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) P/B ratio

As of 25 September 2026, Garmin Ltd. (GRMN) trades at a P/B ratio of 6.3×. 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 3.0× and above the Technology sector median of 3.0×.

P/B ratio, daily

Annual

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

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 2.6×
FTV Fortive Corporation compare 2.8×
ESE ESCO Technologies Inc. compare 4.3×
COHR Coherent Corp. compare 4.7×
MKSI MKS Inc. compare 5.9×
CGNX Cognex Corporation compare 6.0×
GRMN Garmin Ltd. 6.3×
KEYS Keysight Technologies Inc. compare 9.4×
Scientific & Technical Instruments industry median 3.0×
Technology sector median 3.0×
Market median 1.8×

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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