Garmin (GRMN) fundamentals: P/E, valuation, undervalued?
Garmin · Consumer Discretionary · ref. ETF XLY · price $289.87
In short — Garmin trades at 29.9× earnings (P/E), 26.4× forward, with a net margin of 24.5 % and revenue growth of +11 %. Read: Cheap for the growth (P/E 26 for ~35% growth (PEG 0.7)).
Is Garmin stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$289.87+20.3% over range
Aug 28, 25low $187.1 · high $313.16Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Buy
25% recommend buying · 4 analysts
Valuation : Cheap for the growth — P/E 26 for ~35% growth (PEG 0.7)
Valuation
29.9
P/E (price/earnings)
26.4
Forward P/E
0.85
PEG
6.2
Price/book (P/B)
$55.9B
Market cap
9.71
EPS
Profitability & growth
24.5 %
Net margin
+11 %
Revenue growth
+35 %
Earnings growth
$227M
Total debt
Garmin income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $4.9B | $974M | 20.0 % |
| 2023 | $5.2B | $1.3B | 24.7 % |
| 2024 | $6.3B | $1.4B | 22.4 % |
| 2025 | $7.2B | $1.7B | 23.0 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Garmin's P/E and is the stock undervalued? What's a good P/E?
Garmin's P/E is 29.9 (forward 26.4). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is Garmin profitable?
Garmin has a net margin of 24.5 % (EPS 9.71). The company is profitable.
Is GRMN stock expensive?
Our read: "Cheap for the growth" — P/E 26 for ~35% growth (PEG 0.7). Cross-check with growth and sector.
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