Grünberg was born in Pilsen, Bohemia—which at the time was in the German-occupied Protectorate of Bohemia and Moravia —to the Sudeten German family of Anna and Feodor A. Grünberg which first lived in Dysina to the east of Pilsen. Grünberg was a Catholic. After the war, the family was interned; the parents were brought to a camp. His father, a Russia-born engineer who since 1928 had worked for Škoda, died on 27 November 1945 in Czech imprisonment and is buried in a mass grave in Pilsen which is also inscribed with Grünberg Theodor † 27. November 1945. His mother Anna had to work in agriculture and stayed with her parents in the Petermann house in Untersekerschan, where her children were brought later. The remaining Grünberg family, like almost all Germans, was expelled from Czechoslovakia in 1946. Seven-year-old Peter came to Lauterbach, Hesse where he attended gymnasium. Grünberg received his intermediate diploma in 1962 from the Johann Wolfgang Goethe University in Frankfurt. He then attended the Technische Universität Darmstadt, where he received his diploma in physics in 1966 and his Ph.D. in 1969. While there, he met and married his wife, Helma Prauser, who became a schoolteacher. From 1969 to 1972, he did postdoctoral work at Carleton University in Ottawa, Canada. He later joined the Institute for Solid State Physics at Forschungszentrum Jülich, where he became a leading researcher in the field of thin film and multilayer magnetism until his retirement in 2004.
Grünberg, Peter, Y. Suzuki, T. Katayama, K. Takanashi, R. Schreiber, K. Tanaka. 1997. "The magneto-optical effect of Cr wedged ultrathin films grown on Fe". JMMM . 165, 134.
P. Grünberg, J.A. Wolf, R.Schäfer. 1996. "Long Range Exchange Interactions in Epitaxial Layered Magnetic Structures". Physica B 221, 357.
M. Schäfer, Q. Leng, R. Schreiber, K. Takanashi, P. Grünberg, W. Zinn. 1995. "Experiments on Interlayer Exchange Coupling". J. of Mat. Sci. and Eng. . B31, 17.
A. Fert, P. Grünberg, A. Barthelemy, F. Petroff, W. Zinn. 1995. "Layered magnetic structures: interlayer exchange coupling and giant magnetoresistance". JMMM. 140–144, 1.
P. Grünberg, A. Fuß, Q. Leng, R. Schreiber, J.A. Wolf. 1993. "Interlayer Coupling and its Relation to Growth and Structure". Proc. of NATO workshop on "Magnetism and Structure in Systems of Reduced Dimension", ed. by R.F.C. Farrow et al., NATO ASI Series B: Physics Vol. 309, p. 87, Plenum Press, N.Y. 1993.
A. Fuß, S. Demokritov, P. Grünberg, W. Zinn. 1992. "Short- and long period oscillations in the exchange coupling of Fe across epitaxially grown Al- and Au-interlayers". JMMM. 103, L211.
P. Grünberg, R. Schreiber, Y. Pang, M.B. Brodsky, H. Sowers. 1986. "Layered Magnetic Structures: Evidence for antiferromagnetic coupling of Fe-layers across Cr-interlayers". Physical Review Letters. 57, 2442.