Question 1

What is Garmin's P/E ratio?

Accepted Answer

Garmin (GRMN) P/E ratio is 26.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Garmin?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Garmin specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is Garmin's P/E ratio high or low?

Accepted Answer

Garmin's P/E ratio of 26.4× is above its own 5-year average of 22.8× and below the sector median of 29.6×. That places the current reading at the 72th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Garmin's historical P/E ratio range?

Accepted Answer

In the available daily series, Garmin (GRMN) P/E ratio has ranged from a low of 5.2× in 2008 to a high of 49.4× in 2005. The 5-year average is 22.8× and the 5-year median is 22.4×.

Question 7

What was Garmin's P/E ratio in 2025?

Accepted Answer

Garmin (GRMN) P/E ratio at the end of 2025 was 23.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Garmin's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$39.53B	$1.66B	23.8×	-4.3×	Dec 27, 2025
2024	$39.62B	$1.41B	28.1×	+9.0×	Dec 31, 2024
2023	$24.60B	$1.29B	19.1×	+0.9×	Dec 31, 2023
2022	$17.68B	$973.59M	18.2×	-6.0×	Dec 31, 2022
2021	$26.19B	$1.08B	24.2×	+1.1×	Dec 31, 2021
2020	$22.89B	$992.33M	23.1×	+3.6×	Dec 31, 2020
2019	$18.55B	$952.49M	19.5×	+2.2×	Dec 31, 2019
2018	$11.96B	$694.08M	17.2×	+1.4×	Dec 31, 2018
2017	$11.18B	$705.24M	15.8×	-2.0×	Dec 31, 2017
2016	$9.13B	$510.81M	17.9×	+2.4×	Dec 31, 2016
2015	$7.04B	$456.23M	15.4×	-12.3×	Dec 31, 2015
2014	$10.11B	$364.21M	27.8×	+13.0×	Dec 31, 2014
2013	$9.02B	$612.41M	14.7×	+0.1×	Dec 31, 2013
2012	$7.95B	$542.40M	14.7×	-0.2×	Dec 31, 2012
2011	$7.74B	$520.90M	14.9×	+4.5×	Dec 31, 2011
2010	$6.03B	$584.60M	10.3×	+1.6×	Dec 31, 2010
2009	$6.15B	$703.95M	8.7×	+3.5×	Dec 31, 2009
2008	$3.82B	$732.85M	5.2×	-19.4×	Dec 31, 2008
2007	$21.02B	$855.01M	24.6×	+1.4×	Dec 31, 2007
2006	$11.94B	$514.13M	23.2×	+0.2×	Dec 31, 2006
2005	$7.17B	$311.22M	23.0×	-9.1×	Dec 31, 2005
2004	$6.61B	$205.70M	32.1×	-1.2×	Dec 31, 2004
2003	$5.94B	$178.63M	33.3×	+11.1×	Dec 31, 2003
2002	$3.17B	$142.80M	22.2×	+2.0×	Dec 31, 2002
2001	$2.29B	$113.45M	20.2×	—	Dec 31, 2001


NXP Semiconductors (NXPI)	17.9×
Uber (UBER)	17.3×
Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×

P/E Ratio for Garmin (GRMN)

P/E Ratio daily chart for Garmin (GRMN)

Historical P/E Ratio for Garmin (GRMN) from 2001 to 2025

About P/E Ratio at Garmin (GRMN)

Garmin P/E Ratio by Year

Garmin P/E Ratio 2025: 23.8×

Garmin P/E Ratio 2024: 28.1×

Garmin P/E Ratio 2023: 19.1×

Garmin P/E Ratio 2022: 18.2×

Garmin P/E Ratio 2021: 24.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Garmin (GRMN) Key Financials

P/E Ratio daily chart for Garmin (GRMN)

Historical P/E Ratio for Garmin (GRMN) from 2001 to 2025

About P/E Ratio at Garmin (GRMN)

Garmin P/E Ratio by Year

Garmin P/E Ratio 2025: 23.8×

Garmin P/E Ratio 2024: 28.1×

Garmin P/E Ratio 2023: 19.1×

Garmin P/E Ratio 2022: 18.2×

Garmin P/E Ratio 2021: 24.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Garmin's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Garmin?

+Is Garmin's P/E ratio high or low?

+What is Garmin's historical P/E ratio range?

+What was Garmin's P/E ratio in 2025?

+Why does Garmin's P/E ratio change over time?

Garmin (GRMN) Key Financials