Stocktoria

Ferrari N.V. RACE.MI

IT · Borsa Italiana · XMIL · stock · Consumer Cyclical · website

Ferrari N.V. statistics & valuation

Market cap€62.4B
P / E39.1×
P / S8.7×
P / B16.0×
P / FCF44.4×
Net margin22.3%
FCF margin19.7%
Net debt€1.4B
Enterprise value USD$73.7B
Earnings yield EBIT/EV3.3%
Return on capital29%
Graham number -81.2%€66.94

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€66.94); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.30% 21.00% 22.80% 22.30% 2022202320242025
Gross margin (%)
48.00% 49.80% 50.10% 51.70% 2022202320242025
Operating margin (%)
24.00% 27.00% 28.20% 29.30% 2022202320242025
Return on equity (%)
36.00% 40.90% 43.10% 40.90% 2022202320242025
Shares outstanding
175.8M 175.8M 175.8M 175.8M 2022202320242025
Net debt (€)
€1.42B €1.36B €1.61B €1.42B 2022202320242025
Share buybacks (€)
€396.5M €460.6M €581.1M €785.3M 2022202320242025
Return on assets (%)
12.00% 15.60% 16.00% 16.60% 2022202320242025
Free cash flow margin (%)
11.80% 14.20% 14.00% 19.70% 2022202320242025
Debt / equity (×)
1.08× 0.81× 0.95× 0.74× 2022202320242025
EPS (€)
€5.09 €6.90 €8.46 €8.96 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Ferrari N.V. trades at about 39.6× earnings — below its 10-year norm (10-year range 31.3×–49.2×, median 46.9×).

31.3× 49.2×

Shaded band = 10-year range (31.3×–49.2×); dot = today's 39.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin51.7%50.1%49.8%48.0%
Operating margin29.3%28.2%27.0%24.0%
Net margin22.3%22.8%21.0%18.3%
FCF margin19.7%14.0%14.2%11.8%
Return on assets16.6%16.0%15.6%12.0%
Return on equity40.9%43.1%40.9%36.0%
Debt / equity0.46×0.54×0.79×0.69×
Current ratio2.021.782.681.65

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.