Skip to Content
Morningstar

Garmin Ltd GRMN

Morningstar Rating
Unlock
Stock XNYS Rating as of
$163.85 +1.08 (0.66%)
View Full Chart
As of Delayed Price Post-Trading: $163.85 0.00
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Garmin Is a Strong Player in GPS-Enabled Hardware

Julie Bhusal Sharma

Garmin specializes in GPS-enabled hardware and software for recreational and defense needs. The company became a household name with the debut of its automotive portable navigation device. However, as smartphone apps have disrupted the PND market, Garmin’s major revenue sources have shifted to its aviation and marine segments as well as its fitness and outdoor segments as the smartwatch market has taken off. We’re confident that Garmin will be able to uphold excess returns on capital in the long term, given the robust operating margins that we think the company will be able to maintain in its moaty segments: aviation, marine, and outdoors.

Read Full Report

Price vs Fair Value

View History
GRMN is trading at a 728% premium.
Price
$162.77
Fair Value
$359.00
Uncertainty
Medium
1-Star Price
$136.10
5-Star Price
$66.80
Economic Moat
Mjpdbds
Capital Allocation
Kdbyltxmt

Bulls Say, Bears Say

Bulls

We think Garmin will be able to slowly enter the commercial aircraft OEM space successfully, as partnerships continue between midsize and large aircraft OEMs.

Bears

New FAA modernization regulation could open the doors for new avionics entrants at the cost of Garmin’s foothold.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if GRMN is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$162.77
Day Range
$161.45–163.86
52-Week Range
$99.61–171.64
Bid/Ask
$161.09 / $166.30
Market Cap
$31.47 Bil
Volume/Avg
1.4 Mil / 919,307

Key Statistics

Price/Earnings (Normalized)
31.13
Price/Sales
5.73
Dividend Yield (Trailing)
1.79%
Dividend Yield (Forward)
1.84%
Total Yield
2.11%

Company Profile

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
Sector
Technology
Industry
Scientific & Technical Instruments
Stock Style Box
Large Core
Total Number of Employees
19,900
Website
https://www.garmin.com

Competitors

Valuation

View More
Metric
GRMN
005930
AAPL
Price/Earnings (Normalized)
 31.1325.4229.61
Price/Book Value
 4.311.3839.35
Price/Sales
 5.731.647.79
Price/Cash Flow
 24.128.4224.68
Price/Earnings
GRMN
005930
AAPL

Financial Strength

Metric
GRMN
005930
AAPL
Quick Ratio
 2.59—0.87
Current Ratio
 4.042.551.04
Interest Coverage
 —8.15—
Quick Ratio
GRMN
005930
AAPL

Profitability

Metric
GRMN
005930
AAPL
Return on Assets (Normalized)
 17.72%4.72%32.12%
Return on Equity (Normalized)
 21.81%6.10%165.09%
Return on Invested Capital (Normalized)
 20.28%4.99%62.77%
Return on Assets
GRMN
005930
AAPL
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Scientific & Technical Instruments Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
KYCCF
Keyence Corp—Wpwfz$107.6 Bil
HXGBY
Hexagon AB ADR—Dngp$29.9 Bil
HXGBF
Hexagon AB Class B—Wqcj$29.5 Bil
FTV
Fortive CorpRnhhkfgmmMdfnvv$25.7 Bil
KEYS
Keysight Technologies IncCrynlqymXjc$24.2 Bil
TDY
Teledyne Technologies Inc—Lztshx$18.7 Bil
TRMB
Trimble IncYgyvqqltlJjfgm$13.6 Bil
ST
Sensata Technologies Holding PLCMqggspnpJmtgwt$6.3 Bil
VNT
Vontier Corp Ordinary SharesYbhqfpjvqSrybcz$6.0 Bil

Sponsor Center