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FedEx (MEX:FDX) Cyclically Adjusted PB Ratio : 2.20 (As of Jun. 01, 2025)


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What is FedEx Cyclically Adjusted PB Ratio?

As of today (2025-06-01), FedEx's current share price is MXN4230.50. FedEx's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was MXN1,919.22. FedEx's Cyclically Adjusted PB Ratio for today is 2.20.

The historical rank and industry rank for FedEx's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:FDX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 3.12   Max: 4.98
Current: 2.33

During the past years, FedEx's highest Cyclically Adjusted PB Ratio was 4.98. The lowest was 1.73. And the median was 3.12.

MEX:FDX's Cyclically Adjusted PB Ratio is ranked worse than
75.32% of 713 companies
in the Transportation industry
Industry Median: 1.24 vs MEX:FDX: 2.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

FedEx's adjusted book value per share data for the three months ended in Feb. 2025 was MXN2,287.958. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN1,919.22 for the trailing ten years ended in Feb. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FedEx's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FedEx Cyclically Adjusted PB Ratio Chart

FedEx Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 4.68 2.94 2.63 2.85

FedEx Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.86 2.85 3.30 3.30 2.81

Competitive Comparison of FedEx's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, FedEx's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FedEx's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FedEx's Cyclically Adjusted PB Ratio falls into.


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FedEx Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

FedEx's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4230.50/1919.22
=2.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FedEx's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 is calculated as:

For example, FedEx's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book=Book Value per Share/CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=2287.958/134.6241*134.6241
=2,287.958

Current CPI (Feb. 2025) = 134.6241.

FedEx Quarterly Data

Book Value per Share CPI Adj_Book
201505 815.864 100.333 1,094.710
201508 905.547 100.548 1,212.439
201511 902.859 100.135 1,213.832
201602 964.344 100.040 1,297.724
201605 955.864 101.355 1,269.617
201608 1,003.911 101.617 1,330.003
201611 1,115.360 101.829 1,474.568
201702 1,135.641 102.779 1,487.513
201705 1,117.741 103.256 1,457.306
201708 1,102.349 103.587 1,432.637
201711 1,186.287 104.072 1,534.537
201802 1,332.157 105.052 1,707.159
201805 1,460.298 106.148 1,852.054
201808 1,397.943 106.383 1,769.048
201811 1,500.207 106.338 1,899.274
201902 1,470.816 106.649 1,856.627
201905 1,337.998 108.048 1,667.101
201908 1,397.204 108.245 1,737.706
201911 1,396.501 108.519 1,732.444
202002 1,422.146 109.139 1,754.232
202005 1,548.364 108.175 1,926.936
202008 1,621.636 109.662 1,990.762
202011 1,599.329 109.793 1,961.031
202102 1,734.261 110.968 2,103.962
202105 1,801.653 113.576 2,135.535
202108 1,837.831 115.421 2,143.603
202111 2,019.247 117.269 2,318.079
202202 1,930.735 119.703 2,171.407
202205 1,888.809 123.323 2,061.899
202208 1,940.520 124.958 2,090.634
202211 1,850.304 125.607 1,983.128
202302 1,805.145 126.928 1,914.603
202305 1,843.370 128.314 1,934.015
202308 1,781.563 129.538 1,851.520
202311 1,861.119 129.548 1,934.042
202402 1,828.279 130.930 1,879.864
202405 1,918.644 132.509 1,949.268
202408 2,194.065 132.816 2,223.937
202411 2,239.038 133.110 2,264.508
202502 2,287.958 134.624 2,287.958

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


FedEx  (MEX:FDX) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


FedEx Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of FedEx's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


FedEx Business Description

Industry
Address
942 South Shady Grove Road, Memphis, TN, USA, 38120
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.