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Stock Comparison · Single-driver result

Games Workshop Group vs Garmin: Which Stock Looks Stronger in 2026?

Games Workshop holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Garmin still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Games Workshop holds the more constructive position. That puts structure and market broadly in agreement — Games Workshop's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (GAW.L: STOXX 600, GRMN: Russell 1000).

Updated 2026-05-17

Most of the separation is still concentrated in profitability. The overall score gap is 12 points in favour of Games Workshop Group PLC.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #12
within Games Workshop Group PLC's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The clearest structural overlap shows up in revenue growth trajectory and capital structure.

Similarity drivers
revenue growth trajectorycapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
GAW.L
Games Workshop Group PLC
59
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
GRMN
Garmin Ltd.
47
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in profitability.

Dimension spread: GAW.L vs GRMN Profitability 86 22 Stability 55 60 Valuation 45 72 Growth 44 33 GAW.L GRMN
Gap Ranking
#1 Profitability +64
#2 Valuation +27
#3 Growth +11
#4 Stability +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for GAW.L and GRMN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer GAW.LGRMN Relative valuation Structural strength

Games Workshop Group PLC still looks stronger overall, though current pricing looks more supportive for Garmin Ltd..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
On profitability, Games Workshop Group PLC ranks near the top of the group; Garmin Ltd. sits in the weaker half.
Valuation
On valuation, the same pattern holds: both are strong, but Garmin Ltd. still leads clearly.
Profitability — Dominant Gap
GAW.L
86
GRMN
22
Gap+64in favour of GAW.L

The profitability lead is mainly driven by a 17.7-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Garmin, with a forward P/E that is 9.5 turns lower there.

What this means for the comparison

Profitability settles the comparison, while pricing and valuation keep the broader setup from looking fully aligned.

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Break down the GAW.L vs GRMN comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how GAW.L and GRMN each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.