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. The company exhibits a P/E ratio of 11, a Price to Book Value of 1.97, and an EV to EBITDA ratio of 6.77. In comparison, United Parcel Service, Inc. has a slightly higher P/E ratio of 11.72 and an EV to EBITDA of 7.30, while DoorDash, Inc. shows a significantly higher P/E of 130.80, suggesting that FedEx is relatively more attractive than DoorDash but still expensive compared to UPS. In terms of stock performance, FedEx has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -14.28% compared to the S&P 500's 15.47%, and a 1-year return of -11.62% versus 16.90% for the index. This underperformance reinforces the notion that FedEx is currently overvalued given its financial metrics and market performance.