GRMN
Garmin Ltd.
$290.35
+1.46% 2026-10-20
Consumer DiscretionaryS&P 500
GRMNSPY
1W
+5.0%
1M
+5.9%
3M
+23.2%
6M
+10.3%
YTD
+44.9%
1Y
+18.5%
Live chart
Loading live chart…
Grades vs sector
Momentum88th pct in sectorA-
Momentum
88th pct in sector
12-1 return: +36.3%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth83rd pct in sectorA-
Growth
83rd pct in sector
Revenue growth (YoY): +11.4%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value9th pct in sectorD-
Value
9th pct in sector
Forward E/P: 3.9% · EBITDA/EV: 4.4%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability79th pct in sectorB+
Profitability
79th pct in sector
Profit margin: +24.5% · Return on equity: +21.9%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
RevisionsNot enough data yet–
Revisions
Not enough data yet
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 5 live models right now.
Quality Growth
not ranked (outside this model's universe or screens)
Momentum Top 15rank 201 of 499 · 12-1 momentum % 16.8
Momentum Blendnot in the current book
New Highs Growthnot ranked (outside this model's universe or screens)
Conviction 20not in the current book
News
More newsFirst Cessna Citation CJ4 Gen3 Advances Toward Entry Into Service as First Production Unit Rolls out of the Factory
Business Wire · 17h ago
ETFs Are Net Sellers of Garmin (GRMN) on Oct. 16
GuruFocus.com · 19h ago
New Garmin Edge 1060 cycling computer gives cyclists hands-free voice control
PR Newswire · 19h ago
Ride with more confidence with Edge Explore 3 cycling computers from Garmin
PR Newswire · 19h ago
Garmin unveils Tacx Nēra, an immersive indoor smart trainer with integrated movement
PR Newswire · 19h ago
Key stats
Market cap$56.0B
P/E (trailing)30.0
P/E (forward)26.1
52-week range186.67 – 314.28
Revenue growth (YoY, latest qtr)+11.4%
Dividend yield1.47%
Analyst consensusBuy (7)
Mean price target$306.71 (+6%)
Valuation and fundamentals
Valuation & fundamentals
Bottom line
Roughly fairly valued
Model read-out from the numbers below, not advice. Score +0 (DCF counts double).
•DCF (base case)below the price by 14%
▼Forward P/E vs sector26.1x vs median 13.4x
▲Piotroski F-score8/9
▲Net debt / EBITDA-1.4x
•Analyst target+6% (7 analysts)
Discounted cash flow
Bear
$156
-46%
growth 8% · disc. 9.4% · term. 2.0%
Base
$249
-14%
growth 13% · disc. 8.4% · term. 2.5%
Bull
$389
+34%
growth 16% · disc. 7.4% · term. 3.0%
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price assumes free cash flow grows about 12% a year for 10 years.
Implied
+12%/yr
FCF, last 3 yrs
+36%/yr
FCF, last 5 yrs
+7%/yr
Revenue, last 3 yrs
+14%/yr
Revenue, last 5 yrs
+12%/yr
Same inputs as the DCF above: trailing free cash flow 1.5B, 8.4% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-28). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.83 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Consumer Discretionary
P/E (trailing)
pricier
sector median 17.7× · 81st pct
30.0×pricier
Forward P/E
pricier
sector median 13.4× · 92nd pct
26.1×pricier
EV / EBITDA
pricier
sector median 11.3× · 95th pct
27.0×pricier
Price / sales
pricier
sector median 1.2× · 98th pct
7.5×pricier
Price / book
pricier
sector median 2.8× · 72nd pct
6.0×pricier
FCF yield
pricier
sector median 6.6% · 18th pct
2.6%pricier
Forward EPS $11.13 vs trailing $9.69 (+15% expected growth). Forward P/E uses analysts' next-12-month estimate.
