FedEx
FDX
#270
Rank
$67.13 B
Marketcap
$272.82
Share price
0.99%
Change (1 day)
17.51%
Change (1 year)

P/E ratio for FedEx (FDX)

P/E ratio as of April 2024 (TTM): 16.6

According to FedEx's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6023. At the end of 2022 the company had a P/E ratio of 13.5.

P/E ratio history for FedEx from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202213.5-4.37%
202114.1-49.43%
202027.9-94.65%
20195215931.66%
20188.63-61.87%
201722.6-15.91%
201626.9-28.43%
201537.682.54%
201420.6-25.23%
201327.688.08%
201214.7-3.15%
201115.1-31.53%
201022.1-121.97%
2009-101-620.34%
200819.340.85%
200713.7-18.03%
200616.7-15.82%
200519.9-12.39%
200422.7-27.04%
200331.145.72%
200221.3-20.18%
200126.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
17.0 2.39%๐Ÿ‡บ๐Ÿ‡ธ USA
12.9-22.59%๐Ÿ‡บ๐Ÿ‡ธ USA
21.6 30.10%๐Ÿ‡บ๐Ÿ‡ธ USA
6.10-63.26%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.