GRMN Relative Valuation - Garmin Ltd - Alpha Spread
G

Garmin Ltd
NYSE:GRMN

Watchlist Manager
Garmin Ltd
NYSE:GRMN
Watchlist
Price: 180.17 USD -0.34% Market Closed
Market Cap: 34.7B USD
Have any thoughts about
Garmin Ltd?
Write Note

Relative Value

The Relative Value of one GRMN stock under the Base Case scenario is 106.19 USD. Compared to the current market price of 180.17 USD, Garmin Ltd is Overvalued by 41%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GRMN Relative Value
Base Case
106.19 USD
Overvaluation 41%
Relative Value
Price
G
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
Median 3Y
4.3
Median 5Y
4.6
Industry
1.1
Forward
5.7
vs History
4
vs Industry
Median 3Y
20.4
Median 5Y
20.1
Industry
16.5
Forward
29.1
vs History
31
vs Industry
Median 3Y
22.1
Median 5Y
21.1
Industry
10.5
vs History
47
vs Industry
Median 3Y
27.5
Median 5Y
25.6
Industry
16.8
vs History
4
vs Industry
Median 3Y
3.3
Median 5Y
3.6
Industry
1.5
vs History
3
vs Industry
Median 3Y
3.9
Median 5Y
4.2
Industry
1.1
Forward
5.3
vs History
3
vs Industry
Median 3Y
6.9
Median 5Y
7.1
Industry
3.7
vs History
1
vs Industry
Median 3Y
15.8
Median 5Y
15.8
Industry
10.2
Forward
22.5
vs History
1
vs Industry
Median 3Y
18.5
Median 5Y
17.8
Industry
12.8
Forward
25.9
vs History
26
vs Industry
Median 3Y
20.4
Median 5Y
19.3
Industry
10.7
vs History
47
vs Industry
Median 3Y
25.6
Median 5Y
23.3
Industry
14.3
vs History
4
vs Industry
Median 3Y
3.3
Median 5Y
3.6
Industry
1.2

Multiples Across Competitors

GRMN Competitors Multiples
Garmin Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Garmin Ltd
NYSE:GRMN
34.6B USD 6.1 25.2 22.7 25.9
JP
Sony Group Corp
TSE:6758
16.1T JPY 1.2 16.3 7.5 14.7
JP
Panasonic Holdings Corp
TSE:6752
2.9T JPY 0.3 9.1 3.7 8
KR
LG Electronics Inc
KRX:066570
18.2T KRW 0.2 16.3 3 5.7
CN
TCL Technology Group Corp
SZSE:000100
70.2B CNY 0.4 23.4 25.9 25.9
IN
Dixon Technologies (India) Ltd
NSE:DIXON
721.4B INR 3.4 166.8 90.9 114.2
JP
Sharp Corp
TSE:6753
592.3B JPY 0.3 -3.8 18.3 -42.5
JP
Nikon Corp
TSE:7731
505.2B JPY 0.7 15.4 4.8 9.4
CN
Sichuan Changhong Electric Co Ltd
SSE:600839
23.1B CNY 0.2 29.6 19.2 19.2
CN
Shenzhen MTC Co Ltd
SZSE:002429
21.1B CNY 1.1 11.9 11.7 11.7
CN
Hisense Visual Technology Co Ltd
SSE:600060
20.2B CNY 0.4 10.4 6.2 6.2

See Also

Discover More
Back to Top