FedExHAM:FDX -1.91%83 PB Ratio is 2.67 as of Jun. 24, 2026, which is 32% above its 10-year median of 2.02. GuruFocus rates HAM:FDX with a GF Score™ of 83/100 and a GF Value™ of €206.01. The stock has 8 warning signs investors should review. Among 971 Transportation companies, FedEx ranks worse than 78.78% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), FedEx's share price is €282.20. FedEx's Book Value per Share for the quarter that ended in Feb. 2026 was €105.50. Hence, FedEx's PB Ratio of today is 2.67.
Warning Sign:
FedEx Corp stock PB Ratio (=2.54) is close to 5-year high of 2.71.
The historical rank and industry rank for FedEx's PB Ratio or its related term are showing as below:
HAM:FDX'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.02 Max: 3.47
Current: 2.54
During the past 13 years, FedEx's highest PB Ratio was 3.47. The lowest was 1.19. And the median was 2.02.
HAM:FDX's PB Ratio is ranked worse than 78.78% of 971
companies
in the Transportation industry
Industry Median: 1.25
vs HAM:FDX: 2.54
During the past 12 months, FedEx's average Book Value Per Share Growth Rate was 11.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of FedEx was 21.00% per year. The lowest was -1.90% per year. And the median was 9.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
FedEx PB Ratio Related Terms
FedEx PB Ratio Historical Data
* Premium members only.
The historical data trend for FedEx's PB Ratio 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.
For the Integrated Freight & Logistics subindustry, FedEx's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, FedEx's PB Ratio distribution charts can be found below:
* The bar in red indicates where FedEx's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
FedEx's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
FedEx (HAM:FDX) has a PB Ratio of 2.67 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FedEx and its competitors. This is 32% above median its historical median of 2.02. Over the past decade, FedEx's PB Ratio has ranged from 1.19 to 3.47. According to the industry distribution chart, FedEx ranks #765 out of 971 companies in the Transportation industry, placing it in the top 78.8%.
Is FedEx's PB Ratio too high?
FedEx's current PB Ratio of 2.67 is 32% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 3.47. The Transportation industry median PB Ratio is 1.25. FedEx's value of 2.67 is 113.6% above this industry median. Based on the distribution chart, FedEx ranks #765 out of 971 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, FedEx has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does FedEx's PB Ratio compare to UPS and JBHT?
According to the Transportation industry distribution chart, FedEx ranks #765 out of 971 companies for PB Ratio. This places FedEx in the lower half of its industry. The industry median PB Ratio is 1.25. FedEx's value of 2.67 is 113.6% above this benchmark. Historically, FedEx's own PB Ratio has ranged from 1.19 to 3.47 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.25, 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 PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 971 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FedEx's current PB Ratio of 2.67 is 113.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FedEx and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FedEx's current PB Ratio is 2.67, which is 32% above median its own 10-year median of 2.02. 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 (HAM:FDX) has a current PB Ratio of 2.67. The stock's GF Value™ is €206.01, compared to a current price of €282.20 — trading 37% above its estimated fair value. The current PB Ratio is 2.67, which is 32% above median its 10-year median of 2.02 and 113.6% above the Transportation industry median of 1.25. FedEx's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For FedEx (HAM:FDX), the current PB Ratio is 2.67 as of Jun. 24, 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 (HAM:FDX) Overvalued in 2026?
Based on GuruFocus' analysis, FedEx stock appears to be overvalued.
The current stock price of €282.20 is trading 37% above its estimated GF Value™ of €206.01.
Key valuation signals for HAM:FDX:
PB Ratio: 2.67 (32% above median its 10-year median of 2.02)
GF Value™: €206.01 vs. price of €282.20 (37% above fair value)
Industry Position: 113.6% above the Transportation median (#765 of 971)
No single metric tells the full story. See the HAM: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.
83GF Score
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