$268.60M	$73.42M	3.7×	+0.5×	Dec 31, 2005
2004	$200.78M	$64.07M	3.1×	+0.9×	Dec 31, 2004
2003	$124.96M	$55.17M	2.3×	+0.1×	Dec 31, 2003
2002	$102.81M	$48.09M	2.1×	+0.5×	Dec 31, 2002
2001	$70.66M	$43.00M	1.6×	—	Dec 31, 2001


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Block (SQ)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Strategy (MSTR)	0.9×

P/B Ratio for Badger Meter (BMI)

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

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

About P/B Ratio at Badger Meter (BMI)

Badger Meter P/B Ratio by Year

Badger Meter P/B Ratio 2025: 7.2×

Badger Meter P/B Ratio 2024: 10.3×

Badger Meter P/B Ratio 2023: 8.8×

Badger Meter P/B Ratio 2022: 7.2×

Badger Meter P/B Ratio 2021: 7.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Badger Meter (BMI) Key Financials

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

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

About P/B Ratio at Badger Meter (BMI)

Badger Meter P/B Ratio by Year

Badger Meter P/B Ratio 2025: 7.2×

Badger Meter P/B Ratio 2024: 10.3×

Badger Meter P/B Ratio 2023: 8.8×

Badger Meter P/B Ratio 2022: 7.2×

Badger Meter P/B Ratio 2021: 7.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

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

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

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

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

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

Badger Meter (BMI) Key Financials