Company Valuation: Norfolk Southern Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 60,349 72,446 59,965 53,361 53,098 65,745 - -
Change - 20.04% -17.23% -11.01% -0.49% 23.82% - -
Enterprise Value (EV) 1 71,915 85,447 74,591 68,972 68,663 80,993 80,210 79,201
Change - 18.82% -12.71% -7.53% -0.45% 17.96% -0.97% -1.26%
P/E ratio 30.3x 24.6x 17.8x 29.5x 20.3x 23x 22.2x 20.2x
PBR 4.12x 5.24x 4.41x 4.21x 3.71x 4.18x 3.75x 3.39x
PEG - 0.5x 1.2x -0.7x 0.5x 2.2x 6.28x 2x
Capitalization / Revenue 6.17x 6.5x 4.7x 4.39x 4.38x 5.37x 5.2x 4.97x
EV / Revenue 7.35x 7.67x 5.85x 5.67x 5.66x 6.61x 6.34x 5.98x
EV / EBITDA 15.5x 15.2x 12.4x 13.1x 12.5x 14.3x 13.5x 12.4x
EV / EBIT 20.6x 19.2x 15.5x 17.4x 16.6x 19.1x 17.8x 16.2x
EV / FCF 33.6x 30.7x 32.8x 83.1x 2,452x 33.7x 32.5x 30.7x
FCF Yield 2.98% 3.26% 3.05% 1.2% 0.04% 2.97% 3.08% 3.25%
Dividend per Share 2 3.76 4.16 4.96 5.4 5.4 5.406 5.55 5.81
Rate of return 1.58% 1.4% 2.01% 2.28% 2.3% 1.85% 1.89% 1.98%
EPS 2 7.84 12.11 13.88 8.02 11.57 12.75 13.2 14.54
Distribution rate 48% 34.4% 35.7% 67.3% 46.7% 42.4% 42% 40%
Net sales 1 9,789 11,142 12,745 12,156 12,123 12,250 12,654 13,233
EBITDA 1 4,640 5,628 6,030 5,265 5,499 5,651 5,958 6,380
EBIT 1 3,486 4,447 4,809 3,967 4,146 4,245 4,508 4,896
Net income 1 2,013 3,005 3,270 1,827 2,622 2,855 2,986 3,288
Net Debt 1 11,566 13,001 14,626 15,611 15,565 15,248 14,464 13,455
Reference price 2 237.61 297.71 246.42 236.38 234.70 293.00 293.00 293.00
Nbr of stocks (in thousands) 253,985 243,345 243,345 225,742 226,240 224,387 - -
Announcement Date 27/01/21 26/01/22 25/01/23 26/01/24 29/01/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.07x6.63x14.38x1.84% 66.01B
19.94x6.91x13.47x2.3% 140B
22.65x6.06x13.19x1.44% 67.59B
16.01x1.09x5.79x3.8% 15.84B
14.27x2.61x6.03x5.1% 7.88B
28.63x3.7x16.8x2.11% 4.32B
14.84x2.8x6.72x5.41% 4.14B
-3.95x - - 2.55% 547M
Average 16.93x 4.26x 10.91x 3.07% 38.24B
Weighted average by Cap. 20.87x 6.15x 12.97x 2.2%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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