Expeditors International Of Washington Inc (EXPD) is overvalued and Fedex Corp (FDX) is fairly valued.
Against our estimates of intrinsic value, FDX trades at the wider discount: a margin of safety of +1%, against -66% for EXPD.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $112.78; the price of $187.51 is 66% above that value, and 72% of that value comes from beyond year five.
Leak Score 73/100 on 9 of 12 signals
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $299.56; the price of $295.94 is 1% below that value, and 74% of that value comes from beyond year five.
Leak Score 50/100 on 10 of 12 signals
| Metric | EXPD | FDX |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $187.51 | $295.94 |
| Intrinsic value | $112.78 | $299.56 |
| Margin of safety | -66% | +1% |
| Leak Score | 73/100 (9/12) | 50/100 (10/12) |
| Market cap | $24.4B | $70.0B |
| Revenue growth, 5 years | 2.9% | 2.5% |
| Operating margin | 9.9% | 7.0% |
| Net margin | 7.6% | 4.7% |
| Return on equity | 42.6% | 14.8% |
| Debt to equity | 0.27 | 1.36 |
| P/E | 27.3x | 16.0x |
| Forward P/E | 23.4x | — |
| P/B | 11.5x | 2.2x |
| Dividend yield | 0.9% | 1.6% |