FedEx Corporation (FDX)
FedEx Corporation Altman Z-Score: 4.155
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FDX Altman Z-Score Rankings
| Overall | 69th percentile | 1081 of 3549 |
| Sector | 65th percentile | 275 of 798 in Services |
| Industry | 25th percentile | 9 of 12 in Air Delivery & Freight Services |
FDX Altman Z-Score Range, Past 5 Years
| Minimum | 2.929 | Feb 2009 |
| Maximum | 4.666 | Aug 2007 |
| Average | 3.995 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FDX | 90.74 | +1.46 | +1.64% | 28.08B |
| FDS | 107.55 | -0.46 | -0.43% | 4.872B |
| FDO | 67.16 | -0.44 | -0.65% | 7.961B |
| FDML | 11.66 | +0.16 | +1.39% | 1.137B |
| FDM | 20.87 | +0.28 | +1.36% | |
| FDEF | 15.97 | -0.01 | -0.06% | 155.49M |
| FDD | 10.94 | +0.02 | +0.18% | |
| FCX | 33.26 | +0.85 | +2.62% | 30.70B |
| FCVA | 2.40 | +0.15 | +6.67% | 6.682M |
| FCT | 14.44 | -0.02 | -0.14% |
