FedEx Corporation

NYSE:FDX Stock Report

Market Cap: US$71.6b

FedEx Valuation

Is FDX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FDX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FDX ($288.03) is trading above our estimate of fair value ($202.51)

Significantly Below Fair Value: FDX is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FDX?

Key metric: As FDX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FDX. This is calculated by dividing FDX's market cap by their current earnings.
What is FDX's PE Ratio?
PE Ratio17.4x
EarningsUS$4.04b
Market CapUS$71.60b

Price to Earnings Ratio vs Peers

How does FDX's PE Ratio compare to its peers?

The above table shows the PE ratio for FDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
UPS United Parcel Service
19.9x13.0%US$113.7b
ZTO ZTO Express (Cayman)
13.5x13.7%US$16.9b
CHRW C.H. Robinson Worldwide
37.1x16.6%US$12.9b
EXPD Expeditors International of Washington
22.7x2.6%US$16.5b
FDX FedEx
17.4x10.8%US$71.6b

Price-To-Earnings vs Peers: FDX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does FDX's PE Ratio compare vs other companies in the Global Logistics Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FDX 17.4xIndustry Avg. 17.7xNo. of Companies31PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FDX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the Global Logistics industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is FDX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FDX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.4x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: FDX is good value based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FDX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$288.03
US$310.12
+7.7%
10.7%US$365.00US$200.00n/a29
Nov ’25US$274.35
US$307.91
+12.2%
10.4%US$350.00US$200.00n/a29
Oct ’25US$269.56
US$308.33
+14.4%
10.6%US$351.00US$200.00n/a29
Sep ’25US$298.77
US$322.02
+7.8%
10.3%US$360.00US$215.00n/a29
Aug ’25US$297.83
US$320.77
+7.7%
10.3%US$359.00US$215.00n/a28
Jul ’25US$298.68
US$317.55
+6.3%
10.4%US$359.00US$215.00n/a28
Jun ’25US$253.96
US$309.87
+22.0%
10.2%US$351.00US$210.00n/a28
May ’25US$260.73
US$310.21
+19.0%
9.9%US$351.00US$210.00n/a30
Apr ’25US$280.13
US$308.70
+10.2%
10.1%US$351.00US$210.00n/a29
Mar ’25US$246.60
US$293.84
+19.2%
10.5%US$347.00US$195.00n/a30
Feb ’25US$241.95
US$295.33
+22.1%
10.0%US$347.00US$205.00n/a31
Jan ’25US$252.97
US$294.07
+16.2%
10.1%US$360.00US$205.00n/a31
Dec ’24US$264.42
US$291.90
+10.4%
11.0%US$370.00US$205.00n/a30
Nov ’24US$243.23
US$290.47
+19.4%
10.6%US$370.00US$205.00US$274.3530
Oct ’24US$264.92
US$283.37
+7.0%
11.1%US$330.00US$205.00US$269.5630
Sep ’24US$260.97
US$263.37
+0.9%
10.9%US$312.00US$186.00US$298.7730
Aug ’24US$268.16
US$260.03
-3.0%
10.2%US$294.00US$186.00US$297.8330
Jul ’24US$247.90
US$255.27
+3.0%
10.7%US$290.00US$186.00US$298.6830
Jun ’24US$217.29
US$253.34
+16.6%
11.4%US$295.00US$180.00US$253.9629
May ’24US$230.58
US$251.96
+9.3%
11.7%US$305.00US$180.00US$260.7328
Apr ’24US$228.49
US$241.33
+5.6%
13.8%US$305.00US$145.00US$280.1327
Mar ’24US$204.33
US$202.54
-0.9%
15.1%US$257.00US$145.00US$246.6026
Feb ’24US$202.11
US$196.42
-2.8%
13.1%US$240.00US$145.00US$241.9526
Jan ’24US$173.20
US$194.74
+12.4%
14.1%US$258.00US$130.00US$252.9727
Dec ’23US$180.45
US$196.48
+8.9%
18.2%US$295.00US$125.00US$264.4227
Nov ’23US$158.19
US$195.41
+23.5%
18.1%US$295.00US$125.00US$243.2327

Analyst Forecast: Target price is less than 20% higher than the current share price.

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