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PolarisPII +5.83%76 Net Cash per Share is $-71.38 as of Jun. 2026. GuruFocus rates PII with a GF Score™ of 76/100 and a GF Value™ of $69.59 (Fairly Valued). The stock has 7 warning signs investors should review. Among 179 Vehicles & Parts companies, Polaris ranks worse than 558658.66% on this metric.
The historical rank and industry rank for Polaris's Net Cash per Share or its related term are showing as below:
PII's Price-to-Net-Cash is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.31 * Ranked among companies with meaningful Price-to-Net-Cash only.
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Polaris Net Cash per Share Related Terms
Polaris Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Polaris's Net Cash per Share 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.
PII vs THO, BC, PATK: Net Cash per Share Comparison
For the Recreational Vehicles subindustry, Polaris's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Polaris's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Polaris's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (PII) has a Net Cash per Share of $-71.38 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Polaris and its competitors. According to the industry distribution chart, Polaris ranks #999999 out of 179 companies in the Vehicles & Parts industry.
Is Polaris' Net Cash per Share too high?
Polaris' current Net Cash per Share is $-71.38. Based on the distribution chart, Polaris ranks #999999 out of 179 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Polaris has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polaris' Net Cash per Share compare to THO and BC?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #999999 out of 179 companies for Net Cash per Share. This places Polaris in the lower half of its industry. The industry median Net Cash per Share is 8.31. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Vehicles & Parts company?
The median Net Cash per Share among Vehicles & Parts companies is 8.31, based on 179 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Polaris and its competitors. For the Vehicles & Parts industry, the median Net Cash per Share is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Net Cash per Share is $-71.38. 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 (PII) is currently considered Fairly Valued. The stock's GF Value™ is $69.59, compared to a current price of $70.99 — trading 2% above its estimated fair value. The current Net Cash per Share is $-71.38. Polaris' overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Polaris (PII), the current Net Cash per Share is $-71.38 as of Jun. 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 (PII) Overvalued in 2026?
Based on GuruFocus' analysis, Polaris stock appears to be overvalued.
The current stock price of $70.99 is trading 2% above its estimated GF Value™ of $69.59.
GuruFocus considers Polaris to be Fairly Valued.
Key valuation signals for PII:
Net Cash per Share: $-71.38
GF Value™: $69.59 vs. price of $70.99 (2% above fair value)
No single metric tells the full story. See the 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.
76GF Score
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