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Garmin Ltd
NYSE:GRMN

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Garmin Ltd
NYSE:GRMN
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Price: 209.36 USD -0.62% Market Closed
Market Cap: 40.2B USD
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Relative Value

The Relative Value of one GRMN stock under the Base Case scenario is 117.08 USD. Compared to the current market price of 209.36 USD, Garmin Ltd is Overvalued by 44%.

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
117.08 USD
Overvaluation 44%
Relative Value
Price
G
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
Median 3Y
4.3
Median 5Y
4.7
Industry
1
Forward
6.4
vs History
3
vs Industry
Median 3Y
20.4
Median 5Y
20.4
Industry
16.9
Forward
29.5
vs History
3
vs Industry
Median 3Y
22.3
Median 5Y
21.7
Industry
11.8
vs History
23
vs Industry
Median 3Y
29
Median 5Y
26.4
Industry
17.7
vs History
3
vs Industry
Median 3Y
3.3
Median 5Y
3.7
Industry
1.5
vs History
1
vs Industry
Median 3Y
3.9
Median 5Y
4.2
Industry
1.2
Forward
6
vs History
1
vs Industry
Median 3Y
6.9
Median 5Y
7.1
Industry
3.8
vs History
1
vs Industry
Median 3Y
15.8
Median 5Y
15.8
Industry
10.3
Forward
22
vs History
1
vs Industry
Median 3Y
18.5
Median 5Y
18.4
Industry
13
Forward
24.8
vs History
3
vs Industry
Median 3Y
20.4
Median 5Y
19.9
Industry
12.1
vs History
22
vs Industry
Median 3Y
26.6
Median 5Y
24.4
Industry
15.2
vs History
3
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
40.2B USD 6.8 26.5 23.7 26.7
JP
Sony Group Corp
TSE:6758
20.6T JPY 1.6 18.4 8.7 15.6
JP
Panasonic Holdings Corp
TSE:6752
3.8T JPY 0.4 11.1 5.2 10.8
CN
TCL Technology Group Corp
SZSE:000100
96.9B CNY 0.6 45.5 261 261
IN
Dixon Technologies (India) Ltd
NSE:DIXON
1.1T INR 3.9 150.4 103 129.3
KR
LG Electronics Inc
KRX:066570
15.2T KRW 0.1 12.2 2.2 3.8
CN
Sichuan Changhong Electric Co Ltd
SSE:600839
49.8B CNY 0.5 89.9 36.4 36.4
JP
Sharp Corp
TSE:6753
649.3B JPY 0.3 -4.9 18.9 -61.2
CN
Shenzhen MTC Co Ltd
SZSE:002429
27.8B CNY 1.3 16.5 15.2 15.2
JP
Nikon Corp
TSE:7731
572.7B JPY 0.8 22.3 6.3 14.3
CN
Hisense Visual Technology Co Ltd
SSE:600060
26.3B CNY 0.5 14.8 10.3 10.3

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