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Ferrari GroupFRA:046 -1.02%31 Net-Net Working Capital is €0.85 as of Dec. 2025. GuruFocus rates FRA:046 with a GF Score™ of 31/100. Among 222 Transportation companies, Ferrari Group ranks worse than 61.26% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Ferrari Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.85.
The industry rank for Ferrari Group's Net-Net Working Capital or its related term are showing as below:
FRA:046's Price-to-Net-Net-Working-Capital is ranked worse than 61.26% of 222
companies
in the Transportation industry
Industry Median: 6.43
vs FRA:046: 9.51
Ferrari Group (FRA:046) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Ferrari Group Net-Net Working Capital Related Terms
Ferrari Group Net-Net Working Capital Historical Data
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The historical data trend for Ferrari Group's Net-Net Working Capital 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.
FRA:046 vs UPS, FDX, JBHT: Net-Net Working Capital Comparison
For the Integrated Freight & Logistics subindustry, Ferrari Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Group Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Ferrari Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ferrari Group's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of €0.85 mean?
Ferrari Group (FRA:046) has a Net-Net Working Capital of €0.85 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Ferrari Group According to the industry distribution chart, Ferrari Group ranks #136 out of 222 companies in the Transportation industry, placing it in the top 61.3%.
Is Ferrari Group's Net-Net Working Capital too high?
Ferrari Group's current Net-Net Working Capital is €0.85. Based on the distribution chart, Ferrari Group ranks #136 out of 222 companies in the Transportation industry, which is below the industry midpoint. Overall, Ferrari Group has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Ferrari Group's Net-Net Working Capital compare to UPS and FDX?
According to the Transportation industry distribution chart, Ferrari Group ranks #136 out of 222 companies for Net-Net Working Capital. This places Ferrari Group in the lower half of its industry. The industry median Net-Net Working Capital is 6.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.43, based on 222 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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 Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Ferrari Group For the Transportation industry, the median Net-Net Working Capital is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari Group's current Net-Net Working Capital is €0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrari Group stock overvalued right now?
Ferrari Group (FRA:046) has a current Net-Net Working Capital of €0.85. The current Net-Net Working Capital is €0.85. Ferrari Group's overall GF Score™ is 31/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Ferrari Group (FRA:046), the current Net-Net Working Capital is €0.85 as of Dec. 2025. 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.
Ferrari Group PLC specializes in providing shipping, integrated logistics, and high-value-added services for jewelry and precious goods across the globe. Its primary business activities include the delivery of luxury goods through different airfreight carriers for valuable and vulnerable cargo (Freight forwarding); handling procedures related to customs involved in the shipping of high-value products (Custom solution); providing ground transportation, warehousing, and logistic services for luxury goods; and offering other bespoke services across the logistics value chain for luxury goods. The Group's reportable segments are: Europe, which derives maximum revenue, Asia, North America and Brazil (NAM and Brazil), and the Rest of the world.
31GF Score
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