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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
10/26/2026: GRMN (3-star) is currently NOT-A-BUY. Pass it for now.
Garmin Ltd is a globally recognized manufacturer of GPS-enabled navigation and wearable technology, operating across the aviation, marine, fitness, outdoor, and automotive segments. The company has a leading position in niche hardware markets, supported by a vertically integrated business model and a debt-free balance sheet. Its primary growth opportunity lies in its expanding ecosystem of health-tracking wearables and integrated software for aviation and marine sectors. Key risks include intense competition from consumer electronics giants and cyclical sensitivity to discretionary spending. Garmin may suit investors seeking a stable, financially disciplined technology company with a regular dividend, though shareholders should monitor its ability to defend market share against general-purpose smart devices.
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 | Strong fit | The company shows consistent long-term growth in its fitness and aviation segments. |
| Momentum investor | Mixed fit | Performance is steady but often lacks the explosive volatility typically sought by momentum traders. |
| Value investor | Mixed fit | The stock often trades at a premium due to its strong balance sheet and brand position. |
| Dividend investor | Strong fit | Garmin provides a reliable dividend backed by a debt-free balance sheet. |
| Low-risk investor | Strong fit | The lack of debt and diversified product portfolio reduces overall investment risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock can experience corrections if consumer discretionary spending slows down. |
| Valuation risk | Medium | Investors often pay a premium for Garmin's consistent operational execution. |
| Competition risk (Smartphone integration) | High | General-purpose phones threaten to replace dedicated devices in entry-level segments. |
| Business quality | Strong | The company has a history of high margins and disciplined capital allocation. |
| Dividend income | Low | The dividend is stable, though growth may not outpace higher-yielding sectors. |
| Execution risk | Low | Management has consistently delivered on R&D and product cycles for decades. |
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 10/26/2026 |
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 56.65B USD | Price to earnings Ratio 30.31 | 1Y Target Price 306.71 |
Price to earnings Ratio 30.31 | 1Y Target Price 306.71 | ||
Volume (30-day avg) 841.0K shares | Beta 0.83 | 52 Weeks Range 183.64 - 313.07 | Updated Date 10/25/2026 |
52 Weeks Range 183.64 - 313.07 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 1.42% | Basic EPS (TTM) 9.69 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fitness and Outdoor | Smartwatches, heart rate monitors, and handheld navigation. | This is the primary growth driver, appealing to health-conscious consumers. |
| Aviation | Integrated flight decks and specialized navigation systems. | A highly profitable, stable segment with high barriers to entry. |
| Marine | Sonar, chartplotters, and trolling motors. | Strong brand presence among recreational and professional fishermen. |
| Geography | Global sales across Americas, EMEA, and APAC. | Geographical diversity helps balance regional economic fluctuations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-28 | When Before Market | Estimate 2.38 | Actual - |
Profitability
Profit Margin 24.47% | Operating Margin (TTM) 30.44% |
Management Effectiveness
Return on Assets (TTM) 12.17% | Return on Equity (TTM) 21.89% |
Valuation
Trailing PE 30.31 | Forward PE 24.81 | Enterprise Value 52.41B | Price to Sales(TTM) 7.38 |
Enterprise Value 52.41B | Price to Sales(TTM) 7.38 | ||
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 14.69 | Percent Institutions 58.12 |
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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