Badger Meter
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
42.8639.1837.65
Price/Sales ratio
6.195.955.56
Earnings per Share (EPS)
$4.38$4.79$4.99

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
28.6132.4833.0539.9951.3439.9555.3851.0047.9048.8153.1951.34
Price/Sales ratio
2.322.232.713.433.284.436.426.145.636.427.883.28
Price/Book Value ratio
3.963.624.164.984.705.697.567.707.208.7510.704.70
Price/Cash Flow ratio
23.7623.5118.9927.7923.6423.3530.5035.4838.6341.0544.9023.64
Price/Free Cash Flow ratio
36.2852.4523.4139.8627.5925.7433.9338.4541.6046.0748.4727.59
Price/Earnings Growth ratio
1.44-2.571.355.59-2.560.5712.892.225.261.267.44-2.56
Dividend Yield
1.25%1.33%1.16%1.02%1.14%0.98%0.74%0.71%0.78%0.64%0.56%0.98%
Profitability Indicator Ratios
Gross Profit Margin
35.95%35.94%38.24%38.70%37.43%38.51%39.53%40.67%38.89%39.28%39.54%37.43%
Operating Profit Margin
12.62%11.21%12.89%13.82%13.11%14.63%15.31%15.58%15.43%16.77%18.75%13.11%
Pretax Profit Margin
12.31%10.89%12.65%13.62%8.26%14.50%15.27%15.56%15.50%17.33%19.63%8.26%
Net Profit Margin
8.13%6.86%8.20%8.59%6.40%11.11%11.59%12.05%11.75%13.16%14.79%6.40%
Effective Tax Rate
33.91%36.97%35.20%36.95%22.48%23.42%24.06%22.56%24.19%24.07%24.62%22.48%
Return on Assets
8.69%7.35%9.22%8.82%7.07%11.18%10.53%11.46%11.02%12.91%14.81%7.07%
Return On Equity
13.84%11.16%12.60%12.46%9.15%14.24%13.65%15.10%15.03%17.92%21.56%9.15%
Return on Capital Employed
19.67%16.88%18.51%18.62%17.09%17.04%16.16%17.54%17.71%20.18%22.38%17.09%
Liquidity Ratios
Current Ratio
1.311.421.991.702.743.493.38N/AN/AN/A4.092.74
Quick Ratio
0.640.690.960.781.392.062.131.962.062.182.871.39
Cash ratio
0.060.080.090.110.210.851.101.061.251.452.000.21
Days of Sales Outstanding
54.0054.7355.4452.7955.7952.7452.9147.5849.4643.3242.4252.74
Days of Inventory outstanding
112.13114.65116.62126.01108.67114.55115.73121.30126.58131.31119.06108.67
Operating Cycle
166.13169.39172.07178.81164.47167.30168.65168.89176.05174.63161.49167.30
Days of Payables Outstanding
25.0828.9027.5442.3130.2144.0649.5450.9775.4569.9058.1230.21
Cash Conversion Cycle
141.04140.49144.52136.49134.25123.23119.10117.91100.60104.73103.36123.23
Debt Ratios
Debt Ratio
0.220.200.100.110.040.01N/AN/AN/AN/AN/A0.01
Debt Equity Ratio
0.350.300.140.160.050.01N/AN/AN/AN/AN/A0.01
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
0.260.230.120.130.050.01N/AN/AN/AN/AN/A0.01
Interest Coverage Ratio
40.5734.8155.1170.4949.15245.642.17KN/AN/AN/A735.5749.15
Cash Flow to Debt Ratio
0.470.501.481.113.3418.01N/AN/AN/AN/AN/A18.01
Company Equity Multiplier
1.591.511.361.411.291.271.291.311.361.381.351.29
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.090.140.120.130.190.210.170.140.150.170.13
Free Cash Flow / Operating Cash Flow Ratio
0.650.440.810.690.850.900.890.920.920.890.920.85
Cash Flow Coverage Ratio
0.470.501.481.113.3418.01N/AN/AN/AN/AN/A18.01
Short Term Coverage Ratio
0.470.501.481.113.3418.01N/AN/AN/AN/AN/A18.01
Dividend Payout Ratio
35.82%43.41%38.58%41.11%58.52%39.41%41.22%36.38%37.41%31.37%28.39%39.41%