GRMN

Garmin Ltd

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Advanced Chart

232.000

+4.29(1.884%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

232.110

Open

229.000

VWAP

231.55

Vol

555.68K

Mkt Cap

44.67B

Low

228.890

Amount

128.67M

EV/EBITDA(TTM)

22.75

Total Shares

192.08M

41.17B

EV/OCF(TTM)

29.03

P/S(TTM)

6.83

Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.93B

+5.94%

2.413

+0.1%

1.70B

+7.01%

1.970

-1%

1.68B

+11.43%

1.864

+17.96%

Estimates Revision

The market is revising Upward the revenue expectations for Garmin Ltd. (GRMN) for FY2025, with the revenue forecasts being adjusted by 0.48% over the past three months. During the same period, the stock price has changed by 16.52%.

Revenue Estimates for FY2025

Revise Upward

+0.48%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.35%

In Past 3 Month

Stock Price

Go Up

+16.52%

In Past 3 Month

5 Analyst Rating

-23.06% Downside

Wall Street analysts forecast GRMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRMN is 178.50 USD with a low forecast of 152.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

2 Hold

3 Sell

Moderate Sell

-23.06% Downside

Current: 232.000

Low

152.00

Averages

178.50

High

215.00

-23.06% Downside

Current: 232.000

Low

152.00

Averages

178.50

High

215.00

JPMorgan

Neutral

maintain

$215 -> $250

2025-07-17

Reason

JPMorgan

Price Target

$215 -> $250

2025-07-17

maintain

Neutral

Reason

JPMorgan raised the firm's price target on Garmin to $250 from $215 and keeps a Neutral rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from "robust" cloud spending. However, underlying end market drivers for other customer verticals "remain a watchpoint" as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.

JP Morgan

Joseph Cardoso

Hold

Maintains

$260 → $220

2025-04-17

Reason

JP Morgan

Joseph Cardoso

Price Target

$260 → $220

2025-04-17

Maintains

Hold

Reason

JPMorgan lowered the firm's price target on Garmin to $220 from $260 and keeps a Neutral rating on the shares. The firm updated hardware and networking models to reflect its best view of the second order impact of the current macro uncertainty stemming from tariffs. JPMorgan now embeds a broader macro slowdown and associated demand moderation across most customer verticals into its estimates. The analyst expects a macro slowdown to lead to lower demand from consumers, as well as enterprises and telecom customers.

Tigress Financial

Ivan Feinseth

Strong Buy

Maintains

$265 → $285

2025-02-26

Reason

Tigress Financial

Ivan Feinseth

Price Target

$265 → $285

2025-02-26

Maintains

Strong Buy

Reason

JP Morgan

Joseph Cardoso

Hold

Maintains

$219 → $260

2025-02-20

Reason

JP Morgan

Joseph Cardoso

Price Target

$219 → $260

2025-02-20

Maintains

Hold

Reason

JPMorgan raised the firm's price target on Garmin to $260 from $219 and keeps a Neutral rating on the shares. The company reported another strong earnings beat for Q4 and provided full-year guidance for 2025 that aligns more with the high end of expectations heading into the print, the analyst tells investors in a research note. The firm now embeds a higher earnings multiple for the shares to better capture expectations of upside risk to estimates.

Barclays

George Wang

Sell

Maintains

$158 → $188

2025-02-20

Reason

Barclays

George Wang

Price Target

$158 → $188

2025-02-20

Maintains

Sell

Reason

Barclays raised the firm's price target on Garmin to $188 from $158 and keeps an Underweight rating on the shares. The company beat Q4 estimates, primarily led by the Outdoor and Fitness segment, the analyst tells investors in a research note. The firm says Garmin's fiscal 2025 guidance tracked toward the higher end of expectations despite sharply decelerating revenue growth.

Tigress Financial

Ivan Feinseth

Strong Buy

Maintains

$215 → $265

2024-12-16

Reason

Tigress Financial

Ivan Feinseth

Price Target

$215 → $265

2024-12-16

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Garmin Ltd (GRMN.N) is 28.99, compared to its 5-year average forward P/E of 23.19. For a more detailed relative valuation and DCF analysis to assess Garmin Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

23.19

Current PE

28.99

Overvalued PE

26.96

Undervalued PE

19.42

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

16.28

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

19.29

Undervalued EV/EBITDA

13.27

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

4.76

Current PS

0.00

Overvalued PS

5.69

Undervalued PS

3.83