Question 1

What is FedEx's P/S ratio?

Accepted Answer

FedEx (FDX) P/S ratio is 0.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for FedEx?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For FedEx specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is FedEx's P/S ratio high or low?

Accepted Answer

FedEx's P/S ratio of 0.9× is above its own 5-year average of 0.6× and below the sector median of 3.1×. That places the current reading at the 89th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is FedEx's historical P/S ratio range?

Accepted Answer

In the available daily series, FedEx (FDX) P/S ratio has ranged from a low of 0.3× in 2009 to a high of 1.1× in 2026. The 5-year average is 0.6× and the 5-year median is 0.6×.

Question 7

What was FedEx's P/S ratio in 2025?

Accepted Answer

FedEx (FDX) P/S ratio at the end of 2025 was 0.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does FedEx's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$41.80B	$87.93B	0.5×	-0.1×	May 31, 2025
2024	$50.32B	$87.69B	0.6×	+0.1×	May 31, 2024
2023	$44.09B	$90.16B	0.5×	-0.0×	May 31, 2023
2022	$47.20B	$93.38B	0.5×	-0.3×	May 31, 2022
2021	$67.83B	$83.86B	0.8×	+0.4×	May 31, 2021
2020	$27.26B	$69.22B	0.4×	-0.1×	May 31, 2020
2019	$32.30B	$69.69B	0.5×	-0.4×	May 31, 2019
2018	$53.35B	$65.45B	0.8×	+0.1×	May 31, 2018
2017	$41.87B	$60.32B	0.7×	-0.0×	May 31, 2017
2016	$35.27B	$50.37B	0.7×	-0.1×	May 31, 2016
2015	$39.88B	$47.45B	0.8×	+0.1×	May 31, 2015
2014	$33.13B	$45.57B	0.7×	+0.2×	May 31, 2014
2013	$24.56B	$44.29B	0.6×	+0.0×	May 31, 2013
2012	$22.61B	$42.68B	0.5×	-0.1×	May 31, 2012
2011	$23.90B	$39.30B	0.6×	+0.0×	May 31, 2011
2010	$20.42B	$34.73B	0.6×	+0.2×	May 31, 2010
2009	$14.50B	$35.50B	0.4×	-0.2×	May 31, 2009
2008	$22.82B	$37.95B	0.6×	-0.2×	May 31, 2008
2007	$27.78B	$35.21B	0.8×	-0.0×	May 31, 2007
2006	$26.91B	$32.29B	0.8×	+0.1×	May 31, 2006
2005	$21.83B	$29.36B	0.7×	+0.0×	May 31, 2005
2004	$17.79B	$24.71B	0.7×	+0.0×	May 31, 2004
2003	$15.36B	$22.49B	0.7×	+0.1×	May 31, 2003
2002	$13.00B	$20.61B	0.6×	—	May 31, 2002


Lockheed Martin (LMT)	1.8×
Boeing (BA)	1.8×
General Dynamics (GD)	1.8×
Expeditors International (EXPD)	1.7×
Gartner (IT)	1.7×
J.B. Hunt Transport Services (JBHT)	1.7×
Pool (POOL)	1.4×
C.H. Robinson Worldwide (CHRW)	1.2×
Alamo Group (ALG)	1.2×
Huntington Ingalls Industries (HII)	1.2×
Jacobs Solutions (J)	1.1×
Textron (TXT)	1.0×
Tennant (TNC)	1.0×
United Parcel Service (UPS)	0.9×
AGCO (AGCO)	0.8×
Versant Media Group, Inc. Class A (VSNT)	0.8×
Stanley Black & Decker (SWK)	0.7×
Matthews International (MATW)	0.7×
Delta Air Lines (DAL)	0.7×
Southwest Airlines (LUV)	0.6×
Builders FirstSource (BLDR)	0.6×
United Airlines Holdings (UAL)	0.5×
Amentum Holdings (AMTM)	0.5×
Alaska Air Group (ALK)	0.3×
ABM Industries (ABM)	0.3×

P/S Ratio for FedEx (FDX)

P/S Ratio daily chart for FedEx (FDX)

Historical P/S Ratio for FedEx (FDX) from 2002 to 2025

About P/S Ratio at FedEx (FDX)

FedEx P/S Ratio by Year

FedEx P/S Ratio 2025: 0.5×

FedEx P/S Ratio 2024: 0.6×

FedEx P/S Ratio 2023: 0.5×

FedEx P/S Ratio 2022: 0.5×

FedEx P/S Ratio 2021: 0.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

FedEx (FDX) Key Financials

P/S Ratio daily chart for FedEx (FDX)

Historical P/S Ratio for FedEx (FDX) from 2002 to 2025

About P/S Ratio at FedEx (FDX)

FedEx P/S Ratio by Year

FedEx P/S Ratio 2025: 0.5×

FedEx P/S Ratio 2024: 0.6×

FedEx P/S Ratio 2023: 0.5×

FedEx P/S Ratio 2022: 0.5×

FedEx P/S Ratio 2021: 0.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is FedEx's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for FedEx?

+Is FedEx's P/S ratio high or low?

+What is FedEx's historical P/S ratio range?

+What was FedEx's P/S ratio in 2025?

+Why does FedEx's P/S ratio change over time?

FedEx (FDX) Key Financials