Polaris Valuation Multiples

Polaris Overview

About Polaris

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to pontoon and deck boat users. It is slated to divest its Indian motorcycle brand to Carolwood in the first quarter of 2026. Polaris products are retailed through more than 2,500 dealers in North America and 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.

Founded

1954

HQ

Employees

14.5K

Website

polaris.com

Sectors

AutomakersAutomotiveTech

Financials (LTM)

Revenue: $7B

EBITDA: $433M

EV

$5B

Valuation Multiples

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Polaris Financials

Polaris reported last 12-month revenue of $7B and EBITDA of $433M.

In the same LTM period, Polaris generated $1B in gross profit, $433M in EBITDA, and had net loss of ($348M).

Polaris P&L

In the most recent fiscal year, Polaris reported revenue of $7B and EBITDA of $413M.

Polaris expects next 12-month revenue of XXX and NTM EBITDA of XXX

Polaris Stock Performance

Polaris has current market cap of $3B, and enterprise value of $5B.

Polaris' stock price is $59.00.

Polaris Valuation Multiples

Polaris trades at 0.7x EV/Revenue multiple, and 11.2x EV/EBITDA.

Polaris Financial Valuation Multiples

As of March 18, 2026, Polaris has market cap of $3B and EV of $5B.

Equity research analysts estimate Polaris' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Polaris has a P/E ratio of (9.6x).

Polaris Margins & Growth Rates

Polaris' revenue in the last 12 month grew by 2%.

Polaris' revenue per employee in the last FY averaged $0.5M.

Polaris' rule of 40 is 8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Polaris' rule of X is 11% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Polaris Public Comps

See public comps and valuation multiples for other Automakers comps.

Polaris M&A Activity

Polaris acquired XXX companies to date.

Last acquisition by Polaris was on XXXXXXXX, XXXXX. Polaris acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Polaris Investment Activity

Polaris invested in XXX companies to date.

Polaris made its latest investment on XXXXXXXX, XXXXX. Polaris invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).