Polaris Inc.

NYSE:PII Stock Report

Market Cap: US$2.0b

Polaris Valuation

Is PII undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PII when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$58.60
Fair Value
40.6% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: PII ($34.83) is trading below our estimate of fair value ($58.6)

Significantly Below Fair Value: PII is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PII?

Key metric: As PII is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PII. This is calculated by dividing PII's market cap by their current earnings.
What is PII's PE Ratio?
PE Ratio48.7x
EarningsUS$40.20m
Market CapUS$1.96b

Price to Earnings Ratio vs Peers

How does PII's PE Ratio compare to its peers?

The above table shows the PE ratio for PII vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
YETI YETI Holdings
13.6x6.8%US$2.4b
BC Brunswick
30.7x30.5%US$3.1b
GOLF Acushnet Holdings
18.6x0.7%US$3.9b
MAT Mattel
9.8x1.6%US$5.3b
PII Polaris
48.7x43.6%US$2.0b

Price-To-Earnings vs Peers: PII is expensive based on its Price-To-Earnings Ratio (48.7x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does PII's PE Ratio compare vs other companies in the Global Leisure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
PII 48.7xIndustry Avg. 17.7xNo. of Companies17PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PII is expensive based on its Price-To-Earnings Ratio (48.7x) compared to the Global Leisure industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is PII's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PII PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.7x
Fair PE Ratio29.4x

Price-To-Earnings vs Fair Ratio: PII is expensive based on its Price-To-Earnings Ratio (48.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PII forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$34.83
US$35.45
+1.8%
35.9%US$70.00US$22.00n/a11
Apr ’26US$41.37
US$51.77
+25.1%
18.1%US$75.00US$33.00n/a13
Mar ’26US$44.92
US$54.38
+21.1%
14.4%US$75.00US$43.00n/a13
Feb ’26US$47.70
US$57.46
+20.5%
19.9%US$87.00US$43.00n/a13
Jan ’26US$57.62
US$77.93
+35.2%
14.1%US$110.00US$62.00n/a14
Dec ’25US$69.00
US$79.21
+14.8%
13.4%US$110.00US$62.00n/a14
Nov ’25US$70.40
US$79.21
+12.5%
13.4%US$110.00US$62.00n/a14
Oct ’25US$82.77
US$88.07
+6.4%
16.0%US$120.00US$70.00n/a15
Sep ’25US$84.65
US$88.07
+4.0%
16.0%US$120.00US$70.00n/a15
Aug ’25US$79.07
US$88.07
+11.4%
16.0%US$120.00US$70.00n/a15
Jul ’25US$75.31
US$99.53
+32.2%
16.2%US$145.00US$75.00n/a15
Jun ’25US$83.60
US$100.13
+19.8%
15.8%US$145.00US$75.00n/a15
May ’25US$83.46
US$100.81
+20.8%
15.4%US$145.00US$75.00US$34.7216
Apr ’25US$98.97
US$101.50
+2.6%
15.6%US$145.00US$75.00US$41.3714
Mar ’25US$93.46
US$100.77
+7.8%
16.1%US$145.00US$75.00US$44.9213
Feb ’25US$90.64
US$101.00
+11.4%
19.4%US$160.00US$75.00US$47.7013
Jan ’25US$94.77
US$103.23
+8.9%
18.8%US$160.00US$77.00US$57.6213
Dec ’24US$87.41
US$104.23
+19.2%
17.6%US$160.00US$82.00US$69.0013
Nov ’24US$86.64
US$104.23
+20.3%
17.6%US$160.00US$82.00US$70.4013
Oct ’24US$104.14
US$129.92
+24.8%
14.8%US$171.00US$90.00US$82.7713
Sep ’24US$114.01
US$133.08
+16.7%
14.2%US$171.00US$90.00US$84.6512
Aug ’24US$132.88
US$133.08
+0.2%
14.2%US$171.00US$90.00US$79.0712
Jul ’24US$120.93
US$118.38
-2.1%
17.4%US$175.00US$82.00US$75.3113
Jun ’24US$110.60
US$118.38
+7.0%
17.4%US$175.00US$82.00US$83.6013
May ’24US$109.77
US$120.98
+10.2%
19.2%US$175.00US$82.00US$83.4613
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
US$35.45
Fair Value
1.8% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/04 02:13
End of Day Share Price 2025/05/02 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Polaris Inc. is covered by 36 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig KennisonBaird
Ishan MajumdarBaptista Research
David KelleyBB&T Capital Markets