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Upturn AI Summary - About
Garmin Ltd(GRMN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for GRMN
10/12/2026: GRMN (3-star) is currently NOT-A-BUY. Pass it for now.
Garmin Ltd is a specialized technology company known for designing and manufacturing premium GPS-enabled products for fitness, aviation, and marine markets. The company benefits from a diversified business model and a reputation for hardware durability, which has historically allowed for strong operating margins. Its primary investment story centers on capturing long-term growth in wearable health tech and advanced aviation systems. Key risks include intense competition from consumer electronics giants like Apple and potential cyclicality in its industrial business segments. Garmin may best suit investors looking for a stable, debt-free company with a consistent record of dividend returns and steady, long-term technological development.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Garmin offers steady growth rather than explosive, hyper-growth trajectory. |
| Momentum investor | Strong fit while signal remains positive | The stock often exhibits steady, consistent momentum driven by seasonal product launches. |
| Value investor | Mixed fit | The company typically trades at a premium valuation due to its quality and market position. |
| Dividend investor | Strong fit | Garmin has a long-standing reputation for reliable dividend payments and disciplined capital allocation. |
| Low-risk investor | Strong fit | Garmin's strong balance sheet and lack of debt make it a relatively stable consumer-tech holding. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | As a consumer-facing tech company, the stock can react to cyclical retail demand fluctuations. |
| Valuation risk | Medium | Investors often pay a premium for Garmin's earnings stability, which limits margin of safety. |
| Competition risk (Apple/Google Ecosystem) | High | Massive competitors have greater resources to integrate health features into smartphones, threatening Garmin's wearable segment. |
| Business quality | Strong | Garmin has a highly durable business model with defensible niches in aviation and specialized fitness. |
| Dividend income | Low / none | The dividend is secure, posing little risk to income-focused investors. |
| Execution risk | Medium | Continued success depends on timely product innovation in highly competitive consumer markets. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 36.19% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/12/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 51.75B USD | Price to earnings Ratio 27.69 | 1Y Target Price 302 |
Price to earnings Ratio 27.69 | 1Y Target Price 302 | ||
Volume (30-day avg) 818.2K shares | Beta 0.83 | 52 Weeks Range 183.64 - 313.07 | Updated Date 10/12/2026 |
52 Weeks Range 183.64 - 313.07 | Updated Date 10/12/2026 | ||
Dividends yield (FY) 1.56% | Basic EPS (TTM) 9.69 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fitness | Smartwatches and activity trackers. | Major revenue driver that competes with popular smartphones but focuses on athletes. |
| Aviation | Flight displays and navigation systems. | Highly specialized, high-margin business with deep industry moats. |
| Outdoor | Handheld GPS and satellite communicators. | Essential gear for professional and recreational outdoor enthusiasts. |
| Marine | Fishfinders, sonar, and chartplotters. | Strong secondary segment with high brand loyalty in boating communities. |
| Geography | Global sales across Americas, EMEA, and APAC. | Well-diversified revenue base across major global markets. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 27.69 | Forward PE 24.81 | Enterprise Value 52.41B | Price to Sales(TTM) 6.75 |
Enterprise Value 52.41B | Price to Sales(TTM) 6.75 | ||
Enterprise Value to Revenue 6.83 | Enterprise Value to EBITDA 22.67 | Shares Outstanding 192.85M | Shares Floating 164.50M |
Shares Outstanding 192.85M | Shares Floating 164.50M | ||
Percent Insiders 14.7 | Percent Institutions 58.31 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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