Garmin Ltd. (GRMN)
NYSE · Consumer Discretionary · market cap 45.11B
Share price
$274.40
At the last nightly close
Intrinsic value
$139.45
Range $139.45 – $171.86 — the conservative figure is the low end.
Margin of safety
-49.2%
($139.45 − $274.40) ÷ $274.40
EV / EBIT
65.5
On the median operating profit of 15 fiscal years through 2025.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-11-03.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2025-FY | 7.25B | 1.88B | 1.66B | 8.65 | 1.36B |
| 2024-FY | 6.30B | 1.59B | 1.41B | 7.35 | 1.24B |
| 2023-FY | 5.23B | 1.09B | 1.29B | 6.74 | 1.18B |
| 2022-FY | 4.86B | 1.03B | 973.6M | 5.06 | 544.0M |
| 2021-FY | 4.98B | 1.22B | 1.08B | 5.61 | 704.8M |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Garmin Q3 Earnings Call Highlights Growth and Cost Pressures — TradingView Newstradingview.com
- Garmin (GRMN) Earnings: Latest Report, Earnings Call & Financialspublic.com
- Garmin (GRMN) Stock Price: Oct 20 Close $290.35 | Gotradeheygotrade.com
- Garmin (GRMN) Stock Price, Quote, News & History | Benzingabenzinga.com
- Garmin (GRMN) Earnings Call Q3 2026 | Raised Full-Year Guidanceyoutube.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on GRMN.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.