# FedEx Corporation (FDX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Air Freight & Logistics. Price $322.52, market value $76.3 billion.

## Valuation
- **P/E (trailing): 17.4×** (5-yr avg 12.3×, 3-yr avg 13.1×). FedEx Corporation trades at 17.4× trailing earnings, well above its own five-year average of 12.3×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 15.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.50**. A PEG of 1.50 is in the range usually read as fairly priced for its growth.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.9×**. Enterprise value is 8.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.7%** (5-yr avg 6.7%). Free cash flow equals 6.7% of the market value, in line with its five-year average of 6.7%. Above 5% is generally attractive.
- **Earnings yield: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Operating margin: 5.8%**. 5.8% of revenue is left after running the business.
- **Net margin: 4.7%**. 4.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.0%**. 14.0% on shareholders' equity is solid.
- **Return on invested capital: 10.0%**. Return on all capital, debt included, is 10.0%.
- **Return on assets: 4.5%**. Each dollar of assets produces 4.5% of profit.

## Growth
- **Revenue growth (1 yr): 7.7%** (3-yr 1.7%/yr, 5-yr 2.4%/yr). Revenue grew 7.7% over the last year, against 2.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 10.4%** (3-yr 6.2%/yr, 5-yr -0.9%/yr). Earnings per share rose 10.4%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 24.1%/yr**. Free cash flow has compounded at 24.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.79**. Debt is 0.79 times equity, moderate leverage.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.48** (quick 1.48). Current assets cover the next year's liabilities 1.48 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.51%** ($5.57 per share, trailing). FedEx Corporation yields 1.51%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 31%** (27% of free cash flow). 31% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 24**. 24 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 17.1%/yr** (1-yr 6.1%). The dividend has compounded at 17.1% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: buy** (26 analysts). 26 analysts cover FedEx Corporation; the consensus is buy, with an average price target of $356.37 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 81.1%** (YTD 39.6%, 3-mo -2.2%). The shares are up 81.1% over twelve months including dividends.
- **From 52-week high: -6.6%** (80.2% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.93** (volatility 28%). Beta of 0.93 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FDX · Page: https://foliofundamentals.com/stocks/fdx

Not investment advice.