Polaris (PII) Stock Overview
Designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
PII Community Fair Values
Create NarrativeSee what 55 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Polaris Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$69.49 |
| 52 Week High | US$77.98 |
| 52 Week Low | US$47.14 |
| Beta | 1.29 |
| 1 Month Change | -5.07% |
| 3 Month Change | 8.61% |
| 1 Year Change | 21.42% |
| 3 Year Change | -39.36% |
| 5 Year Change | -44.22% |
| Change since IPO | 4,043.51% |
Recent News & Updates
Narrative Update • Aug 12
PII: Tariff And Rate Pressures Will Limit Upside Despite Guidance
Analysts have lifted their price targets for Polaris into a higher $70s range, and the updated fair value estimate of $55.10 reflects these revisions along with refreshed assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples. Analyst Commentary Recent Street research on Polaris points to a mixed setup for investors.Analysis Article • Jul 31
Polaris Inc. Just Recorded A 165% EPS Beat: Here's What Analysts Are Forecasting Next
Polaris Inc. ( NYSE:PII ) just released its quarterly report and things are looking bullish. It was overall a positive...Narrative Update • Jul 28
PII: Tariff And Rate Uncertainty Will Constrain Future Earnings Visibility
Analysts have nudged their fair value estimate for Polaris higher from about $50.02 to $52.13, citing a series of recent price target adjustments that highlight expectations for a constructive near term update, potential Q2 strength, and gradually improving visibility around tariffs and competitive positioning. Analyst Commentary Recent research on Polaris highlights a mix of cautious and constructive views.Recent updates
Narrative Update • Aug 12
PII: Tariff And Rate Pressures Will Limit Upside Despite Guidance
Analysts have lifted their price targets for Polaris into a higher $70s range, and the updated fair value estimate of $55.10 reflects these revisions along with refreshed assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples. Analyst Commentary Recent Street research on Polaris points to a mixed setup for investors.Analysis Article • Jul 31
Polaris Inc. Just Recorded A 165% EPS Beat: Here's What Analysts Are Forecasting Next
Polaris Inc. ( NYSE:PII ) just released its quarterly report and things are looking bullish. It was overall a positive...Narrative Update • Jul 28
PII: Tariff And Rate Uncertainty Will Constrain Future Earnings Visibility
Analysts have nudged their fair value estimate for Polaris higher from about $50.02 to $52.13, citing a series of recent price target adjustments that highlight expectations for a constructive near term update, potential Q2 strength, and gradually improving visibility around tariffs and competitive positioning. Analyst Commentary Recent research on Polaris highlights a mix of cautious and constructive views.Seeking Alpha • Jul 28
Polaris: Reason For Cautious Optimism
Summary Polaris Inc. reported a continued sales recovery in Q2, led by utility off-road vehicles. Recreational demand remains volatile. PII's margins were very strong, but a good part of year-on-year margin gains are explained by a one-off tariff refund. A raised 2026 guidance creates a cautiously optimistic outlook ahead for PII. I estimate PII stock to have a fair value of $79.90. Read the full article on Seeking AlphaNarrative Update • Jun 27
PII: Uncertain Rates And Tariffs Will Restrain Future Earnings Power
The analyst price target for Polaris has been raised from $45.33 to $50.02, with analysts citing recent estimate revisions, improved competitive positioning, and mixed signals from rates and tariffs as key factors behind the updated view. Analyst Commentary Recent Street research around Polaris reflects a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess the risk and reward profile.Analysis Article • Jun 19
Polaris (PII) Stock Looks 4.9% Overvalued as Rally Tests Fair Value
Recent trading in Polaris (PII) has put fresh attention on the stock, with investors weighing its recent share performance against fundamentals such as profitability, revenue mix, and the company’s current market valuation. See our latest analysis for Polaris. The recent 3.98% 1 day share price return, alongside a 36.26% 90 day share price return and an 86.01% 1 year total shareholder return, points to strengthening momentum in Polaris as investors reassess both risk and potential reward...
Narrative Update • Jun 13
PII: Easing Tariffs And Stronger Execution Will Unlock Underappreciated Earnings Power
Analysts have adjusted the Polaris fair value estimate from $81 to $84. This reflects updated price targets that incorporate mixed but generally more supportive research commentary around earnings, tariffs, and competitive positioning.
Narrative Update • May 30
PII: Future Returns Will Reflect Quality Gains And Ongoing Tariff And Demand Uncertainty
Polaris' analyst price target has edged down by $0.33 to $68.00, as analysts weigh improved competitive positioning and easing tariff pressures against ongoing uncertainty around rates and tariffs, which they say limits visibility. Analyst Commentary Recent research on Polaris highlights a mix of optimism about execution and ongoing caution about the operating backdrop, which is feeding into a more balanced view on valuation.Narrative Update • May 13
PII: Future Returns Will Balance Quality Improvements With Choppy Demand And Tariff Risks
Analysts have lifted the Polaris price target to $68.33 from $66.00, citing a modestly higher assumed future P/E multiple along with fine tuned expectations for growth, margins and risk. Analyst Commentary Recent research shows a mix of optimism and caution around Polaris, with several firms adjusting price targets and ratings as they reassess valuation, execution and the demand backdrop.Narrative Update • Apr 29
PII: Future Returns Will Reflect Quality Gains And Demand Uncertainty Balancing Earnings Power
Analysts have trimmed their consolidated price target for Polaris by about $1 to $66, reflecting slightly higher required returns and softer revenue expectations, partly offset by improved profit margin assumptions and a lower future P/E multiple cited in recent research updates. Analyst Commentary Recent research on Polaris shows a mix of optimism and caution, with analysts recalibrating price targets and ratings as they weigh execution risks, demand signals and ongoing tariff concerns.Narrative Update • Apr 14
PII: Weak Demand And Tariffs Will Pressure Future Earnings Power
The analyst price target for Polaris has been reduced by $1.91 to reflect a mix of lower valuation multiples and cautious views on a still weak demand backdrop, even as analysts highlight ongoing business quality improvements and note that product innovation could support share gains when conditions improve. Analyst Commentary Recent research on Polaris reflects a cautious tone, with several bearish analysts trimming price targets and flagging risk factors that could keep a lid on valuation until conditions improve.Narrative Update • Mar 31
PII: Future Returns Will Reflect Quality Improvements And Underappreciated Earnings Power
Analysts have trimmed the average price target for Polaris by just over $1, reflecting mixed views as some highlight ongoing quality improvements and potential earnings power, while others point to a weak demand backdrop, tariff overhangs, and a choppy consumer environment. Analyst Commentary Recent research on Polaris reflects a split view, with some analysts focusing on quality improvements and earnings potential, while others emphasize weak demand signals and external headwinds such as tariffs.Narrative Update • Mar 17
PII: Weak Demand And Tariff Overhang Will Constrain Future Earnings Power
Analysts have trimmed the Polaris price target by about $2 to $47.24 as they balance expectations for slightly better margins and steady revenue growth with concerns about a weak demand backdrop, unresolved share capture questions, and ongoing tariff risks. Analyst Commentary Street research on Polaris has turned more mixed, with cautious voices focusing on weak demand, tariff uncertainty, and questions around market share.Narrative Update • Mar 03
PII: Choppy Consumer Backdrop Will Pressure Earnings Power Despite Product Refresh
Analysts have adjusted their Polaris price targets, with our fair value estimate moving from about $47.25 to $49.50. This reflects updated expectations around revenue growth, profit margins and future P/E assumptions following recent mixed Street research.Narrative Update • Feb 17
PII: Powersports Recovery And Brand Strength Will Unlock Underappreciated Earnings Power
Analysts have modestly reset their blended $81.00 price target on Polaris, reflecting slightly higher discount-rate and profit-margin assumptions, a marginal adjustment to expected revenue growth, and a lower future P/E multiple informed by recent mixed target moves from RBC Capital, Seaport Research, Roth Capital, and Morgan Stanley. Analyst Commentary Recent Street research on Polaris shows a split tape, with some firms trimming price targets while others have pushed them higher.Analysis Article • Feb 16
