Garmin (GRMN) EV to CFO (2009 - 2026)
Garmin's EV to CFO came in at 21.32 for Q2 2026, down 24.1% from 28.10 a year earlier and down 10.6% from the prior quarter.
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Analysis
Garmin (GRMN) EV to CFO (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Garmin reported EV to CFO of 17.29, down 22.9% year-over-year; for FY2025, it came in at 22.56, down 14.5% from FY2024.
- Going back by year, EV to CFO was 26.38 in FY2024 (+60.1%), 16.48 in FY2023 (-20.0%), 20.59 in FY2022 (-13.3%) and 23.76 in FY2021 (+27.3%).
- The Q2 2026 figure represents the lowest quarterly EV to CFO since Q2 2024.
- Year-over-year, EV to CFO has declined for three consecutive quarters, with growth averaging 24.1% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q4 2024 (growth of 60.1%), and the weakest in Q3 2023 (a decline of 41.3%).
- Business Quant data shows GRMN's EV to CFO at 23.85 (Q1 2026), 22.56 (Q4 2025) and 27.97 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 5,040.97 Bn | 4,788.46 Bn | 54.77 Bn |
| 2 | Cisco Systems | 424.45 Bn | 360.38 Bn | 11.06 Bn |
| 3 | Dell Technologies | 313.76 Bn | 269.51 Bn | 9.83 Bn |
| 4 | Arista Networks | 232.68 Bn | 186.14 Bn | 1.91 Bn |
| 5 | Sandisk | 202.67 Bn | 191.19 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 152.82 Bn | 147.82 Bn | 1.90 Bn |
| 7 | Sony | 149.85 Bn | 87.11 Bn | 6.53 Bn |
| 8 | Western Digital | 130.59 Bn | 118.72 Bn | 2.03 Bn |
| 9 | Hewlett Packard Enterprise | 77.78 Bn | 55.65 Bn | 4.93 Bn |
| 10 | Garmin | 56.29 Bn | 45.64 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 21.32 |
| Mar 28, 2026 | 23.85 |
| Dec 27, 2025 | 22.56 |
| Sep 27, 2025 | 27.97 |
| Jun 28, 2025 | 28.10 |
| Mar 29, 2025 | 27.15 |
| Dec 28, 2024 | 26.38 |
| Sep 28, 2024 | 21.92 |
| Jun 29, 2024 | 19.22 |
| Mar 30, 2024 | 17.23 |
| Dec 30, 2023 | 16.48 |
| Sep 30, 2023 | 14.42 |
| Jul 1, 2023 | 17.00 |
| Apr 1, 2023 | 20.15 |
| Dec 31, 2022 | 20.59 |
| Sep 24, 2022 | 24.54 |
| Jun 25, 2022 | 26.06 |
| Mar 26, 2022 | 24.97 |
| Dec 25, 2021 | 23.76 |
| Sep 25, 2021 | 24.40 |
API Access
Garmin EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();