GRMN Share Price | Garmin Ltd. Stock Analysis & Recommendation

Q: How big is Garmin Ltd.?

As of Jun 18, Garmin Ltd. has a market capitalization of 39,219.07 million, categorizing it as a Large Cap company.As of Jun 18, the sum of Net Sales for the latest four quarters is 6,450.35 million, while the sum of Net Profit for the same period is 1,468.24 million.As of Dec 24, the reporting period shows Shareholder's Funds at 7,848.40 million and Total Assets at 9,630.53 million.

Q: What does Garmin Ltd. do?

Overview:Garmin Ltd. offers global positioning system (GPS) navigation and wireless devices and applications, operating within the Telecom - Equipment & Accessories industry and classified as a large-cap company.Financial Snapshot:Most recent Net Sales: 1,535 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 333 Million (Quarterly Results - Mar 2025) Market-cap: USD 39,219.07 Million (Large Cap)Key Metrics:P/E: 28.00 Dividend Yield: 110.78% Debt Equity: -0.33 Return on Equity: 17.95% Price to Book: 4.79 Contact Details:Address: Muehlentalstrasse 2, SCHAFFHAUSEN None: 8200 Tel: ['41 52 6301600', '1 913 3978200'] Website: http://www.garmin.com/

Q: Who are in the management team of Garmin Ltd.?

As of March 2022, the management team of Garmin Ltd. includes the following individuals:- Dr. Min Kao, who serves as the Executive Chairman of the Board.- Mr. Clifton Pemble, who is the President, Chief Executive Officer, and a Director.- Mr. Jonathan Burrell, who is an Independent Director.- Mr. Joseph Hartnett, who is also an Independent Director.- Ms. Catherine Lewis, who holds the position of Independent Director.- Mr. Charles Peffer, who is another Independent Director.This team is responsible for guiding the company's strategic direction and overseeing its operations.

Q: Is Garmin Ltd. overvalued or undervalued?

As of 12 September 2025, the valuation grade for Garmin Ltd. moved from attractive to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 28, an EV to EBITDA ratio of 21.25, and a PEG ratio of 3.81. In comparison to peers, Garmin's P/E ratio of 30.27 is lower than Apple, Inc.'s 35.56, which is deemed expensive, while Motorola Solutions, Inc. is rated fair with a P/E of 38.31.Garmin's recent stock performance has outpaced the S&P 500, with a one-year return of 39.67% compared to the S&P 500's 17.14%. This strong performance, combined with its attractive valuation ratios, reinforces the conclusion that Garmin Ltd. is currently undervalued in the market.

Q: Is Garmin Ltd. technically bullish or bearish?

As of 3 October 2025, the technical trend for Garmin Ltd. has changed from mildly bullish to bullish. The weekly and monthly MACD indicators are both bullish, supporting a positive outlook. Additionally, the Bollinger Bands are bullish on both time frames, and the daily moving averages also indicate bullish momentum. The Dow Theory confirms a bullish stance on both weekly and monthly charts, while the KST shows a bullish weekly signal but is mildly bearish monthly. The OBV is bullish monthly but shows no trend weekly.Garmin has outperformed the S&P 500 across multiple periods, with a year-to-date return of 24.91% compared to the S&P 500's 14.18%, and a one-year return of 51.53% versus 17.82%. Overall, the current technical stance is bullish, reflecting strong momentum and positive indicators.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

786.16 k

Shareholding (Sep 2025)

FII

11.99%

Held by 328 FIIs

DII

62.21%

Held by 39 DIIs

Promoter

0.01%

How big is Garmin Ltd.?

22-Jun-2025

As of Jun 18, Garmin Ltd. has a market capitalization of $39.22 billion, with net sales of $6.45 billion and net profit of $1.47 billion over the latest four quarters.

View full answer

What does Garmin Ltd. do?

22-Jun-2025

Garmin Ltd. specializes in GPS navigation and wireless devices, operating in the Telecom - Equipment & Accessories industry. As of March 2025, it reported net sales of $1.535 billion and a market cap of approximately $39.22 billion.

View full answer

Who are in the management team of Garmin Ltd.?

22-Jun-2025

As of March 2022, Garmin Ltd.'s management team includes Dr. Min Kao (Executive Chairman), Mr. Clifton Pemble (President and CEO), and four Independent Directors: Mr. Jonathan Burrell, Mr. Joseph Hartnett, Ms. Catherine Lewis, and Mr. Charles Peffer. They oversee the company's strategic direction and operations.

View full answer

Is Garmin Ltd. overvalued or undervalued?

20-Sep-2025

As of September 12, 2025, Garmin Ltd. is considered very attractive and undervalued, with a P/E ratio of 28, strong stock performance of 39.67% over the past year, and lower valuation ratios compared to peers like Apple and Motorola Solutions.

