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Ferrari N.V (2FE) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €58.4B

FN Ferrari N.V 2FE · XETRA
Price€328.35
Fair Value€182.53
Upside-44.4%
Quality65/100
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Evidence: High Range €112.35 – €230.18

Fair value as of: Jul 12, 2026

From 26 valuation models · updated yesterday

Fair value updated Jul 12, 2026 — revised from €182.27 to €182.53 (+0.1%) since Jul 7, 2026. Share price +7.2% over the past month.

Price vs Fair Value (12 months)

€436.03 €270.55 Fair Value €182.53 Jul 2025 Jul 2026

12‑month range €270.55 – €436.03 · fair‑value band €112.35 – €230.18 · the €328.35 price screens above the €182.53 fair value. As of Jul 12, 2026.

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Analysis

Ferrari N.V (2FE) currently trades at €328.35, while our model-based Fair Value estimate is €182.53 — implying the stock looks roughly 44.4% overvalued today. We read business quality at 65/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Ferrari N.V generated revenue of €7.2B at a net margin of 22.2%. Revenue grew 3.2% year over year. It earns a return on equity of 42.0%. Net debt stands at €1.4B. Fundamentals as of Jul 12, 2026

Our scenario range runs from €112.35 (bear case) to €230.18 (bull case); at €328.35, the current price sits above that range. The share trades about 26% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 7% fair-value upside — at -44%, 2FE screens richer than that median.

Key figures & financial health

Revenue (TTM) €7.2B
Revenue growth (YoY) +3.2%
Net margin 22.2%
Return on equity 42.0%
Free cash flow €1.4B FY2025
P/E ratio 32.8
More key figures
Operating margin 29.5%
EPS (TTM) €9.00
Dividend yield 1.1%
EPS growth (YoY) +1.3%
Net debt €1.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.

About the company

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. It offers sports, track, one-off, and road cars, as well as supercars. The company also provides spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, it operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, the company provides direct or indirect finance and leasing services; range of financial and ancillary services; special financing arrangements; and operates franchised and owned Ferrari stores. The company was founded in 1947 and is headquartered in Maranello, Italy.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ferrari N.V reported revenue of €7.1B in FY2025 versus €4.3B in FY2021, a compound +13.7%/yr. Reported net income was €1.6B in FY2025, compounding +17.8%/yr from FY2021.

Revenue +13.7%/yr
FY21 €4.3B
FY22 €5.1B
FY23 €6.0B
FY24 €6.7B
FY25 €7.1B
Net income +17.8%/yr
FY21 €831M
FY22 €933M
FY23 €1.3B
FY24 €1.5B
FY25 €1.6B

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Cite: Fair Value Calculator (2026). "Ferrari N.V Fair Value". https://www.fairvalue-calculator.com/stock/2FE

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Frequently asked questions

Is Ferrari N.V (2FE) undervalued?
As of Jul 12, 2026, our model estimates a fair value of €182.53 versus a price of €328.35 — about −44% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 2FE?
Our model-based fair value for Ferrari N.V is €182.53 (as of Jul 12, 2026), built from audited fundamentals. The current price is €328.35.
What is the quality score of 2FE?
Ferrari N.V has a Quality Score of 65/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ferrari N.V (2FE)?
Ferrari N.V reported trailing-twelve-month revenue of about €7.2B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 2FE?
The net profit margin of Ferrari N.V is about 22.2%, meaning it keeps roughly 22.2% of revenue as net income. Based on the latest reported figures.
Does Ferrari N.V pay a dividend?
Ferrari N.V currently shows a dividend yield of about 1.23% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.