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 valuation | cheap ($479) | fairly priced ($103–$141) |
| The four lights | Valuation: 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 method | quality 68 · would not approve | quality 64 · would not approve |
| Lynch method | outside his circle | stalwart · approves |
Metrics side by side
| Metric | FedEx (FDX) | United Parcel Service (UPS) |
|---|---|---|
| Overview | ||
| Market Cap | $68.7B | $79.0B |
| Price | $290.36 | $93.02 |
| Valuation | ||
| P/E | 15.8× | 17.3× |
| P/B | 2.2× | 5.2× |
| P/S | 0.7× | 0.9× |
| EV/EBITDA | 9.2× | 9.7× |
| FCF Yield | 7.5 % | 7.0 % |
| Dividend Yield | 1.6 % | 7.0 % |
| Profitability | ||
| ROIC | 6.0 % | 9.0 % |
| ROE | 15.1 % | 29.1 % |
| Gross Margin | 22.9 % | 16.6 % |
| Operating Margin | 6.7 % | 7.3 % |
| Net Margin | 4.7 % | 5.1 % |
| Growth | ||
| Revenue 5Y CAGR | 2.5 % | 1.0 % |
| EPS 5Y CAGR | -1.3 % | 33.4 % |
| FCF 5Y CAGR | 3.8 % | -1.1 % |
| Balance Sheet | ||
| Net Debt / EBITDA | 2.7× | 2.2× |
| Debt / Equity | 1.4× | 1.9× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.