Two premierships, three grand final appearances, two minor premierships and a junior system that would make any rival club envious.
The club trounced Parramatta 28-12 in last year's decider, and that was a kind result after the Panthers ran in three tries in the opening 27 minutes, a subtle display of the gap between Penrith and the rest of the competition.
They've still got bona fide superstars in Nathan Cleary, Brian To'o, Isaah Yeo, and endless more representative stars, and as soon as one departs, there's a host of junior ready to snap up the vacancy in the club's 17.
No club has completed a three-peat since Parramatta in the early 1980's, and another premiership this season will confirm Penrith as the best team of the NRL era.
Outs: J'maine Hopgood (Parramatta Eels), Robert Jennings (The Dolphins), Viliame Kikau(Canterbury-Bankstown Bulldogs), Apisai Koroisau (Wests Tigers), Sean O'Sullivan (The Dolphins), Charlie Staines (Wests Tigers)
Soni Luke will snatch a bench spot as he looks to become the club's new explosive hooker, while Luke Garner is tipped to fill the Kikau-shaped hole on the left. Tyrone Peachey has rejoined the club, but isn't tipped to feature in the best 17.
Key talking points
Is a three-peat beyond their reach?
No club has done it since the Parramatta Eels in the early 1980's, so it begs the question, can the Panthers pull off the coveted three-peat?
They certainly have enough weapons in their arsenal even without Viliame Kikau and Api Koroisau, but they'll be hunted more than ever.
The last time to win consecutive premierships, the Sydney Roosters, were shaping well before injuries and the COVID break derailed their season. The Panthers certainly have enough in their roster to do it.
Can the club cover the loss of Api Koroisau?
There is no better way to sum up Koroisau's importance to this team than last year's preliminary final against South Sydney, when Mitch Kenny started the match.
The Rabbitohs led 12-0 while Kenny played hooker. Enter Api. Penrith won the remainder of the match 32-0, completely shifting the tide after coming onto the pitch.
A lot of pressure will be heaped onto Soni Luke, with Kenny's attacking game limited compared to the Fijian international. It'll take some adjusting at Penrith.
Will the club fight off the injury curse again?
The Panthers have had a great run in recent years in terms of their casualty ward, and despite some short-term injuries at the club, they've avoided losing their stars long-term.
Taylan May's knee injury sustained in the World Club Challenge was the first ACL tear at the club in five years, an outstanding achievement and credit to their medical department.
While everyone talks about losing Kikau and Koroisau, players like Charlie Staines, Robert Jennings, Isaiya Katoa, J'maine Hopgood and Sean O'Sullivan have also left Penrith, meaning they can ill-afford to lose a star.
The halfback had an interrupted season last year, missing the opening rounds after a shoulder reconstruction, before missing the final month of the regular season through suspension.
As dominant as they come, Cleary will again pin the club on his shoulders in 2023.
Player under pressure - Mitch Kenny
The premiership-winner has his own devoted fan club already, however the pressure is on Mitch Kenny to retain the starting spot as Soni Luke breathes down his neck.
The No. 9 made 50 tackles against St Helens, missing five, and recording just 50 metres throughout the match. It's not a completely low figure in terms of metres, but Kenny doesn't have Koroisau's quick feet when it comes to splitting markers and taking off.
He'll need a big start to the season, and to play a key role in their offence, to remove Luke's pressure building on him.
Breakout star - Sunia Turuva
The 20-year-old lit it up for Fiji midway through last season against Papua New Guinea, announcing himself to the rugby league world with a stellar display before going onto his NRL debut with Penrith.
The ball is in Turuva's court now as the Panther looks to not just lock down a spot for this year, but permanently in the club's backline.
2023 Draw impact
Penrith will play all four Queensland clubs at their respective home venues, as well as the Warriors at Suncorp Stadium in Magic Round, and a match in Melbourne.
They receive an early bye in Round 3, and will only play one game without their Origin brigade, against the also-depleted Cowboys in Townsville.
Fixtures to watch:
Round 2 vs South Sydney Rabbitohs, BlueBet Stadium, 8:00pm AEDT, Thursday March 9
The Rabbitohs really tested Penrith in the preliminary final last year, and with no Api Koroisau to be injected into the match, the Bunnies will be hunting their second win against the Panthers since the beginning of 2020.
There's been a budding rivalry formed between the two sides with Penrith eliminating Souths three years in a row from the finals, and leading into a bye for Penrith, should be an early-season belter.
Round 21 vs Canterbury Bulldogs, BlueBet Stadium, 2:00pm AEST, Sunday July 23
Another growing rivalry, the Belmore-based club have jokingly been labeled the 'Canterbury Panthers' after snaring Stephen Crichton to join Viliame Kikau and Matt Burton at the club, alongside Cameron Ciraldo and Gus Gould.
Both sides should be back to near full-strength following the Origin period, and in their first meeting since Crichton signed on the dotted line. Not to mention it'll pit Kikau against Liam Martin, expect fireworks.
Round 27 vs North Queensland Cowboys, BlueBet Stadium, 5:30pm AEST, Saturday September 2
This could well be the battle for the minor premiership as Penrith host the Cowboys in the final round of the regular season.
The two met twice last year, a 22-0 win to Penrith at home, before the Cowboys beat them in the final round - minus almost their entire first-grade side.
Both teams are tipped to go far in 2023, and this could be a litmus test for both sides a week out from the finals.
Penrith are classed as one of the greatest modern day NRL sides for good reason. After going back-to-back, and making a grand final the year prior, they are poised for an absolute dynasty.
The club continues to lose talent to rivals, a sign the salary cap is working, but their junior development is on another level. They have talented youngsters bursting through the seams, and while Taylan May has done his ACL, there's at least four gun youngsters waiting in line.
The real test is how the halves handle the loss of Api Koroisau, and the pressure he took off them. Viliame Kikau is a two-time Dally M Second-Rower of the Year, but despite the monumental losses, expect another big dance appearance in 2023.
The fact that the Panthers are short-priced favourites to win a third straight title says everything. This was once seen as impossible, now it's seen as likely to happen.
From 1 to 17, this Penrith side is stacked. They've lost arguably the best wide running second rower in the game and a top three hooker yet still look near unbeatable.
2023 is surely the year that Nathan Cleary finally takes out the Dally M medal. On the back of yet another Cleary masterclass, it's hard to see how this side could possibly fail.