Garmin Ltd. (Garmin) is a Switzerland-based entity. The Company and its subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments: fitness, outdoor, aviation, marine and auto. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. Garmin offers various products designed for use in fitness and activity tracking. Company’s aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles, and unmanned aerial vehicles. Company operates worldwide.
Market Dominance | Garmin's strong performance in Wearables and Fitness segments drives growth, but faces potential market saturation and increased competition |
Financial Outlook | Analysts project revenue deceleration and margin compression for 2025, with average price target around $152, reflecting concerns about growth sustainability |
Segment Challenges | Explore Garmin's diverse portfolio: Aviation's potential rebound, Marine's downcycle, and Auto OEM's softening market impact overall performance |
Strategic Imperatives | Discover how Garmin must navigate economic headwinds, innovate in wearables, and expand into new markets to maintain its competitive edge |
Metrics to compare | GRMN | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipGRMNPeersSector | |
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P/E Ratio | 27.1x | 16.1x | 10.8x | |
PEG Ratio | 0.61 | −0.37 | 0.02 | |
Price/Book | 5.5x | 1.6x | 1.4x | |
Price / LTM Sales | 6.9x | 0.9x | 1.0x | |
Upside (Analyst Target) | −15.0% | −12.6% | 18.9% | |
Fair Value Upside | Unlock | 17.6% | 6.2% | Unlock |