Price to Earnings (P/E)
since 2005
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FedEx Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Aggregate Accruals
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Calculation
FedEx Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 15, 2024 | = | ÷ | = | ÷ | |||||||
| Jul 17, 2023 | = | ÷ | = | ÷ | |||||||
| Jul 18, 2022 | = | ÷ | = | ÷ | |||||||
| Jul 19, 2021 | = | ÷ | = | ÷ | |||||||
| Jul 20, 2020 | = | ÷ | = | ÷ | |||||||
| Jul 16, 2019 | = | ÷ | = | ÷ | |||||||
| Jul 16, 2018 | = | ÷ | = | ÷ | |||||||
| Jul 17, 2017 | = | ÷ | = | ÷ | |||||||
| Jul 18, 2016 | = | ÷ | = | ÷ | |||||||
| Jul 14, 2015 | = | ÷ | = | ÷ | |||||||
| Jul 14, 2014 | = | ÷ | = | ÷ | |||||||
| Jul 15, 2013 | = | ÷ | = | ÷ | |||||||
| Jul 16, 2012 | = | ÷ | = | ÷ | |||||||
| Jul 12, 2011 | = | ÷ | = | ÷ | |||||||
| Jul 15, 2010 | = | ÷ | = | ÷ | |||||||
| Jul 15, 2009 | = | ÷ | = | ÷ | |||||||
| Jul 16, 2008 | = | ÷ | = | ÷ | |||||||
| Jul 13, 2007 | = | ÷ | = | ÷ | |||||||
| Jul 14, 2006 | = | ÷ | = | ÷ | |||||||
| Jul 14, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of FedEx Corp. Annual Report.
- Share Price Trends
- The share price experienced considerable volatility over the period. Initially, it increased steadily from $83.40 in 2005 to a peak of $117.25 in 2007. This was followed by a significant decline, reaching a low of $57.36 in 2009, likely reflecting broader market or company-specific challenges. Subsequently, there was a general recovery trend with fluctuations, culminating in a pronounced increase between 2016 and 2018, peaking at $230.18. After a dip in 2019 and 2020, the share price rebounded strongly, reaching a new high of $305.02 in 2024. This suggests underlying growth or positive market sentiment in recent years.
- Earnings Per Share (EPS) Trends
- EPS demonstrated substantial variability throughout the timeline. Starting at $4.79 in 2005, EPS grew to $6.53 by 2007 but then experienced a sharp drop to $0.31 in 2009, indicating a challenging financial period potentially due to economic downturns or operational difficulties. The EPS recovered to levels above $6 by 2012, with marked growth thereafter, reaching a notable peak of $17.19 in 2018. Despite a setback in 2019, the EPS again increased markedly, peaking at $19.57 in 2021 before a slight decrease and stabilization above $15 in subsequent years up to 2024. This reflects overall improved profitability with some episodic volatility.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio showed significant fluctuations, reflecting the interplay between share price and earnings. Early ratios ranged around 17 to 21 from 2005 to 2008, but spiked dramatically to 182.81 in 2009 due to the very low EPS that year. Following this anomaly, P/E ratios normalized between approximately 14 and 23 for much of the next decade. A notable high P/E of 46.06 occurred in 2015, suggesting market expectations outpacing earnings growth at that time. From 2017 onward, the P/E ratio trended mostly downward, settling in the mid-teens by 2024. These variations indicate periods of both undervaluation and overvaluation relative to earnings, with recent years reflecting more balanced valuation levels.
Comparison to Competitors
FedEx Corp., P/E, long-term trends, comparison to competitors
| FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Jul 15, 2024 | |||||
| Jul 17, 2023 | |||||
| Jul 18, 2022 | |||||
| Jul 19, 2021 | |||||
| Jul 20, 2020 | |||||
| Jul 16, 2019 | |||||
| Jul 16, 2018 | |||||
| Jul 17, 2017 | |||||
| Jul 18, 2016 | |||||
| Jul 14, 2015 | |||||
| Jul 14, 2014 | |||||
| Jul 15, 2013 | |||||
| Jul 16, 2012 | |||||
| Jul 12, 2011 | |||||
| Jul 15, 2010 | |||||
| Jul 15, 2009 | |||||
| Jul 16, 2008 | |||||
| Jul 13, 2007 | |||||
| Jul 14, 2006 | |||||
| Jul 14, 2005 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Transportation)
FedEx Corp., P/E, long-term trends, comparison to sector (transportation)
| FedEx Corp. | Transportation | |
|---|---|---|
| Jul 15, 2024 | ||
| Jul 17, 2023 | ||
| Jul 18, 2022 | ||
| Jul 19, 2021 | ||
| Jul 20, 2020 | ||
| Jul 16, 2019 | ||
| Jul 16, 2018 | ||
| Jul 17, 2017 | ||
| Jul 18, 2016 | ||
| Jul 14, 2015 | ||
| Jul 14, 2014 | ||
| Jul 15, 2013 | ||
| Jul 16, 2012 | ||
| Jul 12, 2011 | ||
| Jul 15, 2010 | ||
| Jul 15, 2009 | ||
| Jul 16, 2008 | ||
| Jul 13, 2007 | ||
| Jul 14, 2006 | ||
| Jul 14, 2005 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Industrials)
FedEx Corp., P/E, long-term trends, comparison to industry (industrials)
| FedEx Corp. | Industrials | |
|---|---|---|
| Jul 15, 2024 | ||
| Jul 17, 2023 | ||
| Jul 18, 2022 | ||
| Jul 19, 2021 | ||
| Jul 20, 2020 | ||
| Jul 16, 2019 | ||
| Jul 16, 2018 | ||
| Jul 17, 2017 | ||
| Jul 18, 2016 | ||
| Jul 14, 2015 | ||
| Jul 14, 2014 | ||
| Jul 15, 2013 | ||
| Jul 16, 2012 | ||
| Jul 12, 2011 | ||
| Jul 15, 2010 | ||
| Jul 15, 2009 | ||
| Jul 16, 2008 | ||
| Jul 13, 2007 | ||
| Jul 14, 2006 | ||
| Jul 14, 2005 |
Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).