GRMN Garmin PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: GRMN
- PE Ratio
As of Nov 5, 2025, the Garmin stock's PE ratio is 25.15. This takes into account the latest EPS of $8.17 and stock price of $205.48. The PE ratio has decreased by 10% from its last 4 quarters average of 27.8.
GRMN PE ratio history
The PE ratio of Garmin has averaged 20.09 over the last ten years. The current price-to-earnings ratio of 25.15 is 25% more than the historical average. Analyzing the last ten years, GRMN's PE ratio reached its highest point in the Sep 2025 quarter at 29.43, when the price was $240.48 and the EPS was $8.17. The lowest point was recorded in the Jul 2017 quarter, when it reached 14.06 with a price of $51.03 and an EPS of $3.63.
Garmin PE ratio by year
Maximum annual increase: 90.95% in 2014
Maximum annual decrease: -45.66% in 2015
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 28.48 | 49.34% | $209.36 | $7.35 |
| 2023 | 19.07 | 4.55% | $128.54 | $6.74 |
| 2022 | 18.24 | -23.65% | $92.29 | $5.06 |
| 2021 | 23.89 | 3.15% | $134.48 | $5.63 |
| 2020 | 23.16 | 17.8% | $120.21 | $5.19 |
| 2019 | 19.66 | 15.17% | $98.52 | $5.01 |
| 2018 | 17.07 | 8.04% | $62.82 | $3.68 |
| 2017 | 15.8 | -10.73% | $59.57 | $3.77 |
| 2016 | 17.7 | 14.41% | $48.49 | $2.74 |
| 2015 | 15.47 | -45.66% | $36.98 | $2.39 |
| 2014 | 28.47 | 90.95% | $53.81 | $1.89 |
| 2013 | 14.91 | 3.61% | $46.67 | $3.13 |
| 2012 | 14.39 | -3.1% | $40 | $2.78 |
| 2011 | 14.85 | 45.3% | $39.81 | $2.68 |
| 2010 | 10.22 | 15.74% | $30.36 | $2.97 |
Garmin PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 29.43 | 15.28% | $240.48 | $8.17 |
| Jun 2025 | 25.53 | -8.59% | $208.36 | $8.16 |
| Mar 2025 | 27.93 | -1.93% | $213.66 | $7.65 |
| Dec 2024 | 28.48 | 29.63% | $209.36 | $7.35 |
| Sep 2024 | 21.97 | -3.17% | $173.99 | $7.92 |
| Jun 2024 | 22.69 | 8.51% | $162.92 | $7.18 |
| Mar 2024 | 20.91 | 9.65% | $148.87 | $7.12 |
| Dec 2023 | 19.07 | -1.4% | $128.54 | $6.74 |
| Sep 2023 | 19.34 | -3.73% | $105.2 | $5.44 |
| Jul 2023 | 20.09 | -0.05% | $104.29 | $5.19 |
| Apr 2023 | 20.1 | 10.2% | $100.92 | $5.02 |
| Dec 2022 | 18.24 | 10.61% | $92.29 | $5.06 |
| Sep 2022 | 16.49 | -13.03% | $82.77 | $5.02 |
| Jun 2022 | 18.96 | -9.06% | $100.13 | $5.28 |
| Mar 2022 | 20.85 | -12.72% | $116.57 | $5.59 |
GRMN Price vs fair value
GRMN average PE ratio chart
GRMN's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
Garmin's price to earnings (P/E) of 25.15 is lower than the Technology sector, the industry and its peers average. Looking at the Technology sector average of 32.57, Garmin's price to earnings (P/E) is 23% lower.
GRMN PE vs peers
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 25.15 is less than the average of its peers, which is 33.47.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ISSC Innovative Solutions & Support Inc | 13.77 | $160.24M |
| HON Honeywell International Inc | 20.57 | $124.6B |
| GRMN Garmin Ltd | 25.06 | $39.38B |
| MSI Motorola Solutions Inc | 30.82 | $65.14B |
| TRMB Trimble Inc | 68.14 | $19.14B |
| CMTL Comtech Telecommunications Corp | N/A | $86.13M |
| JOUT Johnson Outdoors Inc | N/A | $414.58M |
| KVHI Kvh Industries Inc | N/A | $113.91M |
Frequently asked questions
What is Garmin's PE ratio?
The price to earnings ratio for GRMN stock is 25.15 as of Nov 5, 2025.
What is the 3-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 3 years is 22.82.
What is the 5-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 5 years is 22.66.
What is the highest PE ratio for GRMN?
Over the last ten years, the quarterly PE ratio reached its highest level at 29.43 in the Sep 2025 quarter.
How does the current PE ratio for GRMN compare to its historical average?
GRMN's price to earnings ratio is currently 25% above its 10-year historical average.
How is GRMN's PE ratio calculated (Garmin PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Nov 5, 2025), Garmin's share price is $205.48. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $8.17. Therefore, Garmin's price to earnings ratio for today is 25.15. PE RATIO(25.15) = STOCK PRICE($205.48) / TTM EPS($8.17)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.