GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (MEX:GRMN N) » Definitions » Cyclically Adjusted PB Ratio

Garmin (MEX:GRMN N) Cyclically Adjusted PB Ratio : 7.13 (As of Jun. 29, 2025)


View and export this data going back to 2020. Start your Free Trial

What is Garmin Cyclically Adjusted PB Ratio?

As of today (2025-06-29), Garmin's current share price is MXN3870.00. Garmin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN542.91. Garmin's Cyclically Adjusted PB Ratio for today is 7.13.

The historical rank and industry rank for Garmin's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:GRMN N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.36   Med: 4.38   Max: 8.68
Current: 7.51

During the past years, Garmin's highest Cyclically Adjusted PB Ratio was 8.68. The lowest was 2.36. And the median was 4.38.

MEX:GRMN N's Cyclically Adjusted PB Ratio is ranked worse than
91.16% of 1946 companies
in the Hardware industry
Industry Median: 1.67 vs MEX:GRMN N: 7.51

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Garmin's adjusted book value per share data for the three months ended in Mar. 2025 was MXN868.333. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN542.91 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Garmin Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Garmin's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Garmin Cyclically Adjusted PB Ratio Chart

Garmin Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.18 6.45 4.00 5.16 7.63

Garmin Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.82 6.23 6.63 7.63 7.83

Competitive Comparison of Garmin's Cyclically Adjusted PB Ratio

For the Scientific & Technical Instruments subindustry, Garmin's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Garmin's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Garmin's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Garmin's Cyclically Adjusted PB Ratio falls into.


;
;

Garmin Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Garmin's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3870.00/542.91
=7.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Garmin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Garmin's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=868.333/107.7224*107.7224
=868.333

Current CPI (Mar. 2025) = 107.7224.

Garmin Quarterly Data

Book Value per Share CPI Adj_Book
201506 263.659 100.464 282.709
201509 287.166 99.785 310.008
201512 303.178 99.386 328.607
201603 312.743 99.475 338.672
201606 315.166 100.088 339.207
201609 344.981 99.604 373.099
201612 373.712 99.380 405.085
201703 370.470 100.040 398.920
201706 335.556 100.285 360.441
201709 352.283 100.254 378.528
201712 402.040 100.213 432.167
201803 385.206 100.836 411.515
201806 391.215 101.435 415.464
201809 391.588 101.246 416.639
201812 431.434 100.906 460.578
201903 440.923 101.571 467.627
201906 419.435 102.044 442.776
201909 454.951 101.396 483.338
201912 474.106 101.063 505.346
202003 605.715 101.048 645.727
202006 572.259 100.743 611.904
202009 589.635 100.585 631.477
202012 572.772 100.241 615.522
202103 608.071 100.800 649.831
202106 577.992 101.352 614.321
202109 625.956 101.533 664.117
202112 651.198 101.776 689.249
202203 644.250 103.205 672.450
202206 611.271 104.783 628.420
202209 615.255 104.835 632.202
202212 631.238 104.666 649.670
202303 603.031 106.245 611.418
202306 548.317 106.576 554.218
202309 577.873 106.570 584.125
202312 620.640 106.461 627.992
202403 626.087 107.355 628.230
202406 667.523 107.991 665.863
202409 769.279 107.468 771.101
202412 850.447 107.128 855.165
202503 868.333 107.722 868.333

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Garmin  (MEX:GRMN N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Garmin Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Garmin's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Garmin Business Description

Industry
Address
Muhlentalstrasse 2, Schaffhausen, CHE, 8200
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing, among many others. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Garmin Headlines

No Headlines