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FedEx (WBO:FDX) E10 : €0.00 (As of Feb. 2025)


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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 Feb. 2025 was €3.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.00 for the trailing ten years ended in Feb. 2025.

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 (2025-03-21), FedEx's current stock price is €229.50. FedEx's E10 for the quarter that ended in Feb. 2025 was €0.00. FedEx's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of FedEx was 48.72. The lowest was 13.85. And the median was 25.41.


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 6.34 7.38 9.59 11.08 11.76

FedEx Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 11.52 11.76 11.69 12.42 -

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 Feb. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=3.61/134.6241*134.6241
=3.610

Current CPI (Feb. 2025) = 134.6241.

FedEx Quarterly Data

per share eps CPI Adj_EPS
201505 -2.836 100.333 -3.805
201508 2.173 100.548 2.909
201511 2.274 100.135 3.057
201602 1.660 100.040 2.234
201605 -0.233 101.355 -0.309
201608 2.364 101.617 3.132
201611 2.401 101.829 3.174
201702 1.944 102.779 2.546
201705 3.394 103.256 4.425
201708 1.855 103.587 2.411
201711 2.420 104.072 3.130
201802 6.148 105.052 7.879
201805 3.511 106.148 4.453
201808 2.685 106.383 3.398
201811 3.089 106.338 3.911
201902 2.467 106.649 3.114
201905 -6.759 108.048 -8.421
201908 2.553 108.245 3.175
201911 1.928 108.519 2.392
202002 1.100 109.139 1.357
202005 -1.174 108.175 -1.461
202008 3.988 109.662 4.896
202011 3.849 109.793 4.719
202102 2.729 110.968 3.311
202105 5.662 113.576 6.711
202108 3.477 115.421 4.055
202111 3.399 117.269 3.902
202202 3.700 119.703 4.161
202205 2.015 123.323 2.200
202208 3.287 124.958 3.541
202211 3.012 125.607 3.228
202302 2.849 126.928 3.022
202305 5.566 128.314 5.840
202308 3.879 129.538 4.031
202311 3.280 129.548 3.409
202402 3.254 130.930 3.346
202405 5.494 132.509 5.582
202408 2.911 132.816 2.951
202411 2.854 133.110 2.886
202502 3.610 134.624 3.610

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


FedEx  (WBO: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.

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 25.41.


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.