Garmin Ltd (GRMN)

NYSE · Technology · Scientific & Technical Instruments · Switzerland

Garmin Ltd is a large cap company (market value between $10 billion and $200 billion) in the Scientific & Technical Instruments industry.

Garmin creates and distributes location-based products and services designed for active lifestyles across five distinct sectors: fitness, outdoor recreation, aviation, marine, and automotive original equipment manufacturers. The company manufactures GPS-enabled wearables, navigation devices, sports equipment, aircraft systems, and related applications serving consumers and manufacturers globally.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Garmin Ltd stock.

Our verdict on GRMN

Undervalued: intrinsic value $397.96 per share, market price $290.35, margin of safety 27.0% (as of 2026-10-20).

A 9.7x revenue multiple, adjusted for growth and margin, values the shares at $397.96; the price of $290.35 is 27% below that value.

Leak Score: 77/100 on 11 of 12 signals (Clear Leak).

ETFs with the most weight in GRMN

17 more funds hold it; the full list is part of the paid plan.

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Is GRMN undervalued or overvalued?

GRMN is undervalued (as of the 2026-10-20 close). A 9.7x revenue multiple, adjusted for growth and margin, values the shares at $397.96; the price of $290.35 is 27% below that value.

What is the intrinsic value of GRMN?

$397.96 per share (as of the 2026-10-20 close), against a market price of $290.35. That is a margin of safety of 27.0%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is priced into GRMN stock?

The price pays less for each dollar of sales than its growth and margins justify. Times its sales the price pays: 7.0x. Multiple we apply for its growth and margins: 9.7x.

What is Garmin Ltd's Leak Score?

77 out of 100, which we rate "Clear Leak", on 11 of 12 value investing signals.