# Polaris Inc. (PII) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Automobiles. Price $62.90, market value $3.6 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Polaris Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 4.2×**. The shares trade at 4.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 39.1×**. Enterprise value is 39.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 7.4%** (5-yr avg 6.1%). Free cash flow equals 7.4% of the market value, above its five-year average of 6.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 21.3%**. Polaris Inc. keeps 21.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -1.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -6.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -56.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -4.9%**. Return on all capital, debt included, is -4.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.2%**. Each dollar of assets produces -4.2% of profit.

## Growth
- **Revenue growth (1 yr): -0.3%** (3-yr -5.9%/yr, 5-yr 2.6%/yr). Revenue fell 0.3% over the last year, against 2.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -519.5%**. Earnings per share fell 519.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 40.3%/yr**. Free cash flow has compounded at 40.3% a year over three years.

## Financial health
- **Debt to equity: 1.82**. Debt is 1.82 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 10.8×**. It would take 10.8 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.98** (quick 0.98). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.98**. A Z-score of 1.98 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.32%** ($2.71 per share, trailing). Polaris Inc. yields 4.32%, an income-level yield.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 1.6%/yr** (1-yr 1.5%). The dividend has grown 1.6% a year over five years.

## Analyst view
- **Analyst consensus: hold** (14 analysts). 14 analysts cover Polaris Inc.; the consensus is hold, with an average price target of $63.71 (+1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -2.4%** (YTD 1.0%, 3-mo -11.4%). The shares are down 2.4% over twelve months including dividends.
- **From 52-week high: -19.3%** (33.4% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 69**. An RSI of 69 is neutral.
- **Beta (1 yr): 1.45** (volatility 46%). Beta of 1.45 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PII · Page: https://foliofundamentals.com/stocks/pii

Not investment advice.