Garmin Ltd

Research Garmin Ltd (GRMN) on Bullrun: valuation model: 4.5% overvalued, market cap USD 51.46B, P/E 27.5, dividend yield 1.5%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

Valuation Snapshot

Bullrun's latest valuation model marks Garmin Ltd as 4.5% overvalued; latest market cap is USD 51.46B; P/E is 27.5; dividend yield is 1.5%.

Peer valuation comparison

Latest P/E is 27.51x versus a Technology sector median of 28.7x (4.2% below).

Latest dividend yield is 1.46% versus a Technology sector median of 1.8% (18.9% below).

Five-year financial history

YearRevenueNet incomeFree cash flowGross marginDiluted EPSCashTotal debtEquity
FY2025USD 7.25BUSD 1.66BUSD 1.36B58.7%8.59USD 2.28BUSD 164.84MUSD 8.97B
FY2024USD 6.30BUSD 1.41BUSD 1.24B58.7%7.3USD 2.08BUSD 134.89MUSD 7.85B
FY2023USD 5.23BUSD 1.29BUSD 1.18B57.5%6.71USD 1.69BUSD 113.04MUSD 7.01B
FY2022USD 4.86BUSD 973.59MUSD 543.97M57.7%5.04USD 1.28BUSD 114.54MUSD 6.20B

Valuation history

YearSnapshot dateMarket capP/EDividend yieldAnnual dividend/share
20262026-10-12USD 51.46B27.51.5%3.9
20252025-12-31USD 39.07B23.61.3%2.55
20242024-12-31USD 39.70B28.21.4%2.98
20232023-12-29USD 24.59B23.72.3%2.92
20222022-12-30USD 17.69B18.53.1%2.86
20212021-12-31USD 26.23B24.31.9%2.62

Dividend history

Latest trailing dividend snapshot: annual dividend/share 3.9 USD, yield 1.5%.

YearDividends/share
FY20252.55 USD
FY20242.98 USD
FY20232.92 USD
FY20221.34 USD

About Garmin Ltd

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data;

ETFs that hold Garmin Ltd

Garmin Ltd is one of the ten largest holdings of 6 ETFs that investors in Europe can buy, most traded first:

ETFWeightTER
Franklin Global Quality Dividend UCITS ETF2.39%0.30%
BNP PARIBAS EASY - ECPI Global ESG Blue Economy UCITS ETF Cap2.39%0.30%
First Trust Capital Strength UCITS ETF Class A USD Accumulation2.37%0.60%
Global X InternetofThings6.14%0.60%
Franklin Global Quality Dividend UCITS ETF USD Accumulation2.41%0.30%
BNP PARIBAS EASY - ECPI Global ESG Blue Economy UCITS ETF USD Capitalisation2.39%0.30%

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Frequently asked questions

Is Garmin Ltd overvalued or undervalued?

Bullrun's valuation model currently marks Garmin Ltd as 4.5% overvalued.

What is Garmin Ltd's market cap?

Garmin Ltd's market capitalization is USD 51.46B.

What is Garmin Ltd's P/E ratio?

Garmin Ltd's price-to-earnings (P/E) ratio is 27.5.

Does Garmin Ltd pay a dividend?

Garmin Ltd has a dividend yield of 1.5%.

What does Garmin Ltd do?

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices.