BMI
Badger Meter, Inc. Technology - Scientific & Technical Instruments Investor Relations →
Badger Meter, Inc. (BMI) closed at $151.23 as of 2026-02-02, trading 5.1% below its 200-week moving average of $159.41. This places BMI in the deep value zone. The stock moved further from the line this week, up from -7.9% last week. With a 14-week RSI of 30, BMI is in oversold territory.
Over the past 2715 weeks of data, BMI has crossed below its 200-week moving average 32 times. On average, these episodes lasted 18 weeks. Historically, investors who bought BMI at the start of these episodes saw an average one-year return of +16.1%.
With a market cap of $4.5 billion, BMI is a mid-cap stock. The company generates a free cash flow yield of 3.2%. Return on equity stands at 21.5%, indicating strong profitability. The stock trades at 6.2x book value.
Over the past 33.2 years, a hypothetical investment of $100 in BMI would have grown to $21303, compared to $2849 for the S&P 500. That represents an annualized return of 17.5% vs 10.6% for the index — confirming BMI as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 20.8% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: BMI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BMI Crosses Below the Line?
Across 14 historical episodes, buying BMI when it crossed below its 200-week moving average produced an average return of +26.9% after 12 months (median +5.0%), compared to +16.8% for the S&P 500 over the same periods. 91% of those episodes were profitable after one year. After 24 months, the average return was +56.5% vs +36.1% for the index.
Each line shows $100 invested at the moment BMI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
BMI has crossed below its 200-week MA 32 times with an average 1-year return of +16.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1974 | Jun 1975 | 71 | 44.0% | -27.9% | +57058.3% |
| Jul 1975 | Jan 1976 | 25 | 29.1% | +17.5% | +68088.7% |
| Sep 1976 | Oct 1976 | 3 | 0.6% | +60.7% | +63617.3% |
| Dec 1978 | Jan 1979 | 3 | 4.1% | +14.7% | +51723.4% |
| May 1979 | Jul 1979 | 6 | 3.2% | -3.7% | +48484.5% |
| Oct 1979 | Jan 1980 | 13 | 7.6% | +9.4% | +45626.5% |
| Mar 1980 | Sep 1980 | 26 | 19.4% | -2.4% | +45626.5% |
| Oct 1980 | Nov 1980 | 4 | 7.1% | -34.9% | +45094.9% |
| Nov 1980 | Jan 1981 | 9 | 19.6% | -36.0% | +45094.9% |
| Feb 1981 | Feb 1983 | 104 | 40.3% | -34.9% | +45094.9% |
| Mar 1983 | Mar 1983 | 1 | 0.6% | -1.4% | +53882.8% |
| Dec 1983 | Dec 1983 | 1 | 1.2% | -1.4% | +55425.2% |
| Dec 1983 | Jan 1984 | 1 | 3.4% | +5.9% | +57058.3% |
| Feb 1984 | Mar 1984 | 5 | 2.9% | +52.9% | +57058.3% |
| Apr 1984 | Sep 1984 | 22 | 15.4% | +20.6% | +57058.3% |
| Oct 1987 | Feb 1988 | 15 | 16.1% | +40.2% | +38005.5% |
| Aug 1990 | Feb 1991 | 27 | 22.1% | +1.8% | +28019.9% |
| Apr 1991 | Jun 1991 | 5 | 6.8% | +3.1% | +28879.7% |
| Jul 1991 | Jul 1991 | 3 | 1.6% | +0.6% | +28601.8% |
| Aug 1991 | Feb 1992 | 23 | 15.0% | -0.2% | +28601.8% |
| Apr 1992 | May 1992 | 4 | 2.1% | +29.0% | +28010.7% |
| Jun 1992 | Sep 1992 | 11 | 6.0% | +38.2% | +28669.2% |
| Oct 1992 | Nov 1992 | 5 | 2.5% | +27.3% | +27708.8% |
| May 2000 | Apr 2002 | 96 | 30.9% | +1.1% | +5784.6% |
| Jun 2002 | Jul 2002 | 2 | 0.8% | +8.4% | +5948.3% |
| Oct 2008 | Dec 2008 | 8 | 26.5% | +64.7% | +1437.9% |
| Jan 2009 | Mar 2009 | 12 | 20.5% | +60.4% | +1293.6% |
| Apr 2011 | Apr 2012 | 52 | 25.5% | +3.0% | +884.7% |
| May 2012 | Jun 2012 | 1 | 1.5% | +29.5% | +903.0% |
| Jul 2012 | Sep 2012 | 5 | 3.4% | +44.0% | +918.1% |
| Mar 2020 | Mar 2020 | 1 | 1.8% | +109.7% | +245.9% |
| Jan 2026 | Ongoing | 2+ | 7.9% | Ongoing | +3.2% |
| Average | 18 | — | +16.1% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02