(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 | 41,346m |
| Sub-Industry | Consumer Electronics |
| IPO / Inception | 2000-12-12 |
GRMN Stock Ratings
| Growth Rating | 66.3% |
| Fundamental | 81.0% |
| Dividend Rating | 63.1% |
| Return 12m vs S&P 500 | -13.9% |
| Analyst Rating | 3.0 of 5 |
GRMN Dividends
| Dividend Yield 12m | 2.50% |
| Yield on Cost 5y | 4.94% |
| Annual Growth 5y | 5.56% |
| Payout Consistency | 98.9% |
| Payout Ratio | 40.3% |
GRMN Growth Ratios
| Growth Correlation 3m | 29.8% |
| Growth Correlation 12m | 50.7% |
| Growth Correlation 5y | 57.7% |
| CAGR 5y | 33.90% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.21 |
| CAGR/Mean DD 3y (Pain Ratio) | 7.43 |
| Sharpe Ratio 12m | 1.49 |
| Alpha | -15.45 |
| Beta | 0.988 |
| Volatility | 46.44% |
| Current Volume | 894.6k |
| Average Volume 20d | 672.7k |
| Stop Loss | 197.8 (-3%) |
| Signal | -0.61 |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (1.57b TTM) > 0 and > 6% of Revenue (6% = 416.6m TTM) |
| FCFTA 0.09 (>2.0%) and ΔFCFTA -4.82pp (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 0.10 (>3.0%) and CFO 1.08b <= 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) 81.02
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 2.33% = 1.16 |
| 3. FCF Margin 13.07% = 3.27 |
| 4. Debt/Equity 0.02 = 2.50 |
| 5. Debt/Ebitda -0.95 = 2.50 |
| 6. ROIC - WACC (= 8.23)% = 10.29 |
| 7. RoE 19.26% = 1.60 |
| 8. Rev. Trend 89.79% = 6.73 |
| 9. EPS Trend 79.29% = 3.96 |
What is the price of GRMN shares?
Over the past week, the price has changed by -5.11%, over one month by -20.83%, over three months by -11.01% and over the past year by -1.22%.
Is Garmin a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GRMN is around 213.78 USD . This means that GRMN is currently overvalued and has a potential downside of 4.8%.
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 | 13.3% |
| Analysts Target Price | 231.1 | 13.3% |
| ValueRay Target Price | 240.9 | 18.1% |
GRMN Fundamental Data Overview November 01, 2025
P/E Trailing = 26.5395
P/E Forward = 30.7692
P/S = 5.955
P/B = 6.1062
P/EG = 3.7056
Beta = 0.988
Revenue TTM = 6.94b USD
EBIT TTM = 1.83b USD
EBITDA TTM = 2.02b USD
Long Term Debt = 134.9m USD (from capitalLeaseObligations, last fiscal year)
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 = 38.96b USD (41.35b + Debt 155.8m - CCE 2.54b)
Interest Coverage Ratio = -28.49 (Ebit TTM 1.83b / Interest Expense TTM -64.3m)
FCF Yield = 2.33% (FCF TTM 907.4m / Enterprise Value 38.96b)
FCF Margin = 13.07% (FCF TTM 907.4m / 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 = 3.70 (Enterprise Value 38.96b / 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 = -2.11 (Net Debt -1.92b / FCF TTM 907.4m)
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 = 22.08% (EBIT 1.83b / Capital Employed (Equity 8.16b + L.T.Debt 134.9m))
RoIC = 17.92% (NOPAT 1.44b / Invested Capital 8.05b)
WACC = 9.69% (E(41.35b)/V(41.50b) * Re(9.66%) + D(155.8m)/V(41.50b) * Rd(20.85%) * (1-Tc(0.21)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.25%
[DCF Debug] Terminal Value 76.22% ; FCFE base≈1.05b ; Y1≈1.28b ; Y5≈2.14b
Fair Price DCF = 142.2 (DCF Value 27.35b / Shares Outstanding 192.3m; 5y FCF grow 23.76% → 3.0% )
EPS Correlation: 79.29 | EPS CAGR: 15.15% | SUE: 0.17 | # QB: 0
Revenue Correlation: 89.79 | Revenue CAGR: 11.70% | SUE: -0.59 | # QB: 0
Additional Sources for GRMN Stock
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