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Garmin (GRMN, Consumer Electronics) Stock Valuation & Fair Value Significantly overvalued

Garmin (GRMN, Consumer Electronics) trades at a blended P/E of 28.8, about 52% above its historical normal valuation, with a forward growth estimate of 11.5% and a PEG of 2.51. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 18.9 on the same blended earnings, the 2026-10-02 close of $281.16 corresponds to about $185 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
28.8
Normal P/E
18.9
PEG
2.51
Fwd growth
11.5%
Div yield
1.5%
RSI (14)
35.9
Neutral
Technical context
  • Price $268.44 at the 2026-10-08 close, 5.0% below the 20-day average ($282.71) and 7.0% below the 50-day ($288.72).
  • RSI (14) at 35.9.
  • 52-week range $184.06 to $311.95: the price is 13.9% below the high and 45.8% above the low.

The Street vs SeerForecast

Wall Street's mean price target for GRMN is $302.00 across 6 analysts, 12.5% above the current price. The average analyst rating is Hold. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from trading above its usual valuation (2026-06-03) to significantly overvalued (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 26.2 to 28.8 between 2026-06-03 and 2026-10-02, against a normal P/E of 18.9, with 1 rating change over 37 recorded weeks.2026-06-03: P/E 26.2, Trading above its usual valuation, recalculated for the week of 2026-06-032026-06-10: P/E 26.1, Trading above its usual valuation, recalculated for the week of 2026-06-102026-06-12: P/E 26.1, Trading above its usual valuation, recalculated for the week of 2026-06-142026-06-16: P/E 26.1, Trading above its usual valuation, recalculated for the week of 2026-06-162026-06-18: P/E 26.1, Trading above its usual valuation, recalculated for the week of 2026-06-212026-07-02: P/E 26.0, Trading above its usual valuation, recalculated for the week of 2026-07-022026-07-06: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-07-062026-07-09: P/E 26.3, Trading above its usual valuation, recalculated for the week of 2026-07-092026-07-10: P/E 26.6, Significantly overvalued, recalculated for the week of 2026-07-122026-07-13: P/E 26.6, Significantly overvalued, recalculated for the week of 2026-07-132026-07-14: P/E 26.6, Significantly overvalued, recalculated for the week of 2026-07-142026-07-20: P/E 27.2, Significantly overvalued, recalculated for the week of 2026-07-202026-07-22: P/E 27.2, Significantly overvalued, recalculated for the week of 2026-07-222026-07-24: P/E 26.4, Poor on forward returns, recalculated for the week of 2026-07-252026-07-27: P/E 26.4, Poor on forward returns, recalculated for the week of 2026-07-272026-07-31: P/E 31.7, Significantly overvalued, recalculated for the week of 2026-07-312026-07-31: P/E 31.3, Significantly overvalued, recorded live 2026-08-032026-08-07: P/E 32.0, Significantly overvalued, recalculated for the week of 2026-08-072026-08-07: P/E 32.9, Significantly overvalued, recorded live 2026-08-102026-08-14: P/E 32.9, Significantly overvalued, recalculated for the week of 2026-08-142026-08-14: P/E 32.9, Significantly overvalued, recorded live 2026-08-172026-08-21: P/E 30.8, Significantly overvalued, recalculated for the week of 2026-08-212026-08-21: P/E 31.0, Significantly overvalued, recorded live 2026-08-242026-08-27: P/E 31.0, Significantly overvalued, recalculated for the week of 2026-08-272026-08-28: P/E 30.4, Significantly overvalued, recalculated for the week of 2026-08-282026-08-28: P/E 29.9, Significantly overvalued, recalculated for the week of 2026-08-302026-08-28: P/E 29.9, Significantly overvalued, recorded live 2026-08-312026-09-04: P/E 28.8, Significantly overvalued, recalculated for the week of 2026-09-052026-09-04: P/E 28.8, Significantly overvalued, recorded live 2026-09-072026-09-11: P/E 29.2, Significantly overvalued, recalculated for the week of 2026-09-122026-09-11: P/E 29.2, Significantly overvalued, recorded live 2026-09-142026-09-18: P/E 28.3, Significantly overvalued, recalculated for the week of 2026-09-192026-09-18: P/E 28.3, Significantly overvalued, recorded live 2026-09-212026-09-25: P/E 30.2, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 30.2, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 28.8, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 28.8, Significantly overvalued, recorded live 2026-10-0520.025.030.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 18.9
