Ferrari NVFRA:2FE -0.87%91 Operating Margin % is 29.88% as of Mar. 2026, which is 23% above its 10-year median of 24.29. GuruFocus rates FRA:2FE with a GF Score™ of 91/100 and a GF Value™ of €432.69 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,325 Vehicles & Parts companies, Ferrari NV ranks better than 98.72% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Ferrari NV's Operating Income for the
three
months ended in Mar. 2026 was €552 Mil. Ferrari NV's Revenue for the
three
months ended in Mar. 2026 was €1,848 Mil. Therefore, Ferrari NV's Operating Margin % for the quarter that ended in Mar. 2026 was 29.88%.
Good Sign:
Ferrari NV operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Ferrari NV's Operating Margin % or its related term are showing as below:
FRA:2FE'
s Operating Margin % Range Over the Past 10 Years
Min: 19.86 Med: 24.29 Max: 29.35
Current: 29.29
FRA:2FE's Operating Margin % is ranked better than 98.72% of 1325
companies
in the Vehicles & Parts industry
Industry Median: 4.86
vs FRA:2FE: 29.29
Ferrari NV's 5-Year Average Operating Margin % Growth Rate was 6.30% per year.
Ferrari NV's Operating Income for the
three
months ended in Mar. 2026 was €552 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €2,110 Mil.
Ferrari NV (FRA:2FE) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Ferrari NV Operating Margin % Related Terms
Ferrari NV Operating Margin % Historical Data
* Premium members only.
The historical data trend for Ferrari NV's Operating Margin % 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:2FE vs TSLA, GM, F: Operating Margin % Comparison
For the Auto Manufacturers subindustry, Ferrari NV's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ferrari NV's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Ferrari NV's Operating Margin % for the fiscal year that ended in Dec. 2025 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.
Ferrari NV (FRA:2FE) has a Operating Margin % of 29.88% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ferrari NV and its competitors. This is 23% above median its historical median of 24.29. Over the past decade, Ferrari NV's Operating Margin % has ranged from 19.86 to 29.35. According to the industry distribution chart, Ferrari NV ranks #17 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 1.3%.
Is Ferrari NV's Operating Margin % too high?
Ferrari NV's current Operating Margin % of 29.88% is 23% above median its 10-year median of 24.29. Over the past 10 years, this metric has ranged from a low of 19.86 to a high of 29.35. The Vehicles & Parts industry median Operating Margin % is 4.86. Ferrari NV's value of 29.88% is 514.8% above this industry median. Based on the distribution chart, Ferrari NV ranks #17 out of 1325 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Ferrari NV has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Operating Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #17 out of 1325 companies for Operating Margin %. This places Ferrari NV in the top 1% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 4.86. Ferrari NV's value of 29.88% is 514.8% above this benchmark. Historically, Ferrari NV's own Operating Margin % has ranged from 19.86 to 29.35 over the past decade. While the company's 10-year median is 24.29 vs. the industry median of 4.86, 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 Operating Margin % for a Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.86, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current Operating Margin % of 29.88% is 514.8% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Operating Margin % is 29.88%, which is 23% above median its own 10-year median of 24.29. 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 Significantly Undervalued. The stock's GF Value™ is €432.69, compared to a current price of €302.50 — trading 30.1% below its estimated fair value. The current Operating Margin % is 29.88%, which is 23% above median its 10-year median of 24.29 and 514.8% above the Vehicles & Parts industry median of 4.86. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Ferrari NV (FRA:2FE), the current Operating Margin % is 29.88% 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 €302.50 is trading 30.1% below its estimated GF Value™ of €432.69.
GuruFocus considers Ferrari NV to be Significantly Undervalued.
Key valuation signals for FRA:2FE:
Operating Margin %: 29.88% (23% above median its 10-year median of 24.29)
GF Value™: €432.69 vs. price of €302.50 (30.1% below fair value)
Industry Position: 514.8% above the Vehicles & Parts median (#17 of 1325)
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 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
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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