Morningstar
•
May 21, 2026
Ferrari N.V.: Wide-Moat Ferrari Exemplifies the Power of Value Over Volume
Symbols
RACESector(s)
Consumer Cyclical
Rating
Current Price
391.86
Fair Value
Economic Moat
Stewardship
Summary
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2025, the company sold 13,640 vehicles at an average price over EUR 520,000 with more than 80% of its vehicles being sold to existing Ferrari clients. Eighty-four percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle ac
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