Trading above its usual valuationSignificantly overvaluedPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 26.2+39%Trading above its usual valuation (recalculated)
2026-07-02P/E 26.0+38%Trading above its usual valuation (recalculated)
2026-07-12P/E 26.6+40%Significantly overvalued (recalculated)
2026-08-14P/E 32.9+74%Significantly overvalued (recalculated)
2026-10-05P/E 28.8+52%Significantly overvalued ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 26.2+39%Trading above its usual valuation (recalculated)
2026-06-10P/E 26.1+38%Trading above its usual valuation (recalculated)
2026-06-14P/E 26.1+38%Trading above its usual valuation (recalculated)
2026-06-16P/E 26.1+38%Trading above its usual valuation (recalculated)
2026-06-21P/E 26.1+38%Trading above its usual valuation (recalculated)
2026-07-02P/E 26.0+38%Trading above its usual valuation (recalculated)
2026-07-06P/E 26.3+39%Trading above its usual valuation (recalculated)
2026-07-09P/E 26.3+39%Trading above its usual valuation (recalculated)
2026-07-12P/E 26.6+40%Significantly overvalued (recalculated)
2026-07-13P/E 26.6+40%Significantly overvalued (recalculated)
2026-07-14P/E 26.6+40%Significantly overvalued (recalculated)
2026-07-20P/E 27.2+44%Significantly overvalued (recalculated)
2026-07-22P/E 27.2+44%Significantly overvalued (recalculated)
2026-07-25P/E 26.4+40%Poor on forward returns (recalculated)
2026-07-27P/E 26.4+40%Poor on forward returns (recalculated)
2026-07-31P/E 31.7+67%Significantly overvalued (recalculated)
2026-08-03P/E 31.3+65%Significantly overvalued
2026-08-07P/E 32.0+69%Significantly overvalued (recalculated)
2026-08-10P/E 32.9+74%Significantly overvalued
2026-08-14P/E 32.9+74%Significantly overvalued (recalculated)
2026-08-17P/E 32.9+74%Significantly overvalued
2026-08-21P/E 30.8+63%Significantly overvalued (recalculated)
2026-08-24P/E 31.0+64%Significantly overvalued
2026-08-27P/E 31.0+64%Significantly overvalued (recalculated)
2026-08-28P/E 30.4+61%Significantly overvalued (recalculated)
2026-08-30P/E 29.9+58%Significantly overvalued (recalculated)
2026-08-31P/E 29.9+58%Significantly overvalued
2026-09-05P/E 28.8+52%Significantly overvalued (recalculated)
2026-09-07P/E 28.8+52%Significantly overvalued
2026-09-12P/E 29.2+55%Significantly overvalued (recalculated)
2026-09-14P/E 29.2+55%Significantly overvalued
2026-09-19P/E 28.3+49%Significantly overvalued (recalculated)
2026-09-21P/E 28.3+49%Significantly overvalued
2026-09-26P/E 30.2+60%Significantly overvalued (recalculated)
2026-09-28P/E 30.2+60%Significantly overvalued
2026-10-03P/E 28.8+52%Significantly overvalued (recalculated)
2026-10-05P/E 28.8+52%Significantly overvalued ← now

Frequently asked questions

Is Garmin stock overvalued?

At a blended P/E of 28.8 versus its historical normal P/E of 18.9, Garmin trades about 52% above its typical valuation, with a PEG of 2.51 on 11.5% forward growth. tickerseer currently rates it significantly overvalued.

What is Garmin's fair value and PEG?

Garmin trades at a blended P/E of 28.8 against a historical normal P/E of 18.9, a PEG of 2.51, and a forward growth estimate of 11.5%. Priced at its historical normal P/E of 18.9 on the same blended earnings, the 2026-10-02 close of $281.16 corresponds to about $185 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Garmin changed?

tickerseer's rating moved from trading above its usual valuation (2026-06-03) to significantly overvalued (2026-10-05).

What is the analyst price target for Garmin?

The mean Wall Street price target for Garmin is $302.00 across 6 analysts, 12.5% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Consumer Electronics. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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