Badger Infrastructure Solutions (TSX:BDGI) Cyclically Adjusted Revenue per Share: C$23.69 (As of Mar. 2026)

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TSX:BDGI Badger Infrastructure Solutions Ltd TSX:BDGI
91 GF Score
Price C$98.37
GF Value C$56.73
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Badger Infrastructure Solutions Cyclically Adjusted Revenue per Share?

Badger Infrastructure Solutions TSX:BDGI +3.10% 91 Cyclically Adjusted Revenue per Share is C$23.69 as of Mar. 2026. GuruFocus rates TSX:BDGI with a GF Score™ of 91/100 and a GF Value™ of C$56.73 (Significantly Overvalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Badger Infrastructure Solutions's adjusted revenue per share for the three months ended in Mar. 2026 was C$8.267. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$23.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Badger Infrastructure Solutions's average Cyclically Adjusted Revenue Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Badger Infrastructure Solutions was 15.70% per year. The lowest was 6.80% per year. And the median was 13.80% per year.

As of today (2026-07-27), Badger Infrastructure Solutions's current stock price is C$98.37. Badger Infrastructure Solutions's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$23.69. Badger Infrastructure Solutions's Cyclically Adjusted PS Ratio of today is 4.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Badger Infrastructure Solutions was 4.80. The lowest was 1.50. And the median was 2.86.


Badger Infrastructure Solutions  (TSX:BDGI) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Badger Infrastructure Solutions's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=98.37/23.69
=4.15

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Badger Infrastructure Solutions was 4.80. The lowest was 1.50. And the median was 2.86.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Badger Infrastructure Solutions Cyclically Adjusted Revenue per Share Related Terms


Badger Infrastructure Solutions Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Badger Infrastructure Solutions's Cyclically Adjusted Revenue per Share 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 Infrastructure Solutions Cyclically Adjusted Revenue per Share Chart

Badger Infrastructure Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.05 16.27 18.42 20.31 22.84

Badger Infrastructure Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 20.98 21.62 22.27 22.84 23.69

TSX:BDGI vs PWR, FIX, EME: Cyclically Adjusted Revenue per Share Comparison

For the Engineering & Construction subindustry, Badger Infrastructure Solutions's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Infrastructure Solutions Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Badger Infrastructure Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Badger Infrastructure Solutions's Cyclically Adjusted PS Ratio falls into.


TSX:BDGI
91GF Score
Badger Infrastructure Solutions Ltd TSX:BDGI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Badger Infrastructure Solutions Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Badger Infrastructure Solutions's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=8.267/132.2623*132.2623
=8.267

Current CPI (Mar. 2026) = 132.2623.

Badger Infrastructure Solutions Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.471 102.002 3.204
201609 3.041 101.765 3.952
201612 2.791 101.449 3.639
201703 2.710 102.634 3.492
201706 3.408 103.029 4.375
201709 3.759 103.345 4.811
201712 3.478 103.345 4.451
201803 3.255 105.004 4.100
201806 3.969 105.557 4.973
201809 4.587 105.636 5.743
201812 4.127 105.399 5.179
201903 4.012 106.979 4.960
201906 4.551 107.690 5.589
201909 5.181 107.611 6.368
201912 5.012 107.769 6.151
202003 3.856 107.927 4.725
202006 3.829 108.401 4.672
202009 4.448 108.164 5.439
202012 4.347 108.559 5.296
202103 3.091 110.298 3.707
202106 3.875 111.720 4.588
202109 4.998 112.905 5.855
202112 4.513 113.774 5.246
202203 4.192 117.646 4.713
202206 5.354 120.806 5.862
202209 6.326 120.648 6.935
202212 5.873 120.964 6.422
202303 5.685 122.702 6.128
202306 6.625 124.203 7.055
202309 7.676 125.230 8.107
202312 6.738 125.072 7.125
202403 6.344 126.258 6.646
202406 7.428 127.522 7.704
202409 8.230 127.285 8.552
202412 7.764 127.364 8.063
202503 7.277 129.181 7.451
202506 8.427 129.892 8.581
202509 9.731 130.287 9.879
202512 8.730 130.366 8.857
202603 8.267 132.262 8.267

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of C$23.69 mean?
Badger Infrastructure Solutions (TSX:BDGI) has a Cyclically Adjusted Revenue per Share of C$23.69 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Badger Infrastructure Solutions and its competitors.
Is Badger Infrastructure Solutions' Cyclically Adjusted Revenue per Share too high?
Badger Infrastructure Solutions' current Cyclically Adjusted Revenue per Share is C$23.69. Overall, Badger Infrastructure Solutions has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Badger Infrastructure Solutions' Cyclically Adjusted Revenue per Share compare to PWR and FIX?
Badger Infrastructure Solutions' Cyclically Adjusted Revenue per Share of C$23.69 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Construction company?
A good Cyclically Adjusted Revenue per Share depends on the Construction industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Badger Infrastructure Solutions and its competitors. Badger Infrastructure Solutions's current Cyclically Adjusted Revenue per Share is C$23.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Badger Infrastructure Solutions stock overvalued right now?
Based on GuruFocus' analysis, Badger Infrastructure Solutions (TSX:BDGI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$56.73, compared to a current price of C$98.37 — trading 73.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$23.69. Badger Infrastructure Solutions' overall GF Score™ is 91/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Badger Infrastructure Solutions (TSX:BDGI), the current Cyclically Adjusted Revenue per Share is C$23.69 as of Mar. 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 Infrastructure Solutions (TSX:BDGI) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Infrastructure Solutions stock appears to be overvalued. The current stock price of C$98.37 is trading 73.4% above its estimated GF Value™ of C$56.73. GuruFocus considers Badger Infrastructure Solutions to be Significantly Overvalued.

Key valuation signals for TSX:BDGI:

  • Cyclically Adjusted Revenue per Share: C$23.69
  • GF Value™: C$56.73 vs. price of C$98.37 (73.4% above fair value)
  • GF Score™: 91/100 with 7 warning signs

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


Badger Infrastructure Solutions Business Description

Other Exchanges BDGIF:USA
Address 919 - 11th Avenue SW, Suite 400, Calgary, AB, CAN, T2R 1P3
Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating and related services, with operations in both the United States and Canada. Its key technology is the Badger Hydrovac, which is used predominantly for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. The company manufactures and designs its truck-mounted hydrovac units into its existing and future design and manufacturing processes. It provides services to contractors and facility owners in a range of infrastructure industries, general commercial construction and industrial cleaning services.
91GF Score

Get the complete analysis for TSX:BDGI

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

C$98.37
Price
C$56.73
GF Value