Ferrari (RACE.MI): analysis in plain words
Is Ferrari cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Ferrari (RACE.MI) is listed on Borsa Italiana in Milan and we classify it in automotive. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Ferrari according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Ferrari (RACE.MI) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €382.55 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 41.9x | Price over earnings per share |
| Revenue growth | +7.4% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 22.5% | Profit for every 100 of sales |
| Net debt / EBITDA | 0.7x | Years of operating profit to repay debt |
| Dividend yield | 0.96% | Annual dividend over price |
| Market cap | €67.0 billion | What the stock market values it at |
The Ferrari figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any RACE.MI figure that is not available shows as N/A: we do not estimate it.
How Ferrari makes money
Ferrari makes most of its money selling luxury sports cars and spare parts, from series models to limited editions and bespoke personalization. It also earns from sponsorships plus commercial and brand revenue tied to its Formula One racing team, and from its lifestyle line of apparel, accessories and licensed theme parks.
Over the last 12 months, Ferrari brought in revenue of €7.5 billion. For every 100 it sells, Ferrari keeps 52.2 after the direct cost of what it sells (gross margin) and 29.6 after all operating costs (operating margin). With 5,718 full-time employees, that is about €1 million of revenue per employee.
Ferrari against its sector
To know whether a Ferrari figure is high or low you have to put it next to similar companies. This table compares Ferrari with the median of the 5 automotive companies Fintols covers, with data as of November 4, 2026.
| Figure | Ferrari | automotive median |
|---|---|---|
| P/E | 41.9x | 20.2x (5) |
| Revenue growth | +7.4% | +1.1% (11) |
| Net margin | 22.5% | 0.5% (11) |
| Dividend yield | 0.96% | 0.82% (11) |
| Net debt / EBITDA | 0.7x | 5.9x (9) |
In short, against the typical automotive company, Ferrari trades on a higher P/E, grows faster and earns a wider margin. By size, Ferrari ranks number 1 of 5 automotive companies quoted in EUR on Fintols.
The bull case for Ferrari
These are the strengths in the Ferrari figures as of November 4, 2026:
- Its net margin over the last 12 months is 22.5% (sector median: 0.5%): Ferrari turns a large share of its sales into profit.
- Analysts expect Ferrari earnings to rise: its P/E on the next 12 months of estimated earnings is 34.6x, below the current 41.9x.
- Ferrari is selling more than a year ago: +7.4% in its latest quarter (the typical automotive company grew +1.1%).
The main risk for Ferrari
The price already assumes a lot: Ferrari trades at 41.9x its last 12 months of earnings, against 20.2x for the automotive median. If growth disappoints, the multiple can shrink and the share price with it.
And, like the rest of automotive, Ferrari is exposed to the electric-car price war, tariffs and how cyclical car sales are.
Frequently asked questions about Ferrari
Is it a good time to buy Ferrari stock?
Fintols does not tell you whether to buy or sell Ferrari, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Ferrari stock trades at €382.55, 0% below its 52-week high (€382.55) and 42% above its low (€269.00). Its P/E is 41.9x against a automotive median of 20.2x, and 34.6x on the earnings analysts expect over the next 12 months. With Ferrari, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Ferrari pay a dividend?
Yes. As of November 4, 2026, Ferrari pays €3.62 per share a year, which at today's price is a yield of 0.96%. It uses 38% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 0.64%. The automotive median on Fintols is 0.82%.
Is Ferrari stock expensive?
It depends on what you compare it with. On P/E, Ferrari trades at 41.9x its last 12 months of earnings: more expensive than the automotive median (20.2x). Including its debt, Ferrari is valued at 29.3x its EBITDA (EV/EBITDA). A high P/E alone does not make Ferrari expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Ferrari's competitors?
On Fintols we compare Ferrari with Ford, General Motors and Rivian, which are also in automotive. As of November 4, 2026, Ford is worth $50.6 billion; General Motors is worth $78.5 billion and trades on a P/E of 20.2; Rivian is worth $20.5 billion. Each has a side-by-side comparison with Ferrari below.
Ferrari competitors
- Ford (F) analysis · Ferrari vs Ford comparison
- General Motors (GM) analysis · Ferrari vs General Motors comparison
- Rivian (RIVN) analysis · Ferrari vs Rivian comparison
To understand Ferrari better
- How to Read a Balance Sheet: A Beginner's Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Ferrari: automotive stocks and Euro Stoxx 50 companies. Open the full RACE.MI analysis with its valuation and scenarios. Educational content about Ferrari, not investment advice.