(GRMN) Garmin - Ratings and Ratios
Wearables, Avionics, Marine, Automotive, Outdoor
GRMN EPS (Earnings per Share)
GRMN Revenue
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.
GRMN Stock Overview
| Market Cap in USD | 47,744m |
| Sub-Industry | Consumer Electronics |
| IPO / Inception | 2000-12-12 |
GRMN Stock Ratings
| Growth Rating | 78.4% |
| Fundamental | 79.0% |
| Dividend Rating | 63.1% |
| Return 12m vs S&P 500 | 33.6% |
| Analyst Rating | 3.0 of 5 |
GRMN Dividends
| Dividend Yield 12m | 2.04% |
| Yield on Cost 5y | 5.72% |
| Annual Growth 5y | 5.56% |
| Payout Consistency | 98.9% |
| Payout Ratio | 40.3% |
GRMN Growth Ratios
| Growth Correlation 3m | 85.5% |
| Growth Correlation 12m | 57.5% |
| Growth Correlation 5y | 57.1% |
| CAGR 5y | 46.37% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.66 |
| CAGR/Mean DD 3y (Pain Ratio) | 10.54 |
| Sharpe Ratio 12m | 1.50 |
| Alpha | 36.24 |
| Beta | 0.988 |
| Volatility | 24.95% |
| Current Volume | 479.7k |
| Average Volume 20d | 580.7k |
| Stop Loss | 242.6 (-3%) |
| Signal | 0.82 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (1.57b TTM) > 0 and > 6% of Revenue (6% = 405.5m TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA -4.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 57.52% (prev 54.03%; Δ 3.49pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.13 (>3.0%) and CFO 1.34b <= Net Income 1.57b (YES >=105%, WARN >=100%) |
| Net Debt (-1.92b) to EBITDA (1.94b) ratio: -0.99 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (193.4m) change vs 12m ago 0.27% (target <= -2.0% for YES) |
| Gross Margin 58.94% (prev 57.68%; Δ 1.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 70.37% (prev 63.58%; Δ 6.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -15.56 (EBITDA TTM 1.94b / Interest Expense TTM -113.0m) >= 6 (WARN >= 3) |
Altman Z'' 8.55
| (A) 0.38 = (Total Current Assets 5.82b - Total Current Liabilities 1.93b) / Total Assets 10.32b |
| (B) 0.58 = Retained Earnings (Balance) 6.04b / Total Assets 10.32b |
| (C) 0.18 = EBIT TTM 1.76b / Avg Total Assets 9.60b |
| (D) 2.80 = Book Value of Equity 6.16b / Total Liabilities 2.20b |
| Total Rating: 8.55 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 78.96
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 2.49% = 1.24 |
| 3. FCF Margin 16.67% = 4.17 |
| 4. Debt/Equity 0.02 = 2.50 |
| 5. Debt/Ebitda -0.99 = 2.50 |
| 6. ROIC - WACC (= 8.86)% = 11.07 |
| 7. RoE 19.82% = 1.65 |
| 8. Rev. Trend 90.76% = 6.81 |
| 9. EPS Trend -9.68% = -0.48 |
What is the price of GRMN shares?
Over the past week, the price has changed by +1.39%, over one month by +5.38%, over three months by +8.24% and over the past year by +57.21%.
Is Garmin a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GRMN is around 288.22 USD . This means that GRMN is currently undervalued and has a potential upside of +15.21% (Margin of Safety).
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 | 218.3 | -12.7% |
| Analysts Target Price | 218.3 | -12.7% |
| ValueRay Target Price | 324.8 | 29.8% |
GRMN Fundamental Data Overview October 14, 2025
P/E Trailing = 30.5832
P/E Forward = 30.7692
P/S = 7.0646
P/B = 6.1062
P/EG = 3.7056
Beta = 0.988
Revenue TTM = 6.76b USD
EBIT TTM = 1.76b USD
EBITDA TTM = 1.94b USD
Long Term Debt = 148.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = unknown (none)
Debt = 148.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.92b USD (from netDebt column, last quarter)
Enterprise Value = 45.31b USD (47.74b + Debt 148.6m - CCE 2.59b)
Interest Coverage Ratio = -15.56 (Ebit TTM 1.76b / Interest Expense TTM -113.0m)
FCF Yield = 2.49% (FCF TTM 1.13b / Enterprise Value 45.31b)
FCF Margin = 16.67% (FCF TTM 1.13b / Revenue TTM 6.76b)
Net Margin = 23.21% (Net Income TTM 1.57b / Revenue TTM 6.76b)
Gross Margin = 58.94% ((Revenue TTM 6.76b - Cost of Revenue TTM 2.78b) / Revenue TTM)
Gross Margin QoQ = 58.80% (prev 57.62%)
Tobins Q-Ratio = 4.39 (Enterprise Value 45.31b / Total Assets 10.32b)
Interest Expense / Debt = 21.85% (Interest Expense 32.5m / Debt 148.6m)
Taxrate = 16.54% (79.4m / 480.3m)
NOPAT = 1.47b (EBIT 1.76b * (1 - 16.54%))
Current Ratio = 3.01 (Total Current Assets 5.82b / Total Current Liabilities 1.93b)
Debt / Equity = 0.02 (Debt 148.6m / totalStockholderEquity, last quarter 8.13b)
Debt / EBITDA = -0.99 (Net Debt -1.92b / EBITDA 1.94b)
Debt / FCF = -1.71 (Net Debt -1.92b / FCF TTM 1.13b)
Total Stockholder Equity = 7.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.19% (Net Income 1.57b / Total Assets 10.32b)
RoE = 19.82% (Net Income TTM 1.57b / Total Stockholder Equity 7.91b)
RoCE = 21.81% (EBIT 1.76b / Capital Employed (Equity 7.91b + L.T.Debt 148.6m))
RoIC = 18.54% (NOPAT 1.47b / Invested Capital 7.91b)
WACC = 9.69% (E(47.74b)/V(47.89b) * Re(9.66%) + D(148.6m)/V(47.89b) * Rd(21.85%) * (1-Tc(0.17)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.22%
[DCF Debug] Terminal Value 76.22% ; FCFE base≈1.22b ; Y1≈1.49b ; Y5≈2.48b
Fair Price DCF = 164.9 (DCF Value 31.75b / Shares Outstanding 192.5m; 5y FCF grow 23.76% → 3.0% )
EPS Correlation: -9.68 | EPS CAGR: -56.57% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.76 | Revenue CAGR: 18.40% | SUE: 2.62 | # QB: 1
Additional Sources for GRMN Stock
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