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Stocks/Consumer Discretionary/Consumer Electronics

GarminGRMN

Consumer Electronics · Schaffhausen, Switzerland · In the S&P 500
High qualityPricier than peers
$272.67−2.60%After hours: $272.67 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 24.2% over 1 year
Garmin over 1 yearDaily close, $, to 30 Oct 2026
$200$250$300Nov2026MarMayJulSep$272.67$200$250$300NovMarJul$272.67
Source: Nasdaq daily closes
Market value$52.54B
Price to earnings26.2x
Forward P/E25.8x
Dividend yield1.54%
Year to date+34.4%
One year+24.2%
Next earningsNot scheduled
SectorConsumer Discretionary
52-week range (closes)
$187.10$313.16

Quality and valuation

How Garmin compares with other consumer discretionary stocks. A description, not a recommendation.

Garmin and 5 consumer electronics peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: pricier than most

A stronger business than most consumer discretionary companies, priced above most of them.

Garmin trades at 25.8 times the next 12 months of expected earnings, against a median of 19.5x for the 66 consumer discretionary stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +13.6% vs +8.1%
  • Keeps more of each sale (gross margin): 61.1% vs 40.5%
  • More profitable (operating margin): 28.8% vs 13.8%
  • Turns more of its sales into cash: 18.6% vs 10.1%
GRMN trades at 25.8x forward earnings, above the sector medianForward p/e, Consumer Electronics peers
BABA12.3xTM14.3xMCD19.6xHD21.4xAMZN25.7xGRMN25.8xTJX26.0xTSLA218.4xSector median 19.5xBABA12.3xTM14.3xMCD19.6xHD21.4xAMZN25.7xGRMN25.8xTJX26.0xTSLA218.4xSector median 19.5x
Source: CNBC quotes; Mostly Markets
At 26.2x earnings, GRMN is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
25x28x30xAverage 27.7x2025202626.2x25x30xAverage 27.7x2025202626.2x
Source: Nasdaq prices; SEC filings

Financials

From Garmin's SEC filings, through the quarter ending 26 Sep 2026. Hover or tap a bar for its value.

Revenue grew 12.2% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.0bnQ3 ’26$0bn$1bn$2bnQ4 ’24Q2 ’25Q4 ’25$2.0bnQ3 ’26
Source: SEC filings
Growth sped up to +12.2% last quarterRevenue growth, year on year, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2512.2%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2512.2%Q3 ’26
Source: SEC filings
Operating margin was 30.8% last quarterOperating income as a share of revenue, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’2530.8%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2530.8%Q3 ’26
Source: SEC filings
Free cash flow was $1.5 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$293mQ3 ’26$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$293mQ3 ’26
Source: SEC filings
Last 12 monthsGRMNSector median
Revenue growth+13.6%+8.1%
Gross margin61.1%40.5%
Operating margin28.8%13.8%
Free cash flow margin18.6%10.1%
Price to earnings26.2x21.0x

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