(GRMN) Garmin - Overview

Exchange: NYSE • Country: Switzerland • Currency: USD • Type: Common Stock • ISIN: CH0114405324

Stock:

Total Rating 58

Risk 92

Buy Signal 1.07

Scientific & Technical Instruments +3.8
Consumer Electronics +19.0

Market Cap: 46,160m
Avg Trading Vol: 221M USD

ATR: 3.26%
Peers RS (IBD): 78.38

Risk 5d forecast
Volatility	31.0%
Relative Tail Risk	-25.7%

Reward TTM
Sharpe Ratio	0.43
Alpha	-2.24

Character TTM
Beta	0.936
Beta Downside	1.644

Drawdowns 3y
Max DD	27.97%
CAGR/Max DD	1.45

EPS (Earnings per Share)

EPS CAGR: 27.86%
EPS Trend: 66.1%

Last SUE: 2.03
Qual. Beats: 1

Revenue

Rev. CAGR: 17.18%
Rev. Trend: 92.8%

Last SUE: 1.86
Qual. Beats: 1

Description: GRMN Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. The company offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; 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, 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 communication device; and Dive devices. In addition, the company designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products, digital switching products, trolling motors, and lighting products; and domain controllers and infotainment units, as well as software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income: 1.66b TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.47 > 1.0
NWC/Revenue: 62.50% < 20% (prev 60.80%; Δ 1.70% < -1%)
CFO/TA 0.15 > 3% & CFO 1.63b > Net Income 1.66b
Net Debt (-2.11b) to EBITDA (2.12b): -1.00 < 3
Current Ratio: 3.63 > 1.5 & < 3
Outstanding Shares: last quarter (193.8m) vs 12m ago 0.01% < -2%
Gross Margin: 58.74% > 18% (prev 0.59%; Δ 5816 % > 0.5%)
Asset Turnover: 70.26% > 50% (prev 65.38%; Δ 4.88% > 0%)
Interest Coverage Ratio: -22.58 > 6 (EBITDA TTM 2.12b / Interest Expense TTM -85.4m)

Altman Z'' 9.67

A: 0.41 (Total Current Assets 6.25b - Total Current Liabilities 1.72b) / Total Assets 10.99b
B: 0.63 (Retained Earnings 6.97b / Total Assets 10.99b)
C: 0.19 (EBIT TTM 1.93b / Avg Total Assets 10.31b)
D: 3.47 (Book Value of Equity 7.01b / Total Liabilities 2.02b)
Altman-Z'' Score: 9.67 = AAA

Beneish M -2.85

DSRI: 1.11 (Receivables 1.25b/983.4m, Revenue 7.25b/6.30b)
GMI: 1.00 (GM 58.74% / 58.70%)
AQI: 0.96 (AQ_t 0.29 / AQ_t-1 0.30)
SGI: 1.15 (Revenue 7.25b / 6.30b)
TATA: 0.00 (NI 1.66b - CFO 1.63b) / TA 10.99b)
Beneish M-Score: -2.85 (Cap -4..+1) = A

What is the price of GRMN shares?

As of February 27, 2026, the stock is trading at USD 254.16 with a total of 749,032 shares traded.
Over the past week, the price has changed by +5.99%, over one month by +22.83%, over three months by +31.04% and over the past year by +13.82%.

Is GRMN a buy, sell or hold?

Garmin has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold GRMN.

StrongBuy: 2
Buy: 0
Hold: 5
Sell: 2
StrongSell: 1

What are the forecasts/targets for the GRMN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	248.4	-2.3%
Analysts Target Price	248.4	-2.3%

GRMN Fundamental Data Overview February 21, 2026

P/E Trailing = 29.5684
P/E Forward = 24.9377
P/S = 6.3708
P/B = 4.8715
P/EG = 2.9763
Revenue TTM = 7.25b USD
EBIT TTM = 1.93b USD
EBITDA TTM = 2.12b USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 164.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -2.11b USD (from netDebt column, last quarter)
Enterprise Value = 43.59b USD (46.16b + Debt 164.8m - CCE 2.74b)
Interest Coverage Ratio = -22.58 (Ebit TTM 1.93b / Interest Expense TTM -85.4m)
EV/FCF = 31.98x (Enterprise Value 43.59b / FCF TTM 1.36b)
FCF Yield = 3.13% (FCF TTM 1.36b / Enterprise Value 43.59b)
FCF Margin = 18.81% (FCF TTM 1.36b / Revenue TTM 7.25b)
Net Margin = 22.96% (Net Income TTM 1.66b / Revenue TTM 7.25b)
Gross Margin = 58.74% ((Revenue TTM 7.25b - Cost of Revenue TTM 2.99b) / Revenue TTM)
Gross Margin QoQ = 59.21% (prev 59.09%)
Tobins Q-Ratio = 3.96 (Enterprise Value 43.59b / Total Assets 10.99b)
Interest Expense / Debt = 19.70% (Interest Expense 32.5m / Debt 164.8m)
Taxrate = 16.79% (106.7m / 635.4m)
NOPAT = 1.61b (EBIT 1.93b * (1 - 16.79%))
Current Ratio = 3.63 (Total Current Assets 6.25b / Total Current Liabilities 1.72b)
Debt / Equity = 0.02 (Debt 164.8m / totalStockholderEquity, last quarter 8.97b)
Debt / EBITDA = -1.00 (Net Debt -2.11b / EBITDA 2.12b)
Debt / FCF = -1.55 (Net Debt -2.11b / FCF TTM 1.36b)
Total Stockholder Equity = 8.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.14% (Net Income 1.66b / Total Assets 10.99b)
RoE = 19.72% (Net Income TTM 1.66b / Total Stockholder Equity 8.44b)
RoCE = 20.80% (EBIT 1.93b / Capital Employed (Total Assets 10.99b - Current Liab 1.72b))
RoIC = 19.43% (NOPAT 1.61b / Invested Capital 8.26b)
WACC = 9.39% (E(46.16b)/V(46.32b) * Re(9.36%) + D(164.8m)/V(46.32b) * Rd(19.70%) * (1-Tc(0.17)))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.32%
[DCF] Terminal Value 76.75% ; FCFF base≈1.31b ; Y1≈1.61b ; Y5≈2.68b
[DCF] Fair Price = 194.6 (EV 35.32b - Net Debt -2.11b = Equity 37.43b / Shares 192.3m; r=9.39% [WACC]; 5y FCF grow 23.76% → 2.90% )
EPS Correlation: 66.14 | EPS CAGR: 27.86% | SUE: 2.03 | # QB: 1
Revenue Correlation: 92.79 | Revenue CAGR: 17.18% | SUE: 1.86 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.85 | Chg7d=+0.137 | Chg30d=+0.137 | Revisions Net=-1 | Analysts=5
EPS current Year (2026-12-31): EPS=9.39 | Chg7d=+0.669 | Chg30d=+0.669 | Revisions Net=-2 | Growth EPS=+9.7% | Growth Revenue=+9.8%
EPS next Year (2027-12-31): EPS=10.08 | Chg7d=+0.628 | Chg30d=+0.628 | Revisions Net=+3 | Growth EPS=+7.4% | Growth Revenue=+7.9%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.0% (Discount Rate 9.4% - Earnings Yield 3.4%)
[Growth] Growth Spread = +3.7% (Analyst 9.6% - Implied 6.0%)

Additional Sources for GRMN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle