FedEx’s Valuation Compared to Its Peers after Fiscal 3Q18
FedEx (FDX) has clearly expressed its concerns about the protectionism stance adopted by the US government. For valuation purposes, we’ll consider FedEx’s forward PE (price-to-earnings) multiple and forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio. Forward PE implies the dollars payable today for every dollar of earnings per share in the future.