GARMIN LTD (GRMN)
Search, Detection, Navigation, Guidance, Aeronautical Sys
Latest Price
$293.78
TTM P/E
32.79
Normalized P/E
42.34
Div Yield
--
Book Value
48.12
P/B Ratio
6.11
Valuation metrics
adjust assumptions →EPS: $8.59
Book value / share: $46.58
Formula: √(22.5 × EPS × BVPS)
Graham Number
$94.88
68% downside
Norm. op. income: $1.1B (median of 7yr)
Tax rate: 10%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$62.75
79% downside
Base FCF: $1.2B (median of recent 5yr)
Growth: 7%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$136.72
53% downside
EPS: $8.59
Target P/E: 42×
Formula: EPS × P/E
P/E Fair Value
$360.78
+23% upside