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Garmin (GRMN) Stock Analysis

This is a peer-relative look at Garmin (GRMN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Consumer Durables & Apparel peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Garmin (GRMN)
Profile ItemGRMN
NameGarmin Ltd.
Country/RegionSwitzerland
GICS SectorConsumer Discretionary
GICS Industry GroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
GICS Sub-IndustryConsumer Electronics
Market Capitalization53.43 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateDecember 8, 2000
Security TypeCommon Stock

Price Performance

Cumulative Growth

GRMN
GSPC
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Garmin (GRMN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Garmin (GRMN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Garmin (GRMN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Total Return (1Y)18.48%-1.31%
Total Return (3Y, Annualized)40.24%1.12%
Total Return (5Y, Annualized)11.86%-2.96%

Risk Profile

Drawdown History

GRMN
GSPC
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Garmin (GRMN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Garmin (GRMN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Volatility (1Y, Annualized)34.03%44.83%
Beta (5Y)0.821.27
Max Drawdown (5Y)-53.62%-61.48%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. GRMN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Sharpe Ratio (1Y)0.42-0.14
Sortino Ratio (1Y)0.68-0.21

Profitability

ROE (TTM)

Garmin (GRMN) posts ROE of 21.89%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

GRMN

Consumer Durables & Apparel industry group

21.89%

Group distribution
Max
49.52%
Q3
23.50%
GRMN
21.89%
Median
12.27%
Q1
5.29%
Min
-8.59%
Largest peers
TPR
197.14%
SN
27.53%
NKE
22.14%
GRMN
21.89%
PHM
14.90%
SONY
13.16%
DHI
12.63%
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Where Garmin (GRMN) stands on ROE within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Garmin (GRMN) keeps 24.47% of revenue as net profit on net margin, above the industry benchmark range. That is unusually strong bottom-line conversion, though tax effects, asset sales, or other one-off gains should be checked before treating it as durable.

GRMN

Consumer Durables & Apparel industry group

24.47%

Group distribution
GRMN
24.47%
Max
19.09%
Q3
9.28%
Median
5.63%
Q1
1.90%
Min
-7.09%
Largest peers
GRMN
24.47%
TPR
19.09%
PHM
11.62%
SN
10.06%
DHI
9.15%
NKE
6.70%
SONY
-1.75%
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Where Garmin (GRMN) stands on net margin within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Garmin (GRMN) turns 30.44% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

GRMN

Consumer Durables & Apparel industry group

30.44%

Group distribution
GRMN
30.44%
Max
30.44%
Q3
14.61%
Median
8.63%
Q1
3.30%
Min
-5.53%
Largest peers
GRMN
30.44%
TPR
19.82%
SONY
16.72%
PHM
15.69%
DHI
12.99%
NKE
12.69%
SN
10.16%
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Where Garmin (GRMN) stands on operating margin within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
ROE (TTM)21.89%12.27%
ROA (TTM)12.17%5.53%
Net Margin (TTM)24.47%5.63%
Operating Margin (TTM)30.44%8.63%
Gross Margin (TTM)60.08%42.71%

Growth

Revenue Growth

Garmin (GRMN) grew revenue 15.06%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

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Garmin (GRMN): Revenue Growth across different time periods, set against Consumer Durables & Apparel industry-group medians.

EPS Growth

Garmin (GRMN) grew earnings per share 17.67%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

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Garmin (GRMN): EPS Growth across different time periods, set against Consumer Durables & Apparel industry-group medians.

Growth Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Revenue Growth (YoY)15.06%0.93%
Revenue Growth (3Y CAGR)14.24%-0.58%
EPS Growth (YoY)17.67%-16.33%
EPS Growth (3Y CAGR)19.45%-3.90%

Financial Strength

Current Ratio (MRQ)

Garmin (GRMN) has current ratio of 3.03, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

GRMN

Consumer Durables & Apparel industry group

3.03

Group distribution
Max
6.01
Q3
3.70
GRMN
3.03
Median
2.16
Q1
1.66
Min
0.57
Largest peers
PHM
7.27
DHI
6.01
GRMN
3.03
SN
2.08
NKE
1.96
TPR
1.75
SONY
1.25
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Where Garmin (GRMN) stands on current ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Garmin (GRMN) has debt-to-equity ratio of 0.03, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

GRMN

Consumer Durables & Apparel industry group

0.03

Group distribution
Max
2.45
Q3
1.25
Median
0.53
Q1
0.26
GRMN
0.03
Min
0.00
Largest peers
TPR
5.72
NKE
0.74
SN
0.32
DHI
0.29
SONY
0.21
PHM
0.19
GRMN
0.03
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Where Garmin (GRMN) stands on debt-to-equity ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Current Ratio (MRQ)3.032.16
Debt / Equity (MRQ)0.030.53
Net Debt / EBITDA-1.061.52

Dividends

Dividend Yield (TTM)

Garmin (GRMN) has dividend yield of 1.52%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

GRMN

Consumer Durables & Apparel industry group

1.52%

Group distribution
Max
4.61%
Q3
2.37%
GRMN
1.52%
Median
0.76%
Q1
0.00%
Min
0.00%
Largest peers
SONY
100.16%
NKE
4.20%
GRMN
1.52%
TPR
1.31%
DHI
1.21%
PHM
0.80%
SN
0.00%
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Where Garmin (GRMN) stands on dividend yield within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Garmin (GRMN) has payout ratio of 38.70%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

GRMN

Consumer Durables & Apparel industry group

38.70%

Group distribution
Max
100.00%
Q3
40.00%
GRMN
38.70%
Median
10.83%
Q1
0.00%
Min
0.00%
Largest peers
NKE
77.62%
GRMN
38.70%
TPR
22.01%
DHI
16.68%
SONY
13.10%
PHM
10.21%
SN
0.00%
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Where Garmin (GRMN) stands on payout ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
Dividend Yield (TTM)1.52%0.76%
Dividend Payout Ratio (TTM)38.70%10.83%

Valuation

P/E Ratio (TTM)

Garmin (GRMN) trades at P/E ratio of 28.56, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

GRMN

Consumer Durables & Apparel industry group

28.56

Group distribution
Max
43.70
GRMN
28.56
Q3
25.40
Median
17.03
Q1
13.13
Min
6.26
Largest peers
SN
35.31
GRMN
28.56
SONY
20.99
NKE
18.29
TPR
16.80
DHI
13.61
PHM
12.71
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Where Garmin (GRMN) stands on P/E ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Garmin (GRMN) trades at 6.96 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

GRMN

Consumer Durables & Apparel industry group

6.96

Group distribution
GRMN
6.96
Max
3.53
Q3
1.81
Median
0.97
Q1
0.52
Min
0.01
Largest peers
GRMN
6.96
SN
3.53
TPR
3.04
PHM
1.44
NKE
1.23
DHI
1.20
SONY
0.01
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Where Garmin (GRMN) stands on P/S ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Garmin (GRMN) trades at 5.92 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

GRMN

Consumer Durables & Apparel industry group

5.92

Group distribution
Max
7.69
GRMN
5.92
Q3
3.95
Median
2.08
Q1
1.13
Min
0.60
Largest peers
TPR
35.36
SN
8.59
GRMN
5.92
NKE
3.83
SONY
2.69
PHM
1.79
DHI
1.68
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Where Garmin (GRMN) stands on P/B ratio within its Consumer Durables & Apparel peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
MetricCurrent stock: GRMNIndustry group median
P/E Ratio (TTM)28.5617.03
P/S Ratio (TTM)6.960.97
P/B Ratio (MRQ)5.922.08
Free Cash Flow Yield (TTM)1.95%5.45%