How Ferrari’s Valuation Multiples Look at the Start of Q4
As of November 5, Ferrari’s (RACE) forward EV-to-EBITDA multiple was 16.9x. Ferrari’s EV-to-EBITDA multiple was significantly higher than that of other auto companies (XLY) like General Motors (GM), Ford (F), and Toyota (TM). GM’s, Ford’s, and Toyota’s EV-to-EBITDA multiples were at 8.5x, 13.3x, and 8.9x, respectively.