# Ferrari N.V. (RACE) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Automobiles. Price $409.95, market value $72.1 billion.

## Valuation
- **P/E (trailing): 38.2×** (5-yr avg 46.8×, 3-yr avg 45.9×). Ferrari N.V. trades at 38.2× trailing earnings, close to its own five-year average of 46.8×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 32.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 5.44**. A PEG of 5.44 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 8.4×**. Each dollar of revenue is priced at 8.4×.
- **Price / book: 17.0×**. The shares trade at 17.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 22.3×**. Enterprise value is 22.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.3%** (5-yr avg 2.4%). Free cash flow equals 2.3% of the market value, in line with its five-year average of 2.4%.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 51.6%**. Ferrari N.V. keeps 51.6% of revenue after the direct cost of what it sells.
- **Operating margin: 29.4%**. 29.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 22.4%**. 22.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 40.9%**. 40.9% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 31.2%**. Return on all capital, debt included, is 31.2%: comfortably above what that capital costs.
- **Return on assets: 17.0%**. Each dollar of assets produces 17.0% of profit.

## Growth
- **Revenue growth (1 yr): 7.0%** (3-yr 11.9%/yr, 5-yr 15.6%/yr). Revenue grew 7.0% over the last year, against 15.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 5.9%** (3-yr 20.7%/yr, 5-yr 22.3%/yr). Earnings per share rose 5.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 20.9%/yr**. Free cash flow has compounded at 20.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.74**. Debt is 0.74 times equity, moderate leverage.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 63.9×**. Operating profit covers interest 63.9× over, a safe margin.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.03%** ($4.23 per share, trailing). Ferrari N.V. yields 1.03%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 33%**. 33% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 22.8%/yr** (1-yr 32.0%). The dividend has compounded at 22.8% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 2.3%**. Dividends plus net buybacks return 2.3% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (14 analysts). 14 analysts cover Ferrari N.V.; the consensus is strong_buy, with an average price target of $462.66 (+13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -16.3%** (YTD 12.2%, 3-mo 18.1%). The shares are down 16.3% over twelve months including dividends.
- **From 52-week high: -18.7%** (31.2% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.92** (volatility 35%). Beta of 0.92 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=RACE · Page: https://foliofundamentals.com/stocks/race

Not investment advice.