Badger Meter (BMI) Price to Book (2009 - 2026)
Badger Meter's (BMI) Price to Book was 5.42 for Q3 2026, down 27.6% from 7.49 a year earlier and down 13.9% from the prior quarter.
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Analysis
Badger Meter (BMI) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Badger Meter was 7.19, down 30.0% from FY2024.
- By year, Price to Book came in at 10.27 in FY2024 (+17.4%), 8.75 in FY2023 (+21.6%), 7.20 in FY2022 (-6.5%) and 7.70 in FY2021 (+1.9%).
- The Q3 2026 figure ranks as the lowest quarterly Price to Book since Q3 2020.
- Year over year, Price to Book has now declined in each of the last five quarters, with an average decline of 16.3% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q2 2023 (growth of 59.9%); the low point was Q2 2026 (a decline of 40.9%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 6.30 (Q2 2026), 6.44 (Q1 2026) and 7.19 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 86.73 Bn | 79.74 Bn | 2.07 Bn |
| 2 | Veralto | 28.77 Bn | 21.41 Bn | 908.00 Mn |
| 3 | Xylem | 21.59 Bn | 17.56 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.42 Bn | 3.83 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 3.20 Bn | 2.99 Bn | 130.10 Mn |
| 6 | NWPX Infrastructure | 866.95 Mn | 825.03 Mn | 38.19 Mn |
| 7 | Energy Recovery | 370.21 Mn | 32.65 Mn | 4.20 Mn |
| 8 | Cadiz | 265.95 Mn | 231.07 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 157.70 Mn | 37.32 Mn | - |
| 10 | LanzaTech Global | 50.39 Mn | -47.24 Mn | 1.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.42 |
| Jun 30, 2026 | 6.30 |
| Mar 31, 2026 | 6.44 |
| Dec 31, 2025 | 7.19 |
| Sep 30, 2025 | 7.49 |
| Jun 30, 2025 | 10.65 |
| Mar 31, 2025 | 8.73 |
| Dec 31, 2024 | 10.27 |
| Sep 30, 2024 | 10.87 |
| Jun 30, 2024 | 9.73 |
| Mar 31, 2024 | 8.88 |
| Dec 31, 2023 | 8.75 |
| Sep 30, 2023 | 8.57 |
| Jun 30, 2023 | 9.10 |
| Mar 31, 2023 | 7.80 |
| Dec 31, 2022 | 7.20 |
| Sep 30, 2022 | 6.39 |
| Jun 30, 2022 | 5.69 |
| Mar 31, 2022 | 7.12 |
| Dec 31, 2021 | 7.70 |
API Access
Badger Meter Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=BMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "BMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=BMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();