# GRMN · Garmin Ltd Snapshot 2026-10-26 · CIK 0001121788 · NYSE · Search, Detection, Navagation, Guidance, Aeronautical Sys Price 293.74 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 56.65 B Machine-readable: https://theclaudetrader.com/s/GRMN.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 60.0 (partial: 2b) · complete: False · missing tests: 2b · current inputs as of 2025-12-27 · stale inputs: Revenue, current_assets, current_liabilities, equity · history 2013–2025 · price 2026-10-23 · verification {'verified': 9, 'mismatch': 0, 'unverified': 20, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 7.25 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 3.03 · threshold >= 2.0 · points 15.0/15 - 2b Long-term debt vs working capital: None · threshold <= 1.0 · points None/15 - 3 Positive earnings each of 10 years: 10 of 10 · threshold 10 of 10 · points 15.0/15 - 4 Dividends every year for 20 years: 20 of 20 · threshold 20 of 20 · points 15.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 2.33 -> 7.53 (+223%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 39.0 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 6.27, product 244.6 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 293.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 7245519000.0 · 2025-12-27 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - current_assets: 6308612000.0 · 2026-06-27 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - current_liabilities: 2083173000.0 · 2026-06-27 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - equity: 9029013000.0 · 2026-06-27 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - Net income FY2016: 517724000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000161577419002739/ · unverified - Net income FY2017: 709007000.0 · 2017-12-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000156459020005133/ · unverified - Net income FY2018: 694080000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ · unverified - Net income FY2019: 952486000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · unverified - Net income FY2020: 992324000.0 · 2020-12-26 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified - Net income FY2021: 1082200000.0 · 2021-12-25 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Net income FY2022: 973585000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Net income FY2023: 1289636000.0 · 2023-12-30 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2024: 1411436000.0 · 2024-12-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2025: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Dividend years (Yahoo): [2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/GRMN/history?filter=div · verified (partly: XBRL covers 8 of 20 years) - Dividends per share FY2013 (XBRL): 0.9 · 2013-12-28 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1121788/000114420415010586/ · verified - Dividends per share FY2014 (XBRL): 0.96 · 2014-12-27 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1121788/000114420415010586/ · verified - Dividends per share FY2017 (XBRL): 1.53 · 2017-12-30 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1121788/000156459020005133/ · verified - Dividends per share FY2018 (XBRL): 2.12 · 2018-12-29 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ · verified - Dividends per share FY2019 (XBRL): 2.28 · 2019-12-28 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · verified - Dividends per share FY2020 (XBRL): 2.44 · 2020-12-26 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · verified - Dividends per share FY2021 (XBRL): 2.68 · 2021-12-25 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · verified - Dividends per share FY2022 (XBRL): 1.34 · 2022-12-31 · SEC XBRL CommonStockDividendsPerShareCashPaid · https://www.sec.gov/Archives/edgar/data/1121788/000095017023016873/ · verified - EPS diluted FY2014: 1.88 · 2014-12-27 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000161577417000765/ · unverified - EPS diluted FY2015: 2.39 · 2015-12-26 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000161577418001344/ · unverified - EPS diluted FY2016: 2.73 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000161577419002739/ · unverified - EPS diluted FY2023: 6.71 · 2023-12-30 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - EPS diluted FY2024: 7.3 · 2024-12-28 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - EPS diluted FY2025: 8.59 · 2025-12-27 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Shares outstanding: 192852536.0 · 2026-07-24 · SEC cover page 10-Q 0001193125-26-322114 (192,852,536 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/grmn-20260627.htm · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/R1.htm ### Magic Formula: — (insufficient data (debt unknown: no debt concept reported in the last 18 months)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 69.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 16.9 % · threshold · points 31.6/50 - 6 month return: 13.6 % · threshold · points 14.1/20 - Price / 52-week high: 0.942 · threshold · points 14.1/15 - Volatility penalty (60d annualised): 24.5 % · threshold · points 9.4/15 Inputs: - Adjusted close series (14 months): 293.74 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.64 bp · threshold · points -6.2/0 Inputs: - Form 4 S Wang Cheng-Wei 2026-08-18: 160953.46000000002 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 412718.80000000005 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 84755.22 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 680282.6 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 521343.18 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 192026.88 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S Wang Cheng-Wei 2026-08-18: 923899.6799999999 · 2026-08-18 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - Form 4 S MAXFIELD JOSHUA H 2026-07-31: 129139.14000000001 · 2026-07-31 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - Form 4 S MAXFIELD JOSHUA H 2026-07-31: 127598.16 · 2026-07-31 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - Form 4 S MAXFIELD JOSHUA H 2026-07-31: 78648.79999999999 · 2026-07-31 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - Form 4 S Biddlecombe Sean 2026-07-31: 288779.68 · 2026-07-31 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329031/ - excluded 2026-07-29 S: 10b5-1 plan · · rule · ### Buffett Quality: 65.7 (partial: 4) · complete: False · missing tests: 4 · current inputs as of 2026-07-24 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 17.9% over 8 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 10 of 10 · threshold all years · points 15.0/15 - 3 Net income growth, 3-yr average now vs start of window: +12.4% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): None · threshold <= 4 · points None/15 - 5 Operating margin, 5-yr average: 23.5% · threshold >= 20% · points 10.