FedEx (FDX) valuation
FedEx P/E ratio history
FedEx trades at 21.0 times its earnings over the last twelve months and 15.5 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 13.0 (year to May 2025) to 83.4 (year to May 2019), with a median of 15.9.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| May 31, 2026 | $331.79 | $14.95 | 22.2 | 18.9 |
| May 31, 2025 | $175.75 | $13.55 | 13.0 | 11.2 |
| May 31, 2024 | $204.64 | $13.87 | 14.8 | 12.5 |
| May 31, 2023 | $175.65 | $12.47 | 14.1 | 12.5 |
| May 31, 2022 | $180.97 | $11.55 | 15.7 | 10.2 |
| May 31, 2021 | $253.67 | $15.67 | 16.2 | — |
| May 31, 2020 | $105.21 | $3.94 | 26.7 | — |
| May 31, 2019 | $124.32 | $1.49 | 83.4 | — |
| May 31, 2018 | $200.74 | $13.51 | 14.9 | — |
| May 31, 2017 | $156.20 | $8.91 | 17.5 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
FedEx valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| FedExFDX | $74.8B | 21.0 | 15.5 | 0.8 |
| Norfolk SouthernNSC | $77.0B | 28.7 | 24.2 | 5.9 |
| United Parcel ServiceUPS | $92.0B | 20.1 | 13.7 | 1.0 |
| CSXCSX | $96.3B | 26.9 | 22.9 | 6.5 |
| Delta Air LinesDAL | $52.7B | 16.0 | 11.7 | 0.7 |
| Uber TechnologiesUBER | $133B | 14.3 | 16.8 | 2.4 |
| Old DominionODFL | $35.9B | 33.2 | 26.4 | 6.4 |
| United Airlines HoldingsUAL | $33.8B | 9.6 | 9.7 | 0.5 |
| Union PacificUNP | $181B | 23.7 | 21.6 | 6.9 |
| Peer median | 21.9 | 19.2 | 4.2 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: FDX financials · FDX returns
No forecast, no recommendation. This page describes FedEx from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.