Garmin (MEX:GRMN N) Moat Score: 7/10 (As of Jul. 11, 2026)


MEX:GRMN N Garmin Ltd MEX:GRMN N
92 GF Score
Price MXN4,167.45
GF Value MXN4,012.94
Valuation Fairly Valued
! 2 Warning Signs
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What is Garmin Moat Score?

Garmin MEX:GRMN N 92 Moat Score is 7 as of Jul. 11, 2026. GuruFocus rates MEX:GRMN N with a GF Score™ of 92/100 and a GF Value™ of MXN4,012.94 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,467 Hardware companies, Garmin ranks better than 99.76% on this metric.

Garmin has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Garmin has Wide Moat: Garmin Ltd benefits from strong brand strength, significant customer loyalty, and valuable intellectual property. The company has durable cost advantages through economies of scale and a superior distribution network, providing a robust competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Garmin might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Garmin  (MEX:GRMN N) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Garmin Moat Score Related Terms

MEX:GRMN N vs KEYS, TDY, MKSI: Moat Score Comparison

For the Scientific & Technical Instruments subindustry, Garmin's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, Garmin's Moat Score distribution charts can be found below:

* The bar in red indicates where Garmin's Moat Score falls into.


MEX:GRMN N
92GF Score
Garmin Ltd MEX:GRMN N
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 7 mean?
Garmin (MEX:GRMN N) has a Moat Score of 7 as of Jul. 11, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Garmin ranks #6 out of 2467 companies in the Hardware industry, placing it in the top 0.2%.
Is Garmin's Moat Score too high?
Garmin's current Moat Score is 7. Based on the distribution chart, Garmin ranks #6 out of 2467 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Garmin has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's Moat Score compare to KEYS and TDY?
According to the Hardware industry distribution chart, Garmin ranks #6 out of 2467 companies for Moat Score. This places Garmin in the top 0% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Garmin's current Moat Score is 7. 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 (MEX:GRMN N) is currently considered Fairly Valued. The stock's GF Value™ is MXN4,012.94, compared to a current price of MXN4,167.45 — trading 3.9% above its estimated fair value. The current Moat Score is 7. Garmin's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Garmin (MEX:GRMN N), the current Moat Score is 7 as of Jul. 11, 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 (MEX:GRMN N) Overvalued in 2026?

Based on GuruFocus' analysis, Garmin stock appears to be overvalued. The current stock price of MXN4,167.45 is trading 3.9% above its estimated GF Value™ of MXN4,012.94. GuruFocus considers Garmin to be Fairly Valued.

Key valuation signals for MEX:GRMN N:

  • Moat Score: 7
  • GF Value™: MXN4,012.94 vs. price of MXN4,167.45 (3.9% above fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the MEX:GRMN N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Garmin Business Description

Address Muhlentalstrasse 36/38, Schaffhausen, CHE, 8200
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.
92GF Score

Get the complete analysis for MEX:GRMN N

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN4,167.45
Price
MXN4,012.94
GF Value