Badger MeterBMI +4.51%78 Market Cap is $3,898.6 Mil as of Jun. 24, 2026. GuruFocus rates BMI with a GF Score™ of 78/100 and a GF Value™ of $216.36 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,514 Hardware companies, Badger Meter ranks better than 88.62% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Badger Meter's share price for the quarter that ended in Mar. 2026 was $152.35. Badger Meter's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 29.2 Mil. Therefore, Badger Meter's market cap for the quarter that ended in Mar. 2026 was $4,446.5 Mil.
Badger Meter's quarterly market cap
declined
from Sep. 2025 ($5,262.8 Mil) to Dec. 2025 ($5,125.4 Mil) and
declined
from Dec. 2025 ($5,125.4 Mil) to Mar. 2026 ($4,446.5 Mil).
Badger Meter's annual market cap
increased
from Dec. 2023 ($4,530.3 Mil) to Dec. 2024 ($6,238.7 Mil) but then
declined
from Dec. 2024 ($6,238.7 Mil) to Dec. 2025 ($5,125.4 Mil).
Enterprise Value is 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 and cash equivalents. Badger Meter's Enterprise Value for Today is $3,693.2 Mil.
Badger Meter (NYSE:BMI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Badger Meter Market Cap Related Terms
Badger Meter Market Cap Historical Data
* Premium members only.
The historical data trend for Badger Meter's Market Cap 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.
For the Scientific & Technical Instruments subindustry, Badger Meter's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's Market Cap distribution charts can be found below:
* The bar in red indicates where Badger Meter's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Badger Meter's Market Cap for the fiscal year that ended in Dec. 2025 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.
Badger Meter (BMI) has a Market Cap of $3,898.6 Mil as of Jun. 24, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Badger Meter and its competitors. According to the industry distribution chart, Badger Meter ranks #286 out of 2514 companies in the Hardware industry, placing it in the top 11.4%.
Is Badger Meter's Market Cap too high?
Badger Meter's current Market Cap is $3,898.6 Mil. The Hardware industry median Market Cap is 211.80. Badger Meter's value of $3,898.6 Mil is 1740.7% above this industry median. Based on the distribution chart, Badger Meter ranks #286 out of 2514 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Badger Meter has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Badger Meter's Market Cap compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #286 out of 2514 companies for Market Cap. This places Badger Meter in the top 11% of its industry — outperforming the majority of peers. The industry median Market Cap is 211.80. Badger Meter's value of $3,898.6 Mil is 1740.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Hardware company?
The median Market Cap among Hardware companies is 211.80, based on 2,514 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current Market Cap of $3,898.6 Mil is 1740.7% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Badger Meter and its competitors. For the Hardware industry, the median Market Cap is 211.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current Market Cap is $3,898.6 Mil. 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 (BMI) is currently considered Significantly Undervalued. The stock's GF Value™ is $216.36, compared to a current price of $133.58 — trading 38.3% below its estimated fair value. The current Market Cap is $3,898.6 Mil and 1740.7% above the Hardware industry median of 211.80. Badger Meter's overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Badger Meter (BMI), the current Market Cap is $3,898.6 Mil as of Jun. 24, 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 (BMI) Overvalued in 2026?
Based on GuruFocus' analysis, Badger Meter stock appears to be undervalued.
The current stock price of $133.58 is trading 38.3% below its estimated GF Value™ of $216.36.
GuruFocus considers Badger Meter to be Significantly Undervalued.
Key valuation signals for BMI:
Market Cap: $3,898.6 Mil
GF Value™: $216.36 vs. price of $133.58 (38.3% below fair value)
Industry Position: 1740.7% above the Hardware median (#286 of 2514)
No single metric tells the full story. See the BMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
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