GRMN EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
GRMN's ev/ebitda is higher than 82% of the last 10 years.
EV/EBITDA History
GRMN EV/EBITDA by year
Yearly range of GRMN’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 10.6 to 25.5, averaging 16.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 17.2 | 20.0 | 24.2 | 21.2 |
| 2025 | 17.0 | 21.1 | 25.3 | 17.6 |
| 2024 | 16.9 | 21.0 | 25.5 | 21.4 |
| 2023 | 14.1 | 16.1 | 19.6 | 19.6 |
| 2022 | 11.4 | 14.1 | 17.8 | 13.6 |
| 2021 | 16.4 | 19.5 | 22.6 | 18.1 |
| 2020 | 10.6 | 16.5 | 20.8 | 18.3 |
| 2019 | 12.0 | 16.0 | 18.0 | 16.8 |
| 2018 | 12.4 | 13.7 | 15.3 | 12.4 |
| 2017 | 11.4 | 12.5 | 14.7 | 13.8 |
| 2016 | 11.5 | 12.3 | 13.1 | 11.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is GRMN EV/EBITDA High or Low Right Now?
Garmin Ltd.'s EV/EBITDA is currently 21.2, which is historically pricey relative to its 10-year historical range. The 10-year median EV/EBITDA for GRMN is approximately 16.5. See all GRMN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.