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GRMN Garmin PE ratio, current and historical analysis

As of Jun 20, 2024, the Garmin stock's PE ratio is 22.47. This takes into account the latest EPS of $7.12 and stock price of $159.96. The PE ratio has increased by 13% from its last 4 quarters average of 19.9.

GRMN PE ratio history

How has GRMN's PE ratio performed in the past

The PE ratio of Garmin has averaged 20.01 over the last ten years. The current price-to-earnings ratio of 22.47 is 12% 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.

Average
20.01
Median
19.21
Minimum
12.66
Maximum
32.32

Garmin PE ratio by year

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 average PE ratio chart

What is the average PE ratio of GRMN for the past years

GRMN's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
20.88
5-year avg
20.46
10-year avg
20.01
15-year avg
17.49

GRMN PE vs peers

What is GRMN's PE ratio compared to its peers

When compared to its peers HON and MSI, GRMN's PE ratio is lower, but it is higher than ISSC's. Garmin's current PE ratio of 22.47 is less than the average of its peers, which is 40.6.

Stock name PE ratio Market cap
ISSC Innovative Solutions & Support Inc 16.46 $106.54M
GRMN Garmin Ltd 22.42 $30.66B
HON Honeywell International Inc 24.75 $140.04B
TRMB Trimble Inc 43.89 $13.59B
MSI Motorola Solutions Inc 46.2 $64.19B
JOUT Johnson Outdoors Inc 71.5 $353.54M
CMTL Comtech Telecommunications Corp N/A $113.12M
KVHI Kvh Industries Inc N/A $89.51M

Frequently asked questions

What is Garmin's PE ratio?

The price to earnings ratio for GRMN stock is 22.47 as of Jun 20, 2024.

What is the 3-year average PE ratio for Garmin (GRMN)?

The average PE ratio for GRMN stock over the past 3 years is 20.88.

What is the 5-year average PE ratio for Garmin (GRMN)?

The average PE ratio for GRMN stock over the past 5 years is 20.46.

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 12% 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 (Jun 20, 2024), Garmin's share price is $159.96. 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 22.47. PE RATIO(22.47) = STOCK PRICE($159.96) / TTM EPS($7.12)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.