GARMIN LTD (GRMN) Stock Fundamental Analysis

NYSE:GRMN • CH0114405324

238.735 USD
+1.28 (+0.54%)
Last: Feb 19, 2026, 01:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall GRMN gets a fundamental rating of 6 out of 10. We evaluated GRMN against 60 industry peers in the Household Durables industry. GRMN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. GRMN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year GRMN was profitable.
  • In the past year GRMN had a positive cash flow from operations.
  • Of the past 5 years GRMN 4 years were profitable.
  • Of the past 5 years GRMN 4 years had a positive operating cash flow.
GRMN Yearly Net Income VS EBIT VS OCF VS FCFGRMN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 14.93%, GRMN belongs to the top of the industry, outperforming 98.33% of the companies in the same industry.
  • GRMN's Return On Equity of 18.53% is amongst the best of the industry. GRMN outperforms 85.00% of its industry peers.
  • GRMN's Return On Invested Capital of 16.88% is amongst the best of the industry. GRMN outperforms 95.00% of its industry peers.
  • GRMN had an Average Return On Invested Capital over the past 3 years of 13.98%. This is above the industry average of 9.21%.
  • The 3 year average ROIC (13.98%) for GRMN is below the current ROIC(16.88%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 14.93%
ROE 18.53%
ROIC 16.88%
ROA(3y)14.08%
ROA(5y)14.03%
ROE(3y)17.36%
ROE(5y)17.55%
ROIC(3y)13.98%
ROIC(5y)14.54%
GRMN Yearly ROA, ROE, ROICGRMN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 22.63%, GRMN belongs to the best of the industry, outperforming 98.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of GRMN has declined.
  • With an excellent Operating Margin value of 25.61%, GRMN belongs to the best of the industry, outperforming 98.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GRMN has remained more or less at the same level.
  • The Gross Margin of GRMN (58.73%) is better than 96.67% of its industry peers.
  • GRMN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 25.61%
PM (TTM) 22.63%
GM 58.73%
OM growth 3Y1.16%
OM growth 5Y0.12%
PM growth 3Y1.06%
PM growth 5Y-2.43%
GM growth 3Y0.4%
GM growth 5Y-0.25%
GRMN Yearly Profit, Operating, Gross MarginsGRMN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GRMN is creating value.
  • There is no outstanding debt for GRMN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
GRMN Yearly Shares OutstandingGRMN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
GRMN Yearly Total Debt VS Total AssetsGRMN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • GRMN has an Altman-Z score of 15.94. This indicates that GRMN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of GRMN (15.94) is better than 98.33% of its industry peers.
  • There is no outstanding debt for GRMN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 15.94
ROIC/WACC3.4
WACC4.96%
GRMN Yearly LT Debt VS Equity VS FCFGRMN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 3.32 indicates that GRMN has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.32, GRMN is in the better half of the industry, outperforming 61.67% of the companies in the same industry.
  • A Quick Ratio of 2.24 indicates that GRMN has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.24, GRMN belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.32
Quick Ratio 2.24
GRMN Yearly Current Assets VS Current LiabilitesGRMN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 15.68% over the past year.
  • Measured over the past years, GRMN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.78% on average per year.
EPS 1Y (TTM)15.68%
EPS 3Y18.53%
EPS 5Y10.78%
EPS Q2Q%15.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.59%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.59% on average over the next years.
  • The Revenue is expected to grow by 7.23% on average over the next years.
EPS Next Y3.7%
EPS Next 2Y6.13%
EPS Next 3Y6.33%
EPS Next 5Y7.59%
Revenue Next Year6.78%
Revenue Next 2Y7.5%
Revenue Next 3Y7.2%
Revenue Next 5Y7.23%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
GRMN Yearly Revenue VS EstimatesGRMN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
GRMN Yearly EPS VS EstimatesGRMN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.89, which means the current valuation is very expensive for GRMN.
  • Based on the Price/Earnings ratio, GRMN is valued a bit more expensive than 65.00% of the companies in the same industry.
  • GRMN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 26.89, the valuation of GRMN can be described as expensive.
  • Based on the Price/Forward Earnings ratio, GRMN is valued a bit more expensive than 66.67% of the companies in the same industry.
  • GRMN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.16.
Industry RankSector Rank
PE 27.89
Fwd PE 26.89
GRMN Price Earnings VS Forward Price EarningsGRMN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GRMN is valued a bit more expensive than the industry average as 76.67% of the companies are valued more cheaply.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GRMN indicates a slightly more expensive valuation: GRMN is more expensive than 60.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 34.46
EV/EBITDA 21.69
GRMN Per share dataGRMN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GRMN does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of GRMN may justify a higher PE ratio.
PEG (NY)7.53
PEG (5Y)2.59
EPS Next 2Y6.13%
EPS Next 3Y6.33%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • GRMN has a Yearly Dividend Yield of 1.66%.
  • GRMN's Dividend Yield is a higher than the industry average which is at 1.16.
  • GRMN's Dividend Yield is comparable with the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 1.66%

5.2 History

  • On average, the dividend of GRMN grows each year by 6.30%, which is quite nice.
  • GRMN has paid a dividend for at least 10 years, which is a reliable track record.
  • As GRMN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)6.3%
Div Incr Years8
Div Non Decr Years8
GRMN Yearly Dividends per shareGRMN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • GRMN pays out 40.42% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of GRMN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP40.42%
EPS Next 2Y6.13%
EPS Next 3Y6.33%
GRMN Yearly Income VS Free CF VS DividendGRMN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B
GRMN Dividend Payout.GRMN Dividend Payout, showing the Payout Ratio.GRMN Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

