Polaris Inc. Financial Ratios — PII Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	74.81	85.3	133.32	162.52	107.1	56.9	63.4	183.67	158.19	49.24	262.09	465	361.08	56.3	- -
Return on Assets (%)	19.88	22.99	23.77	24.15	20.42	7.76	5.57	9.3	7.57	2.75	10.2	8.71	9.37	2.01	-8.94
Return on Capital (%)	50.28	66.79	79.39	86.03	60.21	19.05	14.61	23.44	18.46	9.44	27.46	23.65	26.82	9.39	- -
Return on Invested Capital (%)	38.89	44.15	46.89	48.05	37.32	13.76	10.07	16.27	13.4	18.49	19.16	19.93	16.84	6.59	- -
Gross Margin (%)	27.87	28.83	29.68	29.45	28.37	24.48	24.4	24.7	24.31	24.33	23.54	22.81	21.94	20.44	19.14
EBITDA Margin (%)	15.67	17.1	17.74	18.8	18.4	11.46	10.15	11.49	10.59	12.13	12.48	12.08	10.74	8.04	4.49
Operating Margin (%)	13.17	14.91	15.3	15.95	15.17	7.76	6.63	8.02	7.13	8.42	9.57	9.37	7.84	4.05	0.48
Incremental Operating Margin (%)	19.41	23.24	17.54	19.47	0.6	180.53	1.03	19.65	-0.53	43.93	29.3	8.04	-29.99	23.33	1,095.3
Pretax Margin (%)	13.05	14.95	15.21	15.61	14.53	6.94	5.87	7.06	6.01	2.01	8.45	8.86	6.94	1.96	-7.45
Profit Margin (%)	8.57	9.73	9.99	10.14	9.65	4.71	3.18	5.52	4.78	1.78	6.64	5.21	5.63	1.54	-6.51
Net Income to Common Margin (%)	8.57	9.73	9.99	10.14	9.65	4.71	3.18	5.52	4.78	1.78	6.64	5.21	5.63	1.54	-6.51
Effective Tax Rate (%)	34.35	34.91	33.66	35.08	33.6	32.02	45.89	21.88	20.57	11.67	21.01	20.75	18.97	21.02	- -
Dvd Payout Ratio (%)	27.06	32.51	29.84	27.95	30.59	65.9	84.31	44.44	46.05	122	30.87	24.84	29.31	132.35	-32.39
Sustainable Growth Rate (%)	54.57	57.57	93.53	117.09	74.34	19.4	9.95	102.05	85.35	-10.83	181.19	349.5	255.25	-18.21	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	107	107	288	226	461	1,142	913	1,963	1,806	1,578	1,891	2,169	2,053	2,201	1,665
ST Debt	3	3	3	3	5	4	48	67	202	177	573	578	84	463	63
LT Debt	105	104	284	224	456	1,138	865	1,896	1,605	1,401	1,319	1,591	1,970	1,738	1,602
Total Debt/EBITDA	0.26	0.2	0.43	0.27	0.53	2.21	1.66	2.81	2.52	1.85	2.04	2.09	2.14	3.82	5.19
Net Debt/EBITDA	-0.54	-0.58	0.28	0.08	0.33	1.93	1.37	2.56	2.12	0.94	1.39	1.67	1.61	3.09	4.37
Total Debt/EBIT	0.31	0.22	0.5	0.32	0.64	3.26	2.54	4.03	3.73	2.67	2.66	2.7	2.93	7.57	48.53
Net Debt/EBIT	-0.64	-0.66	0.33	0.09	0.4	2.85	2.1	3.66	3.15	1.35	1.81	2.15	2.2	6.14	40.86
EBITDA to Interest Expense	104.42	92.55	107.89	74.94	75.79	31.73	17.13	12.25	9.26	12.78	21	14.47	7.68	4.21	2.44
EBITDA-CapEx/Interest Expense	83.23	75.17	67.41	56.69	54.01	18.91	11.39	8.3	6.02	9.57	14.61	10.19	4.38	1.84	1.05
