FedEx vs United Parcel Service: stock comparison

Analysis: · Data: companies' official filings · Updated

FedEx or United Parcel Service: which stock is cheaper in 2026?

As of October 5, 2026, FedEx (FDX) trades at 15.8× earnings (P/E) and United Parcel Service (UPS) at 17.3×, according to Kaplio. The median across the 273 industrials companies above $2bn in Kaplio's universe is 26.1×. Kaplio's verdict: FedEx, cheap; United Parcel Service, fairly priced. Value range by multiples: $479 for FedEx and $103–$141 for United Parcel Service. Against its own value range, FedEx is the cheaper of the two today.

According to the Kaplio Summary

The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.

FedEx (FDX)United Parcel Service (UPS)
Summary valuationcheap ($479)fairly priced ($103–$141)
The four lightsValuation: P/E 15.8× (cheap)
Business: ROIC 6 % (weak)
Balance sheet: Net debt/EBITDA 2.7× (solid)
Results: 6 of 8 (on track)
Valuation: P/E 17.3× (fairly priced)
Business: ROIC 9 % (fair)
Balance sheet: Net debt/EBITDA 2.2× (solid)
Results: 7 of 8 (on track)
Expected return (per year)——
Buffett methodquality 68 · would not approvequality 64 · would not approve
Lynch methodoutside his circlestalwart · approves

How it is computed

Metrics side by side

MetricFedEx (FDX)United Parcel Service (UPS)
Overview
Market Cap$68.7B$79.0B
Price$290.36$93.02
Valuation
P/E15.8×17.3×
P/B2.2×5.2×
P/S0.7×0.9×
EV/EBITDA9.2×9.7×
FCF Yield7.5 %7.0 %
Dividend Yield1.6 %7.0 %
Profitability
ROIC6.0 %9.0 %
ROE15.1 %29.1 %
Gross Margin22.9 %16.6 %
Operating Margin6.7 %7.3 %
Net Margin4.7 %5.1 %
Growth
Revenue 5Y CAGR2.5 %1.0 %
EPS 5Y CAGR-1.3 %33.4 %
FCF 5Y CAGR3.8 %-1.1 %
Balance Sheet
Net Debt / EBITDA2.7×2.2×
Debt / Equity1.4×1.9×

Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.

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