Ferrari NV (MEX:RACEN) Cyclically Adjusted Book per Share: MXN257.10 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:RACEN Ferrari NV MEX:RACEN
90 GF Score
Price MXN6,900.00
GF Value MXN8,870.79
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ferrari NV Cyclically Adjusted Book per Share?

Ferrari NV MEX:RACEN 90 Cyclically Adjusted Book per Share is MXN257.10 as of Jun. 2026. GuruFocus rates MEX:RACEN with a GF Score™ of 90/100 and a GF Value™ of MXN8,870.79 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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 Jun. 2026 was MXN418.045. 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 MXN257.10 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ferrari NV's average Cyclically Adjusted Book Growth Rate was -100.00% 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 (2026-08-02), Ferrari NV's current stock price is MXN6900.00. Ferrari NV's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN257.10. Ferrari NV's Cyclically Adjusted PB Ratio of today is 26.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferrari NV was 46.31. The lowest was 23.11. And the median was 37.99.


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
=6900.00/257.10
=26.84

* 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 23.11. And the median was 37.99.


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


Ferrari NV Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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.

Ferrari NV Cyclically Adjusted Book per Share Chart

Ferrari NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 179.80 215.32 240.34

Ferrari NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 238.23 235.97 240.34 249.75 257.10

MEX:RACEN vs TSLA, GM, F: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


MEX:RACEN
90GF Score
Ferrari NV MEX:RACEN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=418.045/126.4000*126.4000
=418.045

Current CPI (Jun. 2026) = 126.4000.

Ferrari NV Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.250 100.100 25.570
201612 28.800 100.300 36.294
201703 50.695 101.000 63.444
201706 54.834 101.100 68.556
201709 73.935 101.200 92.346
201712 95.780 101.200 119.630
201803 106.182 101.800 131.841
201806 112.451 102.400 138.807
201809 141.852 102.600 174.757
201812 160.321 102.300 198.090
201903 172.079 102.800 211.584
201906 159.857 103.100 195.984
201909 162.231 102.900 199.281
201912 167.534 102.800 205.995
202003 214.529 102.900 263.523
202006 188.609 102.900 231.683
202009 213.704 102.300 264.049
202012 233.835 102.600 288.077
202103 255.730 103.700 311.709
202106 248.276 104.200 301.172
202109 270.042 104.900 325.389
202112 278.128 106.600 329.788
202203 279.024 110.400 319.462
202206 262.614 112.500 295.061
202209 262.263 114.200 290.281
202212 294.302 119.000 312.603
202303 297.657 118.800 316.699
202306 279.178 119.700 294.805
202309 291.637 120.300 306.425
202312 314.043 119.700 331.621
202403 327.964 120.200 344.881
202406 340.066 120.700 356.125
202409 406.492 121.200 423.932
202412 431.044 121.200 449.538
202503 443.031 122.500 457.136
202506 431.601 122.700 444.616
202509 456.702 123.100 468.945
202512 464.650 122.600 479.052
202603 478.123 124.560 485.186
202606 418.045 126.400 418.045

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

What does a Cyclically Adjusted Book per Share of MXN257.10 mean?
Ferrari NV (MEX:RACEN) has a Cyclically Adjusted Book per Share of MXN257.10 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ferrari NV and its competitors.
Is Ferrari NV's Cyclically Adjusted Book per Share too high?
Ferrari NV's current Cyclically Adjusted Book per Share is MXN257.10. Overall, Ferrari NV has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Cyclically Adjusted Book per Share compare to TSLA and GM?
Ferrari NV's Cyclically Adjusted Book per Share of MXN257.10 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ferrari NV and its competitors. Ferrari NV's current Cyclically Adjusted Book per Share is MXN257.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrari NV stock overvalued right now?
Based on GuruFocus' analysis, Ferrari NV (MEX:RACEN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN8,870.79, compared to a current price of MXN6,900.00 — trading 22.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN257.10. Ferrari NV's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Ferrari NV (MEX:RACEN), the current Cyclically Adjusted Book per Share is MXN257.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ferrari NV (MEX:RACEN) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued. The current stock price of MXN6,900.00 is trading 22.2% below its estimated GF Value™ of MXN8,870.79. GuruFocus considers Ferrari NV to be Modestly Undervalued.

Key valuation signals for MEX:RACEN:

  • Cyclically Adjusted Book per Share: MXN257.10
  • GF Value™: MXN8,870.79 vs. price of MXN6,900.00 (22.2% below fair value)
  • GF Score™: 90/100 with 2 warning signs

No single metric tells the full story. See the MEX:RACEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ferrari NV Business Description

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 2025, the company sold 13,640 vehicles at an average price over EUR 520,000 with more than 80% of its vehicles being sold to existing Ferrari clients. Eighty-four 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 2025, the Europe, Middle East, and Africa region accounted for 49% of revenue, the Americas was 32%, mainland China, Hong Kong, and Taiwan was 7%, and the rest of Asia was 12%.
90GF Score

Get the complete analysis for MEX:RACEN

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN6,900.00
Price
MXN8,870.79
GF Value