Garmin stock faces margin pressure as component costs rise
Garmin stock faces rising component costs as management weighs selective pricing measures. Its premium positioning may soften ...
Model output · Signal date 2026-11-06
Garmin Ltd (GRMN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
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90-day forecast
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
66.0%
Spearman, 357 dates
Market Cap
$55.03B
large-cap · #2 of 11 peers
Summary
Garmin Ltd (GRMN) stock forecast summary
Our AI scores Garmin Ltd every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Garmin Ltd is a large-cap company with a market capitalization of $55.03B. It ranks number 2 by market capitalization among the 11 Search, Detection, Navigation, Guidance, Aeronautical Sys issuers in our coverage with a current forecast. Its Net Margin of 25.6% is the highest of the 10 peers that report one.
For GRMN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 66.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, GRMN included.
Price
GRMN price chart and AI forecast
Cross-section · 2026-11-06
How GRMN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-26
Garmin Ltd (GRMN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Search, Detection, Navigation, Guidance, Aeronautical Sys peers listed below that report each metric.
Valuation & Market
| Metric | GRMN | Rank |
|---|---|---|
| Market Cap | $55.03B | 2/11 |
| P/E Ratio | 27.43x | 3/6 |
| P/B Ratio | 5.76x | 3/10 |
| Dividend Yield | 1.37% | – |
| EPS | $10.41 | – |
| Book Value/Share | $49.56 | – |
| Revenue/Share | $40.93 | – |
| FCF/Share | $7.62 | – |
Profitability & Margins
| Metric | GRMN | Rank |
|---|---|---|
| ROE | 21.1% | 2/9 |
| ROA | 16.8% | 1/10 |
| ROIC | 23.0% | 1/9 |
| Gross Margin | 61.1% | 2/8 |
| Operating Margin | 28.8% | 1/10 |
| Net Margin | 25.6% | 1/10 |
| EBT Margin | 30.7% | 1/10 |
| Tax Rate | 16.6% | – |
Financial Health
| Metric | GRMN | Rank |
|---|---|---|
| Current Ratio | 3.05x | 4/11 |
| Quick Ratio | 1.99x | 3/9 |
| D/E Ratio | 0.26x | 7/10 |
| Financial Leverage | 1.26x | 7/10 |
| Interest Coverage | 148.2x | 1/9 |
| Working Capital | $4.36B | 1/11 |
Cash Flow
| Metric | GRMN | Rank |
|---|---|---|
| Operating Cash Flow | $1.89B | 3/10 |
| Free Cash Flow | $1.47B | 3/10 |
| Capital Spending | -$419M | 8/10 |
| OCF Growth YoY | 20.7% | 5/7 |
| FCF Growth YoY | 10.2% | 6/7 |
| FCF/Sales | 18.6% | 2/9 |
| CapEx/Sales | 5.3% | 2/9 |
Operational Efficiency
| Metric | GRMN | Rank |
|---|---|---|
| Asset Turnover | 0.66x | 4/9 |
| Receivables Turnover | 6.9x | 5/9 |
| Inventory Turnover | 1.4x | 5/6 |
| Fixed Assets Turnover | 5.3x | 5/8 |
| Days Sales Outstanding | 53 days | 5/9 |
| Days Inventory | 268 days | 2/6 |
| Payables Period | 60 days | 2/8 |
| Cash Conversion Cycle | 261 days | 3/6 |
Income Statement
| Metric | GRMN | Rank |
|---|---|---|
| Total Revenue | $7.89B | 3/9 |
| Operating Income | $2.27B | 3/10 |
| Net Income | $2.02B | 3/10 |
| R&D Expense | $1.21B | 1/7 |
| SG&A Expense | $1.34B | 2/7 |
| Cost of Goods Sold | $3.07B | 3/8 |
Dividend & Shareholder Information
| Metric | GRMN | Rank |
|---|---|---|
| Dividends Per Share | $3.90 | – |
| Payout Ratio | 37.5% | – |
| Shares Outstanding | 193M | – |
| Net Income Growth | 28.4% | 2/7 |
| EPS Growth | 28.4% | 3/6 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $6.48B | 54.1% of assets |
| Cash & Short-term Investments | $2.04B | 17.0% of assets |
| Accounts Receivable | $1.14B | 9.5% of assets |
| Inventory | $2.25B | 18.8% of assets |
| Total Liabilities | $2.44B | 20.4% of assets |
| Short-term Debt | $1.63B | 13.6% of assets |
Quarterly Financial Reports
GRMN quarterly financials and insider trading
Industry Peers · Search, Detection, Navigation, Guidance, Aeronautical Sys
Garmin Ltd (GRMN) industry peers
Companies classified under the same SEC industry code as Garmin Ltd (Search, Detection, Navigation, Guidance, Aeronautical Sys): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| GRMN Garmin Ltd | $55.03B | |
| NOC Northrop Grumman Corp /De/ | $74.59B | |
| LHX L3harris Technologies, Inc. /De/ | $48.39B | |
| TDY Teledyne Technologies Inc | $28.48B | |
| DRS Leonardo Drs, Inc. | $9.08B | |
| LUNR Intuitive Machines, Inc. | $1.81B | |
| LYNX Lyntris Inc. | $1.69B | |
| NN Nextnav Inc. | $1.45B | |
| AERG Applied Energetics, Inc. | $196M | |
| CODA Coda Octopus Group, Inc. | $94M | |
| MIND Mind Technology, Inc | $30M |
Where GRMN sits on the market map
Manufacturing · Search, Detection, Navigation, Guidance, Aeronautical Sys
News
Garmin Ltd (GRMN) stock news
Garmin Ltd. stock faces component costs as pricing power is tested
Garmin stock traded at 252.35 euros on Lang & Schwarz at 17:08 CET on Friday, November 6, 2026. In the own report published ...
Garmin shares rise 3% as Q3 earnings beat forecasts and 2026 guidance increases
Garmin Ltd. (NYSE:GRMN) shares advanced 2.99% in pre-market trading on Wednesday after the wearable technology and navigation equipment manufacturer reported third-quarter 2026 earnings above analyst ...
FAQ
Garmin Ltd (GRMN) stock forecast FAQ
What is the Garmin Ltd (GRMN) stock forecast?
Our AI scores Garmin Ltd every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Garmin Ltd stock predictions?
For GRMN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 66.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 35.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Garmin Ltd forecasts updated?
Garmin Ltd forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Garmin Ltd's industry peers?
11 issuers in our coverage, GRMN included, share the SEC industry code Search, Detection, Navigation, Guidance, Aeronautical Sys. The largest are: Northrop Grumman Corp /De/ (NOC), L3harris Technologies, Inc. /De/ (LHX), Teledyne Technologies Inc (TDY), Leonardo Drs, Inc. (DRS), Intuitive Machines, Inc. (LUNR), Lyntris Inc. (LYNX).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.