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) Price to free cash flow

As of 25 September 2026, Garmin Ltd. (GRMN) trades at a price to free cash flow of 35.5×. Over the past ten years it has ranged from 14.7× (January 2017) to 65.8× (December 2022); the current reading is higher than 85% of that period. That is above the Scientific & Technical Instruments industry median of 25.0× and above the Technology sector median of 19.8×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 28.7× (10.44%)
FY2024 32.1× 56.10%
FY2023 20.5× (38.18%)
FY2022 33.2× (10.73%)
FY2021 37.2× 54.65%
FY2020 24.1× (24.82%)
FY2019 32.0× 103.95%
FY2018 15.7× (28.50%)
FY2017 22.0× 44.15%
FY2016 15.2× (56.16%)

Quarterly

Period Price to free cash flow Change
Jun 2026 28.7× (7.05%)
Mar 2026 30.9× 7.49%
Dec 2025 28.7× (19.46%)
Sep 2025 35.7× (0.32%)
42 more quarters

Against its own ten years

Low 14.7× High 65.8×
Ten-year median 25.8×
Current reading's percentile 85

Price to free cash flow against peers

Company Price to free cash flow
COHR Coherent Corp. compare n/m
TRMB Trimble Inc. compare 17.6×
FTV Fortive Corporation compare 18.2×
TDY Teledyne Technologies Incorporated compare 24.9×
ESE ESCO Technologies Inc. compare 35.3×
GRMN Garmin Ltd. 35.5×
CGNX Cognex Corporation compare 37.1×
MKSI MKS Inc. compare 38.5×
KEYS Keysight Technologies Inc. compare 41.5×
Scientific & Technical Instruments industry median 25.0×
Technology sector median 19.8×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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