GRMN Relative Valuation
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. If the market price exceeds this fair value range, GRMN is overvalued; if below, it's undervalued.
Historical Valuation
Garmin Ltd (GRMN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 23.44 is considered Undervalued compared with the five-year average of 23.57. The fair price of Garmin Ltd (GRMN) is between 208.33 to 262.33 according to relative valuation methord. Compared to the current price of 199.46 USD , Garmin Ltd is Undervalued By 4.26%.
Relative Value
Fair Zone
208.33-262.33
Current Price：199.46
4.26%
Undervalued
23.75
PE
1Y
3Y
5Y
Trailing
Forward
16.68
EV/EBITDA
Garmin Ltd. (GRMN) has a current EV/EBITDA of 16.68. The 5-year average EV/EBITDA is 16.57. The thresholds are as follows: Strongly Undervalued below 10.20, Undervalued between 10.20 and 13.38, Fairly Valued between 19.75 and 13.38, Overvalued between 19.75 and 22.94, and Strongly Overvalued above 22.94. The current Forward EV/EBITDA of 16.68 falls within the Historic Trend Line -Fairly Valued range.
18.53
EV/EBIT
Garmin Ltd. (GRMN) has a current EV/EBIT of 18.53. The 5-year average EV/EBIT is 19.19. The thresholds are as follows: Strongly Undervalued below 12.66, Undervalued between 12.66 and 15.92, Fairly Valued between 22.46 and 15.92, Overvalued between 22.46 and 25.73, and Strongly Overvalued above 25.73. The current Forward EV/EBIT of 18.53 falls within the Historic Trend Line -Fairly Valued range.
5.14
PS
Garmin Ltd. (GRMN) has a current PS of 5.14. The 5-year average PS is 4.84. The thresholds are as follows: Strongly Undervalued below 2.85, Undervalued between 2.85 and 3.85, Fairly Valued between 5.84 and 3.85, Overvalued between 5.84 and 6.83, and Strongly Overvalued above 6.83. The current Forward PS of 5.14 falls within the Historic Trend Line -Fairly Valued range.
19.23
P/OCF
Garmin Ltd. (GRMN) has a current P/OCF of 19.23. The 5-year average P/OCF is 24.47. The thresholds are as follows: Strongly Undervalued below 8.52, Undervalued between 8.52 and 16.50, Fairly Valued between 32.45 and 16.50, Overvalued between 32.45 and 40.42, and Strongly Overvalued above 40.42. The current Forward P/OCF of 19.23 falls within the Historic Trend Line -Fairly Valued range.
29.44
P/FCF
Garmin Ltd. (GRMN) has a current P/FCF of 29.44. The 5-year average P/FCF is 35.05. The thresholds are as follows: Strongly Undervalued below -1.21, Undervalued between -1.21 and 16.92, Fairly Valued between 53.18 and 16.92, Overvalued between 53.18 and 71.32, and Strongly Overvalued above 71.32. The current Forward P/FCF of 29.44 falls within the Historic Trend Line -Fairly Valued range.
Garmin Ltd (GRMN) has a current Price-to-Book (P/B) ratio of 4.53. Compared to its 3-year average P/B ratio of 4.21 , the current P/B ratio is approximately 7.60% higher. Relative to its 5-year average P/B ratio of 4.17, the current P/B ratio is about 8.65% higher. Garmin Ltd (GRMN) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 3.64%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 3.43% , the current FCF yield is about -100.00% lower.
4.59
P/B
Median3y
4.21
Median5y
4.17
3.47
FCF Yield
Median3y
3.64
Median5y
3.43
Competitors Valuation Multiple
The average P/S ratio for GRMN's competitors is 1.43, providing a benchmark for relative valuation. Garmin Ltd Corp (GRMN) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 11.66%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of GRMN decreased by 2.02% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.59B to 1.77B.
The secondary factor is the P/E Change, contributed -3.82%to the performance.
Overall, the performance of GRMN in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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