GarminHAM:GEY +0.10%99 Days Payable is 44.12 as of Mar. 2026, which is 9% below its 10-year median of 48.62. GuruFocus rates HAM:GEY with a GF Score™ of 99/100 and a GF Value™ of €200.83 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,436 Hardware companies, Garmin ranks worse than 74.22% on this metric.
Garmin's average Accounts Payable for the
three
months ended in Mar. 2026 was €297 Mil. Garmin's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €615 Mil.
Hence, Garmin's Days Payable for the
three
months ended in Mar. 2026 was 44.12.
The historical rank and industry rank for Garmin's Days Payable or its related term are showing as below:
HAM:GEY'
s Days Payable Range Over the Past 10 Years
Min: 38.27 Med: 48.62 Max: 54.86
Current: 43.38
During the past 13 years, Garmin's highest Days Payable was 54.86. The lowest was 38.27. And the median was 48.62.
HAM:GEY's Days Payable is ranked worse than 74.22% of 2436
companies
in the Hardware industry
Industry Median: 69.91
vs HAM:GEY: 43.38
Garmin's Days Payable
declined
from Mar. 2025 (50.20) to Mar. 2026 (44.12).
It may suggest that Garminaccelerated paying its suppliers.
Garmin Days Payable Related Terms
Garmin Days Payable Historical Data
* Premium members only.
The historical data trend for Garmin's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:GEY vs KEYS, TDY, MKSI: Days Payable Comparison
For the Scientific & Technical Instruments subindustry, Garmin's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Garmin Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Garmin's Days Payable distribution charts can be found below:
* The bar in red indicates where Garmin's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Garmin's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Garmin (HAM:GEY) has a Days Payable of 44.12 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Garmin and its competitors. This is near median its historical median of 48.62. Over the past decade, Garmin's Days Payable has ranged from 38.27 to 54.86. According to the industry distribution chart, Garmin ranks #1808 out of 2436 companies in the Hardware industry, placing it in the top 74.2%.
Is Garmin's Days Payable too high?
Garmin's current Days Payable of 44.12 is near median its 10-year median of 48.62. Over the past 10 years, this metric has ranged from a low of 38.27 to a high of 54.86. The Hardware industry median Days Payable is 69.91. Garmin's value of 44.12 is 36.9% below this industry median. Based on the distribution chart, Garmin ranks #1808 out of 2436 companies in the Hardware industry, which is below the industry midpoint. Overall, Garmin has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's Days Payable compare to KEYS and TDY?
According to the Hardware industry distribution chart, Garmin ranks #1808 out of 2436 companies for Days Payable. This places Garmin in the lower half of its industry. The industry median Days Payable is 69.91. Garmin's value of 44.12 is 36.9% below this benchmark. Historically, Garmin's own Days Payable has ranged from 38.27 to 54.86 over the past decade. While the company's 10-year median is 48.62 vs. the industry median of 69.91, Garmin has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Hardware company?
The median Days Payable among Hardware companies is 69.91, based on 2,436 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garmin's current Days Payable of 44.12 is 36.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Garmin and its competitors. For the Hardware industry, the median Days Payable is 69.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garmin's current Days Payable is 44.12, which is near median its own 10-year median of 48.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garmin stock overvalued right now?
Based on GuruFocus' analysis, Garmin (HAM:GEY) is currently considered Fairly Valued. The stock's GF Value™ is €200.83, compared to a current price of €208.30 — trading 3.7% above its estimated fair value. The current Days Payable is 44.12, which is near median its 10-year median of 48.62 and 36.9% below the Hardware industry median of 69.91. Garmin's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Garmin (HAM:GEY), the current Days Payable is 44.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Garmin (HAM:GEY) Overvalued in 2026?
Based on GuruFocus' analysis, Garmin stock appears to be overvalued.
The current stock price of €208.30 is trading 3.7% above its estimated GF Value™ of €200.83.
GuruFocus considers Garmin to be Fairly Valued.
Key valuation signals for HAM:GEY:
Days Payable: 44.12 (near median its 10-year median of 48.62)
GF Value™: €200.83 vs. price of €208.30 (3.7% above fair value)
Industry Position: 36.9% below the Hardware median (#1808 of 2436)
No single metric tells the full story. See the HAM:GEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
99GF Score
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