Polaris' (NYSE:PII) Upcoming Dividend Will Be Larger Than Last Year's
The board of Polaris Inc. ( NYSE:PII ) has announced that it will be paying its dividend of $0.68 on the 16th of March...Narrative Update • Feb 03
PII: Outdoor Recreation Demand And Powersports Recovery Will Unlock Undervalued Earnings Power
Narrative Update on Polaris The analyst price target for Polaris has shifted to $81 from $70 as analysts weigh mixed revisions from firms that trimmed targets alongside others that lifted them, citing views on powersports demand, outdoor recreation trends and the company’s longer term earnings power. Analyst Commentary Recent research updates around Polaris highlight a mixed backdrop, with some firms trimming price targets and others lifting them or starting coverage on a positive footing.Analysis Article • Feb 02
Polaris' (NYSE:PII) Shareholders Will Receive A Bigger Dividend Than Last Year
Polaris Inc. ( NYSE:PII ) has announced that it will be increasing its dividend from last year's comparable payment on...Narrative Update • Jan 19
PII: Future Returns Will Reflect Easing Powersports Pressures And Steady Earnings Outlook
Narrative Update The analyst price target for Polaris has been raised by about US$2, with analysts pointing to a slightly higher fair value estimate, modestly adjusted revenue and margin assumptions, and continuing views that the shares are undervalued given the company’s earnings power and easing powersports market pressures. Analyst Commentary Recent research has been broadly constructive on Polaris, with bullish analysts highlighting the company’s earnings potential and the reset in powersports market conditions.Narrative Update • Jan 05
PII: Indian Motorcycle Sale Will Expose On-Road Margin Risks For Shares
Narrative Update Analysts now place Polaris fair value at approximately $47.25, up from $29.00. This reflects updated assumptions on revenue growth, profit margins and future P/E, supported by recent price target increases following the planned separation and majority sale of the Indian Motorcycle business and expectations for Q3 results that are described as better than originally anticipated.Narrative Update • Dec 15
PII: Future Performance Will Reflect Indian Divestiture Amid Stable Earnings Outlook
Analysts have modestly raised their price target on Polaris to about $62 per share, reflecting expectations that the planned sale of a majority stake in Indian Motorcycles and better than anticipated Q3 results will enhance margins and earnings power. Analyst Commentary Bullish Takeaways Bullish analysts view the planned sale of a majority stake in Indian Motorcycles as a catalyst for margin expansion, given the onroad segment's gross margins have trailed the company average.Narrative Update • Dec 01
PII: Future Performance Will Reflect Divestiture Amid Balanced Risks And Opportunities
Analysts have increased their price targets for Polaris by significant margins, with new estimates ranging from $54 to $70. They attribute the boosts to better-than-expected third quarter results, positive retail trends, and the company’s plan to sell a majority stake in its Indian Motorcycle division to private equity.Narrative Update • Nov 17
PII: Profitability Should Improve Following Divestiture Amid New Retail Momentum
Narrative Update: Analyst Price Target Increases for Polaris Analysts have raised their average price target for Polaris, increasing it by approximately $0.20 to $65.83. They cite the company's strong Q3 outlook and the strategic divestiture of Indian Motorcycles as key drivers for improved profitability and growth expectations.Narrative Update • Oct 31
PII: Divestiture And Margin Gains Are Expected To Drive Improved Profitability
Analysts have increased their fair value price target for Polaris from $56.73 to $65.64, citing stronger expected profit margins and the positive impact of the Indian Motorcycle divestiture on near-term financial performance. Analyst Commentary Recent analyst adjustments to Polaris’s price targets reflect a mix of optimism and caution surrounding the company’s divestiture of Indian Motorcycles and its evolving business outlook.Narrative Update • Oct 17
Tariff Mitigation And New Product Launches Will Secure Operational Efficiency