EBIT to Interest Expense	87.77	80.65	93.06	63.59	62.51	21.46	11.19	8.55	6.23	8.87	16.11	11.22	5.61	2.12	0.26
Interest Expense	4	6	6	11	11	16	32	57	78	67	44	72	125	137	131
Common Equity/Total Assets	26.26	27.53	9.27	19.4	18.77	9.7	7.88	2.95	6.5	4.73	3.13	0.66	4.43	2.71	-9.57
Long-Term Debt/Equity (%)	20.92	15.1	53.09	25.96	46.5	131.26	92.87	218.68	144.8	122.37	107.53	144.46	138.62	134.29	192.32
Long-Term Debt/Capital (%)	24.34	20.17	64.06	35.57	50.19	78.89	74.82	90.96	76.62	77.96	64.29	72.14	85.65	73.8	133.39
Long-Term Debt/Total Assets (%)	8.52	7.01	16.87	10.78	19.13	36.72	28.01	45.97	36.22	30.24	26.12	30.5	35.7	31.45	32.73
Total Debt/Equity (%)	21.45	15.52	53.7	26.26	47.02	131.7	98	226.36	162.99	137.81	154.24	196.9	144.5	170.07	199.87
Total Debt/Capital (%)	24.96	20.73	64.8	35.97	50.75	79.16	78.95	94.15	86.24	87.8	92.2	98.33	89.28	93.47	138.63
Total Debt/Total Assets (%)	8.73	7.2	17.06	10.9	19.34	36.84	29.55	47.58	40.77	34.06	37.47	41.57	37.22	39.83	34.02
Net Debt to Equity	-45.06	-45.91	35.15	7.54	29.19	114.99	81.18	205.91	137.3	69.99	104.89	157.36	108.43	137.9	168.27
Net Debt/Capital (%)	-215.77	-317.2	53.54	13.22	38	75.8	74.29	92.82	78.54	68.94	83.04	92.13	79.75	86.35	131.87
EBITDA	416	549	670	842	868	518	551	698	718	852	928	1,037	960	577	321
EBITDA-CapEx	332	446	419	637	619	309	366	473	467	638	646	731	547	252	138
Operating Income (Loss)	350	478	578	715	716	350	360	487	484	592	712	804	701	291	34

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.55	0.66	0.12	0.16	0.19	0.13	0.12	0.13	0.1	0.34	0.23	0.14	0.19	0.13	0.06
Current Ratio	1.49	1.61	1.16	1.29	1.39	1.24	1.11	1.24	1.06	1.17	1.15	1.19	1.39	1.15	0.98
Quick Ratio	0.79	0.88	0.39	0.41	0.43	0.37	0.33	0.33	0.25	0.47	0.33	0.3	0.35	0.22	0.17
CFO/Avg Current Liab	0.52	0.68	0.71	0.66	0.52	0.66	0.56	0.41	0.48	0.6	0.14	0.22	0.43	0.13	0.33
Common Equity/Total Assets	26.26	27.53	9.27	19.4	18.77	9.7	7.88	2.95	6.5	4.73	3.13	0.66	4.43	2.71	-9.57
Long-Term Debt/Equity (%)	20.92	15.1	53.09	25.96	46.5	131.26	92.87	218.68	144.8	122.37	107.53	144.46	138.62	134.29	192.32
Long-Term Debt/Capital (%)	24.34	20.17	64.06	35.57	50.19	78.89	74.82	90.96	76.62	77.96	64.29	72.14	85.65	73.8	133.39
Long-Term Debt/Total Assets (%)	8.52	7.01	16.87	10.78	19.13	36.72	28.01	45.97	36.22	30.24	26.12	30.5	35.7	31.45	32.73
Total Debt/Equity (%)	21.45	15.52	53.7	26.26	47.02	131.7	98	226.36	162.99	137.81	154.24	196.9	144.5	170.07	199.87
Total Debt/Capital (%)	24.96	20.73	64.8	35.97	50.75	79.16	78.95	94.15	86.24	87.8	92.2	98.33	89.28	93.47	138.63
Total Debt/Total Assets (%)	8.73	7.2	17.06	10.9	19.34	36.84	29.55	47.58	40.77	34.06	37.47	41.57	37.22	39.83	34.02
CFO/Total Liabilities	41.56	52.14	42.81	43.61	31.35	26.41	27.13	14.64	19.72	29.2	7.69	12.36	22.61	6.34	18.25
CFO/CapEx	3.58	4.04	1.96	2.58	1.76	2.82	3.17	2.12	2.61	4.76	1.04	1.66	2.24	0.83	4.05
Altman's Z-Score	7.18	8.57	9.36	9.11	6.19	4.19	5.25	4.03	4.16	3.74	3.59	3.62	3.5	2.37	2.14

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	25.97	27.31	24.69	22.91	26.54	27.74	28.95	30.6	35.01	31.4	30.67	30.09	27.52	28.78	33.28
Days Sales Outstanding	14.05	13.37	14.78	15.93	13.75	13.16	12.61	11.93	10.43	11.62	11.9	12.13	13.27	12.68	10.97
Inventory Turnover	7.18	7.11	6.96	6.43	5.3	4.68	5.36	5.22	4.91	4.63	4.23	3.89	3.76	3.21	3.67
Days Inventory Outstanding	50.85	51.37	52.42	56.8	68.87	77.93	68.06	69.91	74.32	78.89	86.25	93.78	96.99	113.55	99.53
Accounts Payable Turnover	15.22	14.77	13.41	11.38	10.96	12.02	14.01	14.35	13.27	8.72	7.73	8.64	8.83	8.84	8.23
Accounts Payable Turnover Days	23.98	24.72	27.22	32.08	33.3	30.35	26.05	25.43	27.5	41.85	47.23	42.24	41.35	41.29	44.35
Cash Conversion Cycle	40.92	40.02	39.98	40.65	49.33	60.73	54.62	56.41	57.24	48.66	50.92	63.67	68.91	84.95	66.15
Inventory to Cash Days	-36.8	-38	-37.64	-40.87	-55.12	-64.77	-55.46	-57.99	-63.89	-67.27	-74.35	-81.65	-83.72	-100.87	-88.56
Inventories	298	345	418	566	710	747	784	970	1,121	1,178	1,511	1,896	1,810	1,742	1,412
Raw Materials	139	166	233	329	357	458	502	576	702	864	997	1,215	1,126	908	893
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	175	197	206	263	389	334	329	442	476	381	588	768	779	943	615
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	3,851	5,794	9,981	10,008	5,674	5,297	7,801	4,793	6,248	5,898	6,737	5,989	5,411	3,256	3,599
- Cash & Cash Equivalents	325	417	92	138	155	127	138	161	157	635	502	324	368	288	138
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	4	4
+ Total Debt	107	107	288	226	461	1,142	913	1,963	1,806	1,578	1,891	2,169	2,053	2,201	1,665
Enterprise Value	3,633	5,484	10,177	10,097	5,981	6,312	8,576	6,595	7,898	6,841	8,129	7,836	7,099	5,173	5,130
Total Capital	430	517	444	629	909	1,443	1,156	2,085	2,094	1,797	2,051	2,206	2,300	2,355	1,201
Total Debt/Capital (%)	24.96	20.73	64.8	35.97	50.75	79.16	78.95	94.15	86.24	87.8	92.2	98.33	89.28	93.47	138.63
Total Debt / EV	0.03	0.02	0.03	0.02	0.08	0.18	0.11	0.3	0.23	0.23	0.23	0.28	0.29	0.43	0.32
EV/Sales	1.37	1.71	2.69	2.25	1.27	1.4	1.58	1.09	1.16	0.97	1.09	0.91	0.79	0.72	0.72
EV/EBITDA	8.73	9.99	15.19	11.99	6.89	12.19	15.57	9.44	11	8.03	8.76	7.55	7.4	8.97	15.99
EV/EBIT	10.38	11.46	17.61	14.13	8.35	18.02	23.84	13.53	16.33	11.57	11.42	9.74	10.13	17.8	149.57
EV/Cash Flow to Firm	11.91	13.06	20.5	18.82	13.35	10.51	14.23	12.64	11.02	6.35	24.74	13.86	6.91	13.74	6
EV/Free Cash Flow to Firm	9.32	10.48	13.61	13.61	8.58	7.79	10.89	8.83	8.16	5.3	13.29	8.99	4.93	7.38	4.94
Diluted Market Cap	3,978	5,975	10,274	10,319	5,800	5,368	7,958	4,904	6,335	5,965	6,891	6,070	5,468	3,273	3,599
Diluted Enterprise Value	3,760	5,665	10,470	10,408	6,106	6,383	8,732	6,705	7,984	6,908	8,282	7,917	7,156	5,190	5,130
EV per Share	52.81	79.65	148.49	152.58	90.59	98.17	136.3	105.5	128.55	110.52	132.6	132.15	124.33	91.55	90.16
TTM Sales	2,657	3,210	3,777	4,480	4,719	4,517	5,428	6,078	6,782	7,028	7,439	8,589	8,934	7,175	7,152
TTM EBITDA	416	549	670	842	868	518	551	698	718	852	928	1,037	960	577	321
TTM Operating Income	350	478	578	715	716	350	360	487	484	592	712	804	701	291	34
TTM Cash Flow to Firm	305	420	496	537	448	601	603	522	717	1,078	329	565	1,027	376	856
TTM Free Cash Flow to Firm	390	523	748	742	697	810	787	747	968	1,291	611	872	1,440	701	1,039

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	10.28	11.51	13.82	14.05	8.41	6.72	10.34	6.98	6.99	4.84	11.95	7.45	4.09	5.52	3.9
EV/EBIT	10.38	11.46	17.61	14.13	8.35	18.02	23.84	13.53	16.33	11.57	11.42	9.74	10.13	17.8	149.57
Enterprise Value	3,633	5,484	10,177	10,097	5,981	6,312	8,576	6,595	7,898	6,841	8,129	7,836	7,099	5,173	5,130
Low Price	34.97	53.64	82.8	118.8	81.42	67.8	77.91	70.27	74.6	37.35	94.42	91.86	82	55.55	30.92
EV/Sales	1.37	1.71	2.69	2.25	1.27	1.4	1.58	1.09	1.16	0.97	1.09	0.91	0.79	0.72	0.72
EV/EBITDA	8.73	9.99	15.19	11.99	6.89	12.19	15.57	9.44	11	8.03	8.76	7.55	7.4	8.97	15.99
Price/Earnings	16.92	18.55	26.46	22.04	12.46	24.88	45.23	14.3	19.28	47.26	13.64	13.4	10.76	29.38	- -
Price/Earnings Average	15.32	16.55	19.33	20.49	19.29	25.95	35.14	20.44	17.06	43.74	15.59	14.39	12.25	41.67	-6.29
Price/Earnings High	19.91	19.8	26.6	23.22	22.94	31.48	49.12	25.67	19.79	54.71	18.34	16.89	15.73	51.46	-9.2
Price/Earnings Low	10.57	11.82	15.04	17.32	11.8	20.47	28.42	13.1	14.15	18.53	11.72	12.18	9.31	28.33	-3.78
Price/Book Value	11.94	14.14	63.89	24.87	12.67	17.62	32.05	39.38	21.7	26.93	42.67	174.11	22.17	21.78	-7.68
Price/Book Value Average	10.81	12.61	46.68	23.11	19.61	18.38	24.91	56.31	19.2	24.93	48.76	186.98	25.24	30.88	-6.25
Price/Book Value High	14.05	15.09	64.23	26.2	23.33	22.29	34.81	70.7	22.27	31.18	57.35	219.57	32.4	38.14	-9.14
Price/Book Value Low	7.46	9.01	36.32	19.53	12	14.5	20.14	36.09	15.92	10.56	36.66	158.35	19.18	20.99	-3.76
Price/Tangible Book Value	9.12	9.93	32.63	15.7	7.61	71.53	51.64	-7.37	-16.36	96.53	23.14	31.37	10.52	9.1	109.39
Price/Tangible Book Value Average	8.26	8.86	23.84	14.6	11.78	74.62	40.13	-10.54	-14.47	89.35	26.45	33.69	11.98	12.9	88.95
Price/Tangible Book Value High	10.73	10.6	32.8	16.54	14.02	90.5	56.08	-13.23	-16.79	111.74	31.11	39.57	15.37	15.93	130.14
Price/Tangible Book Value Low	5.7	6.33	18.55	12.34	7.21	58.86	32.45	-6.75	-12	37.84	19.88	28.53	9.1	8.77	53.48
Price/Sales	1.45	1.8	2.64	2.23	1.2	1.17	1.44	0.79	0.92	0.84	0.91	0.7	0.61	0.45	0.5
Price/Sales Average	1.31	1.61	1.93	2.08	1.86	1.22	1.12	1.13	0.81	0.78	1.03	0.75	0.69	0.64	0.41
Price/Sales High	1.71	1.93	2.66	2.35	2.21	1.48	1.56	1.42	0.95	0.97	1.22	0.88	0.89	0.79	0.6
Price/Sales Low	0.91	1.15	1.5	1.75	1.14	0.97	0.9	0.72	0.68	0.33	0.78	0.63	0.52	0.44	0.25
Price/Cash Flow	12.73	13.92	20.28	18.91	12.89	8.98	13.33	10.05	9.54	5.79	22.94	11.78	5.85	12.14	4.86
Price/Cash Flow Average	11.53	12.42	14.82	17.57	19.95	9.37	10.36	14.37	8.44	5.36	26.21	12.65	6.66	17.21	3.95
Price/Cash Flow High	14.98	14.86	20.38	19.92	23.73	11.37	14.47	18.04	9.79	6.7	30.83	14.85	8.54	21.26	5.78
Price/Cash Flow Low	7.95	8.88	11.53	14.85	12.21	7.39	8.37	9.21	7	2.27	19.71	10.71	5.06	11.7	2.37
Price/Free Cash Flow Average	9.31	10.27	10.09	13.06	13.02	7.01	8.03	9.98	6.18	4.48	13.66	8	4.65	7.83	3.17
Price/Free Cash Flow High	12.09	12.29	13.89	14.8	15.48	8.5	11.23	12.53	7.17	5.6	16.07	9.39	5.97	9.67	4.63
Price/Free Cash Flow Low	6.42	7.34	7.85	11.04	7.97	5.53	6.5	6.4	5.13	1.9	10.27	6.77	3.54	5.32	1.9
EV/Sales Average	1.23	1.51	1.98	2.1	1.93	1.45	1.26	1.42	1.06	0.91	1.22	0.96	0.88	0.91	0.62
EV/Sales High	1.62	1.83	2.71	2.37	2.28	1.71	1.7	1.71	1.19	1.11	1.4	1.09	1.07	1.06	0.81
EV/Sales Low	0.82	1.05	1.55	1.77	1.2	1.19	1.05	1.02	0.92	0.46	0.97	0.85	0.71	0.7	0.46
EV/EBITDA Average	7.85	8.85	11.18	11.15	10.47	12.63	12.41	12.39	9.99	7.51	9.79	7.98	8.18	11.33	13.9
EV/EBITDA High	10.36	10.7	15.27	12.62	12.38	14.9	16.79	14.9	11.22	9.12	11.25	9.06	10	13.21	18.12
EV/EBITDA Low	5.25	6.16	8.76	9.44	6.54	10.38	10.31	8.87	8.68	3.82	7.73	7.03	6.64	8.76	10.26
EV/EBIT Average	9.34	10.16	12.96	13.14	12.69	18.67	19.01	17.76	14.84	10.82	12.77	10.29	11.2	22.48	129.96
EV/EBIT High	12.32	12.28	17.7	14.88	15.02	22.03	25.71	21.35	16.67	13.14	14.67	11.68	13.69	26.22	169.47
EV/EBIT Low	6.25	7.07	10.16	11.12	7.93	15.34	15.78	12.71	12.89	5.5	10.08	9.07	9.09	17.4	95.93
Last Price	55.98	84.15	145.64	151.24	85.95	82.39	123.99	76.68	101.7	95.28	109.91	101	94.77	57.62	63.25
High Price	65.86	89.83	146.41	159.33	158.24	104.25	134.67	137.66	104.37	110.3	147.73	127.37	138.49	100.91	75.25
Enterprise Value Average	3,269	4,859	7,488	9,390	9,089	6,541	6,837	8,656	7,177	6,402	9,090	8,279	7,849	6,534	4,458
Enterprise Value High	4,313	5,875	10,230	10,632	10,753	7,717	9,248	10,407	8,062	7,771	10,447	9,400	9,595	7,619	5,813
Enterprise Value Low	2,188	3,383	5,870	7,950	5,681	5,374	5,676	6,194	6,233	3,255	7,179	7,294	6,370	5,056	3,291

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	68	69	66	66	65	63	63	61	61	62	60	57	56	56	56
Diluted Weighted Avg Shares	71	71	71	68	67	65	64	64	62	63	63	60	58	57	57
Basic Weighted Avg Shares	69	69	69	66	66	64	63	63	61	62	61	59	57	56	57
Revenue per Share	38.62	46.62	55.11	67.69	71.48	70.25	86.28	97.24	110.4	113.54	121.36	144.84	156.47	127	125.69
EBITDA per Share	6.05	7.97	9.78	12.73	13.15	8.05	8.75	11.17	11.69	13.77	15.15	17.49	16.81	10.21	5.64
Operating Income per Share	5.09	6.95	8.43	10.8	10.85	5.45	5.72	7.8	7.87	9.56	11.62	13.57	12.27	5.14	0.6
Basic EPS, GAAP	3.31	4.54	5.51	6.86	6.9	3.31	2.74	5.36	5.27	2.02	8.06	7.54	8.81	1.96	-8.18
Basic EPS from Cont Ops	3.31	4.54	5.56	6.86	6.9	3.31	2.74	5.36	5.27	2.02	8.1	10.18	8.8	1.97	-8.17
Diluted EPS, GAAP	3.2	4.4	5.35	6.65	6.75	3.27	2.69	5.24	5.2	1.99	7.88	7.44	8.71	1.95	-8.18
Diluted EPS from Cont Ops	3.2	4.4	5.4	6.65	6.75	3.27	2.69	5.24	5.2	2	7.92	10.04	8.71	1.96	-8.17
Dividend per Share	0.9	1.47	1.66	1.92	2.11	2.18	2.31	2.38	2.43	2.46	2.5	2.53	2.58	2.61	2.64
Cash Flow per Share	4.4	6.04	7.18	8	6.67	9.17	9.3	7.63	10.66	16.46	4.79	8.58	16.21	4.75	13.02
Free Cash Flow per Basic Share	3.17	4.55	3.51	4.9	2.89	5.92	6.37	4.03	6.57	13	0.18	3.41	8.99	-0.99	9.81
Cash & Equivalents per Share	4.73	6.06	1.35	2.08	2.35	1.98	2.2	2.58	2.56	10.25	8.19	5.47	6.44	5.09	2.43
Book Value per Share	4.69	5.95	2.28	6.08	6.78	4.68	3.87	1.95	4.69	3.54	2.58	0.58	4.27	2.65	-8.23
Tangible Book Value per Share	6.14	8.47	4.46	9.63	11.29	1.15	2.4	-10.41	-6.22	0.99	4.75	3.22	9.01	6.33	0.58

Polaris Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)