Start with its own history
At 28.66×, GRMN is 38.2% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · GRMNHardware, Equipment & PartsUpdated Nov 2, 2026
Garmin Ltd. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
28.66×
38.2% abovethe 10-year annual average
Share price277.175
÷Earnings per share9.67
Price and EPS in quote currency. Calculation details
Investors are paying 28.66 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 20.75×
3-year average23.77×3 positive annual observations
5-year average22.75×5 positive annual observations
10-year average20.75×10 positive annual observations
Peer median · TTM32.02×2 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 27, 2025 | 23.76× | -16.6% |
| Dec 28, 2024 | 28.48× | +49.4% |
| Dec 31, 2023 | 19.07× | +4.6% |
| Dec 31, 2022 | 18.24× | -24.6% |
| Dec 31, 2021 | 24.19× | +4.9% |
| Dec 31, 2020 | 23.06× | +18.4% |
| Dec 31, 2019 | 19.47× | +13.2% |
| Dec 31, 2018 | 17.21× | +6.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 16.10× | -10.0% |
| Dec 31, 2016 | 17.89× | +15.1% |
| Dec 31, 2015 | 15.55× | -44.4% |
| Dec 31, 2014 | 27.95× | +89.4% |
| Dec 31, 2013 | 14.76× | +0.7% |
| Dec 31, 2012 | 14.66× | -1.3% |
| Dec 31, 2011 | 14.85× | +42.4% |
| Dec 31, 2010 | 10.43× | +19.3% |
| Dec 31, 2009 | 8.75× | +60.1% |
| Dec 31, 2008 | 5.46× | -77.8% |
| Dec 31, 2007 | 24.56× | +5.0% |
| Dec 31, 2006 | 23.39× | +1.5% |
| Dec 31, 2005 | 23.04× | -28.0% |
| Dec 31, 2004 | 32.02× | -2.4% |
| Dec 31, 2003 | 32.82× | +47.9% |
| Dec 31, 2002 | 22.20× | +10.4% |
| Dec 31, 2001 | 20.11× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How GRMN compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 GRMN This stockGarmin Ltd. | 28.66× |
 GSATGlobalstar, Inc. | N/M |
 MSIMotorola Solutions, Inc. | 38.23× |
 TRMBTrimble Inc. | N/M |
 MBLYMobileye Global Inc. | N/M |
 HXGBYHexagon AB (publ) | 25.81× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does GRMN’s P/E tell you?
Compare like with like
The median of the 2 positive peer ratios above is 32.02×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take GRMN into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("GRMN", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 277.175 ÷ EPS 9.67 = 28.66×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
GRMN P/E ratio: common questions
The essentials behind the numbers.
Garmin Ltd.'s current P/E is 28.66× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.