Garmin (GRMN) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Garmin (GRMN), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

GRMN

GSPC

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.

Performance at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
1-Year Return	16.14%	19.21%

Risk

Drawdown

GRMN

GSPC

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.

Risk at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
1-Year Volatility	30.37%	42.84%
Beta	0.90	1.26

Company Profile

Company profile fields for Garmin (GRMN)
Profile Item	GRMN
Name	Garmin Ltd.
Country/Region	Switzerland
GICS Sector	Consumer Discretionary
GICS Industry Group	Consumer Durables & Apparel
GICS Industry	Household Durables
GICS Sub-Industry	Consumer Electronics
Market Capitalization	45.92 billion USD
Currency	USD
Exchange	NYSE
Listing Date	December 8, 2000
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Garmin (GRMN) trades at P/E ratio of 26.60, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

GRMN

Consumer Durables & Apparel industry group

26.60

Group distribution

Max: 54.36
Q3: 31.19
GRMN: 26.60
Median: 20.09
Q1: 14.00
Min: 6.58

Largest peers

TPR: 45.08
NKE: 29.56
RL: 26.74
GRMN: 26.60
SONY: 19.19
DHI: 14.47
PHM: 11.91

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.

Price-to-Sales Ratio (TTM)

Garmin (GRMN) trades at 6.15 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

6.15

Group distribution

GRMN: 6.15
Max: 3.79
Q3: 1.94
Median: 1.14
Q1: 0.58
Min: 0.01

Largest peers

GRMN: 6.15
TPR: 3.79
RL: 2.96
NKE: 1.43
PHM: 1.39
DHI: 1.31
SONY: 0.01

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.

Price-to-Book Ratio (MRQ)

Garmin (GRMN) trades at 4.95 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

4.95

Group distribution

Max: 8.87
GRMN: 4.95
Q3: 4.57
Median: 2.01
Q1: 1.11
Min: 0.60

Largest peers

TPR: 43.71
RL: 8.48
GRMN: 4.95
NKE: 4.72
SONY: 2.40
DHI: 1.86
PHM: 1.81

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 at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Price-to-Earnings Ratio (TTM)	26.60	20.09
Price-to-Sales Ratio (TTM)	6.15	1.14
Price-to-Book Ratio (MRQ)	4.95	2.01
Free Cash Flow Yield	1.76%	4.74%

Profitability

Return on Equity (TTM)

Garmin (GRMN) posts ROE of 19.90%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

GRMN

Consumer Durables & Apparel industry group

19.90%

Group distribution

Max: 35.09%
GRMN: 19.90%
Q3: 17.65%
Median: 9.44%
Q1: 4.31%
Min: -12.26%

Largest peers

TPR: 60.91%
RL: 34.66%
GRMN: 19.90%
PHM: 16.18%
NKE: 16.02%
DHI: 13.08%
SONY: 12.37%

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 Profit Margin (TTM)

Garmin (GRMN) keeps 23.26% 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

23.26%

Group distribution

GRMN: 23.26%
Max: 18.71%
Q3: 8.47%
Median: 4.93%
Q1: 1.51%
Min: -6.30%

Largest peers

GRMN: 23.26%
PHM: 12.14%
RL: 11.60%
DHI: 9.51%
TPR: 8.44%
NKE: 4.84%
SONY: -2.62%

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 Profit Margin (TTM)

Garmin (GRMN) turns 24.62% 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

24.62%

Group distribution

Max: 27.58%
GRMN: 24.62%
Q3: 13.23%
Median: 6.76%
Q1: 3.58%
Min: -9.19%

Largest peers

GRMN: 24.62%
TPR: 22.42%
RL: 13.37%
PHM: 13.14%
DHI: 11.26%
SONY: 7.55%
NKE: 6.94%

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 at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Return on Equity (TTM)	19.90%	9.44%
Return on Assets (TTM)	11.90%	5.20%
Net Profit Margin (TTM)	23.26%	4.93%
Operating Profit Margin (TTM)	24.62%	6.76%
Gross Profit Margin (TTM)	59.14%	40.92%

Financial Strength

Current Ratio (MRQ)

Garmin (GRMN) has current ratio of 4.36, 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

4.36

Group distribution

Max: 8.27
Q3: 4.43
GRMN: 4.36
Median: 2.38
Q1: 1.66
Min: 0.78

Largest peers

PHM: 7.14
DHI: 6.37
GRMN: 4.36
NKE: 2.14
RL: 2.13
TPR: 1.84
SONY: 1.18

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-to-Equity Ratio (MRQ)

Garmin (GRMN) has debt-to-equity ratio of 0.02, 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

0.02

Group distribution

Max: 2.92
Q3: 1.30
Median: 0.54
Q1: 0.20
GRMN: 0.02
Min: 0.00

Largest peers

TPR: 5.75
RL: 1.06
NKE: 0.79
DHI: 0.27
SONY: 0.20
PHM: 0.19
GRMN: 0.02

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 at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Current Ratio (MRQ)	4.36	2.38
Debt-to-Equity Ratio (MRQ)	0.02	0.54
Net Debt / EBITDA	-1.15	1.68

Dividends

Dividend Yield (TTM)

Garmin (GRMN) has dividend yield of 1.76%, 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

1.76%

Group distribution

Max: 4.45%
Q3: 2.09%
GRMN: 1.76%
Median: 0.84%
Q1: 0.00%
Min: 0.00%

Largest peers

NKE: 3.65%
GRMN: 1.76%
DHI: 1.17%
TPR: 1.09%
RL: 0.93%
PHM: 0.84%
SONY: 0.77%

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 40.18%, 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

40.18%

Group distribution

Max: 99.29%
Q3: 40.31%
GRMN: 40.18%
Median: 9.28%
Q1: 0.00%
Min: 0.00%

Largest peers

NKE: 106.58%
TPR: 47.26%
GRMN: 40.18%
RL: 24.16%
DHI: 15.96%
SONY: 14.25%
PHM: 9.28%

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.

Dividends at a Glance

Garmin (GRMN) metric values compared with Consumer Durables & Apparel industry-group medians
Metric	Current stock: GRMN	Industry group median
Dividend Yield (TTM)	1.76%	0.84%
Dividend Payout Ratio (TTM)	40.18%	9.28%