Badger MeterBMI -1.79%78 3-Year ROIIC % is 25.39 as of Dec. 2025, which is 43% below its 10-year median of 44.22. GuruFocus rates BMI with a GF Score™ of 78/100 and a GF Value™ of $216.67 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,371 Hardware companies, Badger Meter ranks better than 74.48% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Badger Meter's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 25.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Badger Meter's 3-Year ROIIC % or its related term are showing as below:
BMI's 3-Year ROIIC % is ranked better than 74.48% of 2371
companies
in the Hardware industry
Industry Median: 2.33
vs BMI: 25.39
Badger Meter (NYSE:BMI) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Badger Meter 3-Year ROIIC % Related Terms
Badger Meter 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Badger Meter's 3-Year ROIIC % 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 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Badger Meter's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Badger Meter's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Badger Meter (BMI) has a 3-Year ROIIC % of 25.39 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Badger Meter and its competitors. This is 43% below median its historical median of 44.22. Over the past decade, Badger Meter's 3-Year ROIIC % has ranged from 15.51 to 104.94. According to the industry distribution chart, Badger Meter ranks #605 out of 2371 companies in the Hardware industry, placing it in the top 25.5%.
Is Badger Meter's 3-Year ROIIC % too high?
Badger Meter's current 3-Year ROIIC % of 25.39 is 43% below median its 10-year median of 44.22. Over the past 10 years, this metric has ranged from a low of 15.51 to a high of 104.94. The Hardware industry median 3-Year ROIIC % is 2.33. Badger Meter's value of 25.39 is 989.7% above this industry median. Based on the distribution chart, Badger Meter ranks #605 out of 2371 companies in the Hardware industry, which is above the industry midpoint. 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 3-Year ROIIC % compare to VNT and ITRI?
According to the Hardware industry distribution chart, Badger Meter ranks #605 out of 2371 companies for 3-Year ROIIC %. This puts Badger Meter in the upper half of its industry. The industry median 3-Year ROIIC % is 2.33. Badger Meter's value of 25.39 is 989.7% above this benchmark. Historically, Badger Meter's own 3-Year ROIIC % has ranged from 15.51 to 104.94 over the past decade. While the company's 10-year median is 44.22 vs. the industry median of 2.33, 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 3-Year ROIIC % for a Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.33, based on 2,371 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Badger Meter's current 3-Year ROIIC % of 25.39 is 989.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Badger Meter and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Badger Meter's current 3-Year ROIIC % is 25.39, which is 43% below median its own 10-year median of 44.22. 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 $216.67, compared to a current price of $144.45 — trading 33.3% below its estimated fair value. The current 3-Year ROIIC % is 25.39, which is 43% below median its 10-year median of 44.22 and 989.7% above the Hardware industry median of 2.33. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Badger Meter (BMI), the current 3-Year ROIIC % is 25.39 as of Dec. 2025. 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 $144.45 is trading 33.3% below its estimated GF Value™ of $216.67.
GuruFocus considers Badger Meter to be Significantly Undervalued.
Key valuation signals for BMI:
3-Year ROIIC %: 25.39 (43% below median its 10-year median of 44.22)
GF Value™: $216.67 vs. price of $144.45 (33.3% below fair value)
Industry Position: 989.7% above the Hardware median (#605 of 2371)
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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