Garmin Ltd. (G1RM34) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Garmin Ltd. BRL 89.50, price BRL 89.03, upside +0.5%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Garmin Ltd.
G1RM34 · SANeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$24.32 – R$102.47 · fair‑value band R$58.14 – R$130.42 · the R$89.03 price screens below the R$89.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Company profile
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
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Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including 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 transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Stock analysis
Garmin Ltd. (G1RM34) currently trades at R$89.03, while our model-based Fair Value estimate is R$89.50, so the stock looks roughly fairly valued today (gap 0.5%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$66.24 per share, and 1 of the 26 models we run sit above the R$89.03 price.
Bear case: the Asset-Based group reads lowest at R$10.17, and 25 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$58.14 (bear) to R$130.42 (bull), the price of R$89.03 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Garmin Ltd. reported revenue of $7.2B in FY2025 versus $4.9B in FY2022, a compound +14.2%/yr. Reported net income was $1.7B in FY2025, compounding +19.6%/yr from FY2022.
Key figures
Market cap R$235B (≈ $45.0B) · P/E ratio 26.3 · P/S ratio 6.03 · EPS (TTM) R$23.19 · Dividend yield 0.7% · Net margin 23.0% · Return on equity 19.9% · Return on assets (EBIT) 14.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at 1%, G1RM34 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 59
Revenue & earnings trend
Growth Forecast
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Compare Garmin Ltd. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Scientific & Technical Instruments · 145 stocks
Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $362.15 | $116.07 | −68% |
| Coherent Corp COHR | $292.21 | $98.35 | −66% |
| Garmin Ltd GRMN | $294.14 | $304.44 | +4% |
| Chroma ATE Inc 2360 | 2,295 TWD | 614.66 TWD | −73% |
| Teledyne Technologies Incorporated TDY | $605.59 | $666.15 | +10% |
| AVIC Chengdu Aircraft Company 302132 | ¥72.18 | ¥19.61 | −73% |
| MKS Inc MKSI | $260.82 | $199.90 | −23% |
| Fortive Corporation FTV | $56.09 | $35.20 | −37% |
| Trimble Inc TRMB | $57.85 | $29.24 | −49% |
| Cognex Corporation CGNX | $58.75 | $38.10 | −35% |
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