Question 1

What is Garmin's P/S ratio?

Accepted Answer

Garmin (GRMN) P/S ratio is 6.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Garmin?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Garmin specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

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

Accepted Answer

Garmin's P/S ratio of 6.1× is above its own 5-year average of 5.1× and above the sector median of 5.7×. That places the current reading at the 69th 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/S ratio range?

Accepted Answer

In the available daily series, Garmin (GRMN) P/S ratio has ranged from a low of 1.1× in 2008 to a high of 14.4× in 2005. The 5-year average is 5.1× and the 5-year median is 5.4×.

Question 7

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

Accepted Answer

Garmin (GRMN) P/S ratio at the end of 2025 was 5.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$7.25B	5.5×	-0.8×	Dec 27, 2025
2024	$39.62B	$6.30B	6.3×	+1.6×	Dec 31, 2024
2023	$24.60B	$5.23B	4.7×	+1.1×	Dec 31, 2023
2022	$17.68B	$4.86B	3.6×	-1.6×	Dec 31, 2022
2021	$26.19B	$4.98B	5.3×	-0.2×	Dec 31, 2021
2020	$22.89B	$4.19B	5.5×	+0.5×	Dec 31, 2020
2019	$18.55B	$3.76B	4.9×	+1.4×	Dec 31, 2019
2018	$11.96B	$3.35B	3.6×	-0.0×	Dec 31, 2018
2017	$11.18B	$3.09B	3.6×	+0.6×	Dec 31, 2017
2016	$9.13B	$3.02B	3.0×	+0.5×	Dec 31, 2016
2015	$7.04B	$2.82B	2.5×	-1.0×	Dec 31, 2015
2014	$10.11B	$2.87B	3.5×	+0.1×	Dec 31, 2014
2013	$9.02B	$2.63B	3.4×	+0.5×	Dec 31, 2013
2012	$7.95B	$2.72B	2.9×	+0.1×	Dec 31, 2012
2011	$7.74B	$2.76B	2.8×	+0.6×	Dec 31, 2011
2010	$6.03B	$2.69B	2.2×	+0.2×	Dec 31, 2010
2009	$6.15B	$2.95B	2.1×	+1.0×	Dec 31, 2009
2008	$3.82B	$3.49B	1.1×	-5.5×	Dec 31, 2008
2007	$21.02B	$3.18B	6.6×	-0.1×	Dec 31, 2007
2006	$11.94B	$1.77B	6.7×	-0.2×	Dec 31, 2006
2005	$7.17B	$1.03B	7.0×	-1.7×	Dec 31, 2005
2004	$6.61B	$762.55M	8.7×	-1.7×	Dec 31, 2004
2003	$5.94B	$572.99M	10.4×	+3.6×	Dec 31, 2003
2002	$3.17B	$465.14M	6.8×	+0.6×	Dec 31, 2002
2001	$2.29B	$369.12M	6.2×	—	Dec 31, 2001


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HP (HPQ)	0.3×

P/S Ratio for Garmin (GRMN)

P/S Ratio daily chart for Garmin (GRMN)

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

About P/S Ratio at Garmin (GRMN)

Garmin P/S Ratio by Year

Garmin P/S Ratio 2025: 5.5×

Garmin P/S Ratio 2024: 6.3×

Garmin P/S Ratio 2023: 4.7×

Garmin P/S Ratio 2022: 3.6×

Garmin P/S Ratio 2021: 5.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Garmin (GRMN) Key Financials

P/S Ratio daily chart for Garmin (GRMN)

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

About P/S Ratio at Garmin (GRMN)

Garmin P/S Ratio by Year

Garmin P/S Ratio 2025: 5.5×

Garmin P/S Ratio 2024: 6.3×

Garmin P/S Ratio 2023: 4.7×

Garmin P/S Ratio 2022: 3.6×

Garmin P/S Ratio 2021: 5.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Garmin's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Garmin (GRMN) Key Financials