Stock fact sheet · data as of
Ferrari N.V. (RACE): fair value, margin of safety and Wheel Score
Consumer Cyclical · Auto - Manufacturers · Italy · Quality / Blue-Chip
Is RACE undervalued?
Ferrari N.V. (RACE) closed at 387.35 on 16 Oct 2026, 76% above the GLS average fair value of 220.48. 8 of the 9 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between DDM (53.19) and GLS Growth (630.79). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files RACE under Quality / Blue-Chip: a high moat score and a high health score together.
Nine valuation models for RACE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 157.63 | -59% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 65.88 | -83% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 233.23 | -40% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 75.48 | -81% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 630.79 | +63% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 276.74 | -29% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 376.88 | -3% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 53.19 | -86% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 114.49 | -70% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5.07 | -101% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 462.75 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Ferrari N.V. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 9.6/10 puts RACE among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 23.5%, ROE 40.9%, ROA 16.6% - with debt at 0.74 times equity and a free-cash-flow yield of 2.7%.
The dividend yield is 1.03% with a payout ratio of 39% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Cars and Spare Parts 84%, Sponsorship, Commercial and Brand 12%, Other Revenues 5% (fiscal year FY2025).
Institutional ownership scores 4/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 23.5% |
|---|---|---|---|
| GLS Moat | 9.6 / 10 | ROE | 40.9% |
| Debt / equity | 0.74 | ROA | 16.6% |
| Free-cash-flow yield | 2.7% | Payout ratio | 39% |
| Institutions | 4 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Ferrari N.V. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 0/25, Health 16/20, Moat 14/15, Premium 20/20, Stability 15/20; Value (0/25) scores lowest.
Implied volatility is 37% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 20,470 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 343k shares a day on a market cap of $67.9B, with a beta of 0.61 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -76% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 14 / 15 | moat 9.6/10 | |
| Premium | 20 / 20 | implied volatility 37% | |
| Stability | 15 / 20 | 343k shares/day, $67.9B cap, beta 0.61 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (before the open), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Auto - Manufacturers
The 12 companies below are the closest to Ferrari N.V. by market cap within the Auto - Manufacturers industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GM General Motors Company | 83.66 | 94.34 | +11% | 75Good | $73.4B |
| F Ford Motor Company | 12.31 | 18.04 | +32% | 45Weak | $49.1B |
| HMC Honda Motor Co., Ltd. | 34.06 | 3,477.83 | +99% | 45Weak | $44.2B |
| TM Toyota Motor Corporation | 188.60 | 4,083.88 | +95% | 71Good | $223.3B |
| RIVN Rivian Automotive, Inc. | 12.95 | - | - | 45Weak | $18.7B |
| STLA Stellantis N.V. | 4.27 | - | - | 45Weak | $12.4B |
| LI Li Auto Inc. | 11.46 | 74.75 | +85% | 45Weak | $11.5B |
| XPEV XPeng Inc. | 9.42 | 124.82 | +92% | 45Weak | $8.9B |
| NIO NIO Inc. | 3.50 | - | - | 45Weak | $8.3B |
| VFS VinFast Auto Ltd. | 3.02 | - | - | 45Weak | $7.1B |
| TSLA Tesla, Inc. | 367.16 | 31.77 | -1056% | 51Fair | $1.45T |
| HOG Harley-Davidson, Inc. | 27.59 | 48.04 | +43% | 81Prime | $2.9B |
⚖ Compare RACE with 7 of them All Consumer Cyclical stocks →
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Start free See the Sunday ScanQuestions about RACE
Is RACE undervalued right now?
No: at 387.35 the stock trades 76% above the GLS average fair value of 220.48 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of RACE and what does it mean?
RACE scores 65 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for RACE?
220.48 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Ferrari N.V. report earnings next?
The next earnings report is due on 3 Nov 2026 (before the open), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does RACE have listed options, and how liquid are they?
Yes. The nightly snapshot found 1,000 listed contracts with 20,470 open interest across all expiries and implied volatility of 37% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.