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.78 · threshold >= 1.0 · points 5.7/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 2.2% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 293.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 694080000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ · unverified - Equity at FY2018 end: 4162974000.0 · 2018-12-29 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · unverified - Net income FY2019: 952486000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · unverified - Equity at FY2019 end: 4793496000.0 · 2019-12-28 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified - Net income FY2020: 992324000.0 · 2020-12-26 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified - Equity at FY2020 end: 5516116000.0 · 2020-12-26 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Net income FY2021: 1082200000.0 · 2021-12-25 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Equity at FY2021 end: 6114159000.0 · 2021-12-25 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Net income FY2022: 973585000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Equity at FY2022 end: 6204340000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2023: 1289636000.0 · 2023-12-30 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Equity at FY2023 end: 7012060000.0 · 2023-12-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2024: 1411436000.0 · 2024-12-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Equity at FY2024 end: 7848398000.0 · 2024-12-28 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - Net income FY2025: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Equity at FY2025 end: 8972564000.0 · 2025-12-27 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - Net income FY2016: 517724000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000161577419002739/ · unverified - Net income FY2017: 709007000.0 · 2017-12-30 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000156459020005133/ · unverified - Net income FY2018: 694080000.0 · 2018-12-29 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ · unverified - Net income FY2019: 952486000.0 · 2019-12-28 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ · unverified - Net income FY2020: 992324000.0 · 2020-12-26 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified - Net income FY2021: 1082200000.0 · 2021-12-25 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Net income FY2022: 973585000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Net income FY2023: 1289636000.0 · 2023-12-30 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2024: 1411436000.0 · 2024-12-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2025: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Operating income FY2021: 1218620000.0 · 2021-12-25 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Revenue FY2021: 4982795000.0 · 2021-12-25 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Operating income FY2022: 1027845000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Revenue FY2022: 4860286000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Operating income FY2023: 1092160000.0 · 2023-12-30 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Revenue FY2023: 5228252000.0 · 2023-12-30 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Operating income FY2024: 1593994000.0 · 2024-12-28 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Revenue FY2024: 6296903000.0 · 2024-12-28 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Operating income FY2025: 1876076000.0 · 2025-12-27 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Revenue FY2025: 7245519000.0 · 2025-12-27 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Operating cash flow FY2021: 1012427000.0 · 2021-12-25 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Capital expenditure FY2021: 307645000.0 · 2021-12-25 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Operating cash flow FY2022: 788259000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified ### Lynch GARP: 33.7 (partial: 4, 6) · complete: False · missing tests: 4, 6 · current inputs as of None · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 2, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): 3.2 · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: +10.7% a year · threshold 12% to 35% a year · points 17.8/20 - 3 P/E on latest annual EPS: 34.2 · threshold <= 25 · points 3.9/10 - 4 Borrowings / equity: None · threshold <= 0.5 · points None/15 - 5 Years of the last 5 in which EPS rose: 4 of 5 · threshold 5 of 5 · points 12.0/15 - 6 Net cash (cash minus borrowings) / market cap: None · threshold >= +10% · points None/10 Inputs: - Price (close, per traded unit): 293.