Badger Meter (STU:33B) Cyclically Adjusted PB Ratio: 7.47 (As of Sep. 15, 2026) — 14% Below Median

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STU:33B Badger Meter Inc STU:33B
80 GF Score
Price €110.40
GF Value €179.21
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Badger Meter Cyclically Adjusted PB Ratio?

Badger Meter STU:33B +2.60% 80 Cyclically Adjusted PB Ratio is 7.47 as of Sep. 15, 2026, which is 14% below its 10-year median of 8.68. GuruFocus rates STU:33B with a GF Score™ of 80/100 and a GF Value™ of €179.21 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,928 Hardware companies, Badger Meter ranks worse than 87.14% on this metric.

As of today (2026-09-15), Badger Meter's current share price is €110.40. Badger Meter's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €14.78. Badger Meter's Cyclically Adjusted PB Ratio for today is 7.47.

The historical rank and industry rank for Badger Meter's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:33B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.32   Med: 8.68   Max: 16.95
Current: 7.4

During the past years, Badger Meter's highest Cyclically Adjusted PB Ratio was 16.95. The lowest was 5.32. And the median was 8.68.

STU:33B's Cyclically Adjusted PB Ratio is ranked worse than
87.14% of 1928 companies
in the Hardware industry
Industry Median: 2.05 vs STU:33B: 7.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Badger Meter's adjusted book value per share data for the three months ended in Jun. 2026 was €20.606. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €14.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Badger Meter  (STU:33B) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Badger Meter Cyclically Adjusted PB Ratio Related Terms


Badger Meter Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Badger Meter's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Badger Meter Cyclically Adjusted PB Ratio Chart

Badger Meter Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.38 9.89 11.98 15.53 10.43

Badger Meter Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.48 10.82 10.74 8.96 8.62

STU:33B vs ITRI, VNT, NOVT: Cyclically Adjusted PB Ratio Comparison

For the Scientific & Technical Instruments subindustry, Badger Meter's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Badger Meter Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Badger Meter's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Badger Meter's Cyclically Adjusted PB Ratio falls into.


STU:33B
80GF Score
Badger Meter Inc STU:33B
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Badger Meter Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Badger Meter's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=110.40/14.78
=7.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Badger Meter's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Badger Meter's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.606/333.9520*333.9520
=20.606

Current CPI (Jun. 2026) = 333.9520.

Badger Meter Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.719 241.428 10.677
201612 8.342 241.432 11.539
201703 8.377 243.801 11.475
201706 8.113 244.955 11.061
201709 7.965 246.819 10.777
201712 7.935 246.524 10.749
201803 7.840 249.554 10.491
201806 8.487 251.989 11.248
201809 8.731 252.439 11.550
201812 9.118 251.233 12.120
201903 9.440 254.202 12.402
201906 9.545 256.143 12.445
201909 10.197 256.759 13.263
201912 10.129 256.974 13.163
202003 10.508 258.115 13.595
202006 10.431 257.797 13.512
202009 10.296 260.280 13.210
202012 9.218 260.474 11.818
202103 10.786 264.877 13.599
202106 11.036 271.696 13.565
202109 11.559 274.310 14.072
202112 12.118 278.802 14.515
202203 12.586 287.504 14.619
202206 13.601 296.311 15.329
202209 14.747 296.808 16.593
202212 14.152 296.797 15.924
202303 14.392 301.836 15.923
202306 14.869 305.109 16.275
202309 15.857 307.789 17.205
202312 15.932 306.746 17.345
202403 16.871 312.332 18.039
202406 17.865 314.175 18.990
202409 18.011 315.301 19.076
202412 19.906 315.605 21.063
202503 20.169 319.799 21.062
202506 19.588 322.561 20.280
202509 20.288 324.800 20.860
202512 20.667 324.054 21.298
202603 20.532 330.213 20.764
202606 20.606 333.952 20.606

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 7.47 mean?
Badger Meter (STU:33B) has a Cyclically Adjusted PB Ratio of 7.47 as of Sep. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Badger Meter and its competitors. This is 14% below median its historical median of 8.68. Over the past decade, Badger Meter's Cyclically Adjusted PB Ratio has ranged from 5.32 to 16.95. According to the industry distribution chart, Badger Meter ranks #1680 out of 1928 companies in the Hardware industry, placing it in the top 87.1%.
Is Badger Meter's Cyclically Adjusted PB Ratio too high?
Badger Meter's current Cyclically Adjusted PB Ratio of 7.47 is 14% below median its 10-year median of 8.68. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 16.95. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Badger Meter's value of 7.47 is 264.4% above this industry median. Based on the distribution chart, Badger Meter ranks #1680 out of 1928 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Badger Meter has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Badger Meter's Cyclically Adjusted PB Ratio compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #1680 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Badger Meter in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Badger Meter's value of 7.47 is 264.4% above this benchmark. Historically, Badger Meter's own Cyclically Adjusted PB Ratio has ranged from 5.32 to 16.95 over the past decade. While the company's 10-year median is 8.68 vs. the industry median of 2.05, Badger Meter has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,928 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current Cyclically Adjusted PB Ratio of 7.47 is 264.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Badger Meter and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current Cyclically Adjusted PB Ratio is 7.47, which is 14% below median its own 10-year median of 8.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Meter stock overvalued right now?
Based on GuruFocus' analysis, Badger Meter (STU:33B) is currently considered Significantly Undervalued. The stock's GF Value™ is €179.21, compared to a current price of €110.40 — trading 38.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.47, which is 14% below median its 10-year median of 8.68 and 264.4% above the Hardware industry median of 2.05. Badger Meter's overall GF Score™ is 80/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Badger Meter (STU:33B), the current Cyclically Adjusted PB Ratio is 7.47 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Badger Meter (STU:33B) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Meter stock appears to be undervalued. The current stock price of €110.40 is trading 38.4% below its estimated GF Value™ of €179.21. GuruFocus considers Badger Meter to be Significantly Undervalued.

Key valuation signals for STU:33B:

  • Cyclically Adjusted PB Ratio: 7.47 (14% below median its 10-year median of 8.68)
  • GF Value™: €179.21 vs. price of €110.40 (38.4% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 264.4% above the Hardware median (#1680 of 1928)

No single metric tells the full story. See the STU:33B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Badger Meter Business Description

Other Exchanges BMI:USA
Address 4545 West Brown Deer Road, Milwaukee, WI, USA, 53233
Badger Meter is a provider of water management solutions. The company's solutions encompass measurement and control hardware, connectivity and communication, data visualization and software. Badger Meter has global operations, with the vast majority of revenue derived from the US.
80GF Score

Get the complete analysis for STU:33B

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€110.40
Price
€179.21
GF Value