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How to buy Garmin (GRMN) stock

Learn how to easily invest in Garmin stock.

Garmin Ltd
NASDAQ: GRMN - USD
SCIENTIFIC & TECHNICAL INSTRUMENTS
$152.04
-$1.25 (-0.82%)

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 16,000 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Garmin

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GRMN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Garmin stock price (NASDAQ: GRMN)

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

Garmin shares at a glance

Information last updated 2021-07-22.
Latest market close$143.64
52-week range$90.51 - $150.17
50-day moving average $145.20
200-day moving average $134.17
Wall St. target price$145.71
PE ratio 27.628
Dividend yield $2.68 (1.76%)
Earnings per share (TTM) $5.47

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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 $143.64 from 2021-06-04

1 week (2021-07-17) N/A
1 month (2021-06-28) -0.44%
3 months (2021-04-28) 4.56%
6 months (2021-01-24) N/A
1 year (2020-07-24) N/A
2 years (2019-07-24) N/A
3 years (2018-07-24) N/A
5 years (2016-07-24) N/A

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 28x. In other words, Garmin shares trade at around 28x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

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 3.3306. 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 $1.3 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 $4.4 billion
Operating margin TTM 25.58%
Gross profit TTM $2.5 billion
Return on assets TTM 10.79%
Return on equity TTM 19.74%
Profit margin 23.88%
Book value $29.75
Market capitalisation $29 billion

TTM: trailing 12 months

Shorting Garmin shares

There are currently 2.2 million Garmin shares held short by investors – that's known as Garmin's "short interest". This figure is 16% up from 1.9 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 587477.77777778). Garmin's SIR currently stands at 3.78. In other words for every 100,000 Garmin shares traded daily on the market, roughly 3780 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 0.0156% of the tradable shares (for every 100,000 tradable Garmin shares, roughly 16 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: 22.03

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Garmin's overall score of 22.03 (as at 12/31/2018) is pretty good – landing it in it in the 21st 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: 6.37/100

Garmin's environmental score of 6.37 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: 10.84/100

Garmin's social score of 10.84 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: 7.82/100

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: 2019-01-01.

Total ESG score 22.03
Total ESG percentile 20.64
Environmental score 6.37
Environmental score percentile 4
Social score 10.84
Social score percentile 4
Governance score 7.82
Governance score percentile 4
Level of controversy 2

Garmin share dividends

46%

Dividend payout ratio: 46.3% of net profits

Recently Garmin has paid out, on average, around 46.3% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.76% 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 1.76% return on their shares, in the form of dividend payments. In Garmin's case, that would currently equate to about $2.68 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 30 March 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 September 2021 (the "ex-dividend date").

Have Garmin's shares ever split?

Garmin's shares were split on a 2:1 basis on 15 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 $90.5117 up to $150.17. A popular way to gauge a stock's volatility is its "beta".

GRMN.US volatility(beta: 1.05)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 1.0539. This would suggest that Garmin's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Garmin overview

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors.

Frequently asked questions

What percentage of Garmin is owned by insiders or institutions?
Currently 20.996% of Garmin shares are held by insiders and 54.435% by institutions.
How many people work for Garmin?
Latest data suggests 16,000 work at Garmin.
When does the fiscal year end for Garmin?
Garmin's fiscal year ends in December.
Where is Garmin based?
Garmin's address is: MUehlentalstrasse 2, Schaffhausen, Switzerland, 8200
What is Garmin's ISIN number?
Garmin's international securities identification number is: CH0114405324
What is Garmin's CUSIP number?
Garmin's Committee on Uniform Securities Identification Procedures number is: G37260109

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