(GRMN) Garmin - Ratings and Ratios
Wearables, Avionics, Marine, Automotive, Outdoor
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.62% |
| Yield on Cost 5y | 4.87% |
| Yield CAGR 5y | 5.56% |
| Payout Consistency | 98.7% |
| Payout Ratio | 42.2% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 28.1% |
| Value at Risk 5%th | 38.2% |
| Relative Tail Risk | -17.31% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.17 |
| Alpha | -23.12 |
| CAGR/Max DD | 1.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.473 |
| Beta | 1.145 |
| Beta Downside | 1.177 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.97% |
| Mean DD | 4.98% |
| Median DD | 3.45% |
Description: GRMN Garmin September 29, 2025
Garmin Ltd. (NYSE:GRMN) designs, manufactures and markets a broad portfolio of wireless devices that span consumer fitness, outdoor recreation, automotive, and aviation markets. Core consumer lines include running-and-multisport watches, cycling computers, smartwatches, scales, and the Garmin Connect ecosystem, while the Connect IQ platform lets third-party developers add apps to these devices.
Beyond wearables, Garmin offers adventure watches, handheld GPS units, satellite communicators (InReach), dog-tracking collars, and dive computers, all sold through a mix of independent retailers, e-commerce channels, OEM partnerships, and specialty dealers.
The aviation segment is a distinct revenue stream, providing integrated flight decks, electronic flight displays, navigation and communication equipment, ADS-B transponders, weather-avoidance systems, and related software and services for both commercial and private aircraft.
Garmin also serves the marine market with chartplotters, sonar/fish-finder units, autopilot systems, VHF radios, and related accessories, as well as a suite of automotive infotainment and connectivity solutions.
Financially, Garmin reported FY 2023 revenue of approximately $5.1 billion, with an operating margin near 15 %, driven largely by double-digit growth in its wearables and aviation divisions; the company’s free-cash-flow conversion consistently exceeds 80 %, underscoring its strong cash generation capability.
Key macro drivers include rising discretionary spending on health-and-fitness technology, continued expansion of the private-jet fleet (supporting avionics demand), and the gradual normalization of semiconductor supply chains, which together shape Garmin’s growth outlook.
For a deeper, data-rich analysis of Garmin’s valuation metrics and scenario modeling, you may find the research tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (1.57b TTM) > 0 and > 6% of Revenue (6% = 416.6m TTM) |
| FCFTA 0.13 (>2.0%) and ΔFCFTA -0.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 58.46% (prev 60.95%; Δ -2.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.15 (>3.0%) and CFO 1.56b <= Net Income 1.57b (YES >=105%, WARN >=100%) |
| Net Debt (-1.92b) to EBITDA (2.02b) ratio: -0.95 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (193.5m) change vs 12m ago 0.19% (target <= -2.0% for YES) |
| Gross Margin 58.73% (prev 58.43%; Δ 0.30pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 69.88% (prev 63.73%; Δ 6.16pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -28.49 (EBITDA TTM 2.02b / Interest Expense TTM -64.3m) >= 6 (WARN >= 3) |
Altman Z'' 9.11
| (A) 0.39 = (Total Current Assets 5.81b - Total Current Liabilities 1.75b) / Total Assets 10.52b |
| (B) 0.61 = Retained Earnings (Balance) 6.44b / Total Assets 10.52b |
| (C) 0.18 = EBIT TTM 1.83b / Avg Total Assets 9.94b |
| (D) 3.18 = Book Value of Equity 6.51b / Total Liabilities 2.04b |
| Total Rating: 9.11 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 81.62
| 1. Piotroski 4.0pt |
| 2. FCF Yield 3.85% |
| 3. FCF Margin 19.19% |
| 4. Debt/Equity 0.02 |
| 5. Debt/Ebitda -0.95 |
| 6. ROIC - WACC (= 7.43)% |
| 7. RoE 19.26% |
| 8. Rev. Trend 84.34% |
| 9. EPS Trend 73.66% |
What is the price of GRMN shares?
Over the past week, the price has changed by +4.11%, over one month by -22.52%, over three months by -16.99% and over the past year by -6.74%.
Is GRMN a buy, sell or hold?
- Strong Buy: 2
- Buy: 0
- Hold: 5
- Sell: 2
- Strong Sell: 1
What are the forecasts/targets for the GRMN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 231.1 | 18.7% |
| Analysts Target Price | 231.1 | 18.7% |
| ValueRay Target Price | 211.4 | 8.5% |
GRMN Fundamental Data Overview November 26, 2025
P/E Trailing = 23.6946
P/E Forward = 22.3214
P/S = 5.3342
P/B = 4.3609
P/EG = 2.6643
Beta = 1.006
Revenue TTM = 6.94b USD
EBIT TTM = 1.83b USD
EBITDA TTM = 2.02b USD
Long Term Debt = 155.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 27.9m USD (from shortTermDebt, last fiscal year)
Debt = 155.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.92b USD (from netDebt column, last quarter)
Enterprise Value = 34.65b USD (37.04b + Debt 155.8m - CCE 2.54b)
Interest Coverage Ratio = -28.49 (Ebit TTM 1.83b / Interest Expense TTM -64.3m)
FCF Yield = 3.85% (FCF TTM 1.33b / Enterprise Value 34.65b)
FCF Margin = 19.19% (FCF TTM 1.33b / Revenue TTM 6.94b)
Net Margin = 22.63% (Net Income TTM 1.57b / Revenue TTM 6.94b)
Gross Margin = 58.73% ((Revenue TTM 6.94b - Cost of Revenue TTM 2.87b) / Revenue TTM)
Gross Margin QoQ = 59.09% (prev 58.80%)
Tobins Q-Ratio = 3.29 (Enterprise Value 34.65b / Total Assets 10.52b)
Interest Expense / Debt = 20.85% (Interest Expense 32.5m / Debt 155.8m)
Taxrate = 21.22% (108.2m / 509.8m)
NOPAT = 1.44b (EBIT 1.83b * (1 - 21.22%))
Current Ratio = 3.32 (Total Current Assets 5.81b / Total Current Liabilities 1.75b)
Debt / Equity = 0.02 (Debt 155.8m / totalStockholderEquity, last quarter 8.48b)
Debt / EBITDA = -0.95 (Net Debt -1.92b / EBITDA 2.02b)
Debt / FCF = -1.44 (Net Debt -1.92b / FCF TTM 1.33b)
Total Stockholder Equity = 8.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.93% (Net Income 1.57b / Total Assets 10.52b)
RoE = 19.26% (Net Income TTM 1.57b / Total Stockholder Equity 8.16b)
RoCE = 22.02% (EBIT 1.83b / Capital Employed (Equity 8.16b + L.T.Debt 155.8m))
RoIC = 17.68% (NOPAT 1.44b / Invested Capital 8.16b)
WACC = 10.26% (E(37.04b)/V(37.19b) * Re(10.23%) + D(155.8m)/V(37.19b) * Rd(20.85%) * (1-Tc(0.21)))
Discount Rate = 10.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.25%
[DCF Debug] Terminal Value 74.51% ; FCFE base≈1.30b ; Y1≈1.59b ; Y5≈2.66b
Fair Price DCF = 162.3 (DCF Value 31.22b / Shares Outstanding 192.3m; 5y FCF grow 23.76% → 3.0% )
EPS Correlation: 73.66 | EPS CAGR: 6.89% | SUE: 0.06 | # QB: 0
Revenue Correlation: 84.34 | Revenue CAGR: 6.64% | SUE: -0.59 | # QB: 0
Additional Sources for GRMN Stock
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