Ferrari NV (FRA:2FE) E10: €5.69 (As of Mar. 2026)


FRA:2FE Ferrari NV FRA:2FE
91 GF Score
Price €306.45
GF Value €430.16
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ferrari NV E10?

Ferrari NV FRA:2FE +1.31% 91 E10 is €5.69 as of Mar. 2026. GuruFocus rates FRA:2FE with a GF Score™ of 91/100 and a GF Value™ of €430.16 (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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ferrari NV's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ferrari NV's average E10 Growth Rate was 14.60% 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 E10 growth rate using E10 data.

As of today (2026-06-25), Ferrari NV's current stock price is €306.45. Ferrari NV's E10 for the quarter that ended in Mar. 2026 was €5.69. Ferrari NV's Shiller PE Ratio of today is 53.86.

During the past 13 years, the highest Shiller PE Ratio of Ferrari NV was 103.04. The lowest was 49.45. And the median was 84.08.


Ferrari NV  (FRA:2FE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ferrari NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=306.45/5.69
=53.86

* 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 Shiller P/E Ratio of Ferrari NV was 103.04. The lowest was 49.45. And the median was 84.08.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Ferrari NV E10 Related Terms


Ferrari NV E10 Historical Data

* Premium members only.

The historical data trend for Ferrari NV's E10 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 E10 Chart

Ferrari NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 4.00 4.71 5.48

Ferrari NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 4.92 5.17 5.29 5.48 5.69

FRA:2FE vs TSLA, GM, F: E10 Comparison

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

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

* The bar in red indicates where Ferrari NV's Shiller PE Ratio falls into.


FRA:2FE
91GF Score
Ferrari NV FRA:2FE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ferrari NV E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.33/122.6000*122.6000
=2.330

Current CPI (Mar. 2026) = 122.6000.

Ferrari NV Quarterly Data

per share eps CPI Adj_EPS
201606 0.520 99.900 0.638
201609 0.590 100.100 0.723
201612 0.590 100.300 0.721
201703 0.650 101.000 0.789
201706 0.720 101.100 0.873
201709 0.740 101.200 0.896
201712 0.710 101.200 0.860
201803 0.780 101.800 0.939
201806 0.850 102.400 1.018
201809 1.510 102.600 1.804
201812 1.000 102.300 1.198
201903 0.950 102.800 1.133
201906 0.960 103.100 1.142
201909 0.900 102.900 1.072
201912 0.900 102.800 1.073
202003 0.900 102.900 1.072
202006 0.040 102.900 0.048
202009 0.920 102.300 1.103
202012 1.420 102.600 1.697
202103 1.110 103.700 1.312
202106 1.110 104.200 1.306
202109 1.110 104.900 1.297
202112 1.160 106.600 1.334
202203 1.290 110.400 1.433
202206 1.360 112.500 1.482
202209 1.230 114.200 1.320
202212 1.210 119.000 1.247
202303 1.620 118.800 1.672
202306 1.830 119.700 1.874
202309 1.820 120.300 1.855
202312 1.620 119.700 1.659
202403 1.950 120.200 1.989
202406 2.290 120.700 2.326
202409 2.080 121.200 2.104
202412 2.150 121.200 2.175
202503 2.300 122.500 2.302
202506 2.380 122.700 2.378
202509 2.140 123.100 2.131
202512 2.140 122.600 2.140
202603 2.330 122.600 2.330

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €5.69 mean?
Ferrari NV (FRA:2FE) has a E10 of €5.69 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ferrari NV and its competitors.
Is Ferrari NV's E10 too high?
Ferrari NV's current E10 is €5.69. Overall, Ferrari NV has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's E10 compare to TSLA and GM?
Ferrari NV's E10 of €5.69 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 E10 for a Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ferrari NV and its competitors. Ferrari NV's current E10 is €5.69. 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 (FRA:2FE) is currently considered Modestly Undervalued. The stock's GF Value™ is €430.16, compared to a current price of €306.45 — trading 28.8% below its estimated fair value. The current E10 is €5.69. Ferrari NV's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Ferrari NV (FRA:2FE), the current E10 is €5.69 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 (FRA:2FE) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrari NV stock appears to be undervalued. The current stock price of €306.45 is trading 28.8% below its estimated GF Value™ of €430.16. GuruFocus considers Ferrari NV to be Modestly Undervalued.

Key valuation signals for FRA:2FE:

  • E10: €5.69
  • GF Value™: €430.16 vs. price of €306.45 (28.8% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the FRA:2FE 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%.
91GF Score

Get the complete analysis for FRA:2FE

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€306.45
Price
€430.16
GF Value