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Saturday 17 October 2026 Export GRMN’s income statement to Excel — free account

Garmin Ltd.

GRMN Technology Scientific & Technical Instruments

Garmin Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 15.1% from fiscal 2024. In the quarter to June 2026, revenue grew 11.4%, EPS grew 35.1% and free cash flow grew 116.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.

285.30 0.08 +0.03%
Market cap
$55.0B
P/E
29.3×
Fwd P/E
25.0×
Dividend yield
2.10%
F-score
7/9
Altman Z
14.19
Beneish M
−2.24
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Garmin Ltd. (GRMN) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Garmin Ltd. (GRMN) trades at a P/B ratio of 6.1×. Over the past ten years it has ranged from 1.8× (January 2016) to 6.7× (August 2026); the current reading is higher than 99% of that period. That is above the Scientific & Technical Instruments industry median of 2.9× and above the Technology sector median of 2.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.4× (13.79%)
FY2024 5.0× 46.11%
FY2023 3.5× 18.96%
FY2022 2.9× (32.16%)
FY2021 4.3× 3.25%
FY2020 4.1× 7.23%
FY2019 3.9× 34.73%
FY2018 2.9× (1.16%)
FY2017 2.9× 6.83%
FY2016 2.7× 28.29%

Quarterly newest first

Period P/B ratio Change
Jun 2026 5.1× 5.22%
Mar 2026 4.8× 10.81%
Dec 2025 4.4× (22.15%)
Sep 2025 5.6× 13.02%
42 more quarters

Against its own ten years

Low 1.8× High 6.7×
Ten-year median 3.4×
Current reading's percentile 99

P/B ratio against peers

Company P/B ratio
TDY Teledyne Technologies Incorporated compare 2.6×
TRMB Trimble Inc. compare 2.7×
FTV Fortive Corporation compare 2.9×
COHR Coherent Corp. compare 3.7×
ESE ESCO Technologies Inc. compare 4.0×
MKSI MKS Inc. compare 4.9×
CGNX Cognex Corporation compare 5.6×
GRMN Garmin Ltd. 6.1×
KEYS Keysight Technologies Inc. compare 8.6×
Scientific & Technical Instruments industry median 2.9×
Technology sector median 2.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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