Question 1

What is Badger Meter's P/E ratio?

Accepted Answer

Badger Meter (BMI) P/E ratio is 29.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Badger Meter specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

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

Accepted Answer

Badger Meter's P/E ratio of 29.4× is below its own 5-year average of 46.3× and above the sector median of 27.8×. 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/E ratio range?

Accepted Answer

In the available daily series, Badger Meter (BMI) P/E ratio has ranged from a low of 12.5× in 2003 to a high of 67.4× in 2023. The 5-year average is 46.3× and the 5-year median is 48.1×.

Question 7

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

Accepted Answer

Badger Meter (BMI) P/E ratio at the end of 2025 was 36.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$142M	36.2×	-13.7×	Dec 31, 2025
2024	$6.23B	$125M	49.9×	+1.0×	Dec 31, 2024
2023	$4.52B	$92.6M	48.9×	+0.9×	Dec 31, 2023
2022	$3.19B	$66.5M	47.9×	-3.2×	Dec 31, 2022
2021	$3.11B	$60.9M	51.1×	-4.3×	Dec 31, 2021
2020	$2.73B	$49.3M	55.4×	+15.4×	Dec 31, 2020
2019	$1.89B	$47.2M	40.0×	-11.4×	Dec 31, 2019
2018	$1.43B	$27.8M	51.3×	+11.3×	Dec 31, 2018
2017	$1.38B	$34.6M	40.0×	+6.9×	Dec 31, 2017
2016	$1.07B	$32.3M	33.1×	+0.6×	Dec 31, 2016
2015	$844M	$25.9M	32.5×	+3.9×	Dec 31, 2015
2014	$850M	$29.7M	28.6×	-3.2×	Dec 31, 2014
2013	$784M	$24.6M	31.9×	+7.9×	Dec 31, 2013
2012	$671M	$28M	23.9×	+1.2×	Dec 31, 2012
2011	$436M	$19.2M	22.8×	-0.3×	Dec 31, 2011
2010	$661M	$28.7M	23.0×	+5.7×	Dec 31, 2010
2009	$593M	$34.2M	17.4×	+0.4×	Dec 31, 2009
2008	$426M	$25.1M	17.0×	-22.3×	Dec 31, 2008
2007	$647M	$16.5M	39.3×	-12.3×	Dec 31, 2007
2006	$389M	$7.55M	51.6×	+31.3×	Dec 31, 2006
2005	$269M	$13.3M	20.3×	-0.6×	Dec 31, 2005
2004	$201M	$9.63M	20.8×	+4.4×	Dec 31, 2004
2003	$125M	$7.58M	16.5×	+2.4×	Dec 31, 2003
2002	$103M	$7.27M	14.1×	—	Dec 31, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for Badger Meter (BMI) 2002-2026

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

Historical P/E Ratio for Badger Meter (BMI) from 2002 to 2025

About P/E Ratio at Badger Meter (BMI)

Badger Meter P/E Ratio by Year

Badger Meter P/E Ratio 2025: 36.2×

Badger Meter P/E Ratio 2024: 49.9×

Badger Meter P/E Ratio 2023: 48.9×

Badger Meter P/E Ratio 2022: 47.9×

Badger Meter P/E Ratio 2021: 51.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Badger Meter (BMI) Key Financials