Key statistics

Is GRMN a good stock to buy in 2026?

Garmin Ltd. (GRMN) stock presents a mixed picture for investors in 2026, with a P/E ratio of 26.54x that is slightly below the Technology sector average of 28x, suggesting a relatively fair valuation based on earnings. However, a Discounted Cash Flow (DCF) analysis points to a fair value of $165.24, indicating a potential overvaluation of -30.9% at current price levels. While a significant portion of analysts (21.5%) rate GRMN as a Buy or Strong Buy, the consensus remains ‘Hold’, reflecting cautious optimism balanced with valuation concerns. Not investment advice.

2026 GRMN price scenarios

Based on analyst consensus of $269 from 28 analysts. Not a prediction by Alert Invest.

About Garmin Ltd. (GRMN)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories.

Garmin Ltd., under the leadership of CEO Clifton Albert Pemble, stands as a global leader in navigation, communication, and information devices. With approximately 21,800 employees, the company is renowned for its diverse product portfolio spanning automotive, aviation, marine, outdoor, and fitness markets. Garmin’s distinctive strengths lie in its vertically integrated business model, strong brand recognition, and a consistent focus on innovation, particularly in areas requiring precise GPS technology and robust hardware design. This strategy has enabled GRMN to maintain a competitive edge across various specialized markets.

GRMN competitive moat and business analysis

Garmin Ltd. demonstrates a robust competitive advantage, evident in its impressive net profit margin of 23.26%. This strong profitability allows GRMN to reinvest in research and development, further solidifying its market position. While specific ROE/ROIC data is currently unavailable, the high margins suggest efficient capital utilization within its operations. Garmin’s ability to command premium pricing for its specialized products, coupled with a loyal customer base, contributes significantly to its economic moat.

For fiscal year 2025, Garmin Ltd. continued to diversify its revenue streams across various segments and geographical regions, reflecting its global operational footprint. The company’s business model strategically targets niche markets in areas like fitness, outdoor recreation, aviation, and marine. This segment diversity, alongside its wide geographical distribution in the Americas, Asia Pacific, Australian Continent, Europe, the Middle East, and Africa, helps mitigate risks associated with reliance on any single market or product category, enhancing the stability of GRMN stock.

The competitive moat of Garmin appears to be strengthening, as indicated by its strong revenue growth of 15.1% year-over-year. This growth suggests that the company is successfully expanding its product lines and market reach, outpacing competitors in key areas. The continuous innovation in GPS technology, smartwatch capabilities, and specialized equipment underscores a commitment to staying ahead, reinforcing its brand reputation and customer lock-in despite evolving market dynamics.

When evaluating GRMN stock against its peers in the Hardware, Equipment & Parts industry, its diversified portfolio and strong brand presence often stand out. Comparing GRMN vs CLS, GRMN vs CTSH, or GRMN vs ERIC can offer deeper insights into specific valuation metrics or growth trajectories within the broader Technology sector. Garmin’s focus on consumer-facing niche markets differentiates it from some peers that might concentrate more on enterprise solutions or infrastructure.

Garmin Ltd. analyst rating

Based on 28 analysts. 21.5% rate GRMN Buy or Strong Buy.

Despite a consensus ‘Hold’ rating from 28 analysts, the fact that 21.5% of analysts rate GRMN as a ‘Buy’ or ‘Strong Buy’ indicates a notable segment of bullish sentiment within the Technology sector. This percentage, while not a majority, reflects underlying confidence in Garmin’s future prospects and its ability to deliver returns, even amidst a generally cautious outlook.

Is GRMN undervalued or overvalued?

Assessing GRMN valuation reveals a nuanced picture. With a P/E ratio of 26.54x, Garmin stock trades slightly below the Technology sector average of 28x. This suggests that, on an earnings multiple basis, GRMN is competitively valued relative to its industry peers. Other traditional valuation metrics like P/B at 4.97x and P/S at 6.18x also indicate a generally fair valuation, but these should be considered in context of Garmin’s strong profitability and specialized market positioning.

A deeper dive into GRMN valuation through a Discounted Cash Flow (DCF) model presents a more conservative outlook, yielding a fair value of $165.24. This figure implies a significant -30.9% overvaluation relative to the current market price. While DCF models are highly sensitive to assumptions, this substantial discrepancy suggests that the market may be pricing in higher growth or margins than a conservative cash flow analysis would support. Investors looking at GRMN stock should weigh these different valuation perspectives carefully, particularly when considering whether is GRMN a good stock at its current price.

GRMN financial health & key metrics

For value investors, Garmin’s financial health presents a compelling case in some areas, yet raises questions in others regarding GRMN valuation. The company boasts exceptionally low debt-to-equity at 0.02x and robust net margins of 23.26%, signaling strong operational efficiency and a healthy balance sheet. Revenue growth of 15.1% is impressive for a company of its size, indicating continued market expansion. However, the DCF fair value of $165.24 points to a potential overvaluation, which might deter strict value plays despite its competitive P/E ratio relative to the broader sector. Investors prioritizing financial stability and growth might find GRMN stock attractive, but caution is warranted regarding its intrinsic value.

Garmin Ltd. earnings history & next report

Garmin Ltd. reported EPS of $2.08, beating estimates by 13.04%. Next earnings: 2026-07-29 with EPS estimate of $2.29.

With Garmin Ltd.’s next earnings report scheduled for 2026-07-29, investors will be closely watching for several key indicators. Following the previous beat, where EPS of $2.08 surpassed estimates by 13.04%, the market has set an EPS estimate of $2.29 for the upcoming report. Investors should monitor whether Garmin can maintain its robust revenue growth, especially in its key segments like fitness and outdoor, and if it can continue to exceed profitability expectations. Any updates on supply chain health, product innovation pipelines, and guidance for future quarters will also be crucial for gauging the short-term trajectory of GRMN stock.

GRMN daily short volume

Short volume data from FINRA CNMS Consolidated — shares sold short in the most recent US trading session. A high short ratio can signal bearish conviction or a potential short squeeze. Updated every trading day.

GRMN insider trading activity

Corporate insiders must report trades to the SEC within two business days.

Source: SEC Form 4 via EDGAR · Data: Financial Modeling Prep · Not investment advice

Recent GRMN analyst rating changes

Garmin Ltd. stock news today

How does GRMN compare to its peers?

To gain a more comprehensive understanding of GRMN stock, it’s beneficial to compare Garmin’s performance and market position against its industry peers. This comparison can highlight relative strengths, weaknesses, and potential investment opportunities within the broader Technology sector, specifically among Hardware, Equipment & Parts companies.

FAQ — Garmin Ltd. (GRMN) stock