GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (MEX:GRMN N) » Definitions » Cyclically Adjusted Price-to-FCF

Garmin (MEX:GRMN N) Cyclically Adjusted Price-to-FCF : 47.90 (As of Jun. 28, 2025)


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

What is Garmin Cyclically Adjusted Price-to-FCF?

As of today (2025-06-28), Garmin's current share price is MXN3870.00. Garmin's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN80.80. Garmin's Cyclically Adjusted Price-to-FCF for today is 47.90.

The historical rank and industry rank for Garmin's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:GRMN N' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.25   Med: 29.92   Max: 57.96
Current: 50.42

During the past years, Garmin's highest Cyclically Adjusted Price-to-FCF was 57.96. The lowest was 11.25. And the median was 29.92.

MEX:GRMN N's Cyclically Adjusted Price-to-FCF is ranked worse than
68.73% of 1004 companies
in the Hardware industry
Industry Median: 27.415 vs MEX:GRMN N: 50.42

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Garmin's adjusted free cash flow per share data for the three months ended in Mar. 2025 was MXN40.208. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN80.80 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Garmin Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Garmin's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Garmin Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.41 43.48 29.13 36.40 52.23

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 Price-to-FCF 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 39.81 42.90 45.98 52.23 52.54

Competitive Comparison of Garmin's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, Garmin's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Garmin's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Garmin's Cyclically Adjusted Price-to-FCF falls into.


;
;

Garmin Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Garmin's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3870.00/80.80
=47.90

* 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 FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=40.208/107.7224*107.7224
=40.208

Current CPI (Mar. 2025) = 107.7224.

Garmin Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -9.841 100.464 -10.552
201509 10.927 99.785 11.796
201512 11.771 99.386 12.758
201603 10.326 99.475 11.182
201606 13.103 100.088 14.102
201609 20.187 99.604 21.832
201612 17.813 99.380 19.308
201703 9.327 100.040 10.043
201706 11.896 100.285 12.778
201709 14.502 100.254 15.582
201712 14.618 100.213 15.713
201803 17.874 100.836 19.095
201806 16.211 101.435 17.216
201809 22.978 101.246 24.448
201812 18.916 100.906 20.194
201903 13.645 101.571 14.471
201906 8.037 102.044 8.484
201909 16.228 101.396 17.241
201912 20.446 101.063 21.793
202003 22.454 101.048 23.937
202006 17.096 100.743 18.280
202009 27.069 100.585 28.990
202012 40.039 100.241 43.027
202103 35.060 100.800 37.468
202106 12.346 101.352 13.122
202109 21.688 101.533 23.010
202112 5.173 101.776 5.475
202203 12.895 103.205 13.459
202206 0.460 104.783 0.473
202209 10.777 104.835 11.074
202212 31.545 104.666 32.466
202303 21.830 106.245 22.134
202306 19.790 106.576 20.003
202309 28.314 106.570 28.620
202312 36.717 106.461 37.152
202403 34.634 107.355 34.753
202406 20.720 107.991 20.668
202409 22.365 107.468 22.418
202412 42.847 107.128 43.085
202503 40.208 107.722 40.208

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Garmin Cyclically Adjusted Price-to-FCF Related Terms

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


Garmin Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Garmin Ltd (MEX:GRMN N) » Definitions » Cyclically Adjusted Price-to-FCF
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