Ferrari's stock price ($RACE) has surged, trading 50% over its 2021 peak with a high TTM PE ratio. Luxury industry prices, including Ferrari, LVMH, and Hermes, have outperformed. The luxury market is experiencing a slowdown in price increases, with even the affluent starting to resist the high costs of luxury goods.
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year, @AndreaFelsted writes (via @opinion) https://t.co/uBIKeH1XX2
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year, @AndreaFelsted writes https://t.co/lzDOCwiMB4 via @opinion
A champagne era of rising prices for the luxury industry prices is starting to fall flat - column here by @AdrienneKlasa. Even the well-heeled are beginning to resist the increasing cost of high-end products https://t.co/JyVGm32r4j
Forget animal print, the gyrations in luxury valuations have been the wildest look of the past year, @AndreaFelsted writes https://t.co/7TLkTrb5Zd
Champagne era for luxury industry prices starts to go flat https://t.co/pQjmssQTT7 | opinion
A quick look at $RACE this morning reminded me of @netcapgirl 's luxury brand writeup last fall on LVMH, Ferrari, and Hermes... all three have outperformed https://t.co/ry0tDmHjG6 https://t.co/Ag0qdy5fpM
Well, at least Ferrari $RACE has been feeling the love. Now trading 50% over 2021 peak (56x TTM PE) https://t.co/XcaB8mhaIR https://t.co/MVs2a1HLNK