GRMN
Garmin
PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: GRMN
- PE Ratio
As of Jul 31, 2026, the Garmin stock's PE ratio is 30.13. This takes into account the latest EPS of $9.75 and stock price of $293.78. The PE ratio has increased by 18% from its last 4 quarters average of 25.6.
GRMN PE ratio history
The PE ratio of Garmin has averaged 20.76 over the last ten years. The current price-to-earnings ratio of 30.13 is 45% more than the historical average. Analyzing the last ten years, GRMN's PE ratio reached its highest point in the Sep 2025 quarter at 29.43, when the price was $240.48 and the EPS was $8.17. The lowest point was recorded in the Jul 2017 quarter, when it reached 14.06 with a price of $51.03 and an EPS of $3.63.
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 |
|---|---|---|---|---|
| 2025 | 23.76 | -16.57% | $205.51 | $8.65 |
| 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 |
Garmin PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 23.85 | -6.54% | $232.51 | $9.75 |
| Mar 2026 | 25.52 | 7.41% | $230.16 | $9.02 |
| Dec 2025 | 23.76 | -19.27% | $205.51 | $8.65 |
| Sep 2025 | 29.43 | 15.28% | $240.48 | $8.17 |
| Jun 2025 | 25.53 | -8.59% | $208.36 | $8.16 |
| 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 |
GRMN Price vs fair value
GRMN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
GRMN's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
Garmin's price to earnings (P/E) of 30.13 is higher than its peers average but lower than the Technology sector and the industry average. Looking at the Technology sector average of 34.94, Garmin's price to earnings (P/E) is 14% lower.
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 30.13 is more than the average of its peers, which is 23.14.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HON Honeywell International Inc | 9.38 | $76.97B |
| ISSC Innovative Solutions & Support Inc | 19.89 | $341.57M |
| TRMB Trimble Inc | 29.84 | $13.36B |
| GRMN Garmin Ltd | 30.87 | $58.05B |
| MSI Motorola Solutions Inc | 34.75 | $72.51B |
| CMTL Comtech Telecommunications Corp | N/A | $50.04M |
| JOUT Johnson Outdoors Inc | N/A | $497.23M |
| KVHI Kvh Industries Inc | N/A | $181.33M |
Frequently asked questions
What is Garmin's PE ratio?
The price to earnings ratio for GRMN stock is 30.13 as of Jul 31, 2026.
What is the 3-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 3 years is 24.04.
What is the 5-year average PE ratio for Garmin (GRMN)?
The average PE ratio for GRMN stock over the past 5 years is 22.82.
What is the highest PE ratio for GRMN?
Within the last ten years, the current price to earnings ratio is at its peak with a value of 30.13.
How does the current PE ratio for GRMN compare to its historical average?
GRMN's price to earnings ratio is currently 45% 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 (Jul 31, 2026), Garmin's share price is $293.78. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $9.75. Therefore, Garmin's price to earnings ratio for today is 30.13. PE RATIO(30.13) = STOCK PRICE($293.78) / TTM EPS($9.75)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.