Garmin Ltd. (GRMN)

FairStock Score: 69/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-26, Garmin traded at $292.92 with a $56.5B market value. The business quality is visible in the filed numbers: in fiscal 2025, revenue was $7.2B, net income $1.7B, and diluted EPS $8.59, versus $6.3B, $1.4B, and $7.30 in fiscal 2024. That is real growth, and FairStock's Lynch label is STALWART, citing 10.9% annual profit growth and 11.6% revenue growth over five years. The balance sheet is a Graham comfort: debt-to-equity is 0.03, Altman Z is 15.86, and ROE is 21.89%, though ROCE of 12.17% says capital returns are good rather than exceptional. Free cash flow is $1.6B, but the 2.8% FCF yield is thin at this price. Valuation is the rub. FairStock's P/E is 30.20, P/B 6.26, EV/EBITDA 23.58, and the Graham Number is $101.06, leaving a -190.66% margin of safety. The PEG of 0.86 is more forgiving, and the 70/100 FairStock score suggests quality, but Piotroski at 5/9 is mixed. My Graham instinct says the price already discounts a lot of steady compounding; my Buffett instinct says a low-debt, high-return franchise with a broad GPS and wearable product line plus Garmin Connect deserves a premium; still, these figures do not let me verify durable pricing power. I would want more cash yield or a wider discount before calling it a bargain.

In plain English: Garmin makes GPS devices and fitness and outdoor products, including smartwatches, cycling computers, and online tracking services. The business looks strong, with rising sales and profit in the last filed year and very little debt. At $292.92 on 2026-10-26, the shares look expensive compared with accounting value and a cautious value estimate, even though growth has been solid.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-28) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · fiscal Q1 2025 10-Q (period ended 2025-03-29) · FY2025 10-K (period ended 2025-12-27) · FY2024 10-K (period ended 2024-12-28) · FY2023 10-K (period ended 2023-12-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer