Ferrari NVRACE +2.75%94 Cyclically Adjusted PB Ratio is 27.60 as of Jul. 05, 2026, which is 27% below its 10-year median of 37.98. GuruFocus rates RACE with a GF Score™ of 94/100 and a GF Value™ of $502.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,037 Vehicles & Parts companies, Ferrari NV ranks worse than 99.13% on this metric.
The historical rank and industry rank for Ferrari NV's Cyclically Adjusted PB Ratio or its related term are showing as below:
RACE'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 23.46 Med: 37.98 Max: 46.31
Current: 27.8
During the past years, Ferrari NV's highest Cyclically Adjusted PB Ratio was 46.31. The lowest was 23.46. And the median was 37.98.
RACE's Cyclically Adjusted PB Ratio is ranked worse than 99.13% of 1037
companies
in the Vehicles & Parts industry
Industry Median: 1.29
vs RACE: 27.80
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 adjusted book value per share data for the three months ended in Mar. 2026 was $26.514. 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 $13.95 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ferrari NV (NYSE:RACE) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Ferrari NV Cyclically Adjusted PB Ratio Related Terms
Ferrari NV Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ferrari NV's Cyclically Adjusted PB Ratio 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.
RACE vs TSLA, GM, F: Cyclically Adjusted PB Ratio 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.
Ferrari NV Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Ferrari NV's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 27.60 mean?
Ferrari NV (RACE) has a Cyclically Adjusted PB Ratio of 27.60 as of Jul. 05, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ferrari NV and its competitors. This is 27% below median its historical median of 37.98. Over the past decade, Ferrari NV's Cyclically Adjusted PB Ratio has ranged from 23.46 to 46.31. According to the industry distribution chart, Ferrari NV ranks #1028 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 99.1%.
Is Ferrari NV's Cyclically Adjusted PB Ratio too high?
Ferrari NV's current Cyclically Adjusted PB Ratio of 27.60 is 27% below median its 10-year median of 37.98. Over the past 10 years, this metric has ranged from a low of 23.46 to a high of 46.31. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.29. Ferrari NV's value of 27.60 is 2039.5% above this industry median. Based on the distribution chart, Ferrari NV ranks #1028 out of 1037 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ferrari NV has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #1028 out of 1037 companies for Cyclically Adjusted PB Ratio. This places Ferrari NV in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Ferrari NV's value of 27.60 is 2039.5% above this benchmark. Historically, Ferrari NV's own Cyclically Adjusted PB Ratio has ranged from 23.46 to 46.31 over the past decade. While the company's 10-year median is 37.98 vs. the industry median of 1.29, Ferrari NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.29, based on 1,037 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current Cyclically Adjusted PB Ratio of 27.60 is 2039.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Cyclically Adjusted PB Ratio is 27.60, which is 27% below median its own 10-year median of 37.98. 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 (RACE) is currently considered Modestly Undervalued. The stock's GF Value™ is $502.38, compared to a current price of $384.97 — trading 23.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 27.60, which is 27% below median its 10-year median of 37.98 and 2039.5% above the Vehicles & Parts industry median of 1.29. Ferrari NV's overall GF Score™ is 94/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ferrari NV (RACE), the current Cyclically Adjusted PB Ratio is 27.60 as of Jul. 05, 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 (RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued.
The current stock price of $384.97 is trading 23.4% below its estimated GF Value™ of $502.38.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
Cyclically Adjusted PB Ratio: 27.60 (27% below median its 10-year median of 37.98)
GF Value™: $502.38 vs. price of $384.97 (23.4% below fair value)
Industry Position: 2039.5% above the Vehicles & Parts median (#1028 of 1037)
No single metric tells the full story. See the RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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%.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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