GRMN
Garmin
$307.88
▲ 2.0%Updated Aug 7, 11:30 AM ET
GRMN at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 68/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 18.1% over the last 12 months
Market Cap
$46.29B
P/E
34.26x
Forward P/E (est.)
28.98x
ROE
19.9%
Revenue Growth
15.7%
EPS Growth
18.2%
Profit Margin
23.3%
FCF Yield
2.7%
Debt / Equity
0x
ROIC
16.0%
Interest Coverage
—
Current Ratio
4.36x
Dividend Yield
1.8%
Implied Growth (rev. DCF)
5.9%
Rating Score
68/100
Garmin (GRMN) is a large-cap company in the Consumer Electronics industry, part of the Consumer Discretionary sector of the S&P 500, with a market value around $46.29B.
In its latest reported year it generated about $7.25B in revenue and $1.66B in net profit.
Our model rates GRMN Favorable (68/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (9 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
58.3% average over the last 3 years
±0.7 pts around 58.5% across 9 years
grew in 7 of the last 8 year-over-year periods
positive in 9 of 9 years
16.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what GRMN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. GRMN trades near $307.88, above its 50-day average ($239.46) and 200-day average ($228.75). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 52 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. GRMN's is $6.61 (~2.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month GRMN found buyers near $228.51 (support) and sellers near $250.34 (resistance); its 52-week range is $186.67–$273.32. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.6× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
9.8%
Revenue moved from $3.12B in 2017 to $7.25B in 2025, a 11.1% compound annual growth rate. The most recent year grew a strong 15.7% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
58.7%
Operating Margin
25.9%
Net Margin
23.0%
ROE
19.9%
Garmin keeps about 23.3% of each sales dollar as net profit, with a 58.7% gross margin and 25.9% operating margin. Return on equity is 19.9% and return on invested capital about 16.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0x
Leverage: debt-to-equity is 0.0x, with a current ratio of 4.4x. That is a conservative balance sheet — a cushion in downturns.
Operating CF
$1.63B
Free Cash Flow
$1.36B
FCF Margin
18.8%
In the latest year Garmin produced about $1.63B of operating cash flow and $1.36B of free cash flow after capital spending. That is a free-cash-flow yield of about 2.7% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
1.8%
Per share (latest FY)
$1.34
Total paid (latest FY)
$663.88M
History on record
9 years
dividend uses 49% of free cash flow
40% of net income paid out
total dividends increased 2 years in a row
payout was cut at least once in the last 9 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
34.26x
P/S
6.27x
P/B
5.77x
EV / EBITDA
—
GRMN trades at 34.3x trailing earnings (about 29.0x on estimated forward earnings), 6.3x sales, and 5.8x book value. Reverse-engineering today's price implies the market expects roughly 5.9% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$232.36
Current price
$307.88
Starting FCF (latest 10-K)
$1.36B
Growth, years 1–5
15.7%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where GRMN sits versus its Consumer Discretionary sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 85 Consumer Discretionary companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How GRMN stacks up against its Consumer Discretionary peers — valuation, profitability, and growth versus the sector median.
In the Consumer Discretionary sector (158 S&P 500 companies), GRMN ranks #7 of 158 by our overall rating. It trades at a premium versus the sector on earnings (34.3x P/E vs. 25.8x median) with a lower return on equity (19.9% vs. 26.2%) and faster revenue growth (15.7% vs. 6.8%).
P/E vs sector
34.3x
median 25.8x
ROE vs sector
19.9%
median 26.2%
Growth vs sector
15.7%
median 6.8%
Sector rank
#7
of 158 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Consumer Discretionary companies by sub-industry and size. Sector median is across all 158 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $307.88 today · expected CAGR 9% – 21%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $8.40B | $9.75B | $11.31B | $13.12B | $15.22B |
| Net income | $1.93B | $2.24B | $2.60B | $3.02B | $3.50B |
| EPS | $12.86 | $14.91 | $17.30 | $20.07 | $23.28 |
| Share price (low) | $257.15 | $298.29 | $346.02 | $401.38 | $465.61 |
| Share price (high) | $437.15 | $507.10 | $588.23 | $682.35 | $791.53 |
| CAGR (low–high) | -16% / 42% | -2% / 28% | 4% / 24% | 7% / 22% | 9% / 21% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for GRMN:
- Revenue is growing 15.7% a year, a sign of real demand.
- High net margins (23.3%) point to pricing power or efficiency.
- Strong return on equity (19.9%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.0x) lowers risk.
- Our model's overall read is Favorable (68/100).
The case against GRMN:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 34.3x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Garmin is a large-cap consumer discretionary business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 34.3x earnings, which our model scores Favorable (68/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 16 Wall Street analysts covering GRMN recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
GRMN's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
GRMN — frequently asked questions
Is GRMN a good stock to buy?
We don't give buy or sell advice. Our model rates Garmin Favorable (68/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is GRMN's rating on The Stocks School?
Garmin currently scores 68/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does GRMN's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Garmin's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for GRMN calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this GRMN analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell GRMN. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.