View full answer

Is Garmin Ltd. technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Garmin Ltd. has a bullish technical trend supported by positive MACD, Bollinger Bands, and moving averages, outperforming the S&P 500 with a year-to-date return of 24.91% compared to 14.18%.

View full answer

Compare Garmin Ltd. with Similar Stocks

Motorola Solutions, Inc.Apple, Inc.Ubiquiti, Inc.

Score

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Strong Sell

Sell

Hold

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Strong Buy

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Dashboard

High Management Efficiency with a high ROE of 17.48%

Company has a low Debt to Equity ratio (avg) at times

The company has declared Positive results for the last 6 consecutive quarters

With ROE of 17.95%, it has a fair valuation with a 5.03 Price to Book Value

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Industry

Telecom - Equipment & Accessories

Market cap

USD 39,346 Million (Large Cap)

P/E

28.00

Industry P/E

Dividend Yield

37.98%

Debt Equity

-0.30

Return on Equity

18.53%

Price to Book

4.64

Revenue and Profits:

Net Sales:

1,771 Million

(Quarterly Results - Sep 2025)

Net Profit:

402 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-3.9%

6 Months

-5.61%

1 Year

27.24%

2 Years

96.43%

3 Years

107.06%

4 Years

45.11%

5 Years

113.45%

Garmin Ltd. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

12.43%

EBIT Growth (5y)

14.24%

EBIT to Interest (avg)

100.00

Debt to EBITDA (avg)

Net Debt to Equity (avg)

-0.33

Sales to Capital Employed (avg)

0.79

Tax Ratio

16.46%

Dividend Payout Ratio

40.81%

Pledged Shares

Institutional Holding

58.59%

ROCE (avg)

26.09%

ROE (avg)

17.48%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

5.03

EV to EBIT

23.62

EV to EBITDA

21.25

EV to Capital Employed

6.99

EV to Sales

5.96

PEG Ratio

3.81

Dividend Yield

140.26%

ROCE (Latest)

29.58%

ROE (Latest)

17.95%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Mildly Bearish

RSI

No Signal

Bullish

Bollinger Bands

Mildly Bearish

Sideways

Moving Averages

Mildly Bearish (Daily)

KST

Mildly Bullish

Mildly Bearish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 133 Schemes (25.67%)

Foreign Institutions

Held by 328 Foreign Institutions (11.99%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Consolidate Net Profit",
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          "val2": "399.10",
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          "chgp_class": "positive"
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        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "275.80%",
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        "dir": -1
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    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
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          "field": "Net Sales",
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          "val2": "5,228.30",
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          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,773.70",
          "val2": "1,269.70",
          "chgp": "39.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
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          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Consolidate Net Profit",
          "val1": "1,411.40",
          "val2": "1,289.60",
          "chgp": "9.44%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "253.10%",
          "val2": "208.90%",
          "chgp": "4.42%",
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Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Sep'25

Sep'24

Change(%)

Net Sales

1,770.90

1,586.00

11.66%

Operating Profit (PBDIT) excl Other Income

505.90

481.70

5.02%

Interest

0.00

Exceptional Items

0.00

Consolidate Net Profit

401.60

399.10

0.63%

Operating Profit Margin (Excl OI)

257.90%

275.80%

-1.79%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Sep 2025 is 11.66% vs 24.15% in Sep 2024

Consolidated Net Profit

YoY Growth in quarter ended Sep 2025 is 0.63% vs 55.17% in Sep 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

6,296.90

5,228.30

20.44%

Operating Profit (PBDIT) excl Other Income

1,773.70

1,269.70

39.69%

Interest

0.00

Exceptional Items

0.00

Consolidate Net Profit

1,411.40

1,289.60

9.44%

Operating Profit Margin (Excl OI)

253.10%

208.90%

4.42%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 20.44% vs 7.57% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 9.44% vs 32.46% in Dec 2023

All Annual Results

Company CV

About Garmin Ltd.

Garmin Ltd.

Telecom - Equipment & Accessories

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.

Company Coordinates

Company Details

Muehlentalstrasse 2 , SCHAFFHAUSEN None : 8200

Tel: 41 52 63016001 913 3978200

http://www.garmin.com/

Registrar Details

Garmin Ltd.

1Day

52 Week

CASH

FII

DII

Promoter

How big is Garmin Ltd.?

Watch in Real-Time

What does Garmin Ltd. do?

Who are in the management team of Garmin Ltd.?

Is Garmin Ltd. overvalued or undervalued?

Is Garmin Ltd. technically bullish or bearish?

Compare Garmin Ltd. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

High Management Efficiency with a high ROE of 17.48%

Company has a low Debt to Equity ratio (avg) at times

The company has declared Positive results for the last 6 consecutive quarters

With ROE of 17.95%, it has a fair valuation with a 5.03 Price to Book Value

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Annual Results Snapshot (Consolidated) - Dec'24

About Garmin Ltd.

Company Coordinates