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Polaris EV/EBIT PII

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2011.

Today, Oct 23, 2026
n/m
an operating loss
Last meaningful
19.5×
Feb 2026
10-year median
14.4×
10-year range
7.3× to 27.6×
Peer median
20.7×

Polaris has no meaningful EV/EBIT today: it made an operating loss of $190M over the last twelve months.

It was last meaningful in Feb 2026, at 19.5×.

On the days it had one over the last ten years, its median was 14.4×, from 7.3× in May 2023 to 27.6× in Sep 2017.

EV/EBIT over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far19.5×18.3×20.0×
202518.8×10.6×19.5×
202413.6×8.5×15.6×
20238.9×7.3×10.8×
20228.6×8.6×13.3×
20219.7×9.1×18.5×
202014.9×8.1×22.1×
201916.0×13.1×16.7×
201813.7×13.3×27.5×
201725.4×14.1×27.6×
201613.6×6.4×14.8×
20157.5×7.4×15.5×
201415.0×14.3×17.7×
201317.6×11.2×18.0×
201212.2×11.3×15.4×
201110.7×10.3×15.2×

Against its peers

Companies in Aerospace & Defense nearest Polaris' size, closest first, today.

CompanyEV/EBIT
PIIPolarisn/m
HOGHarley-Davidson15.8×
THOThor Industries15.3×
AIRAAR14.7×
ATROAstronics22.1×
KRMNKarman57.3×
LOARLoar51.5×
SAROStandardAero15.6×
KTOSKratos Defense & Security Solutions259×
DRSLeonardo DRS22.7×
HIIHuntington Ingalls Industries19.3×
Peer median20.7×

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on Polaris

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.