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FedEx (BUE:FDX) E10 : ARS1,396.94 (As of Nov. 2024)


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What is FedEx E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

FedEx's adjusted earnings per share data for the three months ended in Nov. 2024 was ARS5,999.400. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS1,396.94 for the trailing ten years ended in Nov. 2024.

During the past 12 months, FedEx's average E10 Growth Rate was 6.70% per year. During the past 3 years, the average E10 Growth Rate was 13.00% per year. During the past 5 years, the average E10 Growth Rate was 14.10% per year. During the past 10 years, the average E10 Growth Rate was 10.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of FedEx was 22.10% per year. The lowest was 1.30% per year. And the median was 13.00% per year.

As of today (2025-03-16), FedEx's current stock price is ARS30050.00. FedEx's E10 for the quarter that ended in Nov. 2024 was ARS1,396.94. FedEx's Shiller PE Ratio of today is 21.51.

During the past 13 years, the highest Shiller PE Ratio of FedEx was 48.72. The lowest was 13.85. And the median was 25.44.


FedEx E10 Historical Data

The historical data trend for FedEx's E10 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 E10 Chart

FedEx Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 382.67 148.23 220.55 577.79 1,625.44

FedEx Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
E10 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 1,029.85 1,336.95 1,625.44 1,692.56 1,396.94

Competitive Comparison of FedEx's E10

For the Integrated Freight & Logistics subindustry, FedEx's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where FedEx's Shiller PE Ratio falls into.



FedEx E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Nov. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=5999.4/133.1099*133.1099
=5,999.400

Current CPI (Nov. 2024) = 133.1099.

FedEx Quarterly Data

per share eps CPI Adj_EPS
201502 38.038 99.032 51.127
201505 -56.990 100.333 -75.608
201508 44.990 100.548 59.560
201511 47.145 100.135 62.670
201602 57.055 100.040 75.916
201605 -7.536 101.355 -9.897
201608 79.049 101.617 103.548
201611 78.076 101.829 102.060
201702 64.046 102.779 82.947
201705 121.054 103.256 156.055
201708 76.170 103.587 97.879
201711 98.926 104.072 126.528
201802 306.120 105.052 387.880
201805 170.258 106.148 213.505
201808 169.806 106.383 212.467
201811 251.948 106.338 315.380
201902 208.701 106.649 260.482
201905 -668.924 108.048 -824.083
201908 248.869 108.245 306.038
201911 253.726 108.519 311.222
202002 144.624 109.139 176.389
202005 -170.547 108.175 -209.858
202008 682.606 109.662 828.559
202011 658.021 109.793 797.763
202102 578.028 110.968 693.362
202105 1,286.279 113.576 1,507.503
202108 764.663 115.421 881.853
202111 774.603 117.269 879.236
202202 883.008 119.703 981.908
202205 491.221 123.323 530.205
202208 878.387 124.958 935.693
202211 965.331 125.607 1,022.990
202302 1,142.408 126.928 1,198.052
202305 2,691.161 128.314 2,791.738
202308 2,334.960 129.538 2,399.354
202311 2,485.000 129.548 2,553.323
202402 2,457.000 130.930 2,497.909
202405 10,412.820 132.509 10,460.032
202408 5,983.440 132.816 5,996.689
202411 5,999.400 133.110 5,999.400

Add all the adjusted EPS together and divide 10 will get our e10.


FedEx  (BUE:FDX) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

FedEx's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=30050.00/1396.94
=21.51

* 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 Shiller P/E Ratio of FedEx was 48.72. The lowest was 13.85. And the median was 25.44.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


FedEx E10 Related Terms

Thank you for viewing the detailed overview of FedEx's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


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. 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.