Historical Valuation
Garmin Ltd (GRMN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 23.90 is considered Undervalued compared with the five-year average of 23.60. The fair price of Garmin Ltd (GRMN) is between 218.91 to 275.29 according to relative valuation methord. Compared to the current price of 212.25 USD , Garmin Ltd is Undervalued By 3.04%.
Relative Value
Fair Zone
218.91-275.29
Current Price：212.25
3.04%
Undervalued
P/E
EV/EBITDA
EV/EBIT
P/S
P/OCF
P/FCF
1Y
3Y
5Y
Trailing
Forward
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 4.26 , the current P/B ratio is approximately 7.93% higher. Relative to its 5-year average P/B ratio of 4.17, the current P/B ratio is about 10.17% 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 3.69%, the current FCF yield is approximately -7.27% lower. Relative to its 5-year average FCF yield of 3.42% , the current FCF yield is about -0.06% lower.
P/B
Median3y
4.26
Median5y
4.17
FCF Yield
Median3y
3.69
Median5y
3.42
Competitors Valuation Multiple
AI Analysis for GRMN
The average P/S ratio for GRMN competitors is 4.92, providing a benchmark for relative valuation. Garmin Ltd Corp (GRMN.N) exhibits a P/S ratio of 5.21, which is 5.79% above the industry average. Given its robust revenue growth of 11.66%, this premium appears unsustainable.
Performance Decomposition
AI Analysis for GRMN
1Y
3Y
5Y
Market capitalization of GRMN increased by 0.00% over the past 1 year. 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 is driven by Unknown.
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Frequently Asked Questions
Is GRMN currently overvalued or undervalued?
Garmin Ltd (GRMN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 23.90 is considered Undervalued compared with the five-year average of 23.60. The fair price of Garmin Ltd (GRMN) is between 218.91 to 275.29 according to relative valuation methord. Compared to the current price of 212.25 USD , Garmin Ltd is Undervalued By 3.04% .
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 218.91 to 275.29 according to relative valuation methord.
How does GRMN's valuation metrics compare to the industry average?
The average P/S ratio for GRMN's competitors is 4.92, providing a benchmark for relative valuation. Garmin Ltd Corp (GRMN) exhibits a P/S ratio of 5.21, which is 5.79% above the industry average. Given its robust revenue growth of 11.66%, this premium appears unsustainable.
What is the current P/B ratio for Garmin Ltd (GRMN) as of Jan 10 2026?
As of Jan 10 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 Jan 10 2026?
As of Jan 10 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 Jan 10 2026?
As of Jan 10 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 Jan 10 2026?
As of Jan 10 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.