Garmin Ltd (GRMN) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices thr...
Garmin Ltd (GRMN) currently trades at a P/E ratio of 29.26 (historical range: 15.70–43.75, median: 25.20), placing it at the 76th percentile — above its historical average, P/S ratio of 7.16 (range: 3.07–8.76, 93th percentile — expensive relative to its history), EV/EBITDA of 24.96 (range: 20.21–27.46, 69th percentile).
Over the historical period (2021-09-10 to 2026-10-16), Garmin Ltd's P/E ratio has expanded by 43% over the observed period (from an average of 20.7 to 29.7).
Garmin Ltd trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 29.26 | 25.20 | 76th | above its historical average |
| P/S Ratio | 7.16 | 5.62 | 93th | expensive relative to its history |
| EV/EBITDA | 24.96 | 24.01 | 69th | above its historical average |
| FCF Yield | 2.91% | 3.19% | 37th | above its historical average |
Garmin Ltd (GRMN) Valuation & P/E History
Garmin Ltd (GRMN) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry currently trading at $284.79 with a market capitalization of $54.9 billion. This page provides historical valuation analysis for GRMN based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 29.26 is above the historical median of 25.20, placing GRMN at the 76th percentile of its valuation range. The P/S ratio of 7.16 compares to a median of 5.62.
GRMN Valuation Metrics & Historical Range
The valuation table above shows Garmin Ltd's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether GRMN is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests GRMN is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Garmin Ltd.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is GRMN Overvalued or Undervalued?
Garmin Ltd trades well above its own historical valuation range across most metrics. The overall valuation percentile of 79 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive GRMN is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full GRMN analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.GRMN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.