• FedEx average price to free cash flow ratio for 2024 was 22.5, a 18.61% decline from 2023.
• FedEx average price to free cash flow ratio for 2023 was 18.97, a 3.49% increase from 2022.
• FedEx average price to free cash flow ratio for 2022 was 18.33, a 1.78% increase from 2021.

Price to free cash flow ratio can be defined as