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FedEx (FDX) Cyclically Adjusted Price-to-FCF : 36.60 (As of Jul. 13, 2025)


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What is FedEx Cyclically Adjusted Price-to-FCF?

As of today (2025-07-13), FedEx's current share price is $236.06. FedEx's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2025 was $6.45. FedEx's Cyclically Adjusted Price-to-FCF for today is 36.60.

The historical rank and industry rank for FedEx's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FDX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.31   Med: 76.06   Max: 210.03
Current: 36.57

During the past years, FedEx's highest Cyclically Adjusted Price-to-FCF was 210.03. The lowest was 33.31. And the median was 76.06.

FDX's Cyclically Adjusted Price-to-FCF is ranked worse than
76.39% of 415 companies
in the Transportation industry
Industry Median: 16.59 vs FDX: 36.57

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

FedEx's adjusted free cash flow per share data for the three months ended in May. 2025 was $4.367. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $6.45 for the trailing ten years ended in May. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FedEx's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

FedEx Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.57 58.83 48.51 45.53 33.79

FedEx Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
Cyclically Adjusted Price-to-FCF 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 45.53 52.97 51.66 42.20 33.79

Competitive Comparison of FedEx's Cyclically Adjusted Price-to-FCF

For the Integrated Freight & Logistics subindustry, FedEx's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where FedEx's Cyclically Adjusted Price-to-FCF falls into.


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FedEx Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

FedEx's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=236.06/6.45
=36.60

* 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 FCF per Share for the quarter that ended in May. 2025 is calculated as:

For example, FedEx's adjusted Free Cash Flow per Share data for the three months ended in May. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=4.367/135.3468*135.3468
=4.367

Current CPI (May. 2025) = 135.3468.

FedEx Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201508 0.112 100.548 0.151
201511 -0.495 100.135 -0.669
201602 1.244 100.040 1.683
201605 2.403 101.355 3.209
201608 -0.907 101.617 -1.208
201611 0.733 101.829 0.974
201702 -4.055 102.779 -5.340
201705 3.552 103.256 4.656
201708 -1.669 103.587 -2.181
201711 -2.460 104.072 -3.199
201802 -6.260 105.052 -8.065
201805 6.776 106.148 8.640
201808 -1.777 106.383 -2.261
201811 0.086 106.338 0.109
201902 0.080 106.649 0.102
201905 2.126 108.048 2.663
201908 -3.256 108.245 -4.071
201911 -1.294 108.519 -1.614
202002 -0.897 109.139 -1.112
202005 2.504 108.175 3.133
202008 4.665 109.662 5.758
202011 4.375 109.793 5.393
202102 2.911 110.968 3.551
202105 3.915 113.576 4.665
202108 1.897 115.421 2.224
202111 1.586 117.269 1.830
202202 3.819 119.703 4.318
202205 4.300 123.323 4.719
202208 1.233 124.958 1.336
202211 -1.328 125.607 -1.431
202302 3.945 126.928 4.207
202305 6.692 128.314 7.059
202308 3.701 129.538 3.867
202311 1.854 129.548 1.937
202402 0.924 130.930 0.955
202405 6.032 132.509 6.161
202408 1.700 132.816 1.732
202411 2.049 133.110 2.083
202502 4.194 134.624 4.217
202505 4.367 135.347 4.367

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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  (NYSE:FDX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


FedEx Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of FedEx's Cyclically Adjusted Price-to-FCF 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.
Executives
Frederick W Smith director, officer: CHAIRMAN OF THE BOARD 942 S SHADY GROVE RD, MEMPHIS TN 38120
John Alan Smith officer: President & CEO/FedEx Freight 1715 AARON BRENNER DRIVE, MEMPHIS TN 38120
Susan C Schwab director 2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith officer: President/CEO FedEx Express 3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
John W Dietrich officer: EVP CHIEF FINANCIAL OFF
Amy B Lane director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Brie Carere officer: EVP/Chief Mkt & Comm Officer 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Sriram Krishnasamy officer: EVP - CTO & CEO Dataworks 1715 AARON BRENNER DRIVE, MEMPHIS TN 38120
Marvin R Ellison director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Erwin Guy M Ii officer: STAFF VP INT PRIN ACCT OFFICER 942 S SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner director 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
Mark R Allen officer: EVP GENL COUNSEL/SECTY 942 SOUTH SHADY GROVE RD, MEMPHIS TN 38120
Robert B Carter officer: EVP CHIEF INFO OFFICER 942 S SHADY GROVE RD, MEMPHIS TN 38120
Paul S Walsh director 8 HENRIETTA PLACE, LONDON X0 94111
Tracy B Brightman officer: EVP - Chief People Officer 942 S SHADY GROVE ROAD, MEMPHIS TN 38120