Ferrari NV (MEX:RACEN) Cyclically Adjusted FCF per Share: MXN85.11 (As of Mar. 2026)


MEX:RACEN Ferrari NV MEX:RACEN
89 GF Score
Price MXN6,589.00
GF Value MXN8,741.78
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ferrari NV Cyclically Adjusted FCF per Share?

Ferrari NV MEX:RACEN -0.02% 89 Cyclically Adjusted FCF per Share is MXN85.11 as of Mar. 2026. GuruFocus rates MEX:RACEN with a GF Score™ of 89/100 and a GF Value™ of MXN8,741.78 (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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Ferrari NV's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN71.778. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN85.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ferrari NV's average Cyclically Adjusted FCF Growth Rate was 16.40% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-07-11), Ferrari NV's current stock price is MXN6589.00. Ferrari NV's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN85.11. Ferrari NV's Cyclically Adjusted Price-to-FCF of today is 77.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ferrari NV was 160.29. The lowest was 67.82. And the median was 120.57.


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

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Ferrari NV's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6589.00/85.11
=77.42

* 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 Price-to-FCF of Ferrari NV was 160.29. The lowest was 67.82. And the median was 120.57.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Ferrari NV Cyclically Adjusted FCF per Share Related Terms


Ferrari NV Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Ferrari NV's Cyclically Adjusted FCF 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 FCF per Share Chart

Ferrari NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 49.84 65.15 79.41

Ferrari NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 79.38 76.67 79.24 79.41 85.11

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

For the Auto Manufacturers subindustry, Ferrari NV's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF vs Vehicles & Parts Industry

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

* The bar in red indicates where Ferrari NV's Cyclically Adjusted Price-to-FCF falls into.


MEX:RACEN
89GF Score
Ferrari NV MEX:RACEN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrari NV Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=71.778/124.5600*124.5600
=71.778

Current CPI (Mar. 2026) = 124.5600.

Ferrari NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 12.338 99.900 15.384
201609 20.100 100.100 25.012
201612 38.175 100.300 47.409
201703 7.253 101.000 8.945
201706 5.440 101.100 6.702
201709 15.807 101.200 19.456
201712 1.659 101.200 2.042
201803 10.474 101.800 12.816
201806 5.261 102.400 6.400
201809 9.633 102.600 11.695
201812 9.452 102.300 11.509
201903 28.988 102.800 35.124
201906 13.094 103.100 15.819
201909 15.449 102.900 18.701
201912 11.773 102.800 14.265
202003 12.436 102.900 15.054
202006 -27.987 102.900 -33.878
202009 10.217 102.300 12.440
202012 21.805 102.600 26.472
202103 16.243 103.700 19.510
202106 10.661 104.200 12.744
202109 28.196 104.900 33.480
202112 15.666 106.600 18.305
202203 33.662 110.400 37.980
202206 -1.206 112.500 -1.335
202209 22.327 114.200 24.352
202212 13.800 119.000 14.445
202303 25.814 118.800 27.066
202306 9.816 119.700 10.215
202309 30.382 120.300 31.458
202312 21.668 119.700 22.548
202403 30.989 120.200 32.113
202406 5.180 120.700 5.346
202409 44.002 121.200 45.222
202412 26.527 121.200 27.262
202503 77.040 122.500 78.336
202506 18.977 122.700 19.265
202509 43.201 123.100 43.713
202512 31.950 122.600 32.461
202603 71.778 124.560 71.778

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of MXN85.11 mean?
Ferrari NV (MEX:RACEN) has a Cyclically Adjusted FCF per Share of MXN85.11 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Ferrari NV and its competitors.
Is Ferrari NV's Cyclically Adjusted FCF per Share too high?
Ferrari NV's current Cyclically Adjusted FCF per Share is MXN85.11. Overall, Ferrari NV has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Cyclically Adjusted FCF per Share compare to TSLA and GM?
Ferrari NV's Cyclically Adjusted FCF per Share of MXN85.11 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 FCF per Share for a Vehicles & Parts company?
A good Cyclically Adjusted FCF per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Ferrari NV and its competitors. Ferrari NV's current Cyclically Adjusted FCF per Share is MXN85.11. 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 MXN8,741.78, compared to a current price of MXN6,589.00 — trading 24.6% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN85.11. Ferrari NV's overall GF Score™ is 89/100 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 FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Ferrari NV (MEX:RACEN), the current Cyclically Adjusted FCF per Share is MXN85.11 as of Mar. 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 MXN6,589.00 is trading 24.6% below its estimated GF Value™ of MXN8,741.78. GuruFocus considers Ferrari NV to be Modestly Undervalued.

Key valuation signals for MEX:RACEN:

  • Cyclically Adjusted FCF per Share: MXN85.11
  • GF Value™: MXN8,741.78 vs. price of MXN6,589.00 (24.6% below fair value)
  • GF Score™: 89/100 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%.
89GF Score

Get the complete analysis for MEX:RACEN

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

MXN6,589.00
Price
MXN8,741.78
GF Value