BMI (Badger Meter) ROCE %: 17.32% (As of Mar. 2026)


BMI Badger Meter Inc BMI
78 GF Score
Price $134.80
GF Value $216.36
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Badger Meter ROCE %?

Badger Meter BMI +5.47% 78 ROCE % is 17.32% as of Mar. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Badger Meter's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.32%.

Badger Meter  (NYSE:BMI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Badger Meter ROCE % Related Terms

Badger Meter ROCE % Historical Data

* Premium members only.

The historical data trend for Badger Meter's ROCE % 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 ROCE % Chart

Badger Meter Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.48 18.55 21.91 24.62 24.12

Badger Meter Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 27.14 23.06 22.72 20.90 17.32
BMI
78GF Score
Badger Meter Inc BMI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Badger Meter ROCE % Calculation

Badger Meter's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=183.421/( ( (816.413 - 118.205) + (973.577 - 150.716) )/ 2 )
=183.421/( (698.208+822.861)/ 2 )
=183.421/760.5345
=24.12 %

Badger Meter's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=140.684/( ( (973.577 - 150.716) + (970.808 - 169.419) )/ 2 )
=140.684/( ( 822.861 + 801.389 )/ 2 )
=140.684/812.125
=17.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 17.32% mean?
Badger Meter (BMI) has a ROCE % of 17.32% as of Mar. 2026.
Is Badger Meter's ROCE % too high?
Badger Meter's current ROCE % is 17.32%. The Hardware industry median ROCE % is 5.82. Badger Meter's value of 17.32% is 197.6% above this industry median. 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 ROCE % compare to ITRI and VNT?
Badger Meter's ROCE % of 17.32% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.82. Badger Meter's value of 17.32% is 197.6% 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 ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.82, based on 2,445 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current ROCE % of 17.32% is 197.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current ROCE % is 17.32%. 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 $134.80 — trading 37.7% below its estimated fair value. The current ROCE % is 17.32% and 197.6% above the Hardware industry median of 5.82. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Badger Meter (BMI), the current ROCE % is 17.32% 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 Meter (BMI) Overvalued in 2026?

Based on GuruFocus' analysis, Badger Meter stock appears to be undervalued. The current stock price of $134.80 is trading 37.7% below its estimated GF Value™ of $216.36. GuruFocus considers Badger Meter to be Significantly Undervalued.

Key valuation signals for BMI:

  • ROCE %: 17.32%
  • GF Value™: $216.36 vs. price of $134.80 (37.7% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 197.6% above the Hardware median

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 Business Description

Other Exchanges 33B:Germany
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.
78GF Score

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

$134.80
Price
$216.36
GF Value