ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Polaris's annualized net income for the quarter that ended in Mar. 2026 was MXN-3,419 Mil. Polaris's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN14,224 Mil. Therefore, Polaris's annualized ROE % for the quarter that ended in Mar. 2026 was -24.04%.
The historical rank and industry rank for Polaris's ROE % or its related term are showing as below:
MEX:PII'
s ROE % Range Over the Past 10 Years
Min: -43.95 Med: 27.93 Max: 41.7
Current: -43.4
During the past 13 years, Polaris's highest ROE % was 41.70%. The lowest was -43.95%. And the median was 27.93%.
MEX:PII's ROE % is ranked worse than 95.11% of 1308
companies
in the Vehicles & Parts industry
Industry Median: 6.62
vs MEX:PII: -43.40
Polaris (MEX:PII) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Polaris ROE % Related Terms
Polaris ROE % Historical Data
* Premium members only.
The historical data trend for Polaris's ROE % 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.
For the Recreational Vehicles subindustry, Polaris's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Polaris's ROE % distribution charts can be found below:
* The bar in red indicates where Polaris's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Polaris (MEX:PII) has a ROE % of -24.04% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Polaris and its competitors. According to the industry distribution chart, Polaris ranks #1244 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 95.1%.
Is Polaris' ROE % too high?
Polaris' current ROE % is -24.04%. Based on the distribution chart, Polaris ranks #1244 out of 1308 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Polaris has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Polaris' ROE % compare to THO and PATK?
According to the Vehicles & Parts industry distribution chart, Polaris ranks #1244 out of 1308 companies for ROE %. This places Polaris in the lower half of its industry. The industry median ROE % is 6.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Polaris and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current ROE % is -24.04%. 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 ROE % of -24.04%. The stock's GF Value™ is MXN1,160.38, compared to a current price of MXN1,213.00 — trading 4.5% above its estimated fair value. The current ROE % is -24.04%. Polaris' overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Polaris (MEX:PII), the current ROE % is -24.04% 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 overvalued.
The current stock price of MXN1,213.00 is trading 4.5% above its estimated GF Value™ of MXN1,160.38.
Key valuation signals for MEX:PII:
ROE %: -24.04%
GF Value™: MXN1,160.38 vs. price of MXN1,213.00 (4.5% above 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.
74GF Score
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