Polaris (PII) EV to EBITDA (2010 - 2025)
Polaris' EV to EBITDA was 8.75 in Q3 2025, up 29.7% from 6.75 a year earlier and up 70.7% from the prior quarter.
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Analysis
Polaris (PII) EV to EBITDA (2010 - 2025) Analysis & Trends
On a trailing twelve-month basis, Polaris' EV to EBITDA was 6.06 through Sep 30, 2025, up 16.8% year-over-year; for FY2024, it was 5.12, down 1.7% from FY2023.
- EV to EBITDA has now declined for five consecutive years.
- In earlier years, EV to EBITDA was 5.21 in FY2023 (-0.8%), 5.25 in FY2022 (-20.7%), 6.62 in FY2021 (-4.8%) and 6.96 in FY2020 (-17.9%).
- The Q3 2025 figure marks the highest quarterly EV to EBITDA since Q3 2020.
- Compared with a year earlier, EV to EBITDA was higher in three of the last eight quarters, with growth averaging 2.7%.
- The best year-over-year quarter for EV to EBITDA over five years was Q1 2021 (growth of 113.7%); the worst was Q2 2021 (a decline of 75.1%).
- Per Business Quant data, PII's EV to EBITDA in the three quarters before Q3 2025 was 5.13 (Q2 2025), 3.93 (Q1 2025) and 5.12 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,142.14 Bn | 976.70 Bn | 4.75 Bn |
| 2 | Toyota Motor | 240.48 Bn | -166.26 Bn | 20.95 Bn |
| 3 | Ferrari | 149.20 Bn | 141.65 Bn | 1.18 Bn |
| 4 | Honda Motor | 145.55 Bn | 12.93 Bn | 8.46 Bn |
| 5 | General Motors | 70.62 Bn | -34.25 Bn | 7.33 Bn |
| 6 | Ford Motor | 48.18 Bn | -94.29 Bn | 6.08 Bn |
| 7 | Rivian Automotive | 20.39 Bn | -2.90 Bn | 179.00 Mn |
| 8 | Magna International | 18.08 Bn | 15.64 Bn | 1.61 Bn |
| 9 | Stellantis | 12.84 Bn | -153.16 Bn | 5.55 Bn |
| 10 | Polaris | 2.99 Bn | 1.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 8.75 |
| Jun 30, 2025 | 5.13 |
| Mar 31, 2025 | 3.93 |
| Dec 31, 2024 | 5.12 |
| Sep 30, 2024 | 6.75 |
| Jun 30, 2024 | 5.24 |
| Mar 31, 2024 | 6.38 |
| Dec 31, 2023 | 5.21 |
| Sep 30, 2023 | 5.26 |
| Jun 30, 2023 | 5.88 |
| Mar 31, 2023 | 5.42 |
| Dec 31, 2022 | 5.25 |
| Sep 30, 2022 | 5.63 |
| Jun 30, 2022 | 6.71 |
| Mar 31, 2022 | 7.01 |
| Dec 31, 2021 | 6.61 |
| Sep 30, 2021 | 5.22 |
| Jun 30, 2021 | 5.64 |
| Mar 31, 2021 | 8.30 |
| Dec 31, 2020 | 6.96 |
API Access
Polaris EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "PII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();