Obviously it could be, but it's way too early to say. It was only two years ago that Alonso was very nearly champion in the Ferrari. Things change very quickly. Yeah, I know 2012 was all Alonso in the 7th best car (or whatever it is now), but when you consider speed and reliability, if the championship had suddenly ended after Monza, Alonso would have just won the championship in the best car. It was only when Red Bull got their act together and got those four wins in a row with Vettel that the Red Bull convincingly overcame the Ferrari. So it was probably at some point in the middle or end of that four-race run that the Red Bull became the best car for the season overall.
Don't forget Japan--even Massa made it to a podium that race. Had FA not blown the start he would've likely been on course for second.
Ferrari was not abysmal in 2012. Behind Red Bull and McLaren at most tracks, yes, but worse than 3rd best overall? Not a chance. RBR and Macca's pace was offset by their reliability issues, as clearly shown by FA even having a shot at the title--and don't forget that RBR, like Ferrari didn't even have a claim to the fastest car until halfway through the season (around Valencia-ish, the first race that year where Vettel genuinely ran away with the lead), and even then they had glaring weak points (Monza, Spa) and were consistently challenged by Lotus and McLaren.
If SV's car had blown up on any one of the races which he won instead of at a race like Monza it would've been game over for RBR. Spun another way, had SV's car not failed at Valencia, by memory of my calculations he would've only just lost the lead at Germany before thoroughly establishing it again for the remainder of the season by Belgium or so; people forget SV was at or near the top of the points table for most of the early part of the year when RBR was still struggling to come to grips with the change in aero regs and Macca and occasionally Lotus was clearly superior. The FA 'dragging a car into contention' story from 2012 is mostly a myth as his being in contention was mostly down to the unreliability of his rivals' cars--those being Lotus, McLaren, and RBR.
But this is just if's and but's and hypothetical situation-ing, which can be played opposite this with just as much merit. Truth is you could probably re-run that season with the exact same calendar, exact same tracks, and exact same cars starting next year and get different results. Too many variables in F1 to say 'it was this' or 'it was that'. The goal is to make the most of your opportunities--those who do are more frequently closer to the front, those who don't are less frequently so. Really the only constant you can go on.
So I don't think Ferrari have been consistently 'out of it' this decade. 2011 and 2014 were/have been pretty bad, but in the years they were competitive, they've been victims of a combination of some bad luck and general 'wrong place, wrong time' (except 2013, which was kind of a WTF year in that they squandered the best car but then had to deal with a midseason tyre change as soon as they had a chance to find themselves on the rebound). They'll get there again; they're a works team, they've got no shortage of strong drivers ready to fill any available voids, and they're undergoing a technical reshuffling complete with staff from the team that dominated the first third or so of the decade. A title before 2020 is plausible I think. Not a certainty, but definitely 'more' possible than 'less', in my opinion.