Valuation Garmin Ltd.

Equities

Market Closed - Nyse Other stock markets 04:00:03 2026-06-05 pm EDT			5-day change	1st Jan Change
236.57 ^USD	-2.23%		+1.13%	+16.62%

Jun. 05	Garmin Ltd. - Shareholder/Analyst Call
Jun. 05	Garmin Raises Quarterly Dividends to $1.05 a Share Through March 2027; June Quarter Dividend Payable June 26 to Shareholders of Record as of June 15	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	26,144	17,591	24,619	40,202	39,527	45,624	-	-
Change	-	-32.72%	39.95%	63.3%	-1.68%	15.43%	-	-
Enterprise Value (EV) ¹	24,298	16,138	22,650	37,702	36,789	43,007	42,561	41,729
Change	-	-33.58%	40.35%	66.45%	-2.42%	16.9%	-1.04%	-1.95%
P/E ratio	24.2x	18.2x	19.2x	28.7x	23.9x	25x	23.5x	22.4x
PBR	4.28x	2.83x	3.51x	5.16x	4.41x	4.52x	4.08x	3.59x
PEG	-	-1.8x	0.6x	3.26x	1.4x	2.4x	3.78x	4.42x
Capitalization / Revenue	5.25x	3.62x	4.71x	6.38x	5.46x	5.71x	5.22x	4.67x
EV / Revenue	4.88x	3.32x	4.33x	5.99x	5.08x	5.38x	4.87x	4.27x
EV / EBITDA	17.7x	13.5x	17.8x	21.3x	17.8x	18.6x	17x	14.9x
EV / EBIT	19.9x	15.7x	20.7x	23.7x	19.6x	20.6x	18.8x	16.6x
EV / FCF	34.5x	29.7x	19.2x	30.4x	27x	27x	24x	16.1x
FCF Yield	2.9%	3.37%	5.22%	3.29%	3.7%	3.7%	4.17%	6.22%
Dividend per Share ²	2.68	2.92	2.92	3	-	4.127	4.433	5.037
Rate of return	1.97%	3.18%	2.27%	1.43%	-	1.74%	1.87%	2.13%
EPS ²	5.61	5.04	6.71	7.3	8.59	9.48	10.07	10.58
Distribution rate	47.8%	57.9%	43.5%	41.1%	-	43.5%	44%	47.6%
Net sales ¹	4,983	4,860	5,228	6,297	7,246	7,989	8,733	9,765
EBITDA ¹	1,373	1,192	1,270	1,774	2,065	2,308	2,501	2,798
EBIT ¹	1,219	1,028	1,092	1,594	1,876	2,091	2,263	2,508
Net income ¹	1,082	973.6	1,290	1,411	1,664	1,856	2,014	2,293
Net Debt ¹	-1,846	-1,452	-1,968	-2,501	-2,738	-2,617	-3,063	-3,895
Reference price ²	135.94	91.78	128.67	209.36	205.51	236.57	236.57	236.57
Nbr of stocks (in thousands)	192,322	191,664	191,331	192,025	192,335	192,856	-	-
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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
GARMIN LTD.	24.95x	5.38x	18.63x	1.74%	45.62B
CISCO SYSTEMS, INC.	37.56x	7.82x	20.19x	1.36%	479B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	24.32x	0.97x	17.55x	1.98%	217B
ARISTA NETWORKS, INC.	46.07x	15.44x	32.35x	-.--%	194B
ZHONGJI INNOLIGHT CO., LTD.	44.46x	13.88x	34.97x	0.24%	194B
NOKIA OYJ	52.35x	3.37x	21.94x	1.15%	84.72B
CIENA CORPORATION	93.98x	10.93x	50.55x	-.--%	69.11B
MOTOROLA SOLUTIONS, INC.	30.93x	5.87x	17.19x	1.16%	68.11B
LUMENTUM HOLDINGS INC.	174.85x	22.5x	66.08x	-.--%	67.19B
ERICSSON	22.08x	1.55x	9.48x	2.56%	42.62B
Average	55.15x	8.77x	28.89x	1.02%	146.22B
Weighted average by Cap.	46.32x	8.83x	26.52x	1.02%