Polaris Inc (PII) is overvalued and Thor Industries Inc (THO) is slightly overvalued.
Both trade above our estimate of their intrinsic value. THO is the closer of the two: -13%, against -836% for PII.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 10.2% (average of 2 methods) values the shares at $65.34; the price of $73.80 is 13% above that value, and 72% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | PII | THO |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $53.97 | $73.80 |
| Intrinsic value | $5.76 | $65.34 |
| Margin of safety | -836% | -13% |
| Leak Score | 0/100 (2/12) | 27/100 (3/12) |
| Market cap | $3.1B | $3.8B |
| Revenue growth, 5 years | 0.3% | 3.2% |
| Operating margin | 1.8% | 2.5% |
| Net margin | -3.5% | 2.7% |
| Return on equity | -25.8% | 6.2% |
| Debt to equity | 2.46 | 0.23 |
| P/E | — | 14.9x |
| Forward P/E | 15.8x | 15.0x |
| P/B | 3.7x | 0.9x |
| Dividend yield | 5.0% | 2.9% |