Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.62 as of 2026-09-23T13:35:36.821Z.
Consensus retrieved: 2026-09-13T22:48:31.762Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-23T13:35:36.821Z.
Quote observation: 2026-09-23T13:35:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c527657cdfc7bac0a761508d2984e5e7feaea2e3924db347b381e28e90ca2c5a
Forward PE Ratio (16.62) = Dated Quote Price ($294.05) / Consensus Forward EPS ($17.69)
FORWARD PE RATIO
16.62
SECTOR MEDIAN · INDUSTRIALS
23.51
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-29.31%
vs the sector median at left
FedEx Corporation
Market Cap
$69.57B
Forward PE Ratio
16.62
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| FedEx Corporation (FDX) | $69.57B | 16.62 |
| Norfolk Southern Corporation (NSC)vs › | $70.65B | 24.23 |
| Cummins Inc. (CMI)vs › | $72.06B | 17.68 |
| Canadian National Railway Company (CNI)vs › | $72.17B | N/A |
| Northrop Grumman Corporation (NOC)vs › | $72.84B | 17.72 |
| Honeywell International Inc. (HON)vs › | $66.44B | 25.18 |
| Republic Services, Inc. (RSG)vs › | $65.84B | 29.41 |
| United Rentals, Inc. (URI)vs › | $64.87B | 21.09 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.21B | N/A |
| Illinois Tool Works Inc. (ITW)vs › | $77.61B | 23.60 |
Trailing P/E
16.0
reported TTM EPS
Forward P/E
16.6
consensus EPS · fiscal year ending 2027-05-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $17.69 implies -3.5% EPS decline vs the reported trailing $18.34.
At the dated quote price of $294.05, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2027-05-31 | $17.69 | $14.77 – $19.90 | 7 | 16.6x |
| 2028-05-31 | $21.37 | $19.42 – $23.79 | 4 | 13.8x |
| 2029-05-31 | $24.16 | $22.67 – $25.35 | 1 | 12.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
