GRMN Garmin PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: GRMN
- PE Ratio
As of May 16, 2025, the Garmin stock's PE ratio is 26.83. This takes into account the latest EPS of $7.65 and stock price of $205.28. The PE ratio has increased by 6% from its last 4 quarters average of 25.3.
GRMN PE ratio history
The PE ratio of Garmin has averaged 19.84 over the last ten years. The current price-to-earnings ratio of 26.83 is 35% 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.
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 |
|---|---|---|---|---|
| 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 |
| Dec 2021 | 23.89 | -18.49% | $134.48 | $5.63 |
| Sep 2021 | 29.31 | 25.47% | $172.62 | $5.89 |
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.
GRMN PE vs peers
When compared to its peer MSI, GRMN's PE ratio is lower, but it is higher than HON's and TRMB's. Garmin's current PE ratio of 26.83 is more than the average of its peers, which is 24.26.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TRMB Trimble Inc | 11.63 | $17.15B |
| ISSC Innovative Solutions & Support Inc | 25.29 | $168.61M |
| HON Honeywell International Inc | 25.47 | $143.24B |
| GRMN Garmin Ltd | 26.83 | $39.52B |
| MSI Motorola Solutions Inc | 34.63 | $70.8B |
| CMTL Comtech Telecommunications Corp | N/A | $53.41M |
| JOUT Johnson Outdoors Inc | N/A | $284.9M |
| KVHI Kvh Industries Inc | N/A | $101.72M |
Frequently asked questions
What is Garmin's PE ratio?
The price to earnings ratio for GRMN stock is 26.83 as of May 16, 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 21.19.
What is the 5-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 5 years is 21.76.
What is the highest PE ratio for GRMN?
Over the last ten years, the quarterly PE ratio reached its highest level at 32.32 in the Jun 2015 quarter.
How does the current PE ratio for GRMN compare to its historical average?
GRMN's price to earnings ratio is currently 35% 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 (May 16, 2025), Garmin's share price is $205.28. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.65. Therefore, Garmin's price to earnings ratio for today is 26.83. PE RATIO(26.83) = STOCK PRICE($205.28) / TTM EPS($7.65)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.