Quality & financial health
Gross margin
59.1%
Operating margin
26.5%
FCF margin
19.4%
Net margin
23.3%
Return on equity
18.7%
Return on invested capital
24.9%
Net debt / EBITDA
-1.4×
Current ratio
4.4×
Interest cover
1,585.0×
Cash conversion (OCF/NI)
1.0×
Piotroski F-score 8/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved
Analysts
Mean target
$307
+6%
Analysts
7
Buy
Range
$231–$370
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $7.2B | $1.7B | $1.4B |
| 2024 | $6.3B | $1.4B | $1.2B |
| 2023 | $5.2B | $1.3B | $1.2B |
| 2022 | $4.9B | $973.6M | $544.0M |
| 2021 | $5.0B | $1.1B | $704.8M |
| 2020 | $4.2B | $992.3M | $949.9M |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +14.2%.
Earnings
Next report: 2026-10-28 · before open · EPS est 2.38
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-07-29 | 2.29 | 2.81 | +22.5% |
| 2026-04-29 | 1.84 | 2.08 | +13.1% |
| 2026-02-18 | 2.39 | 2.79 | +16.6% |
| 2025-10-29 | 1.99 | 1.99 | – |
| 2025-07-30 | 1.90 | 2.17 | +14.4% |
| 2025-04-30 | 1.68 | 1.61 | -4.0% |
| 2025-02-19 | 2.02 | 2.41 | +19.2% |
| 2024-10-30 | 1.45 | 1.99 | +37.7% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $2.0B | +11.4% |
| 2026-03-31 | $1.8B | – |
| 2025-12-31 | $2.1B | – |
| 2025-09-30 | $1.8B | – |
| 2025-06-30 | $1.8B | – |
Analyst actions
Tigress Financial
PT $370
2026-08-06 · main
Strong Buy → Strong BuyPT $370
Morgan Stanley
PT $289
2026-07-30 · main
Equal-Weight → Equal-WeightPT $289
Barclays
PT $297
2026-07-30 · main
Equal-Weight → Equal-WeightPT $297
Tigress Financial
PT $325
2026-05-20 · main
Strong Buy → Strong BuyPT $325
Barclays
PT $238
2026-04-30 · main
Equal-Weight → Equal-WeightPT $238
JP Morgan
PT $285
2026-04-16 · main
Neutral → NeutralPT $285
Recent dividends
2026-09-11: $1.050 · 2026-06-15: $1.050 · 2026-03-13: $0.900 · 2025-12-12: $0.900 · 2025-09-12: $0.900 · 2025-06-16: $0.900 · 2025-03-14: $0.750 · 2024-12-13: $0.750
Insider trades
Wang Cheng-Wei
$412.7K
General Manager - Garmin Corp. · 2026-08-18
SELL$412.7K
Wang Cheng-Wei
$923.9K
General Manager - Garmin Corp. · 2026-08-18
SELL$923.9K
Wang Cheng-Wei
$161.0K
General Manager - Garmin Corp. · 2026-08-18
SELL$161.0K
Wang Cheng-Wei
$521.3K
General Manager - Garmin Corp. · 2026-08-18
SELL$521.3K
Wang Cheng-Wei
$680.3K
General Manager - Garmin Corp. · 2026-08-18
SELL$680.3K
Wang Cheng-Wei
$84.8K
General Manager - Garmin Corp. · 2026-08-18
SELL$84.8K
Wang Cheng-Wei
$192.0K
General Manager - Garmin Corp. · 2026-08-18
SELL$192.0K
Biddlecombe Sean
$288.8K
Managing Director, EMEA · 2026-07-31
SELL$288.8K
Maxfield Joshua H
$78.6K
VP, General Counsel · 2026-07-31
SELL$78.6K
Maxfield Joshua H
$127.6K
VP, General Counsel · 2026-07-31
SELL$127.6K
Maxfield Joshua H
$129.1K
VP, General Counsel · 2026-07-31
SELL$129.1K
Pemble Clifton A
$1.2M
Director, President and CEO · 2026-07-29
SELL$1.2M
Stats refreshed 2026-10-20 18:13:52 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
coteau
Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.