Garmin Ltd.

Valuation Analysis

About the Company

Garmin Ltd. en bref

Garmin Ltd. (GRMN) is currently trading at 204,48 € with a market capitalization of 39,4 Md €. The trailing P/E ratio stands at 26.18x, with a forward P/E of 22.7x. The 52-week range spans from 162,90 € to 238,52 €; the current price is 14.3% below the yearly high. Year-over-year revenue growth stands at +14.2%. The net profit margin stands at 23.26%.

💰 Dividende

Garmin Ltd. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.

📊 Avis des analystes

7 analystes évaluent Garmin Ltd. (GRMN) au consensus : None. L'objectif de cours moyen est de 229,02 €, soit un potentiel de +12% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 191,99 € à 283,62 €.

Garmin Ltd. : la thèse d'investissement en détail

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.

Le scénario haussier

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.

Valorisation en contexte

At a PEG of 3.23, 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.

À surveiller

• The forward P/E of 22.7x is meaningfully below the trailing 26.18x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Profil de risque

The data points to relatively defensive market behavior.

Trading Data

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