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

64.80 2.90 −4.28%
Market cap
$3.7B
P/E
0.0×
Fwd P/E
28.3×
Dividend yield
4.18%
F-score
4/9
Altman Z
1.61
Beneish M
−3.47
Dividend safety
45/100

Polaris Inc. (PII) P/B ratio

Alert me on 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

Against its own ten years

Low 1.5× High 12.1×
Ten-year median 6.0×
Current reading's percentile 26

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))

The full definition of P/B ratio →

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