GRMN

$198.69

Public overview and default valuation.

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Valuation Details
Default assumptions: 10Y forecast, 9% market return, 2.5% terminal growth, 3.70% trendline growth.
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$164.54

With 20% Margin of Safety (MoS):

$131.63
-33.75% downside
Capital Efficiency
Average Quarterly ROIC
6.71%
Cost of Capital (estimated)7%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.
Fundamental Score
55
NeutralWeighted across 6 signals
DCF Discount
33.8% premium to price
0
FCF Yield
4.7% trailing FCF yield
67
ROIC vs WACC
ROIC 6.7% vs WACC 7.0% (1.0x)
48
Net Debt / FCF
Net cash position
100
Buybacks
Share count growing
30
FCF CAGR (5Y)
17.0% 5Y FCF CAGR
100
Strengths: Net Debt / FCF, FCF CAGR (5Y). Concerns: DCF Discount, Buybacks.
Narrative Score
63
Improving
Weighted across 4 recent drivers · Last 30 daysVs 6-Month Baseline: High (97th pct)
Trend: Improving upConfidence: 87%Updated: 3h ago
Sources: 41 (News 38 · Analyst 3)
Drivers
11 regulatory scrutiny+0.7
27 news sentiment+0.6
2 analyst upgrades+0.0
Analyst reiterations0.0
Other Metrics
P/E24.3
Profit Margin22.6%
Owner Earnings$1.99b
One Dollar Premise42.00%
Debt/Equity0.23
Current Ratio3.44
PEG198.635
Free Cash Flow (in millions)
20052006200720082009201020112012201320142015201620172018201920202021202220232024
$274$458$842$989$1,151$807$864$730$687$601$365$802$813$1,080$819$1,323$1,322$1,034$1,571$1,794
How Intrinziq Estimates Fair Value

Intrinziq estimates Garmin Ltd.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Garmin Ltd.Technology

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Last updated: Feb 06, 2026
Data sources: Financial Modeling Prep
This valuation is based on assumptions and publicly available data. It is not financial advice or a recommendation to buy or sell any security. Always do your own research before making investment decisions.