Garmin Ltd.

BRSE:011440532 Stock Report

Market Cap: CHF 36.5b

Garmin Valuation

Is 011440532 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 011440532 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 011440532 (CHF189.57) is trading below our estimate of future cash flow value (CHF217.7)

Significantly Below Future Cash Flow Value: 011440532 is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 011440532?

Key metric: As 011440532 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 011440532. This is calculated by dividing 011440532's market cap by their current earnings.
What is 011440532's PE Ratio?
PE Ratio26x
EarningsUS$1.74b
Market CapUS$45.17b

Price to Earnings Ratio vs Peers

How does 011440532's PE Ratio compare to its peers?

The above table shows the PE ratio for 011440532 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.1x
CFR Compagnie Financière Richemont
33.8x11.33%CHF 108.9b
6752 Panasonic Holdings
54.1x23.71%JP¥10.3t
A066570 LG Electronics
50.4x36.78%₩35.7t
6758 Sony Group
18.2x8.37%JP¥18.6t
011440532 Garmin
26x6.94%CHF 45.2b

Price-To-Earnings vs Peers: 011440532 is good value based on its Price-To-Earnings Ratio (26x) compared to the peer average (38.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 011440532's PE Ratio compare vs other companies in the European Consumer Durables Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
011440532 26.0xIndustry Avg. 13.5xNo. of Companies15PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 011440532 is expensive based on its Price-To-Earnings Ratio (26x) compared to the European Consumer Durables industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 011440532's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

011440532 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 011440532's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 011440532 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 206.53
0%
14.56%CHF 255.77CHF 173.14n/a7
Jun ’27n/a
CHF 206.53
0%
14.56%CHF 255.77CHF 173.14n/a7
May ’27CHF 204.22
CHF 204.51
+0.14%
14.16%CHF 250.05CHF 171.91n/a7
Apr ’27n/a
CHF 201.40
0%
12.83%CHF 247.64CHF 170.25n/a8
Mar ’27n/a
CHF 201.40
0%
12.83%CHF 247.64CHF 170.25n/a8
Feb ’27n/a
CHF 187.11
0%
16.48%CHF 246.57CHF 147.15n/a8
Jan ’27n/a
CHF 186.23
0%
16.83%CHF 246.59CHF 147.16n/a8
Dec ’26n/a
CHF 186.09
0%
17.44%CHF 245.55CHF 148.94n/a7
Nov ’26CHF 175.18
CHF 185.42
+5.84%
17.44%CHF 244.66CHF 148.40n/a7
Oct ’26CHF 193.24
CHF 174.01
-9.95%
21.30%CHF 243.09CHF 133.10n/a6
Sep ’26n/a
CHF 171.41
0%
19.27%CHF 228.45CHF 133.87n/a6
Aug ’26n/a
CHF 172.33
0%
20.04%CHF 231.49CHF 135.65n/a6
Jul ’26n/a
CHF 161.01
0%
18.84%CHF 231.12CHF 123.26n/a8
Jun ’26n/a
CHF 163.42
0%
18.84%CHF 234.59CHF 125.11n/a8
May ’26CHF 165.84
CHF 164.63
-0.73%
18.85%CHF 236.43CHF 126.10CHF 204.228
Apr ’26n/a
CHF 188.88
0%
16.31%CHF 251.75CHF 163.42n/a8
Mar ’26CHF 203.83
CHF 189.46
-7.05%
17.08%CHF 254.83CHF 161.94n/a8
Feb ’26CHF 188.06
CHF 171.94
-8.57%
16.46%CHF 236.98CHF 141.30n/a8
Jan ’26n/a
CHF 171.94
0%
16.46%CHF 236.98CHF 141.30n/a8
Dec ’25CHF 187.09
CHF 166.34
-11.09%
10.28%CHF 192.26CHF 141.29n/a8
Nov ’25n/a
CHF 153.39
0%
14.07%CHF 185.65CHF 128.75CHF 175.188
Oct ’25CHF 148.68
CHF 141.11
-5.09%
16.01%CHF 180.75CHF 111.81CHF 193.247
Sep ’25n/a
CHF 142.22
0%
11.15%CHF 162.86CHF 118.40n/a8
Aug ’25n/a
CHF 144.19
0%
11.15%CHF 165.11CHF 120.04n/a8
Jul ’25n/a
CHF 137.82
0%
12.08%CHF 160.20CHF 114.43n/a8
Jun ’25n/a
CHF 137.82
0%
12.08%CHF 160.20CHF 114.43n/a8
CHF 212.42
Fair Value
10.8% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/22 09:36
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/28
Annual Earnings2025/12/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Garmin Ltd. is covered by 28 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William PowerBaird
Dong WangBarclays
Amir RozwadowskiBarclays