P/E ratio for Garmin (GRMN)
P/E ratio as of May 2024 (TTM): 31.2
According to Garmin's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.2463. At the end of 2022 the company had a P/E ratio of 18.2.
P/E ratio history for Garmin from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.2 | -24.46% |
| 2021 | 24.1 | 4.52% |
| 2020 | 23.1 | 18.86% |
| 2019 | 19.4 | 13.25% |
| 2018 | 17.2 | 8.31% |
| 2017 | 15.8 | -11.78% |
| 2016 | 18.0 | 15.96% |
| 2015 | 15.5 | -44.59% |
| 2014 | 28.0 | 89.42% |
| 2013 | 14.8 | 0.67% |
| 2012 | 14.7 | -1.69% |
| 2011 | 14.9 | 44.34% |
| 2010 | 10.3 | 18.11% |
| 2009 | 8.75 | 60.15% |
| 2008 | 5.46 | -77.76% |
| 2007 | 24.6 | -3.71% |
| 2006 | 25.5 | -15.97% |
| 2005 | 30.3 | -13.21% |
| 2004 | 35.0 | -6.3% |
| 2003 | 37.3 | 53.46% |
| 2002 | 24.3 | 19.75% |
| 2001 | 20.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Honeywell HON | 25.4 | -18.76% | 🇺🇸 USA |
 Motorola Solutions
MSI | 36.0 | 15.30% | 🇺🇸 USA |
 Trimble TRMB | 42.4 | 35.72% | 🇺🇸 USA |
 KVH Industries
KVHI | 3.04 | -90.26% | 🇺🇸 USA |
 Johnson Outdoors
JOUT | 8.43 | -73.01% | 🇺🇸 USA |
 Comtech Telecommunications CMTL | -1.57 | -105.03% | 🇺🇸 USA |
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.