• FedEx average price/book ratio for 2024 was 2.48, a 13.24% decline from 2023.
• FedEx average price/book ratio for 2023 was 2.19, a 5.29% increase from 2022.
• FedEx average price/book ratio for 2022 was 2.08, a 25.18% increase from 2021.

Price/book ratio can be defined as