GRMN Garmin PE ratio, current and historical analysis
As of Nov 21, 2024, the Garmin stock's PE ratio is 26.4. This takes into account the latest EPS of $7.92 and stock price of $209.11. The PE ratio has increased by 25% from its last 4 quarters average of 21.2.
GRMN PE ratio history
The PE ratio of Garmin has averaged 19.87 over the last ten years. The current price-to-earnings ratio of 26.4 is 33% 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 | 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
GRMN's current PE ratio is higher than the 3, 5 and 10-year averages.
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 26.4 is less than the average of its peers, which is 38.82.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ISSC Innovative Solutions & Support Inc | 19.66 | $130.72M |
| HON Honeywell International Inc | 25.99 | $147.01B |
| GRMN Garmin Ltd | 26.4 | $40.15B |
| MSI Motorola Solutions Inc | 52.92 | $82.7B |
| TRMB Trimble Inc | 56.69 | $17.55B |
| CMTL Comtech Telecommunications Corp | N/A | $91.22M |
| JOUT Johnson Outdoors Inc | N/A | $335M |
| KVHI Kvh Industries Inc | N/A | $105.13M |
Frequently asked questions
What is Garmin's PE ratio?
The price to earnings ratio for GRMN stock is 26.4 as of Nov 21, 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 20.22.
What is the 5-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 5 years is 20.64.
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 33% 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 21, 2024), Garmin's share price is $209.11. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.92. Therefore, Garmin's price to earnings ratio for today is 26.4. PE RATIO(26.4) = STOCK PRICE($209.11) / TTM EPS($7.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.