GRMN
Garmin
PEG ratio, current and historical analysis
- Stocks
- Technology
- NYSE: GRMN
- PEG Ratio
Garmin is trading with a PEG ratio of 1.46, based on Jun 23, 2026 data. Dividing the 26.21 PE ratio by the 17.9% earnings growth rate yields this valuation metric. Relative to the 3.46 average from the past 4 quarters, the PEG ratio has shrunk by 58%.
GRMN PEG ratio history
Historically, Garmin maintains a PEG ratio averaging 2.05 across the past ten years. At 1.46, today's PEG ratio sits 29% lower than its historical average. The ten years high occurred in the Mar 2022 quarter at 11.58, reflecting maximum valuation relative to growth. The minimum was hit in the Jun 2016 quarter at 0.18, indicating optimal value relative to growth during that period.
Garmin PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.34 | 23.76 | 17.7% |
| 2024 | 3.13 | 28.48 | 9.1% |
| 2023 | 0.57 | 19.07 | 33.2% |
| 2022 | N/A | 18.24 | -10.1% |
| 2021 | 2.81 | 23.89 | 8.5% |
| 2020 | 6.43 | 23.16 | 3.6% |
| 2019 | 0.54 | 19.66 | 36.1% |
| 2018 | N/A | 17.07 | -2.4% |
| 2017 | 0.42 | 15.8 | 37.6% |
| 2016 | 1.21 | 17.7 | 14.6% |
| 2015 | 0.58 | 15.47 | 26.5% |
| 2014 | N/A | 28.47 | -39.6% |
| 2013 | 1.18 | 14.91 | 12.6% |
| 2012 | 3.89 | 14.39 | 3.7% |
| 2011 | N/A | 14.85 | -9.8% |
Garmin PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 1.43 | 25.52 | 17.9% |
| Dec 2025 | 1.34 | 23.76 | 17.7% |
| Sep 2025 | 9.2 | 29.43 | 3.2% |
| Jun 2025 | 1.88 | 25.53 | 13.6% |
| Mar 2025 | 3.77 | 27.93 | 7.4% |
| Dec 2024 | 3.13 | 28.48 | 9.1% |
| Sep 2024 | 0.48 | 21.97 | 45.6% |
| Jun 2024 | 0.59 | 22.69 | 38.3% |
| Mar 2024 | 0.5 | 20.91 | 41.8% |
| Dec 2023 | 0.57 | 19.07 | 33.2% |
| Sep 2023 | 2.3 | 19.34 | 8.4% |
| Jul 2023 | N/A | 20.09 | -1.7% |
| Apr 2023 | N/A | 20.1 | -10.2% |
| Dec 2022 | N/A | 18.24 | -10.1% |
| Sep 2022 | N/A | 16.49 | -14.8% |
GRMN average PEG ratio chart
Measured against past performance, GRMN's PEG ratio comes in under the 3, 5 and 10-year averages.
PEG comparison
Garmin's PEG of 1.46 is above the Technology sector and the industry average. In comparison with its Technology sector average of 0.74, Garmin's PEG is 97% higher.
GRMN EPS growth
GRMN Price vs fair value
GRMN PEG vs peers
Relative to its peers, GRMN's PEG ratio is below MSI's but above ISSC's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| ISSC Innovative Solutions & Support Inc | 0.3 | $293.26M |
| GRMN Garmin Ltd | 1.46 | $45.59B |
| MSI Motorola Solutions Inc | 11.92 | $64.65B |
| TRMB Trimble Inc | N/A | $11.47B |
| CMTL Comtech Telecommunications Corp | N/A | $71.61M |
| JOUT Johnson Outdoors Inc | N/A | $477.44M |
| KVHI Kvh Industries Inc | N/A | $180.55M |
| HON Honeywell International Inc | N/A | $140.91B |
Frequently asked questions
What is Garmin's PEG ratio?
GRMN's Jun 23, 2026 PEG ratio comes in at 1.46.
What is the 3-year average PEG ratio for Garmin (GRMN)?
GRMN's 3-year PEG ratio average comes in at 2.29.
What is the 5-year average PEG ratio for Garmin (GRMN)?
GRMN's 5-year PEG ratio average comes in at 2.88.
What is the highest PEG ratio for GRMN?
In the last ten years, GRMN's peak PEG ratio of 11.58 was recorded in the Mar 2022 quarter.
How does the current PEG ratio for GRMN compare to its historical average?
Compared to the 10-year average, GRMN's PEG ratio is 29% lower.
How is GRMN's PEG ratio calculated (Garmin PEG ratio formula)?
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth rate (YoY TTM). As of Jun 23, 2026, Garmin carries a P/E ratio of 26.21. Earnings grew at 17.9% over the TTM period ending Mar 2026. Applying the formula, this yields a price to earnings growth ratio of 1.46. PEG RATIO(1.46) = PE RATIO(26.21) / EPS GROWTH(17.9%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.