Polaris (STU:PL6) Cyclically Adjusted PS Ratio: 0.51 (As of Jul. 17, 2026) — 59% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:PL6 Polaris Inc STU:PL6
75 GF Score
Price €60.58
GF Value €56.62
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Polaris Cyclically Adjusted PS Ratio?

Polaris STU:PL6 -2.89% 75 Cyclically Adjusted PS Ratio is 0.51 as of Jul. 17, 2026, which is 59% below its 10-year median of 1.24. GuruFocus rates STU:PL6 with a GF Score™ of 75/100 and a GF Value™ of €56.62 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,042 Vehicles & Parts companies, Polaris ranks better than 56.81% on this metric.

As of today (2026-07-17), Polaris's current share price is €60.58. Polaris's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €118.42. Polaris's Cyclically Adjusted PS Ratio for today is 0.51.

The historical rank and industry rank for Polaris's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:PL6' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 1.24   Max: 2.55
Current: 0.54

During the past years, Polaris's highest Cyclically Adjusted PS Ratio was 2.55. The lowest was 0.26. And the median was 1.24.

STU:PL6's Cyclically Adjusted PS Ratio is ranked better than
56.81% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs STU:PL6: 0.54

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Polaris's adjusted revenue per share data for the three months ended in Mar. 2026 was €24.996. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €118.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Polaris  (STU:PL6) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Polaris Cyclically Adjusted PS Ratio Related Terms


Polaris Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Polaris's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Polaris Cyclically Adjusted PS Ratio Chart

Polaris Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 0.94 0.80 0.46 0.48

Polaris Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.31 0.44 0.48 0.40

STU:PL6 vs THO, PATK, HOG: Cyclically Adjusted PS Ratio Comparison

For the Recreational Vehicles subindustry, Polaris's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Polaris Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Polaris's Cyclically Adjusted PS Ratio falls into.


STU:PL6
75GF Score
Polaris Inc STU:PL6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polaris Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Polaris's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60.58/118.42
=0.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Polaris's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Polaris's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=24.996/330.2130*330.2130
=24.996

Current CPI (Mar. 2026) = 330.2130.

Polaris Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.413 241.018 21.117
201609 16.238 241.428 22.210
201612 17.947 241.432 24.547
201703 16.821 243.801 22.783
201706 19.038 244.955 25.664
201709 19.420 246.819 25.982
201712 18.634 246.524 24.960
201803 16.134 249.554 21.349
201806 19.822 251.989 25.975
201809 22.271 252.439 29.132
201812 23.086 251.233 30.344
201903 21.350 254.202 27.734
201906 25.316 256.143 32.637
201909 25.820 256.759 33.207
201912 24.957 256.974 32.070
202003 20.545 258.115 26.284
202006 21.793 257.797 27.915
202009 26.424 260.280 33.524
202012 27.269 260.474 34.570
202103 25.851 264.877 32.228
202106 25.258 271.696 30.698
202109 24.254 274.310 29.197
202112 28.397 278.802 33.633
202203 26.431 287.504 30.357
202206 32.255 296.311 35.945
202209 39.400 296.808 43.834
202212 38.728 296.797 43.088
202303 35.040 301.836 38.334
202306 35.397 305.109 38.309
202309 36.457 307.789 39.113
202312 36.764 306.746 39.577
202403 27.928 312.332 29.527
202406 32.020 314.175 33.655
202409 27.467 315.301 28.766
202412 29.671 315.605 31.044
202503 24.967 319.799 25.780
202506 28.181 322.561 28.850
202509 27.575 324.800 28.035
202512 28.845 324.054 29.393
202603 24.996 330.213 24.996

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.51 mean?
Polaris (STU:PL6) has a Cyclically Adjusted PS Ratio of 0.51 as of Jul. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Polaris and its competitors. This is 59% below median its historical median of 1.24. Over the past decade, Polaris' Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.55. According to the industry distribution chart, Polaris ranks #450 out of 1042 companies in the Vehicles & Parts industry, placing it in the top 43.2%.
Is Polaris' Cyclically Adjusted PS Ratio too high?
Polaris' current Cyclically Adjusted PS Ratio of 0.51 is 59% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.55. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Polaris' value of 0.51 is 31.1% below this industry median. Based on the distribution chart, Polaris ranks #450 out of 1042 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Polaris has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polaris' Cyclically Adjusted PS Ratio compare to THO and PATK?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #450 out of 1042 companies for Cyclically Adjusted PS Ratio. This puts Polaris in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Polaris' value of 0.51 is 31.1% below this benchmark. Historically, Polaris' own Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.55 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 0.74, Polaris has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,042 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polaris's current Cyclically Adjusted PS Ratio of 0.51 is 31.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Polaris and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Cyclically Adjusted PS Ratio is 0.51, which is 59% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris stock overvalued right now?
Based on GuruFocus' analysis, Polaris (STU:PL6) is currently considered Fairly Valued. The stock's GF Value™ is €56.62, compared to a current price of €60.58 — trading 7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.51, which is 59% below median its 10-year median of 1.24 and 31.1% below the Vehicles & Parts industry median of 0.74. Polaris' overall GF Score™ is 75/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Polaris (STU:PL6), the current Cyclically Adjusted PS Ratio is 0.51 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Polaris (STU:PL6) Overvalued in 2026?

Based on GuruFocus' analysis, Polaris stock appears to be overvalued. The current stock price of €60.58 is trading 7% above its estimated GF Value™ of €56.62. GuruFocus considers Polaris to be Fairly Valued.

Key valuation signals for STU:PL6:

  • Cyclically Adjusted PS Ratio: 0.51 (59% below median its 10-year median of 1.24)
  • GF Value™: €56.62 vs. price of €60.58 (7% above fair value)
  • GF Score™: 75/100 with 10 warning signs
  • Industry Position: 31.1% below the Vehicles & Parts median (#450 of 1042)

No single metric tells the full story. See the STU:PL6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polaris Business Description

Other Exchanges PII:USA0KJQ:UK
Address 2100 Highway 55, Medina, MN, USA, 55340
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.
75GF Score

Get the complete analysis for STU:PL6

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€60.58
Price
€56.62
GF Value