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 8.59 · 2025-12-27 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - EPS diluted FY2020: 5.17 · 2020-12-26 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified ### Graham Enterprising: 50.0 (partial: 2) · complete: False · missing tests: 2 · current inputs as of 2026-06-27 · stale inputs: current_assets, current_liabilities, equity, total_assets · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 11, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 3.03 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: None · threshold <= 1.1x · points None/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: yes · threshold yes · points 10.0/10 - 5 EPS higher than five years earlier: 5.17 -> 8.59 · threshold higher · points 10.0/10 - 6 Price / book value per share: 6.27 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 14.47 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 293.74 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 6308612000.0 · 2026-06-27 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - current_liabilities: 2083173000.0 · 2026-06-27 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - Net income FY2021: 1082200000.0 · 2021-12-25 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ · unverified - Net income FY2022: 973585000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ · unverified - Net income FY2023: 1289636000.0 · 2023-12-30 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2024: 1411436000.0 · 2024-12-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Net income FY2025: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/GRMN/history?filter=div - EPS diluted FY2025: 8.59 · 2025-12-27 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - EPS diluted FY2020: 5.17 · 2020-12-26 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ · unverified - equity: 9029013000.0 · 2026-06-27 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - Shares outstanding: 192852536.0 · 2026-07-24 · SEC cover page 10-Q 0001193125-26-322114 (192,852,536 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/grmn-20260627.htm · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/R1.htm - total_assets: 11423891000.0 · 2026-06-27 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified ### Piotroski F-Score: 77.8 (partial: 5) · complete: False · missing tests: 5 · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 23, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 15.1% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 1,633M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 14.7% -> 15.1% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 1,633M vs 1,664M · threshold pass = 1 · points 0.0/11.11111111111111 - 5 Long-term debt / assets fell: None · threshold pass = 1 · points None/11.11111111111111 - 6 Current ratio improved: 3.54 -> 3.63 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 192M -> 193M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 25.3% -> 25.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.65 -> 0.66 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 Inputs: - net_income 2025-12-27: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - total_assets 2025-12-27: 10993669000.0 · 2025-12-27 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - cfo 2025-12-27: 1633359000.0 · 2025-12-27 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - net_income 2025-12-27: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - net_income 2024-12-28: 1411436000.0 · 2024-12-28 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - total_assets 2025-12-27: 10993669000.0 · 2025-12-27 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - total_assets 2024-12-28: 9630527000.0 · 2024-12-28 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - cfo 2025-12-27: 1633359000.0 · 2025-12-27 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - net_income 2025-12-27: 1663887000.0 · 2025-12-27 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001308179-26-000318) · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - current_assets 2025-12-27: 6248216000.0 · 2025-12-27 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - current_assets 2024-12-28: 5336153000.0 · 2024-12-28 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - current_liabilities 2025-12-27: 1720071000.0 · 2025-12-27 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - current_liabilities 2024-12-28: 1507858000.0 · 2024-12-28 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - shares_out 2026-07-24: 192852536.0 · 2026-07-24 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - shares_out 2025-07-25: 192493945.0 · 2025-07-25 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1121788/000095017025099877/ · unverified - operating_income 2025-12-27: 1876076000.0 · 2025-12-27 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - operating_income 2024-12-28: 1593994000.0 · 2024-12-28 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - revenue 2025-12-27: 7245519000.0 · 2025-12-27 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - revenue 2024-12-28: 6296903000.0 · 2024-12-28 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - revenue 2025-12-27: 7245519000.0 · 2025-12-27 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - revenue 2024-12-28: 6296903000.0 · 2024-12-28 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified - total_assets 2025-12-27: 10993669000.0 · 2025-12-27 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/ · unverified - total_assets 2024-12-28: 9630527000.0 · 2024-12-28 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 293.74 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 192,852,536 underlying shares, period 2026-07-24, SEC cover page 10-Q 0001193125-26-322114 (192,852,536 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/grmn-20260627.htm, accession 0001193125-26-322114 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 56,648,503,925 USD; 293.74 (price 2026-10-23) / 1 x 192,852,536 (shares at 2026-07-24) = 56,648,503,925 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-28): 2631851000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577416004243/ - FY2014 (ended 2014-12-27): 2870658000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577417000765/ - FY2015 (ended 2015-12-26): 2820270000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577418001344/ - FY2016 (ended 2016-12-31): 3018665000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577418001344/ - FY2017 (ended 2017-12-30): 3121560000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000156459020005133/ - FY2018 (ended 2018-12-29): 