Badger Meter, Inc. (BMI) Fair Value 2026

BMI · Scientific & Technical Instruments ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.3 /10

32 fundamental signals · 11 models active

Value Trap Risk

SAFE (11/100)

Quick Summary — As of 2026-08-27, Badger Meter, Inc. (BMI) trades at $138.15, versus a $98.80 median fair value across its 11 active models — 28.5% below the current price. QOC: 9.3/10. Value Trap Risk: 11/100 (SAFE). 11/13 models active. Within that set, the Bayesian DCF component alone returns $130.77.

Key Facts

Ticker
BMI
Price
$138.15
Quality Score
9.3/10
Value Trap Risk
11/100
Models Active
11/13
Last Updated
Strength: First Chicago suggests +19.0% upside with 63% confidence
Risk: Majority of models suggest overvaluation

Is Badger Meter, Inc. (BMI) Undervalued or Overvalued in 2026?

According to CirclFi’s 11-model valuation engine, Badger Meter, Inc. (BMI) appears overvalued as of : the median of 11 independent fair value estimates is $98.80, 28.5% below the current price of $138.15. Estimates range from $42.73 to $194.19. BMI scores 9.3/10 on fundamental quality and 11/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. BMI’s -28.5% gap is wider than that market norm, and the Scientific & Technical Instruments sector median is -44.5%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Badger Meter, Inc. Stock in 2026? →

What Fair Value Does Each Model Give BMI?

11 Intrinsic Value Models vs. Current Price ($138.15)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $130.77 -5.3%
Intrinsic · High Conviction
 $52.01 -62.4%
Ensemble · Medium Conviction
 $98.80 -28.5%
Scenario · High Conviction
 $164.39 +19.0%
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What Is BMI's Fair Value Range?

Spread across 11 independent models · $42.73 to $194.19

CirclFi's 11 active models place Badger Meter, Inc. (BMI) between $42.73 and $194.19 per share, a spread of 153% of the median. The median of that range — $98.80 — is the fair value CirclFi publishes for BMI, against a current price of $138.15.

Low · EROICHigh · Regime Cross
$42.73median $98.80$194.19
Where the range comes from
Most bearish modelEROIC Spread$42.73
Most bullish modelRegime Cross-Sectional$194.19
Model agreement2 bullish · 7 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for BMI. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on BMI, not a CirclFi price target. How each model works →

What Is Badger Meter, Inc. (BMI) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Badger Meter, Inc.'s intrinsic value is estimated at a median fair value of $98.80. Trading at $138.15, the stock is approaching fair value or slight overvaluation (implied return of -28.5%), as 7 of 11 models suggest limited further upside. The most optimistic model, Regime Cross, places fair value at $194.19 (+40.6%), while EROIC — the most conservative — estimates $42.73 (-69.1%). This +109.6% gap reflects genuine analytical uncertainty about Badger Meter, Inc.'s intrinsic worth. Among models with highest confidence, Bayesian DCF, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About BMI?

11 of 13 models are currently active for BMI. Of these, 2 models suggest upside while 9 models suggest overvaluation. Taken together, their median fair value for BMI is $98.80 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $130.77 on its own, implying -5.3% downside from the current price. See which stocks rank higher →

How Does BMI Rank in Scientific & Technical Instruments?

Among 40 Scientific & Technical Instruments stocks, BMI ranks #2 by Quality of Company score. CirclFi's QOC score of 9.3/10 evaluates 32 fundamental signals. A score of 9.3 places BMI in the top tier.

Badger Meter, Inc. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is BMI a Value Trap?

CirclFi's Value Trap algorithm assigns BMI a score of 11/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

11 of 13 models are active for Badger Meter, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Badger Meter, Inc. scores 9.3 out of 10 on our 32-signal quality assessment, a elite rating that ranks among the highest-quality businesses in our coverage universe. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +109.6% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every BMI valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across BMI's 11 active models, average confidence is 55%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Badger Meter, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Scientific & Technical Instruments Stocks Should You Also Analyze?

9 related Scientific & Technical Instruments stocks with 13-model coverage

ACFNAcorn Energy, Inc.QOC 9.4GRMNGarmin Ltd.QOC 9.1ARBEArbe Robotics Ltd.QOC 2.3TDYTeledyne Technologies IncorporatedQOC 8.9ITRNIturan Location and Control Ltd.QOC 3.0KEYSKeysight Technologies, Inc.QOC 8.9NOVTNovanta Inc.QOC 8.2ODYSOdysight.ai Inc.QOC 6.6ARAIArrive AI Inc.QOC 5.1

Read investment analysis: ACFN · GRMN · ARBE · TDY · ITRN · KEYS · NOVT · ODYS · ARAI

Which Other Stocks Have a Similar Quality Score to BMI?

7 companies across all industries closest to BMI’s Quality of Company score of 9.3/10.

LMATLeMaitre Vascular, Inc.QOC 9.3BZKanzhun LimitedQOC 9.3PHParker-Hannifin CorporationQOC 9.3NEMNewmont CorporationQOC 9.3AMPAmeriprise Financial, Inc.QOC 9.3MWAMueller Water Products, Inc.QOC 9.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: LMAT · BZ · PH · NEM · AMP · MWA · NVDA

What Else Do Investors Ask About Badger Meter, Inc.’s Valuation?

What is Badger Meter, Inc.'s intrinsic value in 2026?

CirclFi puts Badger Meter, Inc. (BMI)'s intrinsic value at $98.80 — the median of 11 independent model estimates as of 2026-08-27, ranging from $42.73 to $194.19. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $130.77 on its own. The Quality of Company score is 9.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is BMI overvalued or undervalued right now?

At $138.15, 2 of 11 active models suggest BMI may be undervalued, while 9 indicate potential overvaluation. The median of all 11 fair value estimates is $98.80, 28.5% below the current price of $138.15 — a consensus view that BMI is overvalued. The assessment depends on which methodology best fits Badger Meter, Inc.'s business model in Scientific & Technical Instruments.

What does a Quality of Company score of 9.3 mean for BMI?

Badger Meter, Inc.'s QOC of 9.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on BMI?

CirclFi analyzes BMI with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 11 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on BMI?

Of the 11 models currently active on BMI, Regime Cross-Sectional is the most bullish at $194.19 per share, and EROIC Spread is the most bearish at $42.73. CirclFi's published fair value for BMI is the median of that range, $98.80, not either extreme. The gap between the two ends equals 153% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is BMI a value trap in 2026?

Badger Meter, Inc.'s Value Trap score is 11/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 11-model valuation engine, Badger Meter, Inc. (BMI) has a median fair value of $98.80 — 28.5% below the current price of $138.15 — as of 2026-08-27.” Source: circlfi.com/stock/BMI/ · Methodology
Primary sources for this BMI valuation
  • Financial statements: Badger Meter, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000009092) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for BMI as of ; valuations recomputed .

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