Ferrari NVRACE +1.13%94 Pretax Margin % is 29.05% as of Mar. 2026, which is 24% above its 10-year median of 23.36. GuruFocus rates RACE with a GF Score™ of 94/100 and a GF Value™ of $493.30 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,326 Vehicles & Parts companies, Ferrari NV ranks better than 97.44% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ferrari NV's Pre-Tax Income for the
three
months ended in Mar. 2026 was $621 Mil. Ferrari NV's Revenue for the
three
months ended in Mar. 2026 was $2,137 Mil. Therefore, Ferrari NV's pretax margin for the quarter that ended in Mar. 2026 was 29.05%.
The historical rank and industry rank for Ferrari NV's Pretax Margin % or its related term are showing as below:
RACE'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.27 Med: 23.36 Max: 28.88
Current: 28.77
RACE's Pretax Margin % is ranked better than 97.44% of 1326
companies
in the Vehicles & Parts industry
Industry Median: 4.4
vs RACE: 28.77
Ferrari NV (NYSE:RACE) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Ferrari NV Pretax Margin % Related Terms
Ferrari NV Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Ferrari NV's Pretax 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.
For the Auto Manufacturers subindustry, Ferrari NV's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ferrari NV's Pretax Margin % 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 Pretax Margin % of 29.05% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ferrari NV and its competitors. This is 24% above median its historical median of 23.36. Over the past decade, Ferrari NV's Pretax Margin % has ranged from 18.27 to 28.88. According to the industry distribution chart, Ferrari NV ranks #34 out of 1326 companies in the Vehicles & Parts industry, placing it in the top 2.6%.
Is Ferrari NV's Pretax Margin % too high?
Ferrari NV's current Pretax Margin % of 29.05% is 24% above median its 10-year median of 23.36. Over the past 10 years, this metric has ranged from a low of 18.27 to a high of 28.88. The Vehicles & Parts industry median Pretax Margin % is 4.40. Ferrari NV's value of 29.05% is 560.2% above this industry median. Based on the distribution chart, Ferrari NV ranks #34 out of 1326 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 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ferrari NV's Pretax Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #34 out of 1326 companies for Pretax Margin %. This places Ferrari NV in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.40. Ferrari NV's value of 29.05% is 560.2% above this benchmark. Historically, Ferrari NV's own Pretax Margin % has ranged from 18.27 to 28.88 over the past decade. While the company's 10-year median is 23.36 vs. the industry median of 4.40, 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 Pretax Margin % for a Vehicles & Parts company?
The median Pretax Margin % among Vehicles & Parts companies is 4.40, based on 1,326 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current Pretax Margin % of 29.05% is 560.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Pretax Margin % is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Pretax Margin % is 29.05%, which is 24% above median its own 10-year median of 23.36. 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 $493.30, compared to a current price of $348.75 — trading 29.3% below its estimated fair value. The current Pretax Margin % is 29.05%, which is 24% above median its 10-year median of 23.36 and 560.2% above the Vehicles & Parts industry median of 4.40. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Ferrari NV (RACE), the current Pretax Margin % is 29.05% 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 $348.75 is trading 29.3% below its estimated GF Value™ of $493.30.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
Pretax Margin %: 29.05% (24% above median its 10-year median of 23.36)
GF Value™: $493.30 vs. price of $348.75 (29.3% below fair value)
Industry Position: 560.2% above the Vehicles & Parts median (#34 of 1326)
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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