Ferrari NVRACE +2.75%94 Return-on-Tangible-Asset is 21.89% as of Mar. 2026, which is 14% above its 10-year median of 19.12. GuruFocus rates RACE with a GF Score™ of 94/100 and a GF Value™ of $499.28 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Ferrari NV ranks better than 98.73% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Ferrari NV's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,909 Mil. Ferrari NV's average total tangible assets for the quarter that ended in Mar. 2026 was $8,723 Mil. Therefore, Ferrari NV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.89%.
The historical rank and industry rank for Ferrari NV's Return-on-Tangible-Asset or its related term are showing as below:
RACE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.53 Med: 19.12 Max: 24.77
Current: 21.68
During the past 13 years, Ferrari NV's highest Return-on-Tangible-Asset was 24.77%. The lowest was 14.53%. And the median was 19.12%.
RACE's Return-on-Tangible-Asset is ranked better than 98.73% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 3.115
vs RACE: 21.68
Ferrari NV (NYSE:RACE) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Ferrari NV Return-on-Tangible-Asset Related Terms
Ferrari NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ferrari NV's Return-on-Tangible-Asset 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.
RACE vs TSLA, GM, F: Return-on-Tangible-Asset Comparison
For the Auto Manufacturers subindustry, Ferrari NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ferrari NV's Return-on-Tangible-Asset 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 the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.89% mean?
Ferrari NV (RACE) has a Return-on-Tangible-Asset of 21.89% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ferrari NV and its competitors. This is 14% above median its historical median of 19.12. Over the past decade, Ferrari NV's Return-on-Tangible-Asset has ranged from 14.53 to 24.77. According to the industry distribution chart, Ferrari NV ranks #17 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 1.3%.
Is Ferrari NV's Return-on-Tangible-Asset too high?
Ferrari NV's current Return-on-Tangible-Asset of 21.89% is 14% above median its 10-year median of 19.12. Over the past 10 years, this metric has ranged from a low of 14.53 to a high of 24.77. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.12. Ferrari NV's value of 21.89% is 602.7% above this industry median. Based on the distribution chart, Ferrari NV ranks #17 out of 1336 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 Return-on-Tangible-Asset compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #17 out of 1336 companies for Return-on-Tangible-Asset. This places Ferrari NV in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.12. Ferrari NV's value of 21.89% is 602.7% above this benchmark. Historically, Ferrari NV's own Return-on-Tangible-Asset has ranged from 14.53 to 24.77 over the past decade. While the company's 10-year median is 19.12 vs. the industry median of 3.12, 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 Return-on-Tangible-Asset for a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.12, based on 1,336 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current Return-on-Tangible-Asset of 21.89% is 602.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current Return-on-Tangible-Asset is 21.89%, which is 14% above median its own 10-year median of 19.12. 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 $499.28, compared to a current price of $384.97 — trading 22.9% below its estimated fair value. The current Return-on-Tangible-Asset is 21.89%, which is 14% above median its 10-year median of 19.12 and 602.7% above the Vehicles & Parts industry median of 3.12. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Ferrari NV (RACE), the current Return-on-Tangible-Asset is 21.89% 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 22.9% below its estimated GF Value™ of $499.28.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
Return-on-Tangible-Asset: 21.89% (14% above median its 10-year median of 19.12)
GF Value™: $499.28 vs. price of $384.97 (22.9% below fair value)
Industry Position: 602.7% above the Vehicles & Parts median (#17 of 1336)
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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