GARMIN LTD (GRMN) Stock Fundamental Analysis

NYSE:GRMN • CH0114405324

214.74 USD
+11.52 (+5.67%)
At close: Feb 13, 2026
214.74 USD
0 (0%)
After Hours: 2/13/2026, 8:14:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to GRMN. GRMN was compared to 60 industry peers in the Household Durables industry. GRMN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. GRMN is valued quite expensive, but it does show an excellent growth. These ratings would make GRMN suitable for growth and quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year GRMN was profitable.
  • GRMN had a positive operating cash flow in the past year.
  • GRMN had positive earnings in each of the past 5 years.
  • In the past 5 years GRMN always reported a positive cash flow from operatings.
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

  • The Return On Assets of GRMN (14.93%) is better than 98.33% of its industry peers.
  • With an excellent Return On Equity value of 18.53%, GRMN belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
  • The Return On Invested Capital of GRMN (16.88%) is better than 96.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GRMN is above the industry average of 9.16%.
  • The last Return On Invested Capital (16.88%) for GRMN is above the 3 year average (13.98%), which is a sign of increasing profitability.
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

  • Looking at the Profit Margin, with a value of 22.63%, GRMN belongs to the top of the industry, outperforming 98.33% of the companies in the same industry.
  • GRMN's Profit Margin has declined in the last couple of years.
  • GRMN has a better Operating Margin (25.61%) than 98.33% of its industry peers.
  • GRMN's Operating Margin has been stable in the last couple of years.
  • GRMN has a Gross Margin of 58.73%. This is amongst the best in the industry. GRMN outperforms 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

More info and screens

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.
  • The number of shares outstanding for GRMN has been increased compared to 1 year ago.
  • GRMN has more shares outstanding than it did 5 years ago.
  • GRMN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 14.66. This indicates that GRMN is financially healthy and has little risk of bankruptcy at the moment.
  • GRMN's Altman-Z score of 14.66 is amongst the best of the industry. GRMN outperforms 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 14.66
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

  • GRMN has a Current Ratio of 3.32. This indicates that GRMN is financially healthy and has no problem in meeting its short term obligations.
  • GRMN has a better Current ratio (3.32) than 61.67% of its industry peers.
  • GRMN has a Quick Ratio of 2.24. This indicates that GRMN is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.24, GRMN belongs to the top 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

More info and screens

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 21.91% over the past year.
  • The Earnings Per Share has been growing by 10.71% on average over the past years. This is quite good.
  • GRMN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.56%.
  • The Revenue has been growing by 10.88% on average over the past years. This is quite good.
EPS 1Y (TTM)21.91%
EPS 3Y8.34%
EPS 5Y10.71%
EPS Q2Q%0%
Revenue 1Y (TTM)16.56%
Revenue growth 3Y8.11%
Revenue growth 5Y10.88%
Sales Q2Q%11.66%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.78% on average over the next years. This is quite good.
  • Based on estimates for the next years, GRMN will show a quite strong growth in Revenue. The Revenue will grow by 8.92% on average per year.
EPS Next Y12.79%
EPS Next 2Y9.53%
EPS Next 3Y9.22%
EPS Next 5Y8.78%
Revenue Next Year15.95%
Revenue Next 2Y11.27%
Revenue Next 3Y10.24%
Revenue Next 5Y8.92%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 26.25, GRMN can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, GRMN is valued a bit more expensive than the industry average as 63.33% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 26.68, GRMN is valued at the same level.
  • A Price/Forward Earnings ratio of 24.19 indicates a rather expensive valuation of GRMN.
  • GRMN's Price/Forward Earnings is on the same level as the industry average.
  • GRMN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.25
Fwd PE 24.19
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GRMN indicates a slightly more expensive valuation: GRMN is more expensive than 70.00% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, GRMN is valued a bit more expensive than 60.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 31
EV/EBITDA 19.47
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)2.05
PEG (5Y)2.45
EPS Next 2Y9.53%
EPS Next 3Y9.22%

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 1.77%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.16, GRMN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.84, GRMN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.77%

5.2 History

  • The dividend of GRMN is nicely growing with an annual growth rate of 6.30%!
  • GRMN has been paying a dividend for at least 10 years, so it has 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

  • 40.42% of the earnings are spent on dividend by GRMN. This is a bit on the high side, but may be sustainable.
  • GRMN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP40.42%
EPS Next 2Y9.53%
EPS Next 3Y9.22%
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 (2/13/2026, 8:14:01 PM)

After market: 214.74 0 (0%)

214.74

+11.52 (+5.67%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)10-29
Earnings (Next)02-18
Inst Owners57.3%
Inst Owner Change-92.55%
Ins Owners15.1%
Ins Owner Change-0.24%
Market Cap41.30B
Revenue(TTM)6.94B
Net Income(TTM)1.57B
Analysts52
Price Target229.35 (6.8%)
Short Float %1.39%
Short Ratio2.33
Dividend
Industry RankSector Rank
Dividend Yield 1.77%
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 26.25
Fwd PE 24.19
P/S 5.95
P/FCF 31
P/OCF 26.42
P/B 4.87
P/tB 5.5
EV/EBITDA 19.47
EPS(TTM)8.18
EY3.81%
EPS(NY)8.88
Fwd EY4.13%
FCF(TTM)6.93
FCFY3.23%
OCF(TTM)8.13
OCFY3.79%
SpS36.1
BVpS44.08
TBVpS39.07
PEG (NY)2.05
PEG (5Y)2.45
Graham Number90.07
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 14.66
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)21.91%
EPS 3Y8.34%
EPS 5Y10.71%
EPS Q2Q%0%
EPS Next Y12.79%
EPS Next 2Y9.53%
EPS Next 3Y9.22%
EPS Next 5Y8.78%
Revenue 1Y (TTM)16.56%
Revenue growth 3Y8.11%
Revenue growth 5Y10.88%
Sales Q2Q%11.66%
Revenue Next Year15.95%
Revenue Next 2Y11.27%
Revenue Next 3Y10.24%
Revenue Next 5Y8.92%
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 26.25 and the Price/Book (PB) ratio is 4.87.


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

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