Garmin Ltd. GRMN
- Market cap
- $57.3B
- P/E
- 30.2×
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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 | Free account |
Against its own ten years
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)
More on GRMN
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement