Patrick Industries Inc (PATK) is fairly valued and Polaris Inc (PII) is overvalued.
Against our estimates of intrinsic value, PATK trades at the wider discount: a margin of safety of +4%, against -836% for PII.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $74.07; the price of $71.06 is 4% below that value, and 79% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 8.8% values the shares at $5.76; the price of $53.97 is 836% above that value.
Leak Score 0/100 on 2 of 12 signals
| Metric | PATK | PII |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $71.06 | $53.97 |
| Intrinsic value | $74.07 | $5.76 |
| Margin of safety | +4% | -836% |
| Leak Score | 14/100 (3/12) | 0/100 (2/12) |
| Market cap | $2.3B | $3.1B |
| Revenue growth, 5 years | 9.7% | 0.3% |
| Operating margin | 7.0% | 1.8% |
| Net margin | 3.7% | -3.5% |
| Return on equity | 13.0% | -25.8% |
| Debt to equity | 1.46 | 2.46 |
| P/E | 16.9x | — |
| Forward P/E | 13.5x | 15.8x |
| P/B | 2.0x | 3.7x |
| Dividend yield | 2.6% | 5.0% |