Ferrari NV (RACE) is overvalued and Tesla Inc (TSLA) is overvalued.
Both trade above our estimate of their intrinsic value. RACE is the closer of the two: -65%, against -1287% for TSLA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.5% (average of 3 methods) values the shares at $251.06; the price of $413.32 is 65% above that value, and 75% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 13.2% (average of 2 methods) values the shares at $27.32; the price of $378.90 is 1287% above that value.
Leak Score 48/100 on 10 of 12 signals
| Metric | RACE | TSLA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $413.32 | $378.90 |
| Intrinsic value | $251.06 | $27.32 |
| Margin of safety | -65% | -1287% |
| Leak Score | 59/100 (3/12) | 48/100 (10/12) |
| Market cap | $65.8B | $1.50T |
| Revenue growth, 5 years | 15.4% | 24.6% |
| Operating margin | 29.8% | 4.6% |
| Net margin | 22.3% | 3.7% |
| Return on equity | 45.8% | 4.6% |
| Debt to equity | 0.87 | 0.19 |
| P/E | 38.4x | 352.0x |
| Forward P/E | 32.5x | 164.6x |
| P/B | 17.4x | 17.2x |
| Dividend yield | 1.1% | — |