Stock Analysis
Garmin LtdGRMN
P/E 29.26×· 5Y range 15.70–43.75×· 76th percentile of history
Sector: Technology · Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
AnalystsHold16 analystsP/E 29.3× sits at the 76th percentile of its 5.0978781656399725-year history.
Cash covers 1565% of debt · Q1 2024.
PMP Verdict
High quality, but expensive
Strengths
- Profitability95
- Quality82
Risks
- Valuation32
Excellent business. Weak entry price.
Bull Case
- ✓Altman Z 19.0 — safe-zone balance sheet
- ✓ROE 20.9% — efficient capital deployment
- ✓Interest coverage 73.3× — debt well covered
What's happening with GRMN
Profile
Strong moat, profitability, earnings quality and financial health; valuation lags behind.
How is each axis scored?
- Valuation32/100 · Weak
- P/E vs own history (76th pct)5/25
- FCF yield (2.9%)5/25
- P/S (7.2x)12/25
- EV/EBIT (n/a)10/25
- Growth64/100 · Moderate
- Revenue CAGR (9.8%)12/25
- Net income CAGR (11.4%)20/25
- EPS CAGR 5Y (11.2%)20/25
- Fwd implied growth (11.5%)12/25
- Profitability95/100 · Strong
- ROIC (26.8%)25/25
- ROE (20.9%)20/25
- Net margin (24.5%)25/25
- Operating margin (27.6%)25/25
- Financial Health75/100 · Strong
- Altman Z (18.98)25/25
- Current ratio (3.63)25/25
- Interest coverage (73.3x)25/25
- Net cash / debt (n/a)0/25
- Quality82/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.33)20/25
- FCF conversion (85%)22/25
- Margin stability (σ 2.4%)25/25
- Moat100/100 · Strong
- ROIC >12% years (10/10 yrs)25/25
- Median gross margin (58.4%)25/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 16.9%)25/25
About Garmin Ltd
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Show more
Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
Headquarters: SCHAFFHAUSEN · Employees: 23,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
32DP/E (TTM)29.3xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 15.7x–43.8x · 76th pct
P/FCF34.8xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield2.9%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 1.3%–5.6% · 37th pct
P/S (TTM)7.16xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 3.1x–8.8x · 93rd pct
EV/EBITDA23.4xC
Grade C: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral — vs own 5Y history: 20.2x–27.5x · 69th pct
EV/Sales6.9xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E26.2xC
Grade C: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio6.12xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.91C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.30%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio38.5%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
95A+ROIC26.8%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE20.9%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA17.1%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin24.5%A
Grade A: HighNet Income / Revenue
Operating Margin27.6%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin60.1%A
Grade A: PremiumGross Profit / Revenue
FCF Margin20.9%A
Grade A: HighFCF / Revenue
True FCF Margin18.6%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
64BRevenue CAGR9.8%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR11.4%C
Grade C: OkCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)11.2%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth11.5%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+0.0%B
Grade B: FlatShare count change over 5Y
SBC / Net Income9.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.2%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score18.98A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio3.63xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio1.85xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage73.3xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
82APiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.33A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion85.2%A
Grade A: StrongFCF / Net Income
Margin Stability2.4%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue4.9%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.70xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -633 | |
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -281 | |
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -2260 | |
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -1737 | |
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -538 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -3102 | |
Wang Cheng-Wei Filed | Wang Cheng-Wei | SellOpen market sale | -1390 | |
BURRELL JONATHAN Filed | BURRELL JONATHAN | Gift | -393000 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
100A+ROIC >12% Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)58.4%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor16.9%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$9.73
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$13.82
Cash & short-term investments per share (Finnhub)
Book Value / Share$46.80
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$2.74B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$8.97B
Shareholders' equity (book value)
Asset / Liability5.44xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$54.92B
Current Market Capitalization
Beta0.90B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Garmin Ltd (GRMN)
Piotroski F-Score of 6/9 indicates mixed fundamentals for Garmin Ltd. Altman Z-Score of 18.98 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.33 suggests a low likelihood of earnings manipulation.
- Garmin Ltd converts about 21% of revenue into free cash flow — strong cash generation.
- Return on equity of 20.9% is well above the market average.
See how GRMN ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all GRMN moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 13 | Regular | 276.07 | +3.49% | 2.59 |
| Oct 13 | After-hours | 276.41 | +3.62% | 2.68 |
| Oct 8 | Regular | 267.75 | -3.05% | -2.04 |
| Sep 21 | Regular | 280.17 | +2.23% | 2.01 |
| Sep 21 | After-hours | 280.31 | +2.28% | 2.05 |
Frequently Asked Questions about GRMN
What is the current Garmin Ltd (GRMN) stock price?
GRMN is trading at $284.79 at the last market close, down 0.15% on the session. PreMarketPrice tracks GRMN pre-market, intraday and after-hours prices.
Is GRMN stock a buy right now?
PreMarketPrice's quantitative model rates Garmin Ltd's financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is GRMN stock overvalued?
Garmin Ltd trades at a trailing P/E of 29.3 and our valuation score rates it 32/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Garmin Ltd report earnings?
No confirmed earnings date is currently scheduled for GRMN. The Earnings section lists recent reports and updates as dates are announced.
What sector does Garmin Ltd operate in?
Garmin Ltd operates in the Technology sector, within the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. The Related Stocks section lists sector peers for comparison.
What does Garmin Ltd do?
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine.
About Garmin Ltd (GRMN) Stock
Garmin Ltd (GRMN) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. As of the latest update, Garmin Ltd is trading at $284.79, down 0.15% on the day with a market capitalization of $54.9 billion. The financial health score for GRMN is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for GRMN stock.
GRMN Stock Analysis & Key Metrics
On PreMarketPrice, you can track Garmin Ltd (GRMN) across multiple dimensions:
- Pre-market price & movement: Real-time GRMN stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for GRMN with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Garmin Ltd across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for GRMN.
- Sector peers: Compare GRMN against 6 other technology stocks on key financial metrics.
Is GRMN a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Garmin Ltd (GRMN) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Garmin Ltd (GRMN) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.