GRMN · NASDAQ · STOCK
Garmin
$308.65
52W $186.67 – $312.70
66/100
$59.96B
31.9
0.89
Is GRMN Bullish or Bearish?
Bullish.
Innellis AI committee rates Garmin (GRMN) Buy with a composite score of 66/100
, based on 6 analysts with 83% agreement.
Last updated August 09, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +9.36 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -10.64 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The primary driver is 3 consecutive earnings beats -- consistent execution. The main limiting factor is p/e of 31.9 is moderate-to-rich. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- ROE of 21.0% shows genuine earnings power backing the valuation — Value
- 3 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
Bear Case
- P/E of 31.9 is moderate-to-rich — Value
- Price-to-book of 4.4x prices in significant intangible value — Value
- RSI at 82 is in overbought territory — Technical
- Weekly RSI at 83 -- overbought on the larger timeframe too — Technical
- Bollinger bandwidth of 44.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 09, 2026
Overall Committee Score
66/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 9%
of 172 Technology peers
Value Analyst
neutral
54
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 21.0% shows genuine earnings power backing the valuation
− P/E of 31.9 is moderate-to-rich
Growth Analyst
bullish
77
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ 3 consecutive earnings beats -- consistent execution
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− RSI at 82 is in overbought territory
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 44.1% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.40 across 51 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 65.6 to 65.6.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
Comparing 2026-08-08 to 2026-08-09 (1 day apart).
Technical Analysis
RSI (14)
81.9
Overbought
MACD Histogram
5.130
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.87
Inside Bands
Price vs Moving Averages
EMA 9
$293.91
Above
EMA 21
$274.76
Above
EMA 50
$257.86
Above
EMA 200
$237.57
Above
Fundamental Analysis
Valuation
41
Growth
84
Profitability
98
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
31.9×
P/B Ratio
6.64×
PEG Ratio
1.64
Dividend Yield
1.21%
52W High
$312.70
52W Low
$186.67
Quality & Growth
ROE
1854.4%
ROA
1513.5%
Gross Margin
6008.1%
Operating Margin
2761.1%
Revenue Growth YoY
—
Debt / Equity
0.02
AI Fundamental Assessment
P/E ratio of 31.9 (rich relative to a 15-40x range); Price-to-book of 6.6x; PEG ratio of 1.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 18.5%; Return on assets of 15.1%; Net margin of 24.5%; Gross margin of 60.1%; Current ratio of 3.03 (healthy short-term liquidity); Debt-to-equity of 0.02; Free cash flow per share is positive (7.96); Most recent quarter beat estimates by 22.7%; 3 consecutive earnings beats; EPS growth accelerating (-25.4% -> +35.1% QoQ); Average YoY EPS growth of 29.5%; Analyst estimates falling over recent quarters
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