Ferrari NV (CHIX:RACEM) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

CHIX:RACEM Ferrari NV CHIX:RACEM
97 GF Score
Price €355.35
GF Value €442.17
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ferrari NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrari NV  (CHIX:RACEm) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Ferrari NV Cyclically Adjusted PS Ratio Related Terms


Ferrari NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ferrari NV's Cyclically Adjusted PS 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.

Ferrari NV Cyclically Adjusted PS Ratio Chart

Ferrari NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.91 9.59 13.80 16.37 11.55

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 PS Ratio 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 15.59 14.94 11.48 10.07 10.84

CHIX:RACEM vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

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

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

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


CHIX:RACEM
97GF Score
Ferrari NV CHIX:RACEM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrari NV Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Ferrari NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ferrari NV's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10.983/126.4000*126.4000
=10.983

Current CPI (Jun. 2026) = 126.4000.

Ferrari NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.147 100.100 5.237
201612 4.423 100.300 5.574
201703 4.324 101.000 5.411
201706 4.851 101.100 6.065
201709 4.405 101.200 5.502
201712 4.396 101.200 5.491
201803 4.382 101.800 5.441
201806 4.780 102.400 5.900
201809 4.425 102.600 5.451
201812 4.472 102.300 5.526
201903 4.988 102.800 6.133
201906 5.226 103.100 6.407
201909 4.887 102.900 6.003
201912 4.980 102.800 6.123
202003 5.023 102.900 6.170
202006 3.080 102.900 3.783
202009 4.791 102.300 5.920
202012 5.767 102.600 7.105
202103 5.464 103.700 6.660
202106 5.591 104.200 6.782
202109 5.705 104.900 6.874
202112 6.360 106.600 7.541
202203 6.453 110.400 7.388
202206 7.048 112.500 7.919
202209 6.832 114.200 7.562
202212 7.505 119.000 7.972
202303 7.851 118.800 8.353
202306 8.108 119.700 8.562
202309 8.516 120.300 8.948
202312 8.420 119.700 8.891
202403 8.778 120.200 9.231
202406 9.501 120.700 9.950
202409 9.144 121.200 9.536
202412 9.675 121.200 10.090
202503 10.010 122.500 10.329
202506 10.018 122.700 10.320
202509 9.903 123.100 10.168
202512 10.142 122.600 10.456
202603 10.422 124.560 10.576
202606 10.983 126.400 10.983

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Ferrari NV (CHIX:RACEM) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued. The current stock price of €355.35 is trading 19.6% below its estimated GF Value™ of €442.17. GuruFocus considers Ferrari NV to be Modestly Undervalued.

Key valuation signals for CHIX:RACEM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €442.17 vs. price of €355.35 (19.6% below fair value)
  • GF Score™: 97/100 with 2 warning signs

No single metric tells the full story. See the CHIX:RACEM 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%.
97GF Score

Get the complete analysis for CHIX:RACEM

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

€355.35
Price
€442.17
GF Value