Garmin Ltd.
GRMN
Rank in Stocks
#441
Garmin Ltd. specializes in the design, development, manufacturing, marketing,... Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
Share Price
$286.25
Market Cap
$55.20B
Change (1 day)
0.51%
Change (1 year)
14.96%
Country
CH
Trade Garmin Ltd. (GRMN)
Category
Technology
P/E ratio for Garmin Ltd. (GRMN)
P/E ratio as of October 2026 TTM: 28.69
According to Garmin Ltd. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.69. At the end of 2023 the company had a P/E ratio of 19.08.
P/E ratio history for Garmin Ltd. from 2000 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 28.69 | 0.66% |
| 2024 | 28.50 | 49.40% |
| 2023 | 19.08 | 4.52% |
| 2022 | 18.25 | -23.57% |
| 2021 | 23.88 | 3.17% |
| 2020 | 23.15 | 17.83% |
| 2019 | 19.65 | 15.07% |
| 2018 | 17.07 | 6.04% |
| 2017 | 16.10 | -10.17% |
| 2016 | 17.92 | 16.00% |
| 2015 | 15.45 | -45.84% |
| 2014 | 28.53 | 91.59% |
| 2013 | 14.89 | 3.60% |
| 2012 | 14.37 | -3.11% |
| 2011 | 14.83 | 45.02% |
| 2010 | 10.23 | 15.99% |
| 2009 | 8.82 | 59.49% |
| 2008 | 5.53 | -77.98% |
| 2007 | 25.11 | 7.39% |
| 2006 | 23.39 | 1.50% |
| 2005 | 23.04 | -28.07% |
| 2004 | 32.03 | -2.13% |
| 2003 | 32.73 | 45.07% |
| 2002 | 22.56 | 11.11% |
| 2001 | 20.30 | 7.90% |
| 2000 | 18.82 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 39.38 | 37.25% |
US
|
|
| - | - |
JP
|
|
| 51.88 | 80.83% |
TW
|
|
| 63.76 | 122.24% |
US
|
|
| 15.75 | -45.11% |
TW
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.