WEBULL
WebtradeDownload

Badger Meter (BMI) Could Be 14% Undervalued On Northcoast’s Buy Upgrade

Simply Wall St · 2d ago

Badger Meter (BMI) moved higher after Northcoast analyst Ryan Connors shifted his rating to Buy, with the upgraded view helping to drive a 4.2% gain in afternoon trading.

At around $132.76, Badger Meter’s latest move comes after a tough stretch, with the share price down about 24.7% year to date and the 1 year total shareholder return also lower by roughly 24.2%. Today’s analyst upgrade therefore looks more like a short term sentiment reset than a complete change in trend, although the 6.1% 7 day share price return hints that near term momentum is starting to rebuild off those weaker levels.

Capitalize on the renewed interest in Badger Meter by scanning a hand picked 16 high quality undiscovered gems that could be setting up for their own sentiment resets.

After a sharp rally off a weak year to date, Badger Meter sits in an awkward spot. Is this the moment to step in, or does patience for a cheaper entry make more sense as the valuation picture comes into focus next?

Most Popular Narrative: 14% Undervalued

On the most followed narrative, Badger Meter screens a little below its estimated worth, with the fair value of $155.11 sitting above the $132.76 last close. This puts fresh focus on whether the current discount reflects risk or opportunity.

The increasing emphasis on water conservation and sustainable infrastructure is driving elevated demand from utilities for advanced metering and monitoring solutions. Badger Meter's continued success with its BEACON SaaS platform, BlueEdge suite, and recent SmartCover acquisition positions the company to capture a larger share of this growing market.

See why 11 investors see Badger Meter as 14% undervalued.

Result: Fair Value of $155.11 (UNDERVALUED)

Still, the Badger Meter story carries real pressure points, including execution risk on large AMI rollouts and the overhang from ongoing securities class action lawsuits.

Find out about the key risks to this Badger Meter narrative.

Another View on Badger Meter’s Valuation

The fair value story for Badger Meter looks less clear once the focus shifts to earnings multiples. The stock trades on a P/E of 30.6x, slightly above the US Electronic industry at 30x, while the fair ratio sits lower at 24.9x. That gap points to valuation risk if sentiment cools rather than a straightforward bargain.

For a closer look at how this pricing gap lines up against earnings power and peer levels, take a few minutes with the See what the numbers say about this price — find out in our valuation breakdown..

NYSE:BMI P/E Ratio as at Sep 2026
NYSE:BMI P/E Ratio as at Sep 2026

Next Steps

If the tone of this Badger Meter discussion feels conflicted, that is exactly the point. This is why it can pay to move quickly, review the underlying data and pressure test the thesis for yourself using the 2 key rewards.

Looking for more Badger Meter style ideas?

If Badger Meter has you rethinking where the next opportunity might come from, do not wait on the sidelines while other setups take shape.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.