Garmin Ltd.
GRMN Large CapTechnology · Scientific & Technical Instruments
Updated: Jun 14, 2026, 22:19 UTC
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Key Metrics
Valuation Analysis
About the Company
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manuf
Garmin Ltd. Stock at a Glance
Garmin Ltd. (GRMN) is currently trading at $238.10 with a market capitalization of $45.9B. The trailing P/E ratio stands at 26.6x, with a forward P/E of 23.06x. The 52-week range spans from $186.67 to $273.32; the current price is 12.9% below the yearly high. Year-over-year revenue growth stands at +14.2%. The net profit margin stands at 23.26%.
💰 Dividend
Garmin Ltd. pays an annual dividend of $4.20 per share, representing a yield of 1.76%. The payout ratio stands at 40.18%.
📊 Analyst Rating
7 analysts rate Garmin Ltd. (GRMN) on consensus: None. The average price target is $262.43, implying +10.22% from the current price. Analyst price targets range from $220.00 to $325.00.
Garmin Ltd.: The Investment Case in Detail
Garmin Ltd. (GRMN) operates in the Technology — specifically Scientific & Technical Instruments — and is headquartered in Switzerland. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Revenue is growing at a healthy 14.2% pace year-over-year, suggesting the business model continues to find new customers and pricing power. The combination of a 59.14% gross margin and 24.62% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Free cash flow is positive and net margins stand at 23.26%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions.
Valuation in Context
At a PEG of 3.27, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.
What to Watch Next
- The forward P/E of 23.06x is meaningfully below the trailing 26.6x — analysts expect earnings to step up; the next earnings release is the test.
Investment Thesis: Strengths & Weaknesses
- Profitable with 23.26% net margin
- High return on equity (19.9% ROE)
- High gross margin of 59.14% — indicates pricing power
- Solid balance sheet with low debt (D/E 2.33)
- Positive free cash flow
No significant red flags in current metrics.
Technical Snapshot
Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
💵 Dividend Info
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