Saturday 7 November 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.

Revenue: +12.2%
EPS: +34.4%
Free cash flow: −31.0%

Quarter to September 2026, against a year earlier

285.57 0.83 −0.29%

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Market cap: $55.2B
P/E: 27.2×
Fwd P/E: 26.5×
Dividend yield: 1.37%
F-score: 7/9
Altman Z: 14.19
Beneish M: −2.24
Dividend safety: 96/100

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Garmin Ltd. (GRMN) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Garmin Ltd. (GRMN) trades at a P/B ratio of 5.8×. Over the past ten years it has ranged from 1.8× (January 2016) to 6.7× (August 2026); the current reading is higher than 97% of that period. That is above the Scientific & Technical Instruments industry median of 3.1× and above the Technology sector median of 2.5×.

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<iframe src="https://stockrow.com/embed/GRMN/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Garmin Ltd. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/GRMN/metrics/pb-ratio">Garmin Ltd. (GRMN) P/B ratio — stockrow.com</a></p>

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%

Period	P/B ratio	Change
Sep 2026	5.8×	14.17%
Jun 2026	5.1×	5.22%
Mar 2026	4.8×	10.81%
Dec 2025	4.4×	(22.15%)
43 more quarters	Free account

Against its own ten years

Low 1.8× High 6.7×

Ten-year median 3.4×

Current reading's percentile 97

Company	P/B ratio
TRMB Trimble Inc. compare	2.5×
TDY Teledyne Technologies Incorporated compare	2.6×
COHR Coherent Corp. compare	3.3×
FTV Fortive Corporation compare	3.3×
ESE ESCO Technologies Inc. compare	3.7×
MKSI MKS Inc. compare	4.0×
CGNX Cognex Corporation compare	4.6×
GRMN Garmin Ltd.	5.8×
KEYS Keysight Technologies Inc. compare	7.1×
Scientific & Technical Instruments industry median	3.1×
Technology sector median	2.5×
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 →

Garmin Ltd. (GRMN) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on GRMN

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on GRMN

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