Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Polaris's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN-3,419 Mil. Polaris's average total tangible assets for the quarter that ended in Mar. 2026 was MXN76,946 Mil. Therefore, Polaris's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -4.44%.
The historical rank and industry rank for Polaris's Return-on-Tangible-Asset or its related term are showing as below:
MEX:PII'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.72 Med: 10.09 Max: 13.64
Current: -10.14
During the past 13 years, Polaris's highest Return-on-Tangible-Asset was 13.64%. The lowest was -10.72%. And the median was 10.09%.
MEX:PII's Return-on-Tangible-Asset is ranked worse than 91.3% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.115
vs MEX:PII: -10.14
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Polaris Return-on-Tangible-Asset Related Terms
Polaris Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Polaris's Return-on-Tangible-Asset 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.
MEX:PII vs THO, PATK, HOG: Return-on-Tangible-Asset Comparison
For the Recreational Vehicles subindustry, Polaris's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Polaris's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -4.44% mean?
Polaris (MEX:PII) has a Return-on-Tangible-Asset of -4.44% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Polaris and its competitors. According to the industry distribution chart, Polaris ranks #1218 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 91.3%.
Is Polaris' Return-on-Tangible-Asset too high?
Polaris' current Return-on-Tangible-Asset is -4.44%. Based on the distribution chart, Polaris ranks #1218 out of 1334 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' Return-on-Tangible-Asset compare to THO and PATK?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #1218 out of 1334 companies for Return-on-Tangible-Asset. This places Polaris in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.12, based on 1,334 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Polaris and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Return-on-Tangible-Asset is -4.44%. 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 Return-on-Tangible-Asset of -4.44%. 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 Return-on-Tangible-Asset is -4.44%. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Polaris (MEX:PII), the current Return-on-Tangible-Asset is -4.44% as of Mar. 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:
Return-on-Tangible-Asset: -4.44%
GF Value™: MXN1,325.61 vs. price of MXN1,213.00 (8.5% below fair value)
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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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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