Stock Analysis on Net

FedEx Corp. (NYSE:FDX)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

Calculation

FedEx Corp., P/S, long-term trends, calculation

Microsoft Excel

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
The share price exhibited notable volatility over the analyzed period. It started at $83.40 in mid-2005, reaching a peak of $117.25 in mid-2007 before declining significantly to $57.36 in mid-2009 amid broader economic challenges. Subsequently, the price showed a general upward trend, surpassing $100 in 2013 and experiencing a substantial rise to $230.18 by mid-2018. After some fluctuations, including a decline to $164.13 in mid-2020, the share price recovered strongly, reaching a high of $305.02 in mid-2024.
Sales Per Share
Sales per share demonstrated a consistent increasing trend throughout the period. Beginning at $97.03 in 2005, it gradually increased year over year, reaching $159.65 in 2014 and continuing to climb to $358.95 by mid-2024. The growth indicates steady revenue expansion relative to the number of shares outstanding.
Price-to-Sales (P/S) Ratio
The P/S ratio showed considerable variability, ranging from a high of 1.03 in 2006 and 2007 to lows around 0.5 during the economic downturn of 2009 and comparable lows in 2020 and 2022. The ratio tended to fluctuate between approximately 0.6 and 1.0 with no clear long-term upward or downward trend. These oscillations suggest that market valuation relative to sales fluctuated in response to external market conditions and investor sentiment, rather than steady revaluation of the company’s sales performance.
Overall Analysis
The company’s share price and sales per share have generally trended upward over the timeframe, reflecting growth in business scale and market valuation recovery following periods of economic stress. However, the P/S ratio’s volatility indicates that while sales have grown consistently, investor valuation per unit of sales has been affected by broader market cycles and potentially changing expectations of profitability or growth. This pattern suggests a stable operational performance paired with a market valuation sensitive to external factors.

Comparison to Competitors

FedEx Corp., P/S, long-term trends, comparison to competitors

Microsoft Excel

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)


Comparison to Industry (Industrials)