Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.04 as of Sunday, August 9, 2026.
Forward PE Ratio (16.04) = Close Price ($318.57) / Consensus Forward EPS ($19.86)
FORWARD PE RATIO
16.04
SECTOR MEDIAN · INDUSTRIALS
25.05
median of 119 covered companies
CURRENT VS SECTOR MEDIAN
-35.97%
vs the sector median at left
FedEx Corporation
Market Cap
$75.37B
Forward PE Ratio
16.04
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| FedEx Corporation (FDX) | $75.37B | 16.04 |
| Norfolk Southern Corporation (NSC)vs › | $75.10B | 25.97 |
| Canadian National Railway Company (CNI)vs › | $76.58B | 15.41 |
| Honeywell International Inc. (HON)vs › | $78.03B | 29.59 |
| United Rentals, Inc. (URI)vs › | $72.38B | 23.67 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $80.54B | 17.46 |
| PACCAR Inc (PCAR)vs › | $70.06B | 22.64 |
| Northrop Grumman Corporation (NOC)vs › | $81.20B | 19.82 |
| Cintas Corporation (CTAS)vs › | $81.25B | 41.48 |
| TransDigm Group Incorporated (TDG)vs › | $68.53B | 30.04 |
Trailing P/E
17.4
reported TTM EPS
Forward P/E
16.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $19.86 implies +8.3% EPS growth vs the reported trailing $18.34.
At today's $318.57 close, 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 | $17.78 | $14.84 – $20.00 | 7 | 17.9x |
| 2028-05-31 | $21.38 | $19.43 – $23.80 | 4 | 14.9x |
| 2029-05-31 | $24.18 | $22.68 – $25.37 | 1 | 13.2x |
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
