Badger Meter makes water flow meters, ultrasonic metering electronics and the cloud-based software that reads them, selling mainly to municipal water utilities across North America and Europe. Its structural case rests on a sticky installed base: once a utility standardises on Badger's meters and its communications network, replacement cycles run on a multi-decade horizon and switching costs are high. The near-term catalyst is the utility replacement cycle and smart-metering adoption, which should support volumes as aging infrastructure is upgraded, though revenue is currently falling 6.6%, so the thesis depends on that demand turning. The stock trades at 29.6 times trailing earnings and 26.2 times forward, against an operating margin of 17.7% and a return on equity of 18.5%, a combination that is expensive for a business whose top line is shrinking. The score of 40/100 and absence from any major index mean the case needs checking on order intake and margin recovery before it earns a deeper look.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 10:03 CEST | Fair value | $91.14 | $124 | $150 |
| 23 Oct 2026, 10:03 CEST | Rating | Overvalued | first publication | $150 |
| 17 Oct 2026, 00:00 CEST | Fair value | $124 | $125 | $127 |
| 12 Oct 2026, 00:00 CEST | Fair value | $125 | $115 | $131 |
| 11 Oct 2026, 00:00 CEST | ACCE price target | $140 | first publication | $131 |
| 23 Sept 2026, 00:00 CEST | Fair value | $115 | $119 | $132 |
| 20 Sept 2026, 00:00 CEST | Fair value | $119 | $115 | $133 |
| 10 Sept 2026, 00:00 CEST | Fair value | $115 | $117 | $129 |
| 7 Sept 2026, 00:00 CEST | Fair value | $117 | $119 | $132 |
| 30 Aug 2026, 00:00 CEST | Fair value | $119 | $115 | $136 |
Answered from Badger Meter Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BMI Badger Meter Inc. Common Stock | $151.24 | $91 | 66% above | 35.3x | 18.5% | 84 | 50 |
| VNT Vontier Corporation Common Stock | $34.54 | $39 | 10% below | 14.2x | 28.9% | 72 | 52 |
| IFCN.SW INFICON Holding AG | CHF 166.60 | CHF 76 | 120% above | 51.9x | 24.5% | 84 | 73 |
| ITRI Itron Inc. Common Stock | $88.17 | $55 | 61% above | 14.1x | 16.9% | 64 | 45 |
| RSW.L Renishaw plc | £53.60 | £34 | 60% above | 31.5x | 12.5% | 83 | 76 |
| NOVT Novanta Inc. Common Stock | $136.66 | $49 | 179% above | 89.1x | 5.1% | 64 | 60 |
| ST Sensata Technologies Holding plc Ordinary Shares | $40.70 | $24 | 69% above | 67.3x | 3.1% | 50 | 59 |
Where BMI ranks against its sector peers on each metric.