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Garmin Ltd GRMN Stock Quote

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Last close prices updated as of Mar 21, 2023, 4:10 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 96.82
  • Sector Technology
  • Industry Scientific & Technical Instruments
  • Investment Style Large Blend
  • Day Range 96.58  –  98.12
  • Year Range 76.37  –  121.74
  • Market Cap 18.6308 Bil
  • Volume / Avg 407,178.0 /  890,560.7
  • Price / Sales 3.85
  • Price / Book 2.99
  • Forward Div Yield 3.02%
  • Trailing Div Yield 3.00%

Morningstar‘s Stock Analysis GRMN

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price


Economic Moat


Capital Allocation


Garmin Reports Solid Q4 but Outlook Underwhelming; Shares Attractive Given Resilient Moaty Segments

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Garmin posted a relatively solid fourth quarter given currency headwinds, reporting revenue in line with our forecast and earnings per share surpassing our model. However, management guided for a weaker outlook for the year than we were bracing for, partially due to less of a recovery from fitness segment normalization than we were expecting. This has long-term implications, in our view, as we think it indicates that pandemic habits have been easier to break than once expected, moderating the overall TAM. As a result, we are lowering our fair value estimate to $129 from $140 per share. Nonetheless, with shares hovering near $98 per share, narrow-moat Garmin’s shares remain appealing through our eyes. We remind investors that while Garmin’s fitness segment is substantial in size, we do not see it and the auto segment as contributing to Garmin’s narrow moat. Instead, we view outdoor, aviation, and marine as Garmin’s moaty crown jewels, and thus, we found it comforting that these segments held up the best in 2022, posting record full-year revenue.

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Key Statistics GRMN

Company Profile GRMN

Business Description

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.

Muhlentalstrasse 2
Schaffhausen, 8200, CHE
Industry Scientific & Technical Instruments
Employees 19,700

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FAQs for Garmin Ltd Stock

Yes. GRMN has a forward dividend yield of 3.02%. See GRMN’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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GRMN’s market cap is 18.63 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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GRMN’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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GRMN’s price/sales is 3.85.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

GRMN’s price/forward earnings is 18.87.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

GRMN’s price/book is 2.99.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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GRMN’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare GRMN’s historical performance against its industry peers and the overall market.