Is FedEx Corp. overvalued or undervalued?

As of 24 October 2025, the valuation grade for FedEx Corp. has moved from fair to expensive, indicating that the stock is overvalued. Key valuation ratios include a P/E ratio of 11, an EV to EBITDA of 6.77, and a Price to Book Value of 1.97. In comparison to peers, FedEx's P/E ratio is lower than that of DoorDash, Inc. at 130.80 and slightly below United Parcel Service, Inc. at 11.72, which is considered very attractive. Despite the recent stock performance, where FedEx has underperformed the S&P 500 with a year-to-date return of -14.28% compared to the S&P's 15.47%, the elevated valuation metrics suggest that the stock may not offer a compelling investment opportunity at its current price of 241.15.