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Ferrari NV (MEX:RACEN) Cyclically Adjusted Book per Share : MXN238.15 (As of Mar. 2025)


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What is Ferrari NV Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Ferrari NV's adjusted book value per share for the three months ended in Mar. 2025 was MXN443.031. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN238.15 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ferrari NV's average Cyclically Adjusted Book Growth Rate was 8.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2025-06-25), Ferrari NV's current stock price is MXN8961.00. Ferrari NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN238.15. Ferrari NV's Cyclically Adjusted PB Ratio of today is 37.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferrari NV was 46.31. The lowest was 29.62. And the median was 39.43.


Ferrari NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ferrari NV's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ferrari NV Cyclically Adjusted Book per Share Chart

Ferrari NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 179.80 215.32

Ferrari NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 176.39 200.13 230.13 215.32 238.15

Competitive Comparison of Ferrari NV's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Ferrari NV's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ferrari NV's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ferrari NV's Cyclically Adjusted PB Ratio falls into.


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Ferrari NV Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ferrari NV's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=443.031/122.5000*122.5000
=443.031

Current CPI (Mar. 2025) = 122.5000.

Ferrari NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 241.122 100.279 294.552
201509 271.217 100.000 332.241
201512 -1.957 99.814 -2.402
201603 6.947 99.600 8.544
201606 8.988 99.900 11.021
201609 20.250 100.100 24.781
201612 28.800 100.300 35.174
201703 50.695 101.000 61.487
201706 54.834 101.100 66.441
201709 73.935 101.200 89.496
201712 95.780 101.200 115.939
201803 106.182 101.800 127.773
201806 112.451 102.400 134.524
201809 141.852 102.600 169.365
201812 160.321 102.300 191.978
201903 172.079 102.800 205.055
201906 159.857 103.100 189.937
201909 162.231 102.900 193.132
201912 167.534 102.800 199.639
202003 214.529 102.900 255.392
202006 188.609 102.900 224.535
202009 213.704 102.300 255.902
202012 233.835 102.600 279.189
202103 255.730 103.700 302.092
202106 248.276 104.200 291.879
202109 270.042 104.900 315.349
202112 278.128 106.600 319.612
202203 279.024 110.400 309.605
202206 262.614 112.500 285.957
202209 262.263 114.200 281.324
202212 294.302 119.000 302.958
202303 297.657 118.800 306.927
202306 279.178 119.700 285.708
202309 291.637 120.300 296.970
202312 314.043 119.700 321.389
202403 327.964 120.200 334.240
202406 340.066 120.700 345.137
202409 406.492 121.200 410.852
202412 431.044 121.200 435.667
202503 443.031 122.500 443.031

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Ferrari NV  (MEX:RACEN) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ferrari NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8961.00/238.15
=37.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferrari NV was 46.31. The lowest was 29.62. And the median was 39.43.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ferrari NV Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Ferrari NV's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ferrari NV Business Description

Industry
Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2024, the company sold 13,752 vehicles at an average price over EUR 480,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2024, the Europe, Middle East, and Africa region accounted for 47% of revenue, the Americas was 33%, mainland China, Hong Kong, and Taiwan was 8%, and the rest of Asia was 12%.

Ferrari NV Headlines

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