GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (LIM:FDX) » Definitions » Cyclically Adjusted PS Ratio

FedEx (LIM:FDX) Cyclically Adjusted PS Ratio : 0.68 (As of Jun. 30, 2025)


View and export this data going back to 2020. Start your Free Trial

What is FedEx Cyclically Adjusted PS Ratio?

As of today (2025-06-30), FedEx's current share price is $231.30. FedEx's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2025 was $339.87. FedEx's Cyclically Adjusted PS Ratio for today is 0.68.

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

LIM:FDX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.54   Med: 0.99   Max: 1.69
Current: 0.67

During the past years, FedEx's highest Cyclically Adjusted PS Ratio was 1.69. The lowest was 0.54. And the median was 0.99.

LIM:FDX's Cyclically Adjusted PS Ratio is ranked better than
59.65% of 684 companies
in the Transportation industry
Industry Median: 0.94 vs LIM:FDX: 0.67

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. 2025 was $92.763. 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 $339.87 for the trailing ten years ended in May. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

FedEx Cyclically Adjusted PS Ratio Chart

FedEx Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 0.85 0.74 0.80 0.64

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 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 0.80 0.93 0.93 0.79 0.64

Competitive Comparison of FedEx's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.


;
;

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
=231.30/339.87
=0.68

* 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. 2025 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=92.763/135.3468*135.3468
=92.763

Current CPI (May. 2025) = 135.3468.

FedEx Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201508 42.934 100.548 57.793
201511 44.004 100.135 59.478
201602 46.015 100.040 62.255
201605 47.542 101.355 63.486
201608 54.509 101.617 72.602
201611 55.300 101.829 73.502
201702 55.339 102.779 72.875
201705 58.252 103.256 76.356
201708 56.239 103.587 73.482
201711 59.974 104.072 77.997
201802 60.535 105.052 77.992
201805 63.654 106.148 81.164
201808 63.390 106.383 80.648
201811 67.008 106.338 85.288
201902 64.677 106.649 82.081
201905 67.966 108.048 85.138
201908 65.069 108.245 81.361
201911 66.122 108.519 82.469
202002 66.744 109.139 82.771
202005 66.252 108.175 82.893
202008 73.464 109.662 90.670
202011 76.442 109.793 94.233
202102 79.667 110.968 97.169
202105 83.266 113.576 99.227
202108 81.192 115.421 95.209
202111 87.590 117.269 101.092
202202 89.211 119.703 100.870
202205 93.823 123.323 102.971
202208 88.710 124.958 96.085
202211 89.117 125.607 96.027
202302 87.625 126.928 93.437
202305 86.680 128.314 91.431
202308 85.358 129.538 89.186
202311 87.609 129.548 91.530
202402 86.952 130.930 89.885
202405 89.149 132.509 91.058
202408 87.364 132.816 89.029
202411 90.029 133.110 91.542
202502 91.570 134.624 92.062
202505 92.763 135.347 92.763

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.


FedEx  (LIM:FDX) 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

Thank you for viewing the detailed overview of FedEx's Cyclically Adjusted PS 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.