Valuation Garmin Ltd.

Stocks

Market Closed - NYSE 16:01:41 2026-08-14 EDT			5-day change	1st Jan Change
310.20 ^USD	-0.55%		-0.22%	+52.92%

08-07	Tigress Financial Adjusts Price Target on Garmin to $370 From $325, Maintains Strong Buy Rating	MT
07-30	Morgan Stanley Adjusts Price Target on Garmin to $289 From $249, Maintains Equalweight Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	26,144	17,591	24,619	40,202	39,527	59,823	-	-
Change	-	-32.72%	39.95%	63.3%	-1.68%	51.35%	-	-
Enterprise Value (EV) ¹	24,298	16,138	22,650	37,702	36,789	56,977	56,570	55,741
Change	-	-33.58%	40.35%	66.45%	-2.42%	54.88%	-0.71%	-1.46%
P/E	24.2x	18.2x	19.2x	28.7x	23.9x	31x	29.1x	26.7x
PBR	4.28x	2.83x	3.51x	5.16x	4.41x	6.23x	5.52x	4.89x
PEG	-	-1.8x	0.6x	3.26x	1.4x	1.9x	4.4x	2.96x
Capitalization / Revenue	5.25x	3.62x	4.71x	6.38x	5.46x	7.39x	6.68x	6.02x
EV / Revenue	4.88x	3.32x	4.33x	5.99x	5.08x	7.03x	6.32x	5.6x
EV / EBITDA	17.7x	13.5x	17.8x	21.3x	17.8x	23.5x	21.2x	18.4x
EV / EBIT	19.9x	15.7x	20.7x	23.7x	19.6x	25.8x	23.3x	20.5x
EV / FCF	34.5x	29.7x	19.2x	30.4x	27x	37.8x	36.7x	26.1x
FCF Yield	2.9%	3.37%	5.22%	3.29%	3.7%	2.64%	2.72%	3.84%
Dividend per Share ²	2.68	2.92	2.92	3	-	4.127	4.433	4.88
Rate of return	1.97%	3.18%	2.27%	1.43%	-	1.33%	1.43%	1.57%
EPS ²	5.61	5.04	6.71	7.3	8.59	10.01	10.67	11.64
Distribution rate	47.8%	57.9%	43.5%	41.1%	-	41.2%	41.5%	41.9%
Net sales ¹	4,983	4,860	5,228	6,297	7,246	8,100	8,957	9,946
EBITDA ¹	1,373	1,192	1,270	1,774	2,065	2,421	2,664	3,029
EBIT ¹	1,219	1,028	1,092	1,594	1,876	2,207	2,426	2,725
Net income ¹	1,082	973.6	1,290	1,411	1,664	1,954	2,123	2,441
Net Debt ¹	-1,846	-1,452	-1,968	-2,501	-2,738	-2,846	-3,253	-4,082
Reference price ²	135.94	91.78	128.67	209.36	205.51	310.20	310.20	310.20
Nbr of stocks (in thousands)	192,322	191,664	191,331	192,025	192,335	192,853	-	-
Announcement Date	2/16/22	2/22/23	2/21/24	2/19/25	2/18/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
GARMIN LTD.	30.99x	7.03x	23.53x	1.33%	59.82B
CISCO SYSTEMS, INC.	34.36x	7.19x	18.58x	1.48%	440B
ARISTA NETWORKS, INC.	52.36x	18.58x	37.29x	-.--%	251B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	22.31x	0.9x	16.02x	2.08%	195B
ZHONGJI INNOLIGHT CO., LTD.	33.16x	10.45x	25.73x	0.34%	164B
LUMENTUM HOLDINGS INC.	187.5x	27.47x	80.54x	-.--%	82.06B
MOTOROLA SOLUTIONS, INC.	33.83x	6.55x	18.7x	1%	77.2B
CIENA CORPORATION	82.38x	9.6x	44.3x	-.--%	60.69B
NOKIA OYJ	44.12x	2.34x	15.21x	1.63%	59.83B
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.	17.29x	2.76x	11.87x	4.14%	47.4B
Average	53.83x	9.29x	29.18x	1.2%	143.68B
Weighted average by Cap.	46.18x	9.57x	26.79x	1.09%