P/E ratio for Ferrari (RACE)
P/E ratio as of April 2024 (TTM): 59.0
According to Ferrari's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.98. At the end of 2022 the company had a P/E ratio of 39.8.
P/E ratio history for Ferrari from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.8 | -19.55% |
| 2021 | 49.4 | -16.52% |
| 2020 | 59.2 | 49.28% |
| 2019 | 39.7 | 94.39% |
| 2018 | 20.4 | -36.61% |
| 2017 | 32.2 | 28.82% |
| 2016 | 25.0 | -15.52% |
| 2015 | 29.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ferrari RACE | 59.0 | 0.00% | 🇮🇹 Italy |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.