Garmin Ltd (NYSE:GRMN) — Market Cap & Net Worth
Market Cap & Net Worth: Garmin Ltd (GRMN)
Garmin Ltd (NYSE:GRMN) has a market capitalization of $45.31 Billion ($45.31 Billion) as of June 17, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #600 globally and #294 in its home market, demonstrating a -0.11% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Garmin Ltd's stock price $234.96 by its total outstanding shares 192856206 (192.86 Million). Review Garmin Ltd (GRMN) financial obligations to assess the company's total debt and financial obligations.
Garmin Ltd Market Cap History: 2015 to 2026
Garmin Ltd's market capitalization history from 2015 to 2026. Data shows growth from $5.54 Billion to $45.31 Billion (22.95% CAGR).
Index Memberships
Garmin Ltd is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
S&P 500 Index
GSPC
|
$62.23 Trillion | 0.06% | #226 of 503 |
Weight: Garmin Ltd's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Garmin Ltd Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Garmin Ltd's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
5.40x
Garmin Ltd's market cap is 5.40 times its annual revenue
Latest Price to Earnings (P/E) Ratio
23.51x
Garmin Ltd's market cap is 23.51 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $7.57 Billion | $3.02 Billion | $510.81 Million | 2.51x | 14.82x |
| 2017 | $9.66 Billion | $3.09 Billion | $694.96 Million | 3.13x | 13.90x |
| 2018 | $10.61 Billion | $3.35 Billion | $694.08 Million | 3.17x | 15.28x |
| 2019 | $16.77 Billion | $3.76 Billion | $952.49 Million | 4.46x | 17.61x |
| 2020 | $21.11 Billion | $4.19 Billion | $992.32 Million | 5.04x | 21.27x |
| 2021 | $24.47 Billion | $4.98 Billion | $1.08 Billion | 4.91x | 22.61x |
| 2022 | $17.08 Billion | $4.86 Billion | $973.59 Million | 3.52x | 17.55x |
| 2023 | $24.45 Billion | $5.23 Billion | $1.29 Billion | 4.68x | 18.96x |
| 2024 | $39.78 Billion | $6.30 Billion | $1.41 Billion | 6.32x | 28.18x |
| 2025 | $39.12 Billion | $7.25 Billion | $1.66 Billion | 5.40x | 23.51x |
Competitor Companies of GRMN by Market Capitalization
Companies near Garmin Ltd in the global market cap rankings as of June 17, 2026.
Key companies related to Garmin Ltd by market ranking:
- Coherent Inc (NYSE:COHR): Ranked #428 globally with a market cap of $65.59 Billion USD.
- Garmin Ltd (F:GEY): Ranked #702 globally with a market cap of $39.27 Billion USD ( €33.59 Billion EUR).
- Keysight Technologies Inc (NYSE:KEYS): Ranked #764 globally with a market cap of $35.96 Billion USD.
- Chroma ATE Inc (TW:2360): Ranked #881 globally with a market cap of $30.77 Billion USD ( NT$976.65 Billion TWD).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #428 | Coherent Inc | NYSE:COHR | $65.59 Billion | $382.81 |
| #702 | Garmin Ltd | F:GEY | $39.27 Billion | €203.20 |
| #764 | Keysight Technologies Inc | NYSE:KEYS | $35.96 Billion | $350.29 |
| #881 | Chroma ATE Inc | TW:2360 | $30.77 Billion | NT$2305.50 |
Garmin Ltd Historical Marketcap From 2015 to 2026
Between 2015 and today, Garmin Ltd's market cap moved from $5.54 Billion to $ 45.31 Billion, with a yearly change of 22.95%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $45.31 Billion | +15.83% |
| 2025 | $39.12 Billion | -1.65% |
| 2024 | $39.78 Billion | +62.69% |
| 2023 | $24.45 Billion | +43.12% |
| 2022 | $17.08 Billion | -30.17% |
| 2021 | $24.47 Billion | +15.90% |
| 2020 | $21.11 Billion | +25.86% |
| 2019 | $16.77 Billion | +58.13% |
| 2018 | $10.61 Billion | +9.84% |
| 2017 | $9.66 Billion | +27.60% |
| 2016 | $7.57 Billion | +36.60% |
| 2015 | $5.54 Billion | -- |
End of Day Market Cap According to Different Sources
On Jun 17th, 2026 the market cap of Garmin Ltd was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $45.31 Billion USD |
| MoneyControl | $45.31 Billion USD |
| MarketWatch | $45.31 Billion USD |
| marketcap.company | $45.31 Billion USD |
| Reuters | $45.31 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Garmin Ltd
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platf… Read more