Valuation Norfolk Southern Corporation

Equities

Market Closed - Nyse Other stock markets 20:00:02 11/03/2026 GMT			5-day change	1st Jan Change
297.56 ^USD	-0.31%		-6.21%	+3.06%

03-06	Baird Adjusts Price Target on Norfolk Southern to $315 From $288, Maintains Neutral Rating	MT
03-05	Tight truck capacity opens window for U.S. railroads to win back freight	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	72,446	59,965	53,361	53,098	64,785	67,033	-	-
Change	-	-17.23%	-11.01%	-0.49%	22.01%	3.47%	-	-
Enterprise Value (EV) ¹	85,447	74,591	68,972	68,663	80,342	81,485	80,732	80,014
Change	-	-12.71%	-7.53%	-0.45%	17.01%	1.42%	-0.93%	-0.89%
P/E ratio	24.6x	17.8x	29.5x	20.3x	22.6x	24.6x	22x	20.1x
PBR	5.24x	4.41x	4.21x	3.71x	4.17x	3.86x	3.52x	3.23x
PEG	-	1.2x	-0.7x	0.5x	2.2x	-5.24x	1.9x	2.15x
Capitalization / Revenue	6.5x	4.7x	4.39x	4.38x	5.32x	5.37x	5.13x	4.89x
EV / Revenue	7.67x	5.85x	5.67x	5.66x	6.6x	6.53x	6.18x	5.84x
EV / EBITDA	15.2x	12.4x	13.1x	12.5x	14.2x	14.4x	13.3x	12.4x
EV / EBIT	19.2x	15.5x	17.4x	16.6x	18.8x	19.4x	17.5x	16.1x
EV / FCF	30.7x	32.8x	83.1x	2,452x	37.2x	34.9x	30.4x	31.4x
FCF Yield	3.26%	3.05%	1.2%	0.04%	2.68%	2.86%	3.29%	3.18%
Dividend per Share ²	4.16	4.96	5.4	5.4	-	5.413	5.567	5.932
Rate of return	1.4%	2.01%	2.28%	2.3%	-	1.81%	1.86%	1.99%
EPS ²	12.11	13.88	8.02	11.57	12.75	12.15	13.56	14.83
Distribution rate	34.4%	35.7%	67.3%	46.7%	-	44.5%	41.1%	40%
Net sales ¹	11,142	12,745	12,156	12,123	12,180	12,472	13,066	13,708
EBITDA ¹	5,628	6,030	5,265	5,499	5,661	5,655	6,072	6,442
EBIT ¹	4,447	4,809	3,967	4,146	4,268	4,210	4,617	4,974
Net income ¹	3,005	3,270	1,827	2,622	2,873	2,720	3,055	3,345
Net Debt ¹	13,001	14,626	15,611	15,565	15,557	14,453	13,699	12,981
Reference price ²	297.71	246.42	236.38	234.70	288.72	298.49	298.49	298.49
Nbr of stocks (in thousands)	243,345	243,345	225,742	226,240	224,387	224,572	-	-
Announcement Date	26/01/22	25/01/23	26/01/24	29/01/25	29/01/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NORFOLK SOUTHERN CORPORATION	24.56x	6.53x	14.41x	1.81%	67.03B
UNION PACIFIC CORPORATION	20.2x	6.95x	13.31x	2.21%	148B
CSX CORPORATION	22.19x	6.48x	13.7x	1.37%	76.07B
DAQIN RAILWAY CO., LTD.	14.62x	0.98x	5.01x	3.96%	15.32B
AURIZON HOLDINGS LIMITED	16.12x	2.89x	6.98x	5.66%	4.79B
CONTAINER CORPORATION OF INDIA LIMITED	27.23x	3.47x	15.72x	2.19%	3.92B
FTAI INFRASTRUCTURE INC.	-4.66x	-	-	2.16%	645M
Average	17.18x	4.55x	11.52x	2.77%	45.18B
Weighted average by Cap.	21.31x	6.35x	13.17x	2.06%