GRMN PE Ratio & Valuation, Is GRMN Overvalued

Historical Valuation

Garmin Ltd (GRMN) is now in the Fair zone, suggesting that its current forward PE ratio of 23.90 is considered Fairly compared with the five-year average of 23.97. The fair price of Garmin Ltd (GRMN) is between 190.85 to 253.58 according to relative valuation method.

Relative Value

Fair Zone

190.85-253.58

Current Price：232.01

Fair

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

Unlock 5-Year Valuation Change

Is Garmin Ltd (GRMN) at a historical peak or a rare bargain? Access the full 5-year trend to find out.

Unlock Now

Garmin Ltd (GRMN) has a current Price-to-Book (P/B) ratio of 4.59. Compared to its 3-year average P/B ratio of 4.39, the current P/B ratio is approximately 4.52% higher. Relative to its 5-year average P/B ratio of 4.19, the current P/B ratio is about 9.55% higher. Garmin Ltd (GRMN) has a Forward Free Cash Flow (FCF) yield of approximately 3.42%. Compared to its 3-year average FCF yield of 3.71%, the current FCF yield is approximately -7.74% lower. Relative to its 5-year average FCF yield of 3.39%, the current FCF yield is about 1.06% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for GRMN competitors is 5.79, providing a benchmark for relative valuation. Garmin Ltd Corp (GRMN.N) exhibits a P/S ratio of 5.13, which is -11.39% above the industry average. Given its robust revenue growth of 16.59%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of GRMN increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of GRMN in the past 1 year(s) is driven by Unknown.

People Also Watch

Frequently Asked Questions

Is GRMN currently overvalued or undervalued?

What is Garmin Ltd (GRMN) fair value?

GRMN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of Garmin Ltd (GRMN) is between 190.85 to 253.58 according to relative valuation method.

How does GRMN's valuation metrics compare to the industry average?

The average P/S ratio for GRMN's competitors is 5.79, providing a benchmark for relative valuation. Garmin Ltd Corp (GRMN) exhibits a P/S ratio of 5.13, which is -11.39% above the industry average. Given its robust revenue growth of 16.59%, this premium appears unsustainable.

What is the current P/B ratio for Garmin Ltd (GRMN) as of Apr 01 2026?

As of Apr 01 2026, Garmin Ltd (GRMN) has a P/B ratio of 4.59. This indicates that the market values GRMN at 4.59 times its book value.

What is the current FCF Yield for Garmin Ltd (GRMN) as of Apr 01 2026?

As of Apr 01 2026, Garmin Ltd (GRMN) has a FCF Yield of 3.42%. This means that for every dollar of Garmin Ltd's market capitalization, the company generates 3.42 cents in free cash flow.

What is the current Forward P/E ratio for Garmin Ltd (GRMN) as of Apr 01 2026?

As of Apr 01 2026, Garmin Ltd (GRMN) has a Forward P/E ratio of 23.90. This means the market is willing to pay $23.90 for every dollar of Garmin Ltd's expected earnings over the next 12 months.

What is the current Forward P/S ratio for Garmin Ltd (GRMN) as of Apr 01 2026?

As of Apr 01 2026, Garmin Ltd (GRMN) has a Forward P/S ratio of 5.21. This means the market is valuing GRMN at $5.21 for every dollar of expected revenue over the next 12 months.

GRMN Valuation