Stock AnalizGarmin Ltd. GRMN
Industrial Machinery/Components · IPO 2000 · data as of November 13, 2026
Garmin Ltd. (GRMN) is a industrial company listed in the US with a market value of about $54.5B. In the twelve months to September 26, 2026 it had revenue of $7.9B and net income of $2.0B, a net margin of 25.6%.
Its overall Stock Analiz score is 4.0 out of 5 (excellent). The strongest part is track record (5/5); the weakest is value (2/5).
Key numbers: a P/E of 27.2, a price to free cash flow of 37.2, 5-year revenue growth of 12% a year, a 5-year average ROIC of 16%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 34% below the current price.
Score: 4.0 / 5
Checks passed
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Checks not passed
- P/E below 25
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9B | $7.2B | $6.3B | $5.2B | $4.9B | $5.0B | $4.2B | $3.8B | $3.3B | $3.1B | $3.0B |
| Net income | $2.0B | $1.7B | $1.4B | $1.3B | $974M | $1.1B | $992M | $952M | $694M | $709M | $518M |
| Free cash flow | $1.5B | $1.4B | $1.2B | $1.2B | $544M | $705M | $950M | $581M | $764M | $521M | $615M |
| EPS (diluted) | $10.41 | $8.59 | $7.30 | $6.71 | $5.04 | $0.01 | $0.01 | $4.99 | $3.66 | $3.76 | $0.00 |
| Net margin | 25.6% | 23.0% | 22.4% | 24.7% | 20.0% | 21.7% | 23.7% | 25.4% | 20.7% | 22.7% | 17.0% |
| ROIC | — | 16.9% | 16.6% | 12.1% | 14.8% | 17.6% | 16.9% | 18.8% | 15.8% | 14.0% | 14.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $299.00, 6% above the current price; targets range from $230.00 to $370.00; the consensus rating is “Hold”; expected EPS is $10.79 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Garmin’s P/E ratio?
About 27.2, based on the last twelve months of diluted earnings per share (forward P/E about 25.4).
Is Garmin stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 34% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Garmin pay a dividend?
Yes. The dividend yield is about 1.43%, and it has paid dividends for 10 years in our data.
Is Garmin a good stock to buy?
We do not give buy or sell advice. Garmin scores 4.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.