Ferrari NVRACE +1.23%94 ROC (Joel Greenblatt) % is 99.69% as of Mar. 2026, which is 0% above its 10-year median of 99.25. GuruFocus rates RACE with a GF Score™ of 94/100 and a GF Value™ of $490.84 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Ferrari NV ranks better than 97.23% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Ferrari NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 99.69%.
The historical rank and industry rank for Ferrari NV's ROC (Joel Greenblatt) % or its related term are showing as below:
RACE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 62.47 Med: 99.25 Max: 113.06
Current: 100.54
During the past 13 years, Ferrari NV's highest ROC (Joel Greenblatt) % was 113.06%. The lowest was 62.47%. And the median was 99.25%.
RACE's ROC (Joel Greenblatt) % is ranked better than 97.23% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs RACE: 100.54
Ferrari NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.90% per year.
Ferrari NV (NYSE:RACE) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Ferrari NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ferrari NV's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Ferrari NV's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ferrari NV's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 99.69% mean?
Ferrari NV (RACE) has a ROC (Joel Greenblatt) % of 99.69% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ferrari NV and its competitors. This is near median its historical median of 99.25. Over the past decade, Ferrari NV's ROC (Joel Greenblatt) % has ranged from 62.47 to 113.06. According to the industry distribution chart, Ferrari NV ranks #37 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 2.8%.
Is Ferrari NV's ROC (Joel Greenblatt) % too high?
Ferrari NV's current ROC (Joel Greenblatt) % of 99.69% is near median its 10-year median of 99.25. Over the past 10 years, this metric has ranged from a low of 62.47 to a high of 113.06. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Ferrari NV's value of 99.69% is 732.8% above this industry median. Based on the distribution chart, Ferrari NV ranks #37 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 ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Ferrari NV ranks #37 out of 1336 companies for ROC (Joel Greenblatt) %. This places Ferrari NV in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.97. Ferrari NV's value of 99.69% is 732.8% above this benchmark. Historically, Ferrari NV's own ROC (Joel Greenblatt) % has ranged from 62.47 to 113.06 over the past decade. While the company's 10-year median is 99.25 vs. the industry median of 11.97, 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 ROC (Joel Greenblatt) % for a Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,336 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrari NV's current ROC (Joel Greenblatt) % of 99.69% is 732.8% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ferrari NV and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrari NV's current ROC (Joel Greenblatt) % is 99.69%, which is near median its own 10-year median of 99.25. 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 $490.84, compared to a current price of $372.86 — trading 24% below its estimated fair value. The current ROC (Joel Greenblatt) % is 99.69%, which is near median its 10-year median of 99.25 and 732.8% above the Vehicles & Parts industry median of 11.97. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Ferrari NV (RACE), the current ROC (Joel Greenblatt) % is 99.69% 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 $372.86 is trading 24% below its estimated GF Value™ of $490.84.
GuruFocus considers Ferrari NV to be Modestly Undervalued.
Key valuation signals for RACE:
ROC (Joel Greenblatt) %: 99.69% (near median its 10-year median of 99.25)
GF Value™: $490.84 vs. price of $372.86 (24% below fair value)
Industry Position: 732.8% above the Vehicles & Parts median (#37 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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