Back to GRMN overview

GRMN Garmin PE ratio, current and historical analysis

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.

GRMN PE ratio history

How has GRMN's PE ratio performed in the past

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.


Garmin PE ratio by year

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 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 10-year average, but it is under its 3 and 5-year averages.

3-year avg
5-year avg
10-year avg
15-year avg

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 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

Frequently asked questions

What is Garmin's PE ratio?

The price to earnings ratio for GRMN stock is 20.26 as of Sep 28, 2023.

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

The average PE ratio for GRMN stock over the past 3 years is 21.62.

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

The average PE ratio for GRMN stock over the past 5 years is 20.52.

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 2.2% 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 (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.