Question 1

What is Polaris's P/B ratio?

Accepted Answer

Polaris (PII) P/B ratio is 5.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Polaris?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Polaris specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

Is Polaris's P/B ratio high or low?

Accepted Answer

Polaris's P/B ratio of 5.1× is above its own 5-year average of 4.4× and above the sector median of 4.2×. That places the current reading at the 53th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Polaris's historical P/B ratio range?

Accepted Answer

In the available daily series, Polaris (PII) P/B ratio has ranged from a low of 1.4× in 2025 to a high of 18.3× in 2013. The 5-year average is 4.4× and the 5-year median is 4.4×.

Question 7

What was Polaris's P/B ratio in 2025?

Accepted Answer

Polaris (PII) P/B ratio at the end of 2025 was 4.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Polaris's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$3.60B	$828.40M	4.3×	+1.8×	Dec 31, 2025
2024	$3.26B	$1.29B	2.5×	-1.3×	Dec 31, 2024
2023	$5.38B	$1.42B	3.8×	-1.5×	Dec 31, 2023
2022	$5.84B	$1.10B	5.3×	-0.2×	Dec 31, 2022
2021	$6.70B	$1.22B	5.5×	+0.3×	Dec 31, 2021
2020	$5.92B	$1.14B	5.2×	-0.5×	Dec 31, 2020
2019	$6.26B	$1.11B	5.7×	+0.2×	Dec 31, 2019
2018	$4.71B	$866.74M	5.4×	-3.0×	Dec 31, 2018
2017	$7.81B	$931.66M	8.4×	+2.3×	Dec 31, 2017
2016	$5.24B	$867.04M	6.0×	+0.3×	Dec 31, 2016
2015	$5.62B	$981.48M	5.7×	-6.0×	Dec 31, 2015
2014	$10.06B	$861.27M	11.7×	-6.6×	Dec 31, 2014
2013	$9.80B	$535.61M	18.3×	+9.9×	Dec 31, 2013
2012	$5.82B	$690.53M	8.4×	+0.7×	Dec 31, 2012
2011	$3.84B	$500.06M	7.7×	+0.5×	Dec 31, 2011
2010	$2.66B	$370.99M	7.2×	+0.2×	Dec 31, 2010
2009	$1.42B	$204.54M	6.9×	+0.2×	Dec 31, 2009
2008	$919.72M	$137.03M	6.7×	-2.6×	Dec 31, 2008
2007	$1.61B	$172.98M	9.3×	-0.6×	Dec 31, 2007
2006	$1.66B	$167.37M	9.9×	+4.4×	Dec 31, 2006
2005	$2.08B	$377.02M	5.5×	-2.4×	Dec 31, 2005
2004	$2.88B	$361.73M	8.0×	+2.1×	Dec 31, 2004
2003	$1.89B	$319.38M	5.9×	+1.3×	Dec 31, 2003
2002	$1.27B	$277.11M	4.6×	-0.8×	Dec 31, 2002
2001	$1.30B	$238.78M	5.4×	—	Dec 31, 2001


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Polaris (PII)

P/B Ratio daily chart for Polaris (PII)

Historical P/B Ratio for Polaris (PII) from 2001 to 2025

About P/B Ratio at Polaris (PII)

Polaris P/B Ratio by Year

Polaris P/B Ratio 2025: 4.3×

Polaris P/B Ratio 2024: 2.5×

Polaris P/B Ratio 2023: 3.8×

Polaris P/B Ratio 2022: 5.3×

Polaris P/B Ratio 2021: 5.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Polaris (PII) Key Financials

P/B Ratio daily chart for Polaris (PII)

Historical P/B Ratio for Polaris (PII) from 2001 to 2025

About P/B Ratio at Polaris (PII)

Polaris P/B Ratio by Year

Polaris P/B Ratio 2025: 4.3×

Polaris P/B Ratio 2024: 2.5×

Polaris P/B Ratio 2023: 3.8×

Polaris P/B Ratio 2022: 5.3×

Polaris P/B Ratio 2021: 5.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Polaris's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Polaris?

+Is Polaris's P/B ratio high or low?

+What is Polaris's historical P/B ratio range?

+What was Polaris's P/B ratio in 2025?

+Why does Polaris's P/B ratio change over time?

Polaris (PII) Key Financials