FedEx (BSP:FDXB34) Cyclically Adjusted PS Ratio: 0.73 (As of Aug. 26, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:FDXB34 FedEx Corp BSP:FDXB34
69 GF Score
Price R$1,688.40
GF Value R$1,497.54
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is FedEx Cyclically Adjusted PS Ratio?

FedEx BSP:FDXB34 69 Cyclically Adjusted PS Ratio is 0.73 as of Aug. 26, 2026, which is 1% below its 10-year median of 0.74. GuruFocus rates BSP:FDXB34 with a GF Score™ of 69/100 and a GF Value™ of R$1,497.54 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 761 Transportation companies, FedEx ranks better than 51.12% on this metric.

As of today (2026-08-26), FedEx's current share price is R$1688.40. FedEx's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was R$2,316.58. FedEx's Cyclically Adjusted PS Ratio for today is 0.73.

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

BSP:FDXB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.74   Max: 1.36
Current: 0.9

During the past years, FedEx's highest Cyclically Adjusted PS Ratio was 1.36. The lowest was 0.43. And the median was 0.74.

BSP:FDXB34's Cyclically Adjusted PS Ratio is ranked better than
51.12% of 761 companies
in the Transportation industry
Industry Median: 0.93 vs BSP:FDXB34: 0.90

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

FedEx's adjusted revenue per share data for the three months ended in May. 2026 was R$514.762. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$2,316.58 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx  (BSP:FDXB34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


FedEx Cyclically Adjusted PS Ratio Related Terms


FedEx Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FedEx's Cyclically Adjusted PS 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.

FedEx Cyclically Adjusted PS Ratio Chart

FedEx Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.60 0.64 0.52 0.90

FedEx Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted PS 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 0.52 0.54 0.63 0.87 0.90

BSP:FDXB34 vs UPS, JBHT, FDXF: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, FedEx's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


BSP:FDXB34
69GF Score
FedEx Corp BSP:FDXB34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FedEx Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1688.40/2316.58
=0.73

* 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 Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, FedEx's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=514.762/335.1230*335.1230
=514.762

Current CPI (May. 2026) = 335.1230.

FedEx Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 174.899 240.849 243.359
201611 184.531 241.353 256.225
201702 171.868 243.603 236.438
201705 186.656 244.733 255.596
201708 177.029 245.519 241.637
201711 195.690 246.669 265.863
201802 196.780 248.991 264.851
201805 231.167 251.588 307.922
201808 249.333 252.146 331.384
201811 253.690 252.038 337.320
201902 240.882 252.776 319.354
201905 271.285 256.092 355.005
201908 261.706 256.558 341.847
201911 274.790 257.208 358.031
202002 290.137 258.678 375.879
202005 373.621 256.394 488.346
202008 401.737 259.918 517.976
202011 416.473 260.229 536.334
202102 431.252 263.014 549.486
202105 440.076 269.195 547.854
202108 426.152 273.567 522.042
202111 487.594 277.948 587.894
202202 463.756 283.716 547.785
202205 465.503 292.296 533.708
202208 456.004 296.171 515.977
202211 469.469 297.711 528.465
202302 453.965 300.840 505.698
202305 431.778 304.127 475.784
202308 418.358 307.026 456.643
202311 429.107 307.051 468.338
202402 431.360 310.326 465.828
202405 457.942 314.069 488.641
202408 485.021 314.796 516.340
202411 521.815 315.493 554.282
202502 527.793 319.082 554.326
202505 524.614 321.465 546.903
202508 508.948 323.976 526.459
202511 531.185 324.122 549.214
202602 522.055 326.785 535.375
202605 514.762 335.123 514.762

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 0.73 mean?
FedEx (BSP:FDXB34) has a Cyclically Adjusted PS Ratio of 0.73 as of Aug. 26, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on FedEx and its competitors. This is near median its historical median of 0.74. Over the past decade, FedEx's Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.36. According to the industry distribution chart, FedEx ranks #372 out of 761 companies in the Transportation industry, placing it in the top 48.9%.
Is FedEx's Cyclically Adjusted PS Ratio too high?
FedEx's current Cyclically Adjusted PS Ratio of 0.73 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.36. The Transportation industry median Cyclically Adjusted PS Ratio is 0.93. FedEx's value of 0.73 is 21.5% below this industry median. Based on the distribution chart, FedEx ranks #372 out of 761 companies in the Transportation industry, which is above the industry midpoint. Overall, FedEx has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FedEx's Cyclically Adjusted PS Ratio compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #372 out of 761 companies for Cyclically Adjusted PS Ratio. This puts FedEx in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.93. FedEx's value of 0.73 is 21.5% below this benchmark. Historically, FedEx's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.36 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.93, FedEx has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.93, based on 761 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current Cyclically Adjusted PS Ratio of 0.73 is 21.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on FedEx and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current Cyclically Adjusted PS Ratio is 0.73, which is near median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FedEx stock overvalued right now?
Based on GuruFocus' analysis, FedEx (BSP:FDXB34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$1,497.54, compared to a current price of R$1,688.40 — trading 12.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.73, which is near median its 10-year median of 0.74 and 21.5% below the Transportation industry median of 0.93. FedEx's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For FedEx (BSP:FDXB34), the current Cyclically Adjusted PS Ratio is 0.73 as of Aug. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FedEx (BSP:FDXB34) Overvalued in 2026?

Based on GuruFocus' analysis, FedEx stock appears to be overvalued. The current stock price of R$1,688.40 is trading 12.7% above its estimated GF Value™ of R$1,497.54. GuruFocus considers FedEx to be Modestly Overvalued.

Key valuation signals for BSP:FDXB34:

  • Cyclically Adjusted PS Ratio: 0.73 (near median its 10-year median of 0.74)
  • GF Value™: R$1,497.54 vs. price of R$1,688.40 (12.7% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 21.5% below the Transportation median (#372 of 761)

No single metric tells the full story. See the BSP:FDXB34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FedEx Business Description

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. Following the June 2026 spinoff of FedEx Freight (less-than-truckload shipping), the firm's Federal Express segment—which houses the core package delivery operations—makes up more than 95% of total revenue (previously 87%). The remainder stems 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.
69GF Score

Get the complete analysis for BSP:FDXB34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$1,688.40
Price
R$1,497.54
GF Value