As of May 2, 2024, the Garmin stock's PE ratio is 23.22. This takes into account the latest EPS of $7.12 and stock price of $165.33. The PE ratio has increased by 17% from its last 4 quarters average of 19.9.
The PE ratio of Garmin has averaged 20.01 over the last ten years. The current price-to-earnings ratio of 23.22 is 16% more than the historical average. Analyzing the last ten years, GRMN's PE ratio reached its highest point in the Jun 2015 quarter at 32.32, when the price was $45.57 and the EPS was $1.41. The lowest point was recorded in the Sep 2015 quarter, when it reached 12.66 with a price of $35.45 and an EPS of $2.8.
Maximum annual increase: 90.95% in 2014
Maximum annual decrease: -45.66% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 19.07 | 4.55% |
| 2022 | 18.24 | -23.65% |
| 2021 | 23.89 | 3.15% |
| 2020 | 23.16 | 17.8% |
| 2019 | 19.66 | 15.17% |
| 2018 | 17.07 | 8.04% |
| 2017 | 15.8 | -10.73% |
| 2016 | 17.7 | 14.41% |
| 2015 | 15.47 | -45.66% |
| 2014 | 28.47 | 90.95% |
GRMN's current PE ratio is higher than the 3, 5 and 10-year averages.
When compared to its peers MSI and TRMB, GRMN's PE ratio is lower, but it is higher than HON's and ISSC's. Garmin's current PE ratio of 23.22 is less than the average of its peers, which is 29.05.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ISSC Innovative Solutions & Support Inc | 17.93 | $115.85M |
| HON Honeywell International Inc | 22.28 | $126.1B |
| GRMN Garmin Ltd | 23.22 | $31.76B |
| JOUT Johnson Outdoors Inc | 24.49 | $438.19M |
| MSI Motorola Solutions Inc | 40.36 | $56.08B |
| TRMB Trimble Inc | 47.69 | $14.76B |
| CMTL Comtech Telecommunications Corp | N/A | $54.39M |
| KVHI Kvh Industries Inc | N/A | $97.84M |
The price to earnings ratio for GRMN stock is 23.22 as of May 2, 2024.
The average PE ratio for GRMN stock over the past 3 years is 20.88.
The average PE ratio for GRMN stock over the past 5 years is 20.46.
Over the last ten years, the quarterly PE ratio reached its highest level at 32.32 in the Jun 2015 quarter.
GRMN's price to earnings ratio is currently 16% above its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 2, 2024), Garmin's share price is $165.33. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $7.12. Therefore, Garmin's price to earnings ratio for today is 23.22. PE RATIO(23.22) = STOCK PRICE($165.33) / TTM EPS($7.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.