Badger MeterBMI +4.51%78 PB Ratio is 5.65 as of Jun. 24, 2026, which is 11% below its 10-year median of 6.37. 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 2,413 Hardware companies, Badger Meter ranks worse than 76.38% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), Badger Meter's share price is $133.58. Badger Meter's Book Value per Share for the quarter that ended in Mar. 2026 was $23.66. Hence, Badger Meter's PB Ratio of today is 5.65.
The historical rank and industry rank for Badger Meter's PB Ratio or its related term are showing as below:
BMI'
s PB Ratio Range Over the Past 10 Years
Min: 3.65 Med: 6.37 Max: 11.39
Current: 5.65
During the past 13 years, Badger Meter's highest PB Ratio was 11.39. The lowest was 3.65. And the median was 6.37.
BMI's PB Ratio is ranked worse than 76.38% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs BMI: 5.65
During the past 12 months, Badger Meter's average Book Value Per Share Growth Rate was 8.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Badger Meter was 23.90% per year. The lowest was -4.50% per year. And the median was 8.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Badger Meter PB Ratio Related Terms
Badger Meter PB Ratio Historical Data
* Premium members only.
The historical data trend for Badger Meter's 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.
For the Scientific & Technical Instruments subindustry, Badger Meter's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's PB Ratio distribution charts can be found below:
* The bar in red indicates where Badger Meter's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Badger Meter's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Badger Meter (BMI) has a PB Ratio of 5.65 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Badger Meter and its competitors. This is 11% below median its historical median of 6.37. Over the past decade, Badger Meter's PB Ratio has ranged from 3.65 to 11.39. According to the industry distribution chart, Badger Meter ranks #1843 out of 2413 companies in the Hardware industry, placing it in the top 76.4%.
Is Badger Meter's PB Ratio too high?
Badger Meter's current PB Ratio of 5.65 is 11% below median its 10-year median of 6.37. Over the past 10 years, this metric has ranged from a low of 3.65 to a high of 11.39. The Hardware industry median PB Ratio is 2.42. Badger Meter's value of 5.65 is 133.5% above this industry median. Based on the distribution chart, Badger Meter ranks #1843 out of 2413 companies in the Hardware industry, which is in the bottom quartile 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 PB Ratio compare to ITRI and VNT?
According to the Hardware industry distribution chart, Badger Meter ranks #1843 out of 2413 companies for PB Ratio. This places Badger Meter in the lower half of its industry. The industry median PB Ratio is 2.42. Badger Meter's value of 5.65 is 133.5% above this benchmark. Historically, Badger Meter's own PB Ratio has ranged from 3.65 to 11.39 over the past decade. While the company's 10-year median is 6.37 vs. the industry median of 2.42, 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 PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.42, based on 2,413 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current PB Ratio of 5.65 is 133.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Badger Meter and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current PB Ratio is 5.65, which is 11% below median its own 10-year median of 6.37. 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 PB Ratio is 5.65, which is 11% below median its 10-year median of 6.37 and 133.5% above the Hardware industry median of 2.42. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Badger Meter (BMI), the current PB Ratio is 5.65 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:
PB Ratio: 5.65 (11% below median its 10-year median of 6.37)
GF Value™: $216.36 vs. price of $133.58 (38.3% below fair value)
Industry Position: 133.5% above the Hardware median (#1843 of 2413)
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.
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