FedEx Corporation (FDX) Valuation — DCF, Graham & Comparables

FedEx Corporation (FDX) — Price $318.25 (closing price, November 2, 2026) — Industrials — Integrated Freight & Logistics — NYSE

Latest reported results:

Valuation dashboard for FedEx Corporation (FDX) with P/E 19.78, P/B 2.17, EV/EBITDA 10.3 and dividend yield 1.50%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.

FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/E 19.8× · Multiples range: $415.93 · $415.93.

At its sector median (25.9×) $416 (+31 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

FedEx Corporation reported revenue of $94.72B in the most recent fiscal year, growing at a 5-year CAGR of 2.5%. Net income reached $4.43B, with a -3.3% 5-year CAGR.

Trailing-twelve-month margins: gross margin 18.9%, operating margin 6.5%, net margin 4.1%.

At $318.25 (closing price, November 2, 2026), FDX trades at a P/E of 19.78 and an ROE of 12.56%. Market capitalisation stands at $74.5B, placing it among large-cap names.

Balance sheet quality for FDX: debt-to-equity ratio of 0.99, current ratio of 1.33 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio19.78
Price / Book2.17
EV / EBITDA10.3
Dividend Yield1.50%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
FDXFedEx Corporation$74.5B19.782.1712.6%
UPSUnited Parcel Service, Inc.$82.2B21.106.2328.5%
ZTOZTO Express (Cayman) Inc.$15.2B10.381.6315.9%
0R08.LUnited Parcel Service, Inc.$84.9B18.755.7029.1%
0QZX.LFedEx Corporation$70.8B16.272.2715.1%
0QMW.LKuehne + Nagel International AGCHF 27.5B27.6610.3141.9%
EXPDExpeditors International of Washington, Inc.$26.1B29.1912.5240.7%
0IJR.LExpeditors International of Washington, Inc.$25.8B28.4812.2540.7%

Price

Price$318.25 (closing price, November 2, 2026)
Market Cap$74.5B
ExchangeNYSE
CountryUS

Profitability

Return on Equity12.56%
Return on Invested Capital6.00%
Return on Assets4.20%
Gross Margin18.95%
Operating Margin6.45%
Net Margin4.09%

Related companies: UPS · ZTO · 0R08.L · 0QZX.L · 0QMW.L · EXPD · 0IJR.L · 0J71.L

Explore sector: Industrials · Integrated Freight & Logistics

More sections of FDX: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks