FedEx (BUE:FDX) Price-to-Tangible-Book : 0.51 (As of Apr. 30, 2024)

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What is FedEx Price-to-Tangible-Book?

As of today (2024-04-30), FedEx's share price is ARS28754.50. FedEx's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was ARS56,749.84. Hence, FedEx's Price to Tangible Book Ratio of today is 0.51.

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

BUE:FDX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.59 Med: 3.88 Max: 7.27
Current: 3.28

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.

BUE:FDX's Price-to-Tangible-Book is ranked worse than
78.59% of 878 companies
in the Transportation industry
Industry Median: 1.425 vs BUE:FDX: 3.28

A closely related ratio is called PB Ratio. As of today, FedEx's share price is ARS28754.50. FedEx's Book Value per Sharefor the quarter that ended in Feb. 2024 was ARS75,026.41. Hence, FedEx's P/B Ratio of today is 0.38.

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 Price-to-Tangible-Book Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Price-to-Tangible-Book

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0.21

1.17

0.44

0.30

0.31

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	Get a 7-Day Free Trial															0.28	0.31	0.46	0.38	0.47

Competitive Comparison of FedEx's Price-to-Tangible-Book

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's Price-to-Tangible-Book Distribution in the Transportation Industry

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 )
	=	28754.50	/	56749.837
	=	0.51

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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 (BUE:FDX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FDX:USA FDX:Peru FDX:Mexico 1FDX:Italy FDX:Germany FDXB34:Brazil

Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

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.