GARMIN LTD

NYSE:GRMN (2/19/2026, 1:35:41 PM)

238.735

+1.28 (+0.54%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners57.3%
Inst Owner Change-0.32%
Ins Owners15.1%
Ins Owner Change-0.24%
Market Cap45.92B
Revenue(TTM)N/A
Net Income(TTM)1.57B
Analysts52
Price Target229.35 (-3.93%)
Short Float %1.85%
Short Ratio3.12
Dividend
Industry RankSector Rank
Dividend Yield 1.66%
Yearly Dividend2.98
Dividend Growth(5Y)6.3%
DP40.42%
Div Incr Years8
Div Non Decr Years8
Ex-Date03-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.86%
Min EPS beat(2)-0.56%
Max EPS beat(2)12.29%
EPS beat(4)2
Avg EPS beat(4)5.76%
Min EPS beat(4)-5.23%
Max EPS beat(4)16.53%
EPS beat(8)6
Avg EPS beat(8)15.54%
EPS beat(12)9
Avg EPS beat(12)11.72%
EPS beat(16)12
Avg EPS beat(16)9.53%
Revenue beat(2)1
Avg Revenue beat(2)1.7%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)4.59%
Revenue beat(4)3
Avg Revenue beat(4)2.15%
Min Revenue beat(4)-1.18%
Max Revenue beat(4)5.17%
Revenue beat(8)7
Avg Revenue beat(8)3.88%
Revenue beat(12)10
Avg Revenue beat(12)3.42%
Revenue beat(16)12
Avg Revenue beat(16)1.56%
PT rev (1m)1.55%
PT rev (3m)1.94%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)0.16%
EPS NY rev (1m)0%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)1.23%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 27.89
Fwd PE 26.89
P/S 6.61
P/FCF 34.46
P/OCF 29.37
P/B 5.42
P/tB 6.11
EV/EBITDA 21.69
EPS(TTM)8.56
EY3.59%
EPS(NY)8.88
Fwd EY3.72%
FCF(TTM)6.93
FCFY2.9%
OCF(TTM)8.13
OCFY3.41%
SpS36.1
BVpS44.08
TBVpS39.07
PEG (NY)7.53
PEG (5Y)2.59
Graham Number92.14
Profitability
Industry RankSector Rank
ROA 14.93%
ROE 18.53%
ROCE 20.27%
ROIC 16.88%
ROICexc 23.76%
ROICexgc 28.1%
OM 25.61%
PM (TTM) 22.63%
GM 58.73%
FCFM 19.19%
ROA(3y)14.08%
ROA(5y)14.03%
ROE(3y)17.36%
ROE(5y)17.55%
ROIC(3y)13.98%
ROIC(5y)14.54%
ROICexc(3y)19.19%
ROICexc(5y)20.33%
ROICexgc(3y)22.39%
ROICexgc(5y)24.31%
ROCE(3y)16.79%
ROCE(5y)17.47%
ROICexgc growth 3Y0.45%
ROICexgc growth 5Y1.23%
ROICexc growth 3Y1.99%
ROICexc growth 5Y2.25%
OM growth 3Y1.16%
OM growth 5Y0.12%
PM growth 3Y1.06%
PM growth 5Y-2.43%
GM growth 3Y0.4%
GM growth 5Y-0.25%
F-Score7
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 122.18%
Cap/Sales 3.33%
Interest Coverage 250
Cash Conversion 79.48%
Profit Quality 84.82%
Current Ratio 3.32
Quick Ratio 2.24
Altman-Z 15.94
F-Score7
WACC4.96%
ROIC/WACC3.4
Cap/Depr(3y)122.61%
Cap/Depr(5y)143.16%
Cap/Sales(3y)3.96%
Cap/Sales(5y)4.51%
Profit Quality(3y)78.35%
Profit Quality(5y)79.1%
High Growth Momentum
Growth
EPS 1Y (TTM)15.68%
EPS 3Y18.53%
EPS 5Y10.78%
EPS Q2Q%15.77%
EPS Next Y3.7%
EPS Next 2Y6.13%
EPS Next 3Y6.33%
EPS Next 5Y7.59%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%16.59%
Revenue Next Year6.78%
Revenue Next 2Y7.5%
Revenue Next 3Y7.2%
Revenue Next 5Y7.23%
EBIT growth 1Y25.36%
EBIT growth 3Y9.36%
EBIT growth 5Y11.01%
EBIT Next Year32.83%
EBIT Next 3Y15.99%
EBIT Next 5Y13.25%
FCF growth 1Y24.18%
FCF growth 3Y20.8%
FCF growth 5Y16.47%
OCF growth 1Y22.24%
OCF growth 3Y12.27%
OCF growth 5Y15.45%

GARMIN LTD / GRMN FAQ

What is the ChartMill fundamental rating of GARMIN LTD (GRMN) stock?

ChartMill assigns a fundamental rating of 7 / 10 to GRMN.


What is the valuation status of GARMIN LTD (GRMN) stock?

ChartMill assigns a valuation rating of 2 / 10 to GARMIN LTD (GRMN). This can be considered as Overvalued.


Can you provide the profitability details for GARMIN LTD?

GARMIN LTD (GRMN) has a profitability rating of 8 / 10.


What are the PE and PB ratios of GARMIN LTD (GRMN) stock?

The Price/Earnings (PE) ratio for GARMIN LTD (GRMN) is 27.89 and the Price/Book (PB) ratio is 5.42.


What is the financial health of GARMIN LTD (GRMN) stock?

The financial health rating of GARMIN LTD (GRMN) is 9 / 10.