As of Sep 28, 2023, the Garmin stock's PE ratio is 20.26. This takes into account the latest EPS of $5.19 and stock price of $105.15. The PE ratio has increased by 8% from its last 4 quarters average of 18.7.
The PE ratio of Garmin has averaged 19.82 over the last ten years. The current price-to-earnings ratio of 20.26 is 2.2% 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 |
|---|---|---|
| 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% |
| 2013 | 14.91 | 3.61% |
GRMN's current PE ratio is higher than the 10-year average, but it is under its 3 and 5-year averages.
When compared to its peers HON and MSI, GRMN's PE ratio is lower, but it is higher than JOUT's and KVHI's. Garmin's current PE ratio of 20.26 is less than the average of its peers, which is 22.02.
| Stock name | PE ratio | Market cap |
|---|---|---|
| KVHI Kvh Industries Inc | 3.13 | $100.8M |
| JOUT Johnson Outdoors Inc | 12.06 | $551.5M |
| GRMN Garmin Ltd | 20.31 | $20.18B |
| HON Honeywell International Inc | 22.82 | $123.48B |
| ISSC Innovative Solutions & Support Inc | 26.79 | $130.85M |
| MSI Motorola Solutions Inc | 30.05 | $45.47B |
| TRMB Trimble Inc | 38.61 | $13.42B |
| CMTL Comtech Telecommunications Corp | N/A | $240.08M |
The price to earnings ratio for GRMN stock is 20.26 as of Sep 28, 2023.
The average PE ratio for GRMN stock over the past 3 years is 21.62.
The average PE ratio for GRMN stock over the past 5 years is 20.52.
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 2.2% 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 (Sep 28, 2023), Garmin's share price is $105.15. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2023 is $5.19. Therefore, Garmin's price to earnings ratio for today is 20.26. PE RATIO(20.26) = STOCK PRICE($105.15) / TTM EPS($5.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.