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How to buy Garmin stock | $95.38

Own Garmin stock in just a few minutes.

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Garmin Ltd is a scientific & technical instruments business based in the US. Garmin shares (GRMN) are listed on the NASDAQ and all prices are listed in US Dollars. Garmin employs 15,000 staff and has a trailing 12-month revenue of around USD$3.8 billion.

How to buy shares in Garmin

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Garmin Find the stock by name or ticker symbol: GRMN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Garmin reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$95.38, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Garmin, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Garmin. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Garmin share price

Use our graph to track the performance of GRMN stocks over time.

Garmin shares at a glance

Information last updated 2020-09-25.
Latest market closeUSD$95.38
52-week rangeUSD$61.04 - USD$106
50-day moving average USD$101.1686
200-day moving average USD$90.4273
Wall St. target priceUSD$106.71
PE ratio 19.1516
Dividend yield USD$2.44 (2.61%)
Earnings per share (TTM) USD$4.877

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Garmin stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Garmin price performance over time

Historical closes compared with the close of $95.38 from 2020-09-28

1 week (2020-09-24) 2.91%
1 month (2020-09-01) -8.28%
3 months (2020-07-01) -1.80%
6 months (2020-04-01) 33.57%
1 year (2019-10-01) 12.89%
2 years (2018-10-01) 36.55%
3 years (2017-09-29) 76.73%
5 years (2015-10-01) 169.59%

Is Garmin under- or over-valued?

Valuing Garmin stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Garmin's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Garmin's P/E ratio

Garmin's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Garmin shares trade at around 19x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Garmin's PEG ratio

Garmin's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.4764. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Garmin's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Garmin's EBITDA

Garmin's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1 billion.

The EBITDA is a measure of a Garmin's overall financial performance and is widely used to measure a its profitability.

Garmin financials

Revenue TTM USD$3.8 billion
Operating margin TTM 24.02%
Gross profit TTM USD$2.2 billion
Return on assets TTM 9.62%
Return on equity TTM 21.01%
Profit margin 24.82%
Book value $24.792
Market capitalisation USD$17.7 billion

TTM: trailing 12 months

Shorting Garmin shares

There are currently 2.5 million Garmin shares held short by investors – that's known as Garmin's "short interest". This figure is 5.1% down from 2.6 million last month.

There are a few different ways that this level of interest in shorting Garmin shares can be evaluated.

Garmin's "short interest ratio" (SIR)

Garmin's "short interest ratio" (SIR) is the quantity of Garmin shares currently shorted divided by the average quantity of Garmin shares traded daily (recently around 742424.17910448). Garmin's SIR currently stands at 3.35. In other words for every 100,000 Garmin shares traded daily on the market, roughly 3350 shares are currently held short.

However Garmin's short interest can also be evaluated against the total number of Garmin shares, or, against the total number of tradable Garmin shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Garmin's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Garmin shares in existence, roughly 10 shares are currently held short) or 0.0167% of the tradable shares (for every 100,000 tradable Garmin shares, roughly 17 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Garmin.

Find out more about how you can short Garmin stock.

Garmin's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Garmin.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Garmin's total ESG risk score

Total ESG risk: 24.2

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Garmin's overall score of 24.2 (as at 08/01/2020) is pretty good – landing it in it in the 27th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Garmin is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Garmin's environmental score

Environmental score: 5.4/100

Garmin's environmental score of 5.4 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Garmin's social score

Social score: 13.22/100

Garmin's social score of 13.22 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Garmin's governance score

Governance score: 4.59/100

Garmin's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Garmin is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Garmin's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Garmin scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Garmin has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Garmin Ltd was last rated for ESG on: 2020-08-01.

Total ESG score 24.2
Total ESG percentile 27.2
Environmental score 5.4
Environmental score percentile 4
Social score 13.22
Social score percentile 4
Governance score 4.59
Governance score percentile 4
Level of controversy 2

Garmin share dividends

48%

Dividend payout ratio: 47.54% of net profits

Recently Garmin has paid out, on average, around 47.54% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.61% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Garmin shareholders could enjoy a 2.61% return on their shares, in the form of dividend payments. In Garmin's case, that would currently equate to about $2.44 per share.

While Garmin's payout ratio might seem fairly standard, it's worth remembering that Garmin may be investing much of the rest of its net profits in future growth.

Garmin's most recent dividend payout was on 31 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 December 2020 (the "ex-dividend date").

Have Garmin's shares ever split?

Garmin's shares were split on a 2:1 basis on 16 August 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Garmin shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Garmin shares which in turn could have impacted Garmin's share price.

Garmin share price volatility

Over the last 12 months, Garmin's shares have ranged in value from as little as $61.04 up to $106. A popular way to gauge a stock's volatility is its "beta".

GRMN.US volatility(beta: 0.94)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Garmin's is 0.9404. This would suggest that Garmin's shares are less volatile than average (for this exchange).

Garmin overview

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and cameras, as well as mobile applications. The Aviation segment provides flight display, navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, and in-cockpit and cloud connectivity products; datalink weather receivers and services; engine information, traffic collision avoidance, and terrain awareness and warning systems; wearables, portables, and apps; and training, simulation, flight planning/filing, premium trip, and aviation data services. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, and digital switching equipment. The Outdoor segment offers outdoor handhelds, smartwatches, golf devices, and dog tracking and training devices; Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms; and Connect IQ application development platform. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

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