Garmin (GRMN)

On 12 Nov 2026 Garmin closed at $286.18, +42.8% this year; market cap $55.41bn, P/E 27.5.

About

Consumer Discretionary · Consumer Electronics · NYSE · Switzerland

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; 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, which 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 Garmin Response; and dive devices. In addition, it 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, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Key figures

Market cap$55.41bn
P/E (trailing)27.5
EPS (TTM)$10.42
Beta0.90
Dividend$4.20
Dividend yield1.47%
Ex-dividend date11 Dec 2026
Latest report28 Oct 2026
Next earnings27 Jan 2027

Performance

YTD+42.8%
1Y+46.5%
3Y+37.3%
5Y+17.4%

Financials

YearRevenueNet incomeFree cash flow
2025$7.25bn$1.66bn$1.36bn
2024$6.30bn$1.41bn$1.24bn
2023$5.23bn$1.29bn$1.18bn
2022$4.86bn$973.59m$542.07m
2021$4.98bn$1.08bn$702.84m

Valuation

We publish no single base value for Garmin. Our valuation methods put it between $219.36 and $249.12 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate. See every method

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Data as of 12 Nov 2026. Not investment advice.