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/E ratio

As of 25 September 2026, Garmin Ltd. (GRMN) trades at a P/E ratio of 30.2×. Over the past ten years it has ranged from 11.5× (October 2015) to 32.9× (July 2015); the current reading is higher than 98% of that period. That is below the Scientific & Technical Instruments industry median of 35.9× and in line with the Technology sector median of 29.7×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 23.5× (16.32%)
FY2024 28.0× 49.25%
FY2023 18.8× 1.54%
FY2022 18.5× (23.41%)
FY2021 24.1× 4.52%
FY2020 23.1× 18.86%
FY2019 19.4× 13.25%
FY2018 17.2× 6.64%
FY2017 16.1× (11.67%)
FY2016 18.2× 17.63%

Quarterly

Period P/E ratio Change
Jun 2026 24.4× (5.28%)
Mar 2026 25.7× 9.68%
Dec 2025 23.5× (22.19%)
Sep 2025 30.1× 17.82%
42 more quarters

Against its own ten years

Low 11.5× High 32.9×
Ten-year median 20.5×
Current reading's percentile 98

P/E ratio against peers

Company P/E ratio
TRMB Trimble Inc. compare n/m
ESE ESCO Technologies Inc. compare 22.1×
TDY Teledyne Technologies Incorporated compare 29.7×
GRMN Garmin Ltd. 30.2×
FTV Fortive Corporation compare 32.6×
MKSI MKS Inc. compare 39.9×
KEYS Keysight Technologies Inc. compare 49.3×
CGNX Cognex Corporation compare 55.9×
COHR Coherent Corp. compare 68.0×
Scientific & Technical Instruments industry median 35.9×
Technology sector median 29.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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