Polaris’s analyst price target has increased from $52 to approximately $56.73, as analysts cite improved Q3 performance expectations and the anticipated financial benefits from restructuring its Indian Motorcycle business. Analyst Commentary Recent updates from Street research indicate a shift in sentiment towards Polaris, as analysts react to both stronger operational performance and the company's strategic moves involving its Indian Motorcycle division.Narrative Update • Oct 03
Tariff Mitigation And New Product Launches Will Secure Operational Efficiency
Analysts have increased their fair value price target for Polaris from $49.73 to $52.00. This reflects modest improvements in the company's discount rate, expected revenue growth, and a less severe outlook for industry tariffs, despite mixed retail demand expectations.Narrative Update • Sep 08
Tariff Mitigation And New Product Launches Will Secure Operational Efficiency
Analysts have modestly raised their price target for Polaris to $49.73, citing relief from tariff pressures and improved dealer sentiment despite persistent weak retail demand and a cautious outlook for the broader industry. Analyst Commentary Consumer confidence has rebounded from earlier in the year but has yet to translate into a sustained recovery in retail demand.Narrative Update • Aug 06
Recreational Vehicles Expansion Will Temper Overvaluation And Prompt Gains
The upward revision in Polaris’s consensus price target is primarily driven by stronger expectations for revenue growth and improved net profit margins, resulting in a new fair value of $48.55. What's in the News Polaris Off Road unveiled the 2026 RANGER 500, a compact, mid-size utility vehicle targeting the value segment, featuring user-friendly controls, enhanced versatility, and a starting MSRP of $9,999.Analysis Article • Jul 23
The Market Lifts Polaris Inc. (NYSE:PII) Shares 32% But It Can Do More
Despite an already strong run, Polaris Inc. ( NYSE:PII ) shares have been powering on, with a gain of 32% in the last...Analysis Article • Jun 28
Why Polaris Inc. (NYSE:PII) Could Be Worth Watching
Polaris Inc. ( NYSE:PII ), might not be a large cap stock, but it received a lot of attention from a substantial price...Analysis Article • May 27
Is Polaris Inc. (NYSE:PII) Trading At A 39% Discount?
Key Insights The projected fair value for Polaris is US$62.32 based on 2 Stage Free Cash Flow to Equity Polaris...Shareholder Returns
| PII | US Leisure | US Market | |
|---|---|---|---|
| 7D | -2.9% | -1.2% | 0.6% |
| 1Y | 21.4% | 8.9% | 19.9% |
Return vs Industry: PII exceeded the US Leisure industry which returned 8.9% over the past year.
Return vs Market: PII exceeded the US Market which returned 19.9% over the past year.
Price Volatility
| PII volatility | |
|---|---|
| PII Average Weekly Movement | 6.4% |
| Leisure Industry Average Movement | 6.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PII has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PII's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1945 | 14,500 | Mike Speetzen | www.polaris.com |
Polaris Inc. designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off Road, On Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; moto-roadsters; quadricycles; and pontoon and deck boats.
Polaris Inc. Fundamentals Summary
| PII fundamental statistics | |
|---|---|
| Market cap | US$3.95b |
| Earnings (TTM) | -US$260.40m |
| Revenue (TTM) | US$7.52b |
0.5x
P/S Ratio-15.2x
P/E RatioIs PII overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PII income statement (TTM) | |
|---|---|
| Revenue | US$7.52b |
| Cost of Revenue | US$5.87b |
| Gross Profit | US$1.65b |
| Other Expenses | US$1.91b |
| Earnings | -US$260.40m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -4.58 |
| Gross Margin | 21.95% |
| Net Profit Margin | -3.46% |
| Debt/Equity Ratio | 231.3% |
How did PII perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield-59%
Payout RatioDoes PII pay a reliable dividends?
See PII dividend history and benchmarks| Polaris dividend dates | |
|---|---|
| Ex Dividend Date | Sep 01 2026 |
| Dividend Pay Date | Sep 15 2026 |
| Days until Ex dividend | 16 days |
| Days until Dividend pay date | 30 days |
Does PII pay a reliable dividends?
See PII dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/16 02:18 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 33 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Kennison | Baird |
| David Beckel | Bernstein |
| Tristan Thomas-Martin | BMO Capital Markets Equity Research |