Question 1

What is Polaris's P/S ratio?

Accepted Answer

Polaris (PII) P/S ratio is 0.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Polaris?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Polaris specifically, the relevant sector benchmark is the current sector median of 1.9×.

Question 5

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

Accepted Answer

Polaris's P/S ratio of 0.5× is below its own 5-year average of 0.6× and below the sector median of 1.9×. That places the current reading at the 24th 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/S ratio range?

Accepted Answer

In the available daily series, Polaris (PII) P/S ratio has ranged from a low of 0.3× in 2025 to a high of 2.6× in 2013. The 5-year average is 0.6× and the 5-year median is 0.7×.

Question 7

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

Accepted Answer

Polaris (PII) P/S ratio at the end of 2025 was 0.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$7.15B	0.5×	+0.0×	Dec 31, 2025
2024	$3.26B	$7.18B	0.5×	-0.1×	Dec 31, 2024
2023	$5.38B	$8.93B	0.6×	-0.1×	Dec 31, 2023
2022	$5.84B	$8.59B	0.7×	-0.2×	Dec 31, 2022
2021	$6.70B	$7.63B	0.9×	+0.0×	Dec 31, 2021
2020	$5.92B	$7.03B	0.8×	-0.1×	Dec 31, 2020
2019	$6.26B	$6.78B	0.9×	+0.1×	Dec 31, 2019
2018	$4.71B	$6.08B	0.8×	-0.7×	Dec 31, 2018
2017	$7.81B	$5.43B	1.4×	+0.3×	Dec 31, 2017
2016	$5.24B	$4.52B	1.2×	-0.0×	Dec 31, 2016
2015	$5.62B	$4.72B	1.2×	-1.1×	Dec 31, 2015
2014	$10.06B	$4.48B	2.2×	-0.3×	Dec 31, 2014
2013	$9.80B	$3.78B	2.6×	+0.8×	Dec 31, 2013
2012	$5.82B	$3.21B	1.8×	+0.4×	Dec 31, 2012
2011	$3.84B	$2.66B	1.4×	+0.1×	Dec 31, 2011
2010	$2.66B	$1.99B	1.3×	+0.4×	Dec 31, 2010
2009	$1.42B	$1.57B	0.9×	+0.4×	Dec 31, 2009
2008	$919.72M	$1.95B	0.5×	-0.4×	Dec 31, 2008
2007	$1.61B	$1.78B	0.9×	-0.1×	Dec 31, 2007
2006	$1.66B	$1.66B	1.0×	-0.1×	Dec 31, 2006
2005	$2.08B	$1.87B	1.1×	-0.5×	Dec 31, 2005
2004	$2.88B	$1.82B	1.6×	+0.4×	Dec 31, 2004
2003	$1.89B	$1.61B	1.2×	+0.3×	Dec 31, 2003
2002	$1.27B	$1.52B	0.8×	-0.0×	Dec 31, 2002
2001	$1.30B	$1.51B	0.9×	—	Dec 31, 2001


Lululemon Athletica (LULU)	1.3×
Casey's General Stores (CASY)	1.3×
Toll Brothers (TOL)	1.2×
D.R. Horton (DHI)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
Lennar (LEN)	0.8×
XPeng (XPEV)	0.8×
International Paper (IP)	0.8×
Sonoco Products (SON)	0.7×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Genuine Parts (GPC)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
ChargePoint Holdings (CHPT)	0.4×
General Motors (GM)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

P/S Ratio for Polaris (PII)

P/S Ratio daily chart for Polaris (PII)

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

About P/S Ratio at Polaris (PII)

Polaris P/S Ratio by Year

Polaris P/S Ratio 2025: 0.5×

Polaris P/S Ratio 2024: 0.5×

Polaris P/S Ratio 2023: 0.6×

Polaris P/S Ratio 2022: 0.7×

Polaris P/S Ratio 2021: 0.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Polaris (PII) Key Financials

P/S Ratio daily chart for Polaris (PII)

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

About P/S Ratio at Polaris (PII)

Polaris P/S Ratio by Year

Polaris P/S Ratio 2025: 0.5×

Polaris P/S Ratio 2024: 0.5×

Polaris P/S Ratio 2023: 0.6×

Polaris P/S Ratio 2022: 0.7×

Polaris P/S Ratio 2021: 0.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Polaris's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Polaris (PII) Key Financials