Valuation dashboard for Polaris Inc. (PII) with P/E N/A, P/B 4.05, EV/EBITDA 27.1 and dividend yield 4.56%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Cyclical companies.
Polaris Inc. is a global enterprise specializing in the design, engineering, production, and distribution of powersports vehicles. Its business is structured across three primary segments: Off-Road, On-Road, and Marine. The company's off-road lineup features all-terrain vehicles (ATVs), side-by-side utility vehicles, snowmobiles, and innovative snow bike conversion systems. This segment also produces low-emission, light-duty transport, passenger, and industrial vehicles.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · It has losses over the last 12 months, but trades at 15.1 times its average earnings over ten years; between the 10 times Lynch paid for a cyclical and the 25 we take as the limit. It is fairly priced.
It has losses over the last 12 months, but trades at 15.1 times its average earnings over ten years; between the 10 times Lynch paid for a cyclical and the 25 we take as the limit. It is fairly priced.
These are its average accounting earnings over its last ten years, losses included.
Analysis Summary
Polaris Inc. reported revenue of $7.15B in the most recent fiscal year, growing at a 5-year CAGR of 0.4%.
Trailing-twelve-month margins: gross margin 21.4%, operating margin 1.3%, net margin -2.7%.
At $59.41 (closing price, October 30, 2026), PII has negative trailing earnings (P/E not meaningful) and an ROE of -25.30%. Market capitalisation stands at $3.4B.
Balance sheet quality for PII: debt-to-equity ratio of 1.93, current ratio of 1.06 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| Price / Book | 4.05 |
| EV / EBITDA | 27.1 |
| Dividend Yield | 4.56% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| PII | Polaris Inc. | $3.4B | 4.05 | -25.3% | |
| RUSHA | Rush Enterprises, Inc. | $5.0B | 13.69 | 2.10 | 12.0% |
| GTX | Garrett Motion Inc. | $3.9B | 10.67 | -52.4% | |
| BC | Brunswick Corporation | $4.9B | 23.33 | 2.90 | 13.0% |
| PVH | PVH Corp. | $4.2B | 0.87 | -3.5% | |
| HOG | Harley-Davidson, Inc. | $3.2B | 1.06 | -4.3% |
Price
| Price | $59.41 (closing price, October 30, 2026) |
| Market Cap | $3.4B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | -25.30% |
| Return on Invested Capital | 3.35% |
| Return on Assets | -4.08% |
| Gross Margin | 21.37% |
| Operating Margin | 1.35% |
| Net Margin | -2.70% |
Related companies: RUSHA · GTX · BC · PVH · HOG
Explore sector: Consumer Cyclical · Auto - Recreational Vehicles
More sections of PII: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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