Ferrari N.V. (RACE) Financial Ratios
13 years of historical data (2013–2025) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
↓
23.85
↓-15% vs avg
5yr avg: 28.16
30Y Low14.9·High38.2
P/FCF
↓
20.96
↓-68% vs avg
5yr avg: 66.39
30Y Low16.6·High87.6
P/B Ratio
↓
14.38
↓-24% vs avg
5yr avg: 19.02
30Y Low13.9·High33.3
ROE
↑
42.8%
↓+2% vs avg
5yr avg: 41.9%
30Y Low10%·High257%
Debt/EBITDA
↓
1.20
↓-13% vs avg
5yr avg: 1.38
30Y Low0.5·High3.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RACE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ferrari N.V. trades at 35.2x earnings, 27% below its 5-year average of 48.0x, sitting at the 27th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 67%. On a free-cash-flow basis, the stock trades at 21.0x P/FCF, 68% below the 5-year average of 66.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $63.9B | $65.9B | $76.5B | $61.4B | $39.2B | $47.8B | $42.5B | $31.0B | $18.8B | $19.9B | $11.0B |
| Enterprise Value | $65.5B | $67.3B | $78.1B | $62.8B | $40.6B | $49.1B | $44.2B | $32.4B | $20.0B | $21.1B | $12.4B |
| P/E Ratio → | 35.22 | 41.25 | 50.22 | 49.05 | 42.09 | 57.52 | 69.98 | 44.62 | 24.02 | 37.18 | 27.55 |
| P/S Ratio | 7.80 | 9.22 | 11.45 | 10.29 | 7.70 | 11.19 | 12.30 | 8.24 | 5.51 | 5.82 | 3.54 |
| P/B Ratio | 14.38 | 16.83 | 21.58 | 20.01 | 15.07 | 21.62 | 19.44 | 18.60 | 13.91 | 25.38 | 33.31 |
| P/FCF | 20.96 | 24.80 | 81.57 | 72.46 | 65.50 | 87.63 | 329.28 | 32.54 | 63.69 | 73.31 | 16.56 |
| P/OCF | 13.33 | 15.77 | 39.69 | 35.78 | 27.95 | 37.27 | 50.76 | 23.77 | 20.16 | 30.02 | 10.93 |
P/E links to full P/E history page with 30-year chart
RACE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ferrari N.V.'s enterprise value stands at 23.8x EBITDA, 15% below its 5-year average of 28.2x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 96% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.42 | 11.69 | 10.52 | 7.98 | 11.50 | 12.78 | 8.60 | 5.84 | 6.16 | 3.99 |
| EV / EBITDA | 23.85 | 28.10 | 30.51 | 27.39 | 22.72 | 32.09 | 38.23 | 25.48 | 17.89 | 22.53 | 16.74 |
| EV / EBIT | 27.07 | 31.98 | 40.51 | 38.46 | 33.15 | 45.72 | 62.05 | 35.21 | 24.17 | 27.01 | 20.73 |
| EV / FCF | — | 25.33 | 83.28 | 74.06 | 67.88 | 89.99 | 342.18 | 33.95 | 67.52 | 77.57 | 18.66 |
RACE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ferrari N.V. earns an operating margin of 29.5%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 27.3% to 29.5% over the past 3 years, signaling improving operational efficiency. Return on equity of 42.8% is exceptionally high — well above the sector median of 5.3%. ROIC of 30.2% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.7% | 51.7% | 50.1% | 49.8% | 48.0% | 51.3% | 51.3% | 52.1% | 52.6% | 51.7% | 49.1% |
| Operating Margin | 29.5% | 29.5% | 28.3% | 27.3% | 24.4% | 25.2% | 21.1% | 24.4% | 24.2% | 22.7% | 19.2% |
| Net Profit Margin | 22.3% | 22.3% | 22.8% | 21.0% | 18.3% | 19.5% | 17.6% | 18.5% | 22.9% | 15.7% | 12.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 42.8% | 42.8% | 46.0% | 44.1% | 38.7% | 37.8% | 31.5% | 46.0% | 73.4% | 96.1% | 256.9% |
| ROA | 16.7% | 16.7% | 17.3% | 15.8% | 12.7% | 11.4% | 8.8% | 12.7% | 17.5% | 13.4% | 10.3% |
| ROIC | 30.2% | 30.2% | 29.6% | 28.9% | 24.8% | 21.9% | 16.0% | 25.1% | 28.0% | 31.7% | 23.6% |
| ROCE | 27.7% | 27.7% | 26.0% | 25.2% | 20.9% | 19.4% | 14.3% | 20.9% | 21.9% | 23.6% | 22.1% |
RACE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ferrari N.V. carries a Debt/EBITDA ratio of 1.2x, which is manageable (75% below the sector average of 4.8x). Net debt stands at $1.4B ($2.9B total debt minus $1.5B cash). Interest coverage of 51.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.95 | 0.81 | 1.08 | 1.19 | 1.52 | 1.41 | 1.42 | 2.30 | 5.60 |
| Debt / EBITDA | 1.20 | 1.20 | 1.31 | 1.08 | 1.57 | 1.72 | 2.88 | 1.85 | 1.73 | 1.93 | 2.50 |
| Net Debt / Equity | — | 0.36 | 0.45 | 0.44 | 0.55 | 0.58 | 0.76 | 0.80 | 0.84 | 1.48 | 4.22 |
| Net Debt / EBITDA | 0.59 | 0.59 | 0.63 | 0.59 | 0.80 | 0.84 | 1.44 | 1.05 | 1.02 | 1.24 | 1.88 |
