Valuation Garmin Ltd.

Equities

Market Closed - Nyse Other stock markets 21:00:02 06/02/2026 GMT			5-day change	1st Jan Change
202.33 ^USD	+1.83%		+0.34%	-0.26%

02-03	Garmin Ltd. Unveils Varia Rearvue 820	CI
01-20	Garmin Tees Up Approach J1, the First Gps Watch Specifically Designed for Junior Golfers	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	23,088	26,110	17,298	24,636	40,202	38,915	38,915	-
Change	-	13.09%	-33.75%	42.42%	63.19%	-3.2%	0%	-
Enterprise Value (EV) ¹	21,242	24,264	15,845	22,668	37,702	36,447	36,109	35,525
Change	-	14.22%	-34.7%	43.06%	66.32%	-3.33%	-0.93%	-1.62%
P/E ratio	23.4x	24.2x	17.9x	19.2x	28.7x	24.3x	22.8x	20.7x
PBR	4.19x	4.28x	2.79x	3.51x	5.16x	4.45x	4.04x	3.65x
PEG	-	2.84x	-1.8x	0.6x	3.26x	1.7x	3.58x	2x
Capitalization / Revenue	5.51x	5.24x	3.56x	4.71x	6.38x	5.45x	5.08x	4.67x
EV / Revenue	5.07x	4.87x	3.26x	4.34x	5.99x	5.11x	4.72x	4.26x
EV / EBITDA	18x	17.7x	13.3x	17.9x	21.3x	18.2x	16.7x	15.1x
EV / EBIT	20.1x	19.9x	15.4x	20.8x	23.7x	20.3x	18.6x	17x
EV / FCF	22.4x	34.4x	29.1x	19.2x	30.4x	25.1x	23.8x	20.3x
FCF Yield	4.47%	2.9%	3.43%	5.22%	3.29%	3.98%	4.2%	4.94%
Dividend per Share ²	2.44	2.68	2.92	2.92	3	3.502	3.67	4.15
Rate of return	2.02%	1.97%	3.24%	2.27%	1.43%	1.73%	1.81%	2.05%
EPS ²	5.17	5.61	5.04	6.71	7.3	8.333	8.864	9.76
Distribution rate	47.2%	47.8%	57.9%	43.5%	41.1%	42%	41.4%	42.5%
Net sales ¹	4,187	4,983	4,860	5,228	6,297	7,136	7,658	8,330
EBITDA ¹	1,181	1,373	1,192	1,270	1,774	2,000	2,167	2,358
EBIT ¹	1,054	1,219	1,028	1,092	1,594	1,799	1,940	2,088
Net income ¹	992.3	1,082	973.6	1,290	1,411	1,602	1,705	1,853
Net Debt ¹	-1,846	-1,846	-1,452	-1,968	-2,501	-2,468	-2,806	-3,390
Reference price ²	120.73	135.76	90.25	128.76	209.36	202.33	202.33	202.33
Nbr of stocks (in thousands)	191,237	192,322	191,664	191,331	192,025	192,335	192,335	-
Announcement Date	17/02/21	16/02/22	22/02/23	21/02/24	19/02/25	-	-	-

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.	24.28x	5.11x	18.22x	1.73%	38.92B
CISCO SYSTEMS, INC.	28.7x	5.69x	14.73x	1.95%	335B
ARISTA NETWORKS, INC.	51.22x	18.33x	37.41x	-.--%	173B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	30.9x	1.15x	22.22x	1.79%	156B
ZHONGJI INNOLIGHT CO., LTD.	56.87x	15.84x	44.46x	0.24%	86.47B
MOTOROLA SOLUTIONS, INC.	33.6x	6.72x	20.68x	1.06%	70.32B
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.	21.84x	2.73x	14.84x	2.51%	43.11B
LUMENTUM HOLDINGS INC.	131.59x	14.32x	44.93x	-.--%	39.41B
NOKIA OYJ	38.45x	1.5x	10.69x	2.4%	38.93B
CIENA CORPORATION	79.76x	6.53x	34.3x	-.--%	38.22B
Average	49.72x	7.79x	26.25x	1.17%	101.93B
Weighted average by Cap.	41.40x	8.13x	24.54x	1.27%