GarminMEX:GRMN N +7.65%89 OCF Margin % is 30.57% as of Mar. 2026, which is 35% above its 10-year median of 22.65. GuruFocus rates MEX:GRMN N with a GF Score™ of 89/100 and a GF Value™ of MXN4,003.83 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,469 Hardware companies, Garmin ranks better than 91.86% on this metric.
OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Garmin's Cash Flow from Operations for the
three
months ended in Mar. 2026 was MXN9,665 Mil. Garmin's Revenue for the
three
months ended in Mar. 2026 was MXN31,620 Mil. Therefore, Garmin's OCF Margin % for the quarter that ended in Mar. 2026 was 30.57%.
The historical rank and industry rank for Garmin's OCF Margin % or its related term are showing as below:
MEX:GRMN N'
s OCF Margin % Range Over the Past 10 Years
Min: 16.22 Med: 22.65 Max: 27.47
Current: 23.25
During the past 13 years, the highest OCF Margin % of Garmin was 27.47%. The lowest was 16.22%. And the median was 22.65%.
MEX:GRMN N's OCF Margin % is ranked better than 91.86% of 2469
companies
in the Hardware industry
Industry Median: 5.28
vs MEX:GRMN N: 23.25
Garmin OCF Margin % Related Terms
Garmin OCF Margin % Historical Data
* Premium members only.
The historical data trend for Garmin's OCF Margin % 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.
MEX:GRMN N vs KEYS, TDY, MKSI: OCF Margin % Comparison
For the Scientific & Technical Instruments subindustry, Garmin's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Garmin's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Garmin's OCF Margin % falls into.
* 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 (MEX:GRMN N) has a OCF Margin % of 30.57% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Garmin and its competitors. This is 35% above median its historical median of 22.65. Over the past decade, Garmin's OCF Margin % has ranged from 16.22 to 27.47. According to the industry distribution chart, Garmin ranks #201 out of 2469 companies in the Hardware industry, placing it in the top 8.1%.
Is Garmin's OCF Margin % too high?
Garmin's current OCF Margin % of 30.57% is 35% above median its 10-year median of 22.65. Over the past 10 years, this metric has ranged from a low of 16.22 to a high of 27.47. The Hardware industry median OCF Margin % is 5.28. Garmin's value of 30.57% is 479% above this industry median. Based on the distribution chart, Garmin ranks #201 out of 2469 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Garmin has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garmin's OCF Margin % compare to KEYS and TDY?
According to the Hardware industry distribution chart, Garmin ranks #201 out of 2469 companies for OCF Margin %. This places Garmin in the top 8% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 5.28. Garmin's value of 30.57% is 479% above this benchmark. Historically, Garmin's own OCF Margin % has ranged from 16.22 to 27.47 over the past decade. While the company's 10-year median is 22.65 vs. the industry median of 5.28, Garmin has consistently been above 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 OCF Margin % for a Hardware company?
The median OCF Margin % among Hardware companies is 5.28, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garmin's current OCF Margin % of 30.57% is 479% above 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Garmin and its competitors. For the Hardware industry, the median OCF Margin % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garmin's current OCF Margin % is 30.57%, which is 35% above median its own 10-year median of 22.65. 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 MXN4,003.83, compared to a current price of MXN4,392.00 — trading 9.7% above its estimated fair value. The current OCF Margin % is 30.57%, which is 35% above median its 10-year median of 22.65 and 479% above the Hardware industry median of 5.28. Garmin's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Garmin (MEX:GRMN N), the current OCF Margin % is 30.57% 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 (MEX:GRMN N) Overvalued in 2026?
Based on GuruFocus' analysis, Garmin stock appears to be overvalued.
The current stock price of MXN4,392.00 is trading 9.7% above its estimated GF Value™ of MXN4,003.83.
GuruFocus considers Garmin to be Fairly Valued.
Key valuation signals for MEX:GRMN N:
OCF Margin %: 30.57% (35% above median its 10-year median of 22.65)
GF Value™: MXN4,003.83 vs. price of MXN4,392.00 (9.7% above fair value)
Industry Position: 479% above the Hardware median (#201 of 2469)
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 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.
89GF Score
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