FedExXSWX:FDX +0.08%81 Debt-to-EBITDA is 3.85 as of Feb. 2026, which is 15% above its 10-year median of 3.35. GuruFocus rates XSWX:FDX with a GF Score™ of 81/100 and a GF Value™ of CHF187.41. The stock has 8 warning signs investors should review. Among 866 Transportation companies, FedEx ranks worse than 65.13% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for FedEx's Debt-to-EBITDA or its related term are showing as below:
XSWX:FDX'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.63 Med: 3.35 Max: 6.07
Current: 3.81
During the past 13 years, the highest Debt-to-EBITDA Ratio of FedEx was 6.07. The lowest was 1.63. And the median was 3.35.
XSWX:FDX's Debt-to-EBITDA is ranked worse than 65.13% of 866
companies
in the Transportation industry
Industry Median: 2.64
vs XSWX:FDX: 3.81
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
FedEx Debt-to-EBITDA Related Terms
FedEx Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for FedEx's Debt-to-EBITDA 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.
XSWX:FDX vs UPS, JBHT, FDXF: Debt-to-EBITDA Comparison
For the Integrated Freight & Logistics subindustry, FedEx's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, FedEx's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where FedEx's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Feb. 2026) EBITDA data.
FedEx (XSWX:FDX) has a Debt-to-EBITDA of 3.85 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on FedEx. This is 15% above median its historical median of 3.35. Over the past decade, FedEx's Debt-to-EBITDA has ranged from 1.63 to 6.07. According to the industry distribution chart, FedEx ranks #564 out of 866 companies in the Transportation industry, placing it in the top 65.1%.
Is FedEx's Debt-to-EBITDA too high?
FedEx's current Debt-to-EBITDA of 3.85 is 15% above median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 6.07. The Transportation industry median Debt-to-EBITDA is 2.64. FedEx's value of 3.85 is 45.8% above this industry median. Based on the distribution chart, FedEx ranks #564 out of 866 companies in the Transportation industry, which is below the industry midpoint. Overall, FedEx has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does FedEx's Debt-to-EBITDA compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #564 out of 866 companies for Debt-to-EBITDA. This places FedEx in the lower half of its industry. The industry median Debt-to-EBITDA is 2.64. FedEx's value of 3.85 is 45.8% above this benchmark. Historically, FedEx's own Debt-to-EBITDA has ranged from 1.63 to 6.07 over the past decade. While the company's 10-year median is 3.35 vs. the industry median of 2.64, 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 Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 866 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current Debt-to-EBITDA of 3.85 is 45.8% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on FedEx. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current Debt-to-EBITDA is 3.85, which is 15% above median its own 10-year median of 3.35. 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 Debt-to-EBITDA of 3.85. The stock's GF Value™ is CHF187.41, compared to a current price of CHF251.05 — trading 34% above its estimated fair value. The current Debt-to-EBITDA is 3.85, which is 15% above median its 10-year median of 3.35 and 45.8% above the Transportation industry median of 2.64. FedEx's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For FedEx (XSWX:FDX), the current Debt-to-EBITDA is 3.85 as of Feb. 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 CHF251.05 is trading 34% above its estimated GF Value™ of CHF187.41.
Key valuation signals for XSWX:FDX:
Debt-to-EBITDA: 3.85 (15% above median its 10-year median of 3.35)
GF Value™: CHF187.41 vs. price of CHF251.05 (34% above fair value)
Industry Position: 45.8% above the Transportation median (#564 of 866)
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 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.
81GF Score
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