Badger Infrastructure Solutions (TSX:BDGI) Enterprise Value: C$3,542 Mil (As of Jul. 02, 2026) ***


TSX:BDGI Badger Infrastructure Solutions Ltd TSX:BDGI
89 GF Score
Price C$93.02
GF Value C$55.85
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Badger Infrastructure Solutions Enterprise Value?

Badger Infrastructure Solutions TSX:BDGI -0.10% 89 Enterprise Value is C$3,542 Mil as of Jul. 02, 2026. GuruFocus rates TSX:BDGI with a GF Score™ of 89/100 and a GF Value™ of C$55.85 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Badger Infrastructure Solutions's Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$124 Mil. Therefore, Badger Infrastructure Solutions's EV-to-EBIT ratio for today is 28.57.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Badger Infrastructure Solutions's Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$252 Mil. Therefore, Badger Infrastructure Solutions's EV-to-EBITDA ratio for today is 14.04.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Badger Infrastructure Solutions's Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,186 Mil. Therefore, Badger Infrastructure Solutions's EV-to-Revenue ratio for today is 2.99.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Badger Infrastructure Solutions's Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was C$239 Mil. Therefore, Badger Infrastructure Solutions's EV-to-OCF ratio for today is 14.85.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Badger Infrastructure Solutions's Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$47 Mil. Therefore, Badger Infrastructure Solutions's EV-to-FCF ratio for today is 75.02.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Badger Infrastructure Solutions  (TSX:BDGI) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Badger Infrastructure Solutions's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3542.246/123.989
=28.57

Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil.
Badger Infrastructure Solutions's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$124 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Badger Infrastructure Solutions's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3542.246/252.373
=14.04

Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil.
Badger Infrastructure Solutions's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$252 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Badger Infrastructure Solutions's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3542.246/1186.318
=2.99

Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil.
Badger Infrastructure Solutions's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,186 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Badger Infrastructure Solutions's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3542.246/238.594
=14.85

Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil.
Badger Infrastructure Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$239 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Badger Infrastructure Solutions's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3542.246/47.217
=75.02

Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil.
Badger Infrastructure Solutions's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$47 Mil.

* 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 Enterprise Value Related Terms


Badger Infrastructure Solutions Enterprise Value Historical Data

* Premium members only.

The historical data trend for Badger Infrastructure Solutions's Enterprise Value 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 Enterprise Value Chart

Badger Infrastructure Solutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,264.72 1,137.21 1,674.94 1,521.28 2,817.48

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
Enterprise Value 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 1,664.50 1,959.20 2,422.38 2,817.48 2,487.73

TSX:BDGI vs PWR, FIX, EME: Enterprise Value Comparison

For the Engineering & Construction subindustry, Badger Infrastructure Solutions's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Construction Industry

For the Construction industry and Industrials sector, Badger Infrastructure Solutions's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Badger Infrastructure Solutions's Enterprise Value falls into.


TSX:BDGI
89GF Score
Badger Infrastructure Solutions Ltd TSX:BDGI
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Badger Infrastructure Solutions Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Badger Infrastructure Solutions's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Badger Infrastructure Solutions's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of C$3,542 Mil mean?
Badger Infrastructure Solutions (TSX:BDGI) has a Enterprise Value of C$3,542 Mil as of Jul. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Badger Infrastructure Solutions and its competitors.
Is Badger Infrastructure Solutions' Enterprise Value too high?
Badger Infrastructure Solutions' current Enterprise Value is C$3,542 Mil. Overall, Badger Infrastructure Solutions has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Badger Infrastructure Solutions' Enterprise Value compare to PWR and FIX?
Badger Infrastructure Solutions' Enterprise Value of C$3,542 Mil 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 Enterprise Value for a Construction company?
A good Enterprise Value depends on the Construction industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Badger Infrastructure Solutions and its competitors. Badger Infrastructure Solutions's current Enterprise Value is C$3,542 Mil. 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$55.85, compared to a current price of C$93.02 — trading 66.6% above its estimated fair value. The current Enterprise Value is C$3,542 Mil. Badger Infrastructure Solutions' overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Badger Infrastructure Solutions (TSX:BDGI), the current Enterprise Value is C$3,542 Mil as of Jul. 02, 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$93.02 is trading 66.6% above its estimated GF Value™ of C$55.85. GuruFocus considers Badger Infrastructure Solutions to be Significantly Overvalued.

Key valuation signals for TSX:BDGI:

  • Enterprise Value: C$3,542 Mil
  • GF Value™: C$55.85 vs. price of C$93.02 (66.6% above fair value)
  • GF Score™: 89/100 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.
89GF Score

Get the complete analysis for TSX:BDGI

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

C$93.02
Price
C$55.85
GF Value