PII Historical PE Ratio Notes

— Polaris Inc. (ticker symbol: PII) is a leading manufacturer of powersports vehicles such as off-road vehicles, snowmobiles, motorcycles, & boats, as well as parts, accessories, & related services. The company’s revenues & earnings are closely tied to consumer discretionary spending, making its performance sensitive to economic cycles, fuel prices, & recreational trends. When researching PII’s historical price-to-earnings (PE) ratio, it's important to consider how cyclical demand, competition, and input costs may have influenced the company’s profitability & growth expectations at different times. During periods of economic strength or heightened consumer interest in recreational vehicles, PII often sees higher earnings, which can drive its PE ratio lower if the stock price doesn’t rise as quickly as profits. Conversely, in economic downturns or times of rising costs, earnings may falter, possibly leading to a higher PE ratio if share prices are slow to adjust downward. Charting historical PE data alongside sales and earnings trends can help reveal how investor sentiment & market expectations about Polaris’s future prospects have shifted over time in response to these industry and macroeconomic dynamics.

On this page we presented the PII Historical PE Ratio information for Polaris' stock. The average PII historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 26.0. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average PII historical PE based on this TTM earnings result method is 19.9. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this PII historical PE result, against the recent PE: when this page was posted on 9/9/2026, the most recent closing price for PII had been 59.26, and the most recent quarterly earnings result, annualized, was 7.88. Meanwhile, the most recent TTM earnings summed to 2.59. From these numbers, we calculate the recent PII PE on 9/9/2026 based on annualized quarterly EPS was 7.5. Based on PII's history, that recent PE is low relative to the historical average, with the recent PE 71.2% lower than the historical average PE across our data set for Polaris. Looking at the recent PII PE on 9/9/2026 based on TTM EPS, we calculate the ratio at 22.9. Based on PII's history, that recent PE is elevated relative to the historical average, with the recent PE 15.1% higher than the historical average PE across our Polaris data set with TTM EPS used in the calculation at each period.

Another interesting PII historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for PII, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for PII, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.08, 0.13, 0.41, and 1.97. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.13 and 0.41 — which gives us the median of 0.27. Basically the way to think about this 0.27 number is this: for the trailing four earnings reports, 0.27 marks the "middle ground" number where PII has reported a value higher than 0.27 half the time, and has reported a value lower than 0.27 half the time. Annualizing that median value then gets us to 1.08/share, which we use as the denominator in our next PE calculation. With 59.26 as the numerator (as of 9/9/2026), the calculation is then 59.26 / 1.08 = 54.9 as the PII PE ratio as of 9/9/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on PII or any other given stock, valuation analysis for PII can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Polaris PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for PII. Thanks for visiting, and the next time you need to research PII Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.