Polaris Inc. (0KJQ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Polaris Inc. $101, price $53.86, upside +88.4%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range $30.65 – $123.46 · fair‑value band $66.72 – $141.58 · the $53.86 price screens below the $101.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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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.
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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. It also provides source parts, garments, and accessories, such as helmets, jackets, gloves, pants, and hats; and snowmobile accessories comprising covers, traction products, reverse kits, electric starters, tracks, pull-behinds, bags, and windshields, as well as gear and apparel for its snowmobiles consisting of helmets, jackets, goggles, gloves, boots, bibs, pants, and hats. In addition, the company offers ORV accessories, including winches, bumper/brushguards, plows, racks, wheels and tires, cab systems, lighting and audio systems, cargo box accessories, and tracks, as well as replacement parts and lubricants. Further, it provides motorcycle accessories, such as performance enhancements, saddle bags, handlebars, backrests, exhausts, windshields, seats, and various chrome accessories, as well as light duty hauling and passenger vehicles. The company sells its products through dealers and distributors, as well as online. The company was formerly known as Polaris Industries Inc. Polaris Inc. was founded in 1945 and is headquartered in Medina, Minnesota.
Stock analysis
Polaris Inc. (0KJQ) currently trades at $53.86, while our model-based Fair Value estimate is $101.49, implying the stock looks roughly 46.9% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $113.67 per share, and 8 of the 12 models we run sit above the $53.86 price.
Bear case: the Dividend Discount group reads lowest at $31.16, and 4 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: $66.72 (bear) to $141.58 (bull), the price of $53.86 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Polaris Inc. reported revenue of $7.2B in FY2025 versus $7.4B in FY2021, a compound −1.0%/yr. Reported net income was −$466M in FY2025.
Key figures
Market cap $3.1B · P/E ratio 0.1 · EPS (TTM) $6.92 · Dividend yield 5.0% · Net margin −6.5% · Return on equity −44.9% · Return on assets (EBIT) 8.7% · Operating margin −0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at 88%, 0KJQ screens cheaper than that median.
Fair Value models
Bear $66.72Fair Value $101.49Bull $141.58
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($3.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−0.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Start year 2020 (pandemic). Over 10 years: +4.1% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.3% (2020) → −0.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.2% a year for the price and +0.7% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machinery” was too small, so the broader sector is used.)Industrials · 5298 stocks
Beats the sector median on 7/13 measures
A mixed picture versus its sector peers.
Valuation
Quality Score49 · Below median
Fair Value upside+93.9% · Top 25%
Profitability
Return on assets1.4% · Below median
Net margin (TTM)−6.1% · Bottom 25%
Operating margin (TTM)−0.5% · Bottom 25%
Growth and dividend
Revenue growth7.5% · Above median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity1.49× · Highest 25%
Valuation Multiplesvs Industrials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Polaris Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0KJQ
Frequently asked questions
Is Polaris Inc. (0KJQ) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of $101.49 versus a price of $53.86, about +88% upside (undervalued).
What is the fair value of 0KJQ?
Our model-based fair value for Polaris Inc. is $101.49 (as of Oct 2, 2026), built from audited fundamentals. The current price: $53.86.
What is the quality score of 0KJQ?
Polaris Inc. has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Polaris Inc. (0KJQ)?
Our model-based price target is the fair value of $101.49 (as of Oct 2, 2026) from 12 valuation models. Cautious scenario $66.72, optimistic scenario $141.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Polaris Inc. stock forecast for 2026?
Our models put fair value at $101.49, about +88% upside versus a price of $53.86 (undervalued). Cautious scenario $66.72, optimistic scenario $141.58. The calculation is refreshed regularly with new filings.
What is the revenue of Polaris Inc. (0KJQ)?
Polaris Inc. reported trailing-twelve-month revenue of about $7.4B (latest available figure, as of Oct 2, 2026).
Does Polaris Inc. pay a dividend?
Polaris Inc. currently shows a dividend yield of about 4.99% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Polaris Inc. (0KJQ)?
For today's price to be fair in a discounted-cash-flow model, Polaris Inc. would have to grow free cash flow by -1.9 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.4 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 0KJQ use?
Our models discount Polaris Inc. at 11.0 %: a base by market capitalisation (unknown), damped by beta 1.26, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Polaris Inc. that is -1.9 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Polaris Inc. (0KJQ) delivered so far?
Over the past 5 years revenue at Polaris Inc. grew +0.4 % a year. The price currently implies -1.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Polaris Inc. (0KJQ) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Polaris Inc. (-1.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Polaris Inc. (0KJQ)?
The free-cash-flow yield on the price is 13.75 %: that much free cash flow Polaris Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Polaris Inc. (0KJQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Polaris Inc. it is $101.49 per share (as of Oct 2, 2026), against a price of $53.86. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Polaris Inc. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 0KJQ trades below its calculated fair value: price $53.86, fair value $101.49, a gap of about +88% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0KJQ?
No. The price is what the market pays today ($53.86); the fair value is what the company's own numbers justify ($101.49). For Polaris Inc. the two are $47.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Polaris Inc. worth?
The market values Polaris Inc. at about $3.1B (market capitalisation, as of Oct 2, 2026). Per share that is $53.86; our models calculate a fair value of $101.49 per share.
What do the bullish and bearish scenarios say about 0KJQ?
Our models span a range for Polaris Inc.: cautious scenario $66.72, base $101.49, optimistic $141.58 per share (as of Oct 2, 2026, price $53.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0KJQ?
Polaris Inc. trades at a price-to-earnings ratio of 0.1 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $101.49 is built from several models across several years. Other multiples: P/B 3.6, P/S 0.4, EV/EBITDA 10.4.
How solid is the balance sheet of Polaris Inc. (0KJQ)?
Balance-sheet figures for Polaris Inc. (as of Oct 2, 2026): return on equity −44.9%, debt of 1.49 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 0KJQ from its 52-week high?
Polaris Inc. trades at $53.86, about 28% below its 52-week high of $74.35 and 11% above the low of $48.40 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $101.49 is for.
Which stocks are comparable to Polaris Inc.?
From the same area (Industrials) we also value INLCM, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Polaris Inc. stock attractive at the current price?
The data as of Oct 2, 2026: price $53.86, calculated fair value $101.49 (+88%), Quality Score 49/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0KJQ calculated?
We run Polaris Inc. through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $101.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Polaris Inc. currently trades 47 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Polaris Inc. (0KJQ)?
The closing price on Oct 2, 2026 was $53.86. Our model-based fair value is $101.49, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Polaris Inc. right now?
The price is below even our cautious bear case ($66.72). The market is more pessimistic than our downside scenario. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($66.72 to $141.58) leaves room in how you read the outcome.
Where does the earnings growth of Polaris Inc. (0KJQ) come from?
Earnings per share at Polaris Inc. grew −0.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin −8.6 %, tax rate +2.4 %, residual (interest, one-offs) −2.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Polaris Inc.
How large is the market capitalisation of Polaris Inc. (0KJQ)?
The market capitalisation of Polaris Inc. is $3.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Polaris Inc. (0KJQ)?
Earnings per share at Polaris Inc. are $6.92 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Polaris Inc. (0KJQ)?
The dividend yield of Polaris Inc. is 5.0% (payout 38.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Polaris Inc. (0KJQ)?
The net margin of Polaris Inc. is −6.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Polaris Inc. (0KJQ)?
The return on equity (ROE) of Polaris Inc. is −44.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Polaris Inc. (0KJQ)?
On an EBIT basis the return on assets of Polaris Inc. is 8.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Polaris Inc. (0KJQ)?
The operating margin of Polaris Inc. is −0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Polaris Inc. (0KJQ)?
Revenue at Polaris Inc. is growing +7.5% versus a year earlier (3y avg −5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Polaris Inc. (0KJQ)?
Earnings per share at Polaris Inc. are growing −89.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Polaris Inc. (0KJQ) carry?
The net debt of Polaris Inc. is $1.6B (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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