3347444000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ - FY2019 (ended 2019-12-28): 3757505000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ - FY2020 (ended 2020-12-26): 4186573000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ - FY2021 (ended 2021-12-25): 4982795000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ - FY2022 (ended 2022-12-31): 4860286000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ - FY2023 (ended 2023-12-30): 5228252000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ - FY2024 (ended 2024-12-28): 6296903000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ - FY2025 (ended 2025-12-27): 7245519000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-28): 612412000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577416004243/ - FY2014 (ended 2014-12-27): 364211000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577417000765/ - FY2015 (ended 2015-12-26): 456227000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577418001344/ - FY2016 (ended 2016-12-31): 517724000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000161577419002739/ - FY2017 (ended 2017-12-30): 709007000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000156459020005133/ - FY2018 (ended 2018-12-29): 694080000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000156459021006192/ - FY2019 (ended 2019-12-28): 952486000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017022001303/ - FY2020 (ended 2020-12-26): 992324000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017023003566/ - FY2021 (ended 2021-12-25): 1082200000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017024017559/ - FY2022 (ended 2022-12-31): 973585000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000095017025022760/ - FY2023 (ended 2023-12-30): 1289636000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ - FY2024 (ended 2024-12-28): 1411436000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ - FY2025 (ended 2025-12-27): 1663887000.0 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526056028/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-28): 3.12 [filed 3.12, split factor 1.0] - FY2014 (ended 2014-12-27): 1.88 [filed 1.88, split factor 1.0] - FY2015 (ended 2015-12-26): 2.39 [filed 2.39, split factor 1.0] - FY2016 (ended 2016-12-31): 2.73 [filed 2.73, split factor 1.0] - FY2017 (ended 2017-12-30): 3.76 [filed 3.76, split factor 1.0] - FY2018 (ended 2018-12-29): 3.66 [filed 3.66, split factor 1.0] - FY2019 (ended 2019-12-28): 4.99 [filed 4.99, split factor 1.0] - FY2020 (ended 2020-12-26): 5.17 [filed 5.17, split factor 1.0] - FY2021 (ended 2021-12-25): 5.61 [filed 5.61, split factor 1.0] - FY2022 (ended 2022-12-31): 5.04 [filed 5.04, split factor 1.0] - FY2023 (ended 2023-12-30): 6.71 [filed 6.71, split factor 1.0] - FY2024 (ended 2024-12-28): 7.3 [filed 7.3, split factor 1.0] - FY2025 (ended 2025-12-27): 8.59 [filed 8.59, split factor 1.0] ## Dividend years (Yahoo history) 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-08-18 S Wang Cheng-Wei (officer) 538 @ 299.17 = 160953 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 1390 @ 296.92 = 412719 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 281 @ 301.62 = 84755 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 2260 @ 301.01 = 680283 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 1737 @ 300.14 = 521343 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 633 @ 303.36 = 192027 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-08-18 S Wang Cheng-Wei (officer) 3102 @ 297.84 = 923900 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526359422/ - 2026-07-31 S MAXFIELD JOSHUA H (officer) 442 @ 292.17 = 129139 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - 2026-07-31 S MAXFIELD JOSHUA H (officer) 438 @ 291.32 = 127598 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - 2026-07-31 S MAXFIELD JOSHUA H (officer) 272 @ 289.15 = 78649 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329030/ - 2026-07-31 S Biddlecombe Sean (officer) 986 @ 292.88 = 288780 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329031/ - 2026-07-29 S PEMBLE CLIFTON A (CEO) 4029 @ 300.00 = 1208700 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526329029/ - 2026-06-09 S Hartnett Joseph J (director) 643 @ 263.57 = 169476 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526263433/ - 2026-06-09 S Hartnett Joseph J (director) 643 @ 236.09 = 151806 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526263486/ - 2026-06-05 S Boessen Douglas G. (CFO) 355 @ 237.31 = 84245 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526262730/ - 2026-06-05 S Boessen Douglas G. (CFO) 1288 @ 238.28 = 306905 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526262730/ - 2026-06-05 S Boessen Douglas G. (CFO) 85 @ 238.91 = 20307 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526262730/ - 2026-06-05 S Boessen Douglas G. (CFO) 272 @ 236.59 = 64352 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526262730/ - 2026-05-08 S MINARD LAURIE A (officer) 100 @ 242.59 = 24259 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526215308/ - 2026-05-08 S MINARD LAURIE A (officer) 984 @ 241.98 = 238108 · https://www.sec.gov/Archives/edgar/data/1121788/000119312526215308/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001121788 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001121788.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001121788&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001121788&type=8-K - yahoo: https://finance.yahoo.com/quote/GRMN - stooq: https://stooq.com/q/d/?s=grmn.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=GRMN - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=GRMN - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/grmn/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/GRMN - openinsider (link only, nothing stored): http://openinsider.com/search?q=GRMN - google_news (link only, nothing stored): https://news.google.com/rss/search?q=GRMN+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/GRMN; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.