Polaris Inc.
PII Consumer Cyclical Recreational Vehicles
Polaris Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, roughly unchanged from fiscal 2024.
- Revenue
- +10.9%
- EPS
- +339.3%
- Free cash flow
- +170.2%
- Total debt
- +22.6%
Quarter to September 2026, against a year earlier
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Polaris Inc. (PII) P/B ratio
As of 5 November 2026, Polaris Inc. (PII) trades at a P/B ratio of 4.4×. Over the past ten years it has ranged from 1.5× (April 2025) to 12.1× (February 2015); the current reading is higher than 24% of that period. That is above the Recreational Vehicles industry median of 1.0× and above the Consumer Cyclical sector median of 1.7×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 4.3× | 71.76% |
| FY2024 | 2.5× | (33.66%) |
| FY2023 | 3.8× | (29.91%) |
| FY2022 | 5.4× | (1.52%) |
| FY2021 | 5.5× | 6.65% |
| FY2020 | 5.2× | (8.57%) |
| FY2019 | 5.6× | 1.94% |
| FY2018 | 5.5× | (35.16%) |
| FY2017 | 8.5× | 39.16% |
| FY2016 | 6.1× | 5.96% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Sep 2026 | 3.5× | (24.38%) |
| Jun 2026 | 4.7× | 12.95% |
| Mar 2026 | 4.1× | (4.12%) |
| Dec 2025 | 4.3× | 50.74% |
| 43 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| WGO Winnebago Industries, Inc. compare | 0.8× |
| MCFT MASTERCRAFT BOAT HOLDINGS, INC. compare | 0.9× |
| THO Thor Industries, Inc. compare | 1.0× |
| HOG Harley-Davidson, Inc. compare | 1.1× |
| LCII LCI Industries compare | 1.7× |
| PATK Patrick Industries, Inc. compare | 2.3× |
| BC Brunswick Corporation compare | 3.1× |
| PII Polaris Inc. | 4.4× |
| DOO BRP Inc. compare | 19.8× |
| Recreational Vehicles industry median | 1.0× |
| Consumer Cyclical sector median | 1.7× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on PII
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement