FedEx (XSWX:FDX) Cyclically Adjusted PS Ratio: 0.92 (As of Jul. 03, 2026) — 24% Above Median


XSWX:FDX FedEx Corp XSWX:FDX
83 GF Score
Price CHF252.80
GF Value CHF186.98
! 9 Warning Signs
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What is FedEx Cyclically Adjusted PS Ratio?

FedEx XSWX:FDX 83 Cyclically Adjusted PS Ratio is 0.92 as of Jul. 03, 2026, which is 24% above its 10-year median of 0.74. GuruFocus rates XSWX:FDX with a GF Score™ of 83/100 and a GF Value™ of CHF186.98. The stock has 9 warning signs investors should review. Among 752 Transportation companies, FedEx ranks better than 51.46% on this metric.

As of today (2026-07-03), FedEx's current share price is CHF252.80. FedEx's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was CHF275.88. FedEx's Cyclically Adjusted PS Ratio for today is 0.92.

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

XSWX:FDX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.74   Max: 1.36
Current: 0.88

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.

XSWX:FDX's Cyclically Adjusted PS Ratio is ranked better than
51.46% of 752 companies
in the Transportation industry
Industry Median: 0.905 vs XSWX:FDX: 0.88

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 Feb. 2026 was CHF77.613. 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 CHF275.88 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx  (XSWX: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


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 May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 1.12 0.68 0.60 0.64

FedEx Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.63 0.52 0.54 0.63 0.87

XSWX:FDX 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.


XSWX:FDX
83GF Score
FedEx Corp XSWX:FDX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=252.80/275.88
=0.92

* 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 Feb. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=77.613/326.7850*326.7850
=77.613

Current CPI (Feb. 2026) = 326.7850.

FedEx Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 46.482 240.229 63.230
201608 52.934 240.849 71.821
201611 55.095 241.353 74.597
201702 55.395 243.603 74.310
201705 57.477 244.733 76.747
201708 54.287 245.519 72.256
201711 59.464 246.669 78.777
201802 56.630 248.991 74.323
201805 63.457 251.588 82.424
201808 62.630 252.146 81.169
201811 67.081 252.038 86.975
201902 64.767 252.776 83.730
201905 68.693 256.092 87.655
201908 63.683 256.558 81.115
201911 65.653 257.208 83.413
202002 65.156 258.678 82.311
202005 64.211 256.394 81.840
202008 66.845 259.918 84.042
202011 69.639 260.229 87.450
202102 71.533 263.014 88.877
202105 75.164 269.195 91.244
202108 74.266 273.567 88.713
202111 80.696 277.948 94.875
202202 82.324 283.716 94.821
202205 91.984 292.296 102.838
202208 84.931 296.171 93.710
202211 86.087 297.711 94.494
202302 81.123 300.840 88.119
202305 77.812 304.127 83.609
202308 74.970 307.026 79.795
202311 77.989 307.051 83.001
202402 76.266 310.326 80.311
202405 81.019 314.069 84.299
202408 74.950 314.796 77.804
202411 79.306 315.493 82.144
202502 82.725 319.082 84.722
202505 76.835 321.465 78.107
202508 75.312 323.976 75.965
202511 79.924 324.122 80.581
202602 77.613 326.785 77.613

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 0.92 mean?
FedEx (XSWX:FDX) has a Cyclically Adjusted PS Ratio of 0.92 as of Jul. 03, 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 24% above 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 #365 out of 752 companies in the Transportation industry, placing it in the top 48.5%.
Is FedEx's Cyclically Adjusted PS Ratio too high?
FedEx's current Cyclically Adjusted PS Ratio of 0.92 is 24% above 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 0.91. FedEx's value of 0.92 is 1.7% above this industry median. Based on the distribution chart, FedEx ranks #365 out of 752 companies in the Transportation industry, which is above the industry midpoint. Overall, FedEx has a GF Score™ of 83/100, 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 #365 out of 752 companies for Cyclically Adjusted PS Ratio. This puts FedEx in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. FedEx's value of 0.92 is 1.7% above 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 0.91, FedEx has consistently been above 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 0.91, based on 752 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 0.92 is 1.7% above 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 0.91 — 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 0.92, which is 24% above 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?
FedEx (XSWX:FDX) has a current Cyclically Adjusted PS Ratio of 0.92. The stock's GF Value™ is CHF186.98, compared to a current price of CHF252.80 — trading 35.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.92, which is 24% above median its 10-year median of 0.74 and 1.7% above the Transportation industry median of 0.91. FedEx's overall GF Score™ is 83/100 with 9 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 (XSWX:FDX), the current Cyclically Adjusted PS Ratio is 0.92 as of Jul. 03, 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 (XSWX:FDX) Overvalued in 2026?

Based on GuruFocus' analysis, FedEx stock appears to be overvalued. The current stock price of CHF252.80 is trading 35.2% above its estimated GF Value™ of CHF186.98.

Key valuation signals for XSWX:FDX:

  • Cyclically Adjusted PS Ratio: 0.92 (24% above median its 10-year median of 0.74)
  • GF Value™: CHF186.98 vs. price of CHF252.80 (35.2% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 1.7% above the Transportation median (#365 of 752)

No single metric tells the full story. See the XSWX:FDX 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.
83GF Score

Get the complete analysis for XSWX:FDX

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

CHF252.80
Price
CHF186.98
GF Value