FedEx
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
9.868.417.126.59
Price/Sales ratio
0.650.620.580.56
Earnings per Share (EPS)
$23.63$27.71$32.69$35.33

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
47.2625.0117.2014.5474.8526.3215.6815.4313.9314.5417.4526.32
Price/Sales ratio
1.040.900.851.010.570.480.970.630.610.710.770.57
Price/Book Value ratio
3.313.303.203.422.271.853.392.362.122.281.051.85
Price/Cash Flow ratio
9.247.9710.4514.237.206.648.096.006.287.579.957.20
Price/Free Cash Flow ratio
48.7051.15-277.21-67.25328.62-43.9019.3019.2420.9620.0825.5125.51
Price/Earnings Growth ratio
-0.920.320.240.27-0.850.180.05-0.581.851.243.00-0.85
Dividend Yield
0.45%0.60%0.82%0.80%1.68%2.00%0.83%1.34%2.12%1.99%1.92%1.68%
Profitability Indicator Ratios
Gross Profit Margin
18.03%20.50%22.89%22.45%21.27%19.27%21.38%21.56%21.25%21.61%22.51%21.27%
Operating Profit Margin
3.93%6.10%8.35%7.24%6.40%4.74%6.97%6.67%5.44%6.33%6.13%4.74%
Pretax Profit Margin
3.42%5.44%7.59%6.65%0.93%2.41%7.94%5.23%5.94%6.65%6.00%0.93%
Net Profit Margin
2.21%3.61%4.96%6.98%0.77%1.85%6.23%4.09%4.40%4.93%4.44%0.77%
Effective Tax Rate
35.46%33.57%34.54%-5.03%17.55%22.94%21.62%21.85%25.93%25.78%25.91%17.55%
Return on Assets
2.83%3.95%6.17%8.73%0.99%1.74%6.31%4.44%4.55%4.97%4.54%0.99%
Return On Equity
7.00%13.20%18.64%23.54%3.04%7.02%21.64%15.34%15.22%15.70%10.70%3.04%
Return on Capital Employed
6.00%8.08%12.39%11.09%9.83%5.20%8.47%8.70%6.67%7.54%7.54%5.20%
Liquidity Ratios
Current Ratio
1.831.491.591.381.451.581.50N/AN/AN/A1.231.58
Quick Ratio
1.751.431.521.331.391.521.461.381.321.311.181.52
Cash ratio
0.630.440.500.330.250.470.510.480.500.48N/A0.47
Days of Sales Outstanding
43.9852.5545.9847.2947.7453.2752.4646.3041.2441.9844.8453.27
Days of Inventory outstanding
4.674.524.033.773.673.733.243.173.103.263.343.73
Operating Cycle
48.6657.0750.0151.0751.4257.0055.7149.4744.3545.2448.1857.00
Days of Payables Outstanding
19.3826.8321.5921.4120.1521.3521.2420.0519.7816.9321.0020.15
Cash Conversion Cycle
29.2730.2328.4129.6631.2635.6534.4729.4124.5628.3127.1835.65
Debt Ratios
Debt Ratio
0.190.290.300.310.320.310.270.250.250.250.200.31
Debt Equity Ratio
0.480.990.920.850.991.280.930.890.850.800.271.28
Long-term Debt to Capitalization
0.320.490.480.430.480.540.450.440.430.410.180.54
Total Debt to Capitalization
0.320.490.480.460.490.560.480.470.460.440.210.56
Interest Coverage Ratio
9.119.159.839.408.134.247.53N/AN/AN/A28.678.13
Cash Flow to Debt Ratio
0.730.410.330.280.310.210.440.440.390.370.380.31
Company Equity Multiplier
2.473.343.022.693.064.013.423.443.333.151.334.01
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.110.110.080.070.080.070.120.100.090.090.070.07
Free Cash Flow / Operating Cash Flow Ratio
0.180.15-0.03-0.210.02-0.150.410.310.290.370.380.02
Cash Flow Coverage Ratio
0.730.410.330.280.310.210.440.440.390.370.380.31
Short Term Coverage Ratio
282.42196.82224.093.485.822.584.303.893.503.282.172.58
Dividend Payout Ratio
21.61%15.21%14.21%11.70%126.48%52.79%13.11%20.72%29.63%29.06%33.43%52.79%