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FedEx (BSP:FDXB34) Cyclically Adjusted Revenue per Share : R$1,520.45 (As of Feb. 2024)


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What is FedEx Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Feb. 2024 was R$431.360. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$1,520.45 for the trailing ten years ended in Feb. 2024.

During the past 12 months, FedEx's average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of FedEx was 13.70% per year. The lowest was 4.80% per year. And the median was 7.30% per year.

As of today (2024-04-27), FedEx's current stock price is R$1363.15. FedEx's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$1,520.45. FedEx's Cyclically Adjusted PS Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of FedEx was 1.69. The lowest was 0.54. And the median was 1.08.


FedEx Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for FedEx's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

FedEx Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 833.48 1,025.16 1,199.05 1,261.93 1,497.28

FedEx Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Revenue per Share 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 1,493.50 1,497.28 1,481.38 1,491.78 1,520.45

Competitive Comparison of FedEx's Cyclically Adjusted Revenue per Share

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 Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, FedEx's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=431.36/129.4194*129.4194
=431.360

Current CPI (Feb. 2024) = 129.4194.

FedEx Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 89.073 100.373 114.850
201408 91.713 100.352 118.278
201411 106.191 99.635 137.936
201502 114.996 99.032 150.282
201505 130.362 100.333 168.155
201508 150.929 100.548 194.267
201511 166.589 100.135 215.309
201602 182.420 100.040 235.993
201605 168.313 101.355 214.917
201608 174.899 101.617 222.752
201611 184.531 101.829 234.528
201702 171.868 102.779 216.417
201705 186.656 103.256 233.953
201708 177.029 103.587 221.176
201711 195.690 104.072 243.351
201802 196.780 105.052 242.424
201805 231.167 106.148 281.848
201808 249.333 106.383 303.324
201811 253.690 106.338 308.757
201902 240.882 106.649 292.312
201905 271.285 108.048 324.944
201908 261.706 108.245 312.901
201911 274.790 108.519 327.714
202002 290.137 109.139 344.051
202005 373.621 108.175 446.994
202008 401.737 109.662 474.116
202011 416.473 109.793 490.919
202102 431.252 110.968 502.957
202105 440.076 113.576 501.464
202108 426.152 115.421 477.837
202111 487.594 117.269 538.113
202202 463.756 119.703 501.400
202205 465.503 123.323 488.516
202208 456.004 124.958 472.286
202211 469.469 125.607 483.717
202302 453.965 126.928 462.877
202305 431.778 128.314 435.496
202308 418.358 129.538 417.977
202311 429.107 129.548 428.681
202402 431.360 129.419 431.360

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


FedEx  (BSP:FDXB34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1363.15/1520.45
=0.90

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of FedEx was 1.69. The lowest was 0.54. And the median was 1.08.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


FedEx Cyclically Adjusted Revenue per Share Related Terms

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


FedEx (BSP:FDXB34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (BSP:FDXB34) » Definitions » Cyclically Adjusted Revenue per Share
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 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes 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. TNT was previously the fourth-largest global parcel delivery provider.

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