GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FedEx Corp (NYSE:FDX) » Definitions » Price-to-Tangible-Book

FedEx (FDX) Price-to-Tangible-Book

: 3.29 (As of Today)
View and export this data going back to 1978. Start your Free Trial

As of today (2024-04-20), FedEx's share price is $266.99. FedEx's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was $81.07. Hence, FedEx's Price to Tangible Book Ratio of today is 3.29.

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

FDX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.59   Med: 3.88   Max: 7.27
Current: 3.29

During the past 13 years, FedEx's highest Price to Tangible Book Ratio was 7.27. The lowest was 2.59. And the median was 3.88.

FDX's Price-to-Tangible-Book is ranked worse than
79% of 881 companies
in the Transportation industry
Industry Median: 1.39 vs FDX: 3.29

A closely related ratio is called PB Ratio. As of today, FedEx's share price is $266.99. FedEx's Book Value per Sharefor the quarter that ended in Feb. 2024 was $107.18. Hence, FedEx's P/B Ratio of today is 2.49.


FedEx Price-to-Tangible-Book Historical Data

The historical data trend for FedEx's Price-to-Tangible-Book 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 Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Price-to-Tangible-Book
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.85 2.95 5.00 3.23 2.82

FedEx Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Price-to-Tangible-Book 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 Premium Member Only Premium Member Only Premium Member Only 2.79 2.82 3.26 3.19 3.07

Competitive Comparison

For the Integrated Freight & Logistics subindustry, FedEx's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

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

* The bar in red indicates where FedEx's Price-to-Tangible-Book falls into.



FedEx Price-to-Tangible-Book Calculation

FedEx's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Feb. 2024 )
=266.99/81.071
=3.29

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


FedEx Price-to-Tangible-Book Related Terms

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


FedEx (FDX) 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 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.
Executives
John W Dietrich officer: EVP CHIEF FINANCIAL OFF
Amy B Lane director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Erwin Guy M Ii officer: STAFF VP INT PRIN ACCT OFFICER 942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Jennifer L Johnson officer: CVP PRIN ACCT OFFICER 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Michael C. Lenz officer: EVP CHIEF FINANCIAL OFF 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Robert B Carter officer: EVP CHIEF INFO OFFICER 942 S SHADY GROVE RD, MEMPHIS TN 38120
Tracy B Brightman officer: EVP - Chief People Officer 942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Stephen E Gorman director 370 KNOLLWOOD STREET, SUITE 500, WINSTON SALEM NC 27103
Susan C Schwab director 2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith officer: President/CEO FedEx Express 3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
Frederick W Smith director, officer: CHAIRMAN OF THE BOARD 942 S SHADY GROVE RD, MEMPHIS TN 38120
Brie Carere officer: EVP/Chief Mkt & Comm Officer 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner director 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
R Brad Martin director
Paul S Walsh director 8 HENRIETTA PLACE, LONDON X0 94111

FedEx (FDX) Headlines

From GuruFocus

Q3 2023 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2023 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

FedEx Corp DRIVE Program Update Transcript

By GuruFocus Research 01-23-2024

Q2 2022 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 FedEx Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024