Garmin Ltd. (GRMN) is a Technology stock trading at $277.10 (as of 2026-09-03), with a market capitalization of $53.44B and a trailing P/E of 30.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising 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 transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Garmin designs and sells GPS-connected wireless devices, from running and cycling watches to marine chartplotters and cockpit avionics, to consumers, marine dealers, and airline OEMs. Fitness is the growth engine at 31% of revenue, while marine, aviation, and outdoor segments fund steady cash flow from institutional and enthusiast buyers.
Garmin controls the full device stack, from custom silicon to the Connect software platform, across five non-overlapping verticals, sustaining 59% gross margins without ever competing in mass-market consumer electronics.
| Fitness | $0.6B |
| Outdoor | $0.4B |
| Marine | $0.4B |
| Aviation | $0.3B |
| Auto OEM | $0.2B |
| Other | $0.0B |
Business quality (Solid): A high-margin, diversified device maker posting 59% gross margins and 19% ROE, trading 16% below its semiconductor-industry P/E multiple. Business quality grade: Solid.
Valuation: At 32× earnings, GRMN trades 16% below the Semiconductors average (39×).
| Price | $277.10 |
| Market Cap | $53.44B |
| P/E Ratio | 30.8 |
| EV / EBITDA | 24.0 |
| Price / Book | 5.76 |
| Price / Sales | 7.16 |
| FCF Yield | 2.6% |
| DCF Value (model) | $181.08 |
| DCF Upside vs Price | -34.7% |
| Revenue (TTM) | $7.25B |
| Net Margin | 23.0% |
| Revenue Growth (YoY) | 14.2% |
| EPS Growth (YoY) | 21.4% |
| FCF Growth (YoY) | 23.3% |
| Altman Z-Score | 18.44 (safe) |
| Stock P/E | 30.8 |
| Sector P/E (Technology) | 32.2 |
| Industry P/E (Electronic Equipment) | 37.4 |
| vs Sector | -4.3% |
| vs Industry | -17.6% |
| Sector | Technology |
| Industry | Electronic Equipment |
| CEO | Clifton Albert Pemble |
| Employees | 21,800 |
| Country | CH |
| IPO Date | 2000-12-08 |
Data as of 2026-09-03.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.