Garmin Ltd. GRMN

294.14 (0.90) (0.31%) as of 25 Sep
Market cap
$57.3B
P/E
30.2×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Garmin Ltd. (GRMN) EV/EBITDA

As of 25 September 2026, Garmin Ltd. (GRMN) trades at a EV/EBITDA of 23.4×. Over the past ten years it has ranged from 7.6× (October 2015) to 25.1× (December 2024); the current reading is higher than 98% of that period. That is above the Scientific & Technical Instruments industry median of 19.6× and above the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 17.6× (15.97%)
FY2024 20.9× 19.38%
FY2023 17.5× 26.10%
FY2022 13.9× (21.52%)
FY2021 17.7× (0.50%)
FY2020 17.8× 9.31%
FY2019 16.3× 34.85%
FY2018 12.1× (8.23%)
FY2017 13.2× 15.77%
FY2016 11.4× 18.21%

Quarterly

Period EV/EBITDA Change
Jun 2026 18.7× (3.73%)
Mar 2026 19.4× 10.26%
Dec 2025 17.6× (22.89%)
Sep 2025 22.8× 17.82%
42 more quarters

Against its own ten years

Low 7.6× High 25.1×
Ten-year median 15.3×
Current reading's percentile 98

EV/EBITDA against peers

Company EV/EBITDA
FTV Fortive Corporation compare 17.1×
TRMB Trimble Inc. compare 17.4×
TDY Teledyne Technologies Incorporated compare 19.0×
MKSI MKS Inc. compare 20.0×
ESE ESCO Technologies Inc. compare 22.5×
GRMN Garmin Ltd. 23.4×
CGNX Cognex Corporation compare 35.3×
KEYS Keysight Technologies Inc. compare 35.8×
COHR Coherent Corp. compare 38.9×
Scientific & Technical Instruments industry median 19.6×
Technology sector median 15.7×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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