GRMN Garmin PE ratio, current and historical analysis

As of Apr 1, 2025, the Garmin stock's PE ratio is 29.6. This takes into account the latest EPS of $7.35 and stock price of $217.57. The PE ratio has increased by 26% from its last 4 quarters average of 23.5.

GRMN PE ratio history

How has GRMN's PE ratio performed in the past

The PE ratio of Garmin has averaged 19.63 over the last ten years. The current price-to-earnings ratio of 29.6 is 51% 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.

Today
29.6
Average
19.63
Median
19.34
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 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
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
Jun 2021 23.36 -0.09% $144.37 $6.18

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
20.58
5-year avg
21.43
10-year avg
19.63
15-year avg
18.33

GRMN PE vs peers

What is GRMN's PE ratio compared to its 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 29.6 is more than the average of its peers, which is 24.56.

Stock name PE ratio Market cap
TRMB Trimble Inc 10.84 $16.07B
ISSC Innovative Solutions & Support Inc 16.89 $112.64M
HON Honeywell International Inc 24.37 $138.73B
GRMN Garmin Ltd 29.6 $41.86B
MSI Motorola Solutions Inc 46.14 $72.78B
CMTL Comtech Telecommunications Corp N/A $45.49M
JOUT Johnson Outdoors Inc N/A $257.72M
KVHI Kvh Industries Inc N/A $102.18M

Frequently asked questions

What is Garmin's PE ratio?

The price to earnings ratio for GRMN stock is 29.6 as of Apr 1, 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 20.58.

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

The average PE ratio for GRMN stock over the past 5 years is 21.43.

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 51% 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 (Apr 1, 2025), Garmin's share price is $217.57. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $7.35. Therefore, Garmin's price to earnings ratio for today is 29.6. PE RATIO(29.6) = STOCK PRICE($217.57) / TTM EPS($7.35)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.