Ferrari N.V. (RACE) — Stock analysis
USDCurrent price
340,84 USD
-5,51 USD (-1.59%) today
Market signals
About Ferrari N.V.
Ferrari is the world's leading manufacturer of luxury sports cars, headquartered in Maranello (Modena). It deliberately produces limited volume (around 14,000 vehicles per year) to maintain exclusivity and pricing power. The portfolio includes ICE models (Roma, Purosangue), hybrids (296 GTB, SF90) and starting 2026 the first fully electric model. Listed on NYSE (RACE) and Borsa Italiana (RACE). Beta structurally lower than the auto average.
What does Ferrari do?▾
Ferrari designs and produces luxury sports cars (Roma, Purosangue, 296, SF90, F8) at its historic Maranello plant. It also competes in Formula 1 and runs a brand business (merchandising, theme park, partnerships).
Which exchanges is Ferrari listed on?▾
Ferrari's primary listing is on NYSE with ticker RACE (2015 IPO) and a dual listing on Borsa Italiana, also with ticker RACE. Prices on the two markets are aligned to within the fixed EUR/USD spread.
Why is Ferrari's P/E so high?▾
Ferrari typically trades at P/E 40-50, well above the auto sector average (10-15). The market values it as a luxury company rather than an automaker: operating margins above 25% (vs 5-10% for most automakers), strong pricing power, iconic brand. Should it ever slide toward an "auto" valuation, the multiple could contract significantly.
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