Garmin Ltd. GRMN
- Market cap
- $57.3B
- P/E
- 30.2×
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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 | Free account |
Against its own ten years
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)))
More on GRMN
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement