Price to Operating Profit (P/OP)
since 2005
Difficulty: Beginner
Calculation
FedEx Corp., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | |
|---|---|---|---|---|---|---|---|---|---|---|
| May 31, 2005 | 10.21 | = | 83.40 | ÷ | 8.17 | 8.17 | = | 2,471 | ÷ | 302,630,105 |
| May 31, 2006 | 11.08 | = | 109.01 | ÷ | 9.84 | 9.84 | = | 3,014 | ÷ | 306,410,446 |
| May 31, 2007 | 11.05 | = | 117.25 | ÷ | 10.61 | 10.61 | = | 3,276 | ÷ | 308,769,004 |
| May 31, 2008 | 11.54 | = | 76.96 | ÷ | 6.67 | 6.67 | = | 2,075 | ÷ | 311,187,628 |
| May 31, 2009 | 23.98 | = | 57.36 | ÷ | 2.39 | 2.39 | = | 747 | ÷ | 312,334,216 |
| May 31, 2010 | 12.16 | = | 77.22 | ÷ | 6.35 | 6.35 | = | 1,998 | ÷ | 314,540,141 |
| May 31, 2011 | 12.54 | = | 94.08 | ÷ | 7.50 | 7.50 | = | 2,378 | ÷ | 317,027,077 |
| May 31, 2012 | 9.13 | = | 91.92 | ÷ | 10.06 | 10.06 | = | 3,186 | ÷ | 316,599,754 |
| May 31, 2013 | 12.87 | = | 103.70 | ÷ | 8.06 | 8.06 | = | 2,551 | ÷ | 316,584,465 |
| May 31, 2014 | 12.51 | = | 151.07 | ÷ | 12.07 | 12.07 | = | 3,446 | ÷ | 285,423,144 |
| May 31, 2015 | 25.90 | = | 171.24 | ÷ | 6.61 | 6.61 | = | 1,867 | ÷ | 282,430,208 |
| May 31, 2016 | 13.87 | = | 160.76 | ÷ | 11.59 | 11.59 | = | 3,077 | ÷ | 265,524,323 |
| May 31, 2017 | 11.48 | = | 215.48 | ÷ | 18.78 | 18.78 | = | 5,037 | ÷ | 268,257,434 |
| May 31, 2018 | 12.57 | = | 230.18 | ÷ | 18.31 | 18.31 | = | 4,870 | ÷ | 265,924,840 |
1 USD $
2 Data adjusted for splits and stock dividends.
3 Close price on the filing date of FedEx Corp.'s Annual Report.
Source: Based on data from FedEx Corp. Annual Reports
Comparison to Competitors
FedEx Corp., P/OP, long-term trends, comparison to competitors
| FedEx Corp. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|
| May 31, 2005 | 10.21 | 13.19 | 13.88 |
| May 31, 2006 | 11.08 | 9.75 | 11.27 |
| May 31, 2007 | 11.05 | 9.75 | 125.70 |
| May 31, 2008 | 11.54 | 6.09 | 7.62 |
| May 31, 2009 | 23.98 | 9.25 | 15.34 |
| May 31, 2010 | 12.16 | 9.29 | 12.40 |
| May 31, 2011 | 12.54 | 9.74 | 12.11 |
| May 31, 2012 | 9.13 | 9.26 | 58.68 |
| May 31, 2013 | 12.87 | 10.81 | 12.57 |
| May 31, 2014 | 12.51 | 12.26 | 18.48 |
| May 31, 2015 | 25.90 | 7.89 | 11.27 |
| May 31, 2016 | 13.87 | 12.14 | 17.14 |
| May 31, 2017 | 11.48 | 12.30 | 11.98 |
| May 31, 2018 | 12.57 | – | – |
Source: Based on data from FedEx Corp. Annual Reports