FedEx (MEX:FDX) EV-to-OCF: 11.38 (As of Jul. 29, 2026) — 10% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FDX FedEx Corp MEX:FDX
61 GF Score
Price MXN5,405.00
GF Value MXN4,103.00
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is FedEx EV-to-OCF?

FedEx MEX:FDX -0.83% 61 EV-to-OCF is 11.38 as of Jul. 29, 2026, which is 10% above its 10-year median of 10.31. GuruFocus rates MEX:FDX with a GF Score™ of 61/100 and a GF Value™ of MXN4,103.00 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,010 Transportation companies, FedEx ranks worse than 67.72% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, FedEx's Enterprise Value is MXN1,810,022 Mil. FedEx's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was MXN159,075 Mil. Therefore, FedEx's EV-to-OCF for today is 11.38.

The historical rank and industry rank for FedEx's EV-to-OCF or its related term are showing as below:

MEX:FDX' s EV-to-OCF Range Over the Past 10 Years
Min: 6.64   Med: 10.31   Max: 20.36
Current: 11.61

During the past 13 years, the highest EV-to-OCF of FedEx was 20.36. The lowest was 6.64. And the median was 10.31.

MEX:FDX's EV-to-OCF is ranked worse than
67.72% of 1010 companies
in the Transportation industry
Industry Median: 7.93 vs MEX:FDX: 11.61

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-29), FedEx's stock price is MXN5405.00. FedEx's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was MXN329.360. Therefore, FedEx's PE Ratio (TTM) for today is 16.41.


FedEx  (MEX:FDX) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

FedEx's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=5405.00/329.360
=16.41

FedEx's share price for today is MXN5405.00.
FedEx's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN329.360.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


FedEx EV-to-OCF Related Terms


FedEx EV-to-OCF Historical Data

* Premium members only.

The historical data trend for FedEx's EV-to-OCF 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 EV-to-OCF Chart

FedEx Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.59 7.86 8.54 9.77 10.48

FedEx Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
EV-to-OCF 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 10.48 10.00 10.17 13.27 12.24

MEX:FDX vs UPS, JBHT, FDXF: EV-to-OCF Comparison

For the Integrated Freight & Logistics subindustry, FedEx's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Transportation Industry

For the Transportation industry and Industrials sector, FedEx's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where FedEx's EV-to-OCF falls into.


MEX:FDX
61GF Score
FedEx Corp MEX:FDX
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FedEx EV-to-OCF Calculation

FedEx's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=1810021.568/159075.302
=11.38

FedEx's current Enterprise Value is MXN1,810,022 Mil.
FedEx's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN159,075 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 11.38 mean?
FedEx (MEX:FDX) has a EV-to-OCF of 11.38 as of Jul. 29, 2026. This is 10% above median its historical median of 10.31. Over the past decade, FedEx's EV-to-OCF has ranged from 6.64 to 20.36. According to the industry distribution chart, FedEx ranks #684 out of 1010 companies in the Transportation industry, placing it in the top 67.7%.
Is FedEx's EV-to-OCF too high?
FedEx's current EV-to-OCF of 11.38 is 10% above median its 10-year median of 10.31. Over the past 10 years, this metric has ranged from a low of 6.64 to a high of 20.36. The Transportation industry median EV-to-OCF is 7.93. FedEx's value of 11.38 is 43.5% above this industry median. Based on the distribution chart, FedEx ranks #684 out of 1010 companies in the Transportation industry, which is below the industry midpoint. Overall, FedEx has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FedEx's EV-to-OCF compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #684 out of 1010 companies for EV-to-OCF. This places FedEx in the lower half of its industry. The industry median EV-to-OCF is 7.93. FedEx's value of 11.38 is 43.5% above this benchmark. Historically, FedEx's own EV-to-OCF has ranged from 6.64 to 20.36 over the past decade. While the company's 10-year median is 10.31 vs. the industry median of 7.93, 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 EV-to-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 7.93, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current EV-to-OCF of 11.38 is 43.5% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current EV-to-OCF is 11.38, which is 10% above median its own 10-year median of 10.31. 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?
Based on GuruFocus' analysis, FedEx (MEX:FDX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN4,103.00, compared to a current price of MXN5,405.00 — trading 31.7% above its estimated fair value. The current EV-to-OCF is 11.38, which is 10% above median its 10-year median of 10.31 and 43.5% above the Transportation industry median of 7.93. FedEx's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For FedEx (MEX:FDX), the current EV-to-OCF is 11.38 as of Jul. 29, 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 (MEX:FDX) Overvalued in 2026?

Based on GuruFocus' analysis, FedEx stock appears to be overvalued. The current stock price of MXN5,405.00 is trading 31.7% above its estimated GF Value™ of MXN4,103.00. GuruFocus considers FedEx to be Significantly Overvalued.

Key valuation signals for MEX:FDX:

  • EV-to-OCF: 11.38 (10% above median its 10-year median of 10.31)
  • GF Value™: MXN4,103.00 vs. price of MXN5,405.00 (31.7% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 43.5% above the Transportation median (#684 of 1010)

No single metric tells the full story. See the MEX: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.
61GF Score

Get the complete analysis for MEX:FDX

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN5,405.00
Price
MXN4,103.00
GF Value