| Debt / FCF | — | 0.53 | 1.72 | 1.60 | 2.38 | 2.36 | 12.90 | 1.40 | 3.83 | 4.27 | 2.10 |
| Interest Coverage | 51.14 | 51.14 | 41.18 | 45.19 | 22.62 | 27.96 | 14.19 | 19.21 | 32.16 | 21.83 | 19.62 |
RACE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ferrari N.V.'s current ratio of 2.02x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.55x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.68x to 2.02x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.02 | 2.02 | 3.37 | 2.68 | 2.80 | 2.54 | 1.32 | 1.53 | 3.34 | 2.92 | 2.63 |
| Quick Ratio | 1.55 | 1.55 | 2.64 | 2.04 | 2.32 | 2.13 | 1.05 | 1.20 | 2.81 | 2.36 | 2.18 |
| Cash Ratio | 0.62 | 0.62 | 1.17 | 0.76 | 0.99 | 1.02 | 0.80 | 0.71 | 1.07 | 0.91 | 0.65 |
| Asset Turnover | — | 0.74 | 0.70 | 0.74 | 0.66 | 0.62 | 0.45 | 0.62 | 0.70 | 0.83 | 0.81 |
| Inventory Turnover | 3.10 | 3.10 | 3.06 | 3.16 | 3.93 | 3.85 | 2.99 | 3.83 | 4.15 | 4.19 | 4.88 |
| Days Sales Outstanding | — | 102.43 | 113.90 | 109.42 | 123.81 | 120.04 | 44.07 | 57.07 | 23.25 | 25.95 | 29.67 |
RACE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ferrari N.V. returns 4.3% to shareholders annually — split between a 1.9% dividend yield and 2.4% buyback yield. A payout ratio of 66.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 1.6% | 0.6% | 0.5% | 0.6% | 0.3% | 0.5% | 0.6% | 0.7% | 0.6% | 0.8% |
| Payout Ratio | 66.3% | 66.3% | 28.9% | 26.2% | 26.8% | 19.3% | 34.2% | 27.7% | 17.0% | 22.4% | 21.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.4% | 2.0% | 2.0% | 2.4% | 1.7% | 1.4% | 2.2% | 4.2% | 2.7% | 3.6% |
| FCF Yield | 4.8% | 4.0% | 1.2% | 1.4% | 1.5% | 1.1% | 0.3% | 3.1% | 1.6% | 1.4% | 6.0% |
| Buyback Yield | 2.4% | 2.0% | 0.8% | 0.7% | 1.0% | 0.5% | 0.3% | 1.2% | 0.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 3.6% | 1.3% | 1.3% | 1.6% | 0.8% | 0.8% | 1.9% | 1.2% | 0.6% | 0.8% |
| Shares Outstanding | — | $178M | $180M | $182M | $183M | $185M | $185M | $188M | $189M | $190M | $189M |
Peer Comparison
Compare RACE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RACEYou | $64B | 35.2 | 23.8 | 21.0 | 51.7% | 29.5% | 42.8% | 30.2% | 1.2 |
 TM | $227B | 9.0 | 10.3 | 61.8 | 16.7% | 7.4% | 10.5% | 4.3% | 6.6 |
 HMC | $34B | -12.6 | 14.8 | 9.9 | 16.5% | -1.9% | -3.6% | -2.0% | 14.4 |
 TSLA | $1.5T | 370.8 | 142.3 | 241.6 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 GM | $71B | 24.2 | 10.3 | 6.5 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 |
 F | $55B | -6.8 | 23.4 | 4.4 | 12.2% | 1.4% | -20.2% | 1.0% | 19.7 |
 STLA | $18B | -0.6 | — | — | -2.7% | -14.5% | -38.6% | -25.3% | — |
 ALV | $9B | 12.4 | 7.1 | 12.4 | 19.2% | 10.1% | 30.3% | 19.4% | 1.6 |
 BWA | $15B | 56.1 | 8.2 | 12.6 | 18.7% | 9.2% | 4.9% | 12.9% | 2.0 |
 MHK | $7B | 18.9 | 7.6 | 11.2 | 23.9% | 4.7% | 4.6% | 3.9% | 2.4 |
 GT | $2B | -1.0 | 4.8 | — | 18.4% | 3.6% | -41.4% | 4.3% | 4.3 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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RACE — Frequently Asked Questions
Quick answers to the most common questions about buying RACE stock.
What is Ferrari N.V.'s P/E ratio?
Ferrari N.V.'s current P/E ratio is 35.2x. The historical average is 43.2x. This places it at the 27th percentile of its historical range.
What is Ferrari N.V.'s EV/EBITDA?
Ferrari N.V.'s current EV/EBITDA is 23.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.1x.
What is Ferrari N.V.'s ROE?
Ferrari N.V.'s return on equity (ROE) is 42.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 58.3%.
Is RACE stock overvalued?
Based on historical data, Ferrari N.V. is trading at a P/E of 35.2x. This is at the 27th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ferrari N.V.'s dividend yield?
Ferrari N.V.'s current dividend yield is 1.88% with a payout ratio of 66.3%.
What are Ferrari N.V.'s profit margins?
Ferrari N.V. has 51.7% gross margin and 29.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ferrari N.V. have?
Ferrari N.V.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.