The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Polaris Forward PE Ratio Related Terms
Polaris Forward PE Ratio Historical Data
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The historical data trend for Polaris's Forward PE 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 Forward PE Ratio Chart
Polaris Annual Data
Trend
2015-12
2016-12
2017-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
11.53
17.95
21.46
13.05
10.53
9.54
9.34
20.69
39.15
Polaris Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2019-06
2019-09
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-12
2025-03
2025-09
2025-12
2026-03
Forward PE Ratio
11.53
13.68
13.09
14.45
17.95
18.73
19.65
16.45
21.46
20.20
20.28
16.72
15.63
12.52
7.69
26.39
12.94
13.05
15.31
14.75
11.70
10.53
11.19
9.82
9.24
9.54
11.57
10.63
9.77
9.34
12.00
20.69
45.71
56.69
39.15
41.18
MEX:PII vs THO, PATK, HOG: Forward PE Ratio Comparison
For the Recreational Vehicles subindustry, Polaris's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Polaris's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Polaris (MEX:PII) has a Forward PE Ratio of 38.34 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Polaris and its competitors. According to the industry distribution chart, Polaris ranks #515 out of 594 companies in the Vehicles & Parts industry, placing it in the top 86.7%.
Is Polaris' Forward PE Ratio too high?
Polaris' current Forward PE Ratio is 38.34. The Vehicles & Parts industry median Forward PE Ratio is 13.25. Polaris' value of 38.34 is 189.5% above this industry median. Based on the distribution chart, Polaris ranks #515 out of 594 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Polaris has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Polaris' Forward PE Ratio compare to THO and PATK?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #515 out of 594 companies for Forward PE Ratio. This places Polaris in the lower half of its industry. The industry median Forward PE Ratio is 13.25. Polaris' value of 38.34 is 189.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Vehicles & Parts company?
The median Forward PE Ratio among Vehicles & Parts companies is 13.25, based on 594 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Polaris's current Forward PE Ratio of 38.34 is 189.5% above 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Polaris and its competitors. For the Vehicles & Parts industry, the median Forward PE Ratio is 13.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Forward PE Ratio is 38.34. 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?
Polaris (MEX:PII) has a current Forward PE Ratio of 38.34. The stock's GF Value™ is MXN1,325.61, compared to a current price of MXN1,213.00 — trading 8.5% below its estimated fair value. The current Forward PE Ratio is 38.34 and 189.5% above the Vehicles & Parts industry median of 13.25. Polaris' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Polaris (MEX:PII), the current Forward PE Ratio is 38.34 as of Jul. 06, 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 (MEX:PII) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris stock appears to be undervalued.
The current stock price of MXN1,213.00 is trading 8.5% below its estimated GF Value™ of MXN1,325.61.
Key valuation signals for MEX:PII:
Forward PE Ratio: 38.34
GF Value™: MXN1,325.61 vs. price of MXN1,213.00 (8.5% below fair value)
Industry Position: 189.5% above the Vehicles & Parts median (#515 of 594)
No single metric tells the full story. See the MEX:PII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
73GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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