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Garmin Ltd

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Garmin Ltd
GRMN Consumer products
$282.66 ▲ +3.84%
+$10.46 today · as of 12 Sep 2026
71 S.I.F.T
S.I.F.T.™ Analysis
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Strong investment quality – all pillars healthy.
Last updated: 12 Sep 2026 · Confidence: 70%
Pillar Breakdown
🛡 Safety 65
Strong balance sheet and competitive moat provide good downside protection.
💰 Income 80
High cyclicality and lack of recurring revenue are limiting stability.
📊 Fundamentals 65
Strong growth but valuation is elevated.
⏱ Time 75
Shorter track record or weaker tailwinds.
🧠 Munger Reality Filter HOLD

Moderate moat driven by established brand in GPS, fitness wearables, and marine electronics with loyal customer base.

Strengths: Strong income_stability pillar at 80 with 2.41% dividend yield, Solid ROE of 15.85% and low debt_to_cfo ratio of 0.96, Long time_in_market score of 75 supporting resilience
Risks: Moderate safety and fundamentals scores at 65, Zero warchest_pct indicating limited cash reserves for opportunities or downturns
📈 Price History

Business Overview

Key Metrics
ROE (10yr)
15.9%
Debt / CFO
N/A
Div. Yield
0.00%
FCF Growth
0.0%

FAQ

Financial Details

Recent Quarters
Quarter Revenue Gross Profit EPS
No quarterly data available.
Segment Breakdown
Data Center 56%
Client 28%
Gaming 9%
Embedded 7%

Management

Leadership Summary
  • - Deep domain expertise in GPS technology and consumer electronics with long-tenured executives.
  • - Strategic focus on diversification across fitness, aviation, marine, and automotive segments.
  • - Emphasis on R&D investment leading to consistent product pipeline and market expansion.
  • - Disciplined financial management supporting strong margins and shareholder returns.
Track Record

Under current leadership since 2013, Garmin has delivered steady revenue growth averaging 8-10% annually, expanded into wearables and health tech, and grown market capitalization significantly while maintaining profitability.

Recent Commentary

“In the latest earnings call, CEO Cliff Pemble highlighted robust demand in the fitness segment and optimism for 2024 growth driven by new smartwatch launches and international markets.”

Analyst Reviews & Risks

Wall Street Consensus
4.6
out of 5 (Strong Buy)
Average Target: $485.00
Key Investment Risks
  • Moderate safety and fundamentals scores at 65
  • Zero warchest_pct indicating limited cash reserves for opportunities or downturns
Ownership & Sentiment

Institutional Ownership: N/A%

Short Interest: N/A%

AI Investment Thesis
  • Garmin maintains a leading position in the fitness and outdoor wearable market with strong brand loyalty and recurring software revenue.
  • Diversified business across consumer, aviation, marine, and automotive segments reduces cyclical risk and supports stable margins.
  • High gross margins above 55% and robust free cash flow generation enable consistent dividends and share buybacks.
  • Ongoing innovation in health monitoring, smartwatches, and connected ecosystems positions the company for secular growth in wellness tech.
  • Strong balance sheet with net cash position provides flexibility for M&A and R&D investment amid industry consolidation.
Key Catalysts & Risks
Catalysts
  • Launch of next-generation smartwatches with advanced health sensors driving upgrade cycles
  • Expansion into enterprise and B2B fitness solutions via partnerships
  • Aviation segment recovery and new FAA certifications boosting high-margin revenue
Risks
  • Intense competition from Apple Watch and Google Wear OS eroding market share
  • Consumer discretionary spending slowdown in a high-inflation environment
  • Supply chain disruptions and semiconductor cost inflation pressuring margins
Peer Comparison
Company P/E Rev Growth Gross Margin ROE Debt/Equity
NVDA N/A N/A% N/A% 60.22% 0.68
INTC N/A N/A% N/A% -5.53% 6.65
AVGO N/A N/A% N/A% 16.36% 2.72
AMD N/A N/A% N/A% 7.62% 1.83
  • ...

    Investors

     0

  • Ticker

     GRMN
  • ...

    Sector

     Consumer products

  • Current Price

     $282.66

  • S.I.F.T. Score

     71
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