Ferrari NVRACE +2.75%94 Graham Number is $50.02 as of Mar. 2026, which is 284% above its 10-year median of 13.01. 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 983 Vehicles & Parts companies, Ferrari NV ranks worse than 97.56% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-05), the stock price of Ferrari NV is $384.97. Ferrari NV's graham number for the quarter that ended in Mar. 2026 was $50.02. Therefore, Ferrari NV's Price to Graham Number ratio for today is 7.70.
The historical rank and industry rank for Ferrari NV's Graham Number or its related term are showing as below:
RACE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 6.7 Med: 13.01 Max: 70.13
Current: 7.68
During the past 13 years, the highest Price to Graham Number ratio of Ferrari NV was 70.13. The lowest was 6.70. And the median was 13.01.
RACE's Price-to-Graham-Number is ranked worse than 97.56% of 983
companies
in the Vehicles & Parts industry
Industry Median: 1.19
vs RACE: 7.68
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Ferrari NV (NYSE:RACE) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Ferrari NV's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
384.97
/
50.02
=
7.70
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Ferrari NV Graham Number Related Terms
Ferrari NV Graham Number Historical Data
* Premium members only.
The historical data trend for Ferrari NV's Graham Number 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.
For the Auto Manufacturers subindustry, Ferrari NV's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ferrari NV's Price-to-Graham-Number falls into.
* 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 (RACE) has a Graham Number of $50.02 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ferrari NV and its competitors. This is 284% above median its historical median of 13.01. Over the past decade, Ferrari NV's Graham Number has ranged from 6.70 to 70.13. According to the industry distribution chart, Ferrari NV ranks #959 out of 983 companies in the Vehicles & Parts industry, placing it in the top 97.6%.
Is Ferrari NV's Graham Number too high?
Ferrari NV's current Graham Number of $50.02 is 284% above median its 10-year median of 13.01. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 70.13. The Vehicles & Parts industry median Graham Number is 1.19. Ferrari NV's value of $50.02 is 4103.4% above this industry median. Based on the distribution chart, Ferrari NV ranks #959 out of 983 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 Graham Number compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #959 out of 983 companies for Graham Number. This places Ferrari NV in the lower half of its industry. The industry median Graham Number is 1.19. Ferrari NV's value of $50.02 is 4103.4% above this benchmark. Historically, Ferrari NV's own Graham Number has ranged from 6.70 to 70.13 over the past decade. While the company's 10-year median is 13.01 vs. the industry median of 1.19, 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 Graham Number for a Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.19, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current Graham Number of $50.02 is 4103.4% 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Graham Number is $50.02, which is 284% above median its own 10-year median of 13.01. 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 Graham Number is $50.02, which is 284% above median its 10-year median of 13.01 and 4103.4% above the Vehicles & Parts industry median of 1.19. 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 Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Ferrari NV (RACE), the current Graham Number is $50.02 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 (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:
Graham Number: $50.02 (284% above median its 10-year median of 13.01)
GF Value™: $502.38 vs. price of $384.97 (23.4% below fair value)
Industry Position: 4103.4% above the Vehicles & Parts median (#959 of 983)
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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