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Ferrari NV (Ferrari NV) Cyclically Adjusted PS Ratio : 16.57 (As of Apr. 27, 2024)


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What is Ferrari NV Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Ferrari NV's current share price is $422.46. Ferrari NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $25.50. Ferrari NV's Cyclically Adjusted PS Ratio for today is 16.57.

The historical rank and industry rank for Ferrari NV's Cyclically Adjusted PS Ratio or its related term are showing as below:

RACE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 12.15   Med: 13.56   Max: 17.57
Current: 16.79

During the past years, Ferrari NV's highest Cyclically Adjusted PS Ratio was 17.57. The lowest was 12.15. And the median was 13.56.

RACE's Cyclically Adjusted PS Ratio is ranked worse than
98.98% of 985 companies
in the Vehicles & Parts industry
Industry Median: 0.64 vs RACE: 16.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ferrari NV's adjusted revenue per share data for the three months ended in Dec. 2023 was $9.181. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $25.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferrari NV Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ferrari NV's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Ferrari NV Cyclically Adjusted PS Ratio Chart

Ferrari NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 13.27

Ferrari NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 13.33 12.23 13.27

Competitive Comparison of Ferrari NV's Cyclically Adjusted PS Ratio

For the Auto Manufacturers subindustry, Ferrari NV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ferrari NV's Cyclically Adjusted PS Ratio falls into.



Ferrari NV Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Ferrari NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=422.46/25.5
=16.57

* 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.

Ferrari NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ferrari NV's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.181/119.5000*119.5000
=9.181

Current CPI (Dec. 2023) = 119.5000.

Ferrari NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 4.538 99.907 5.428
201406 5.241 100.093 6.257
201409 4.519 99.814 5.410
201412 4.903 99.721 5.875
201503 3.557 99.814 4.259
201506 4.549 100.279 5.421
201509 4.296 100.000 5.134
201512 3.373 99.814 4.038
201603 3.981 99.600 4.776
201606 4.821 99.900 5.767
201609 4.654 100.100 5.556
201612 4.663 100.300 5.556
201703 4.625 101.000 5.472
201706 5.450 101.100 6.442
201709 5.250 101.200 6.199
201712 5.238 101.200 6.185
201803 5.403 101.800 6.342
201806 5.585 102.400 6.518
201809 5.163 102.600 6.013
201812 5.087 102.300 5.942
201903 5.636 102.800 6.552
201906 5.905 103.100 6.844
201909 5.382 102.900 6.250
201912 5.537 102.800 6.436
202003 5.551 102.900 6.446
202006 3.468 102.900 4.027
202009 5.643 102.300 6.592
202012 7.019 102.600 8.175
202103 6.505 103.700 7.496
202106 6.736 104.200 7.725
202109 6.712 104.900 7.646
202112 7.182 106.600 8.051
202203 7.107 110.400 7.693
202206 7.448 112.500 7.911
202209 6.762 114.200 7.076
202212 7.946 119.000 7.979
202303 8.406 118.800 8.456
202306 8.784 119.700 8.769
202309 9.088 120.300 9.028
202312 9.181 119.500 9.181

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ferrari NV  (NYSE:RACE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Ferrari NV Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Ferrari NV's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ferrari NV (Ferrari NV) Business Description

Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.