Is Garmin Ltd. (GRMN) Undervalued?
Based on the current stock price of $205.51 and a P/E ratio of 25.31,Garmin Ltd. has a PEG ratio of 2.37.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.37, GRMN appears to be potentially overvalued relative to its growth rate of 10.70%.
Based on a PEG ratio of 2.03 (adjusted for dividends).
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How we analyzed GRMN
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 25.31and dividing it by the annual growth rate of 10.70%.
PEG = 25.31 (P/E) ÷ 10.70 (Growth) = 2.37
Frequently Asked Questions about GRMN
What is the current PEG Ratio for Garmin Ltd. (GRMN)?+
The current PEG Ratio for Garmin Ltd. is 2.37. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is GRMN stock undervalued right now?+
Based on the PEG ratio of 2.37, Garmin Ltd. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for GRMN?+
The PEGY ratio for Garmin Ltd. is 2.03. This metric accounts for dividend yield (1.75%), providing a more complete valuation picture.