Equity

Is NORFOLK SOUTHERN CORP (NSC) undervalued?

$320.75+0.15% todayNYSE · USD · last traded 2026-09-14 16:40 UTC

NORFOLK SOUTHERN CORP trades on a P/E of 25.16 against earnings growth of -2.8% a year over the last 3 years, giving a PEG ratio of —.

Earnings figures are measured from NSC’s filed annual accounts, not estimated. PEG compares price to earnings growth alone — it says nothing about debt, cash generation, or what an acquirer would pay. Read it alongside the figures below rather than on its own.

PEG

Not available — requires positive earnings and a growth estimate.

P/E ratio25.16
earnings growth (3-year CAGR)-2.8%
PEG ratio
Measured from NSC's filed annual accounts. Trailing, not forecast.
01

What it would cost to buy NSC

Enterprise value is what it would cost to take the whole company: every share at today’s price, plus the debt an acquirer assumes, less the cash they receive. For NORFOLK SOUTHERN CORP that is $87.59B.

Every term below is a line item from a filed statement. The numbers beside each one open the filing it came from — balance-sheet figures arrive already scaled, so there is no “in thousands” to catch you out.

224.6M shares · 10-Q cover page

market capitalisation$72.04B
total debt$16.62B
cash & equivalents$1.07B
enterprise value$87.59B
Balance-sheet terms as reported to 2026-06-30.
Enterprise-value multiples for NORFOLK SOUTHERN CORP
MeasureValue
Diluted earnings per shareto 2025-12-31$12.75
P/E ratioto 2025-12-3125.2
Earnings growth (3-year CAGR)to 2025-12-31−2.8%
PEG ratio
Market capitalisationto 2026-06-30$72.04B
Total debtto 2026-06-30$16.62B
Net debtto 2026-06-30$15.55B
Enterprise valueto 2026-06-30$87.59B
EBITDAto 2025-12-31$5.75B
Free cash flowto 2025-12-31$2.16B
EV / EBITDAto 2025-12-3115.2×
EV / Salesto 2025-12-317.2×
Free cash flow yieldto 2025-12-313.0%
Net debt / EBITDAto 2025-12-312.7×
Return on capital employedto 2025-12-3113.3%

Earnings growth is measured across NORFOLK SOUTHERN CORP’s own filed annual accounts. PEG conventionally uses forecast growth from analyst estimates; filings contain only history, so this is trailing growth and will read differently from a PEG quoted elsewhere.

Not shown, and why

PEG ratio
earnings shrank over the period measured, so dividing the P/E by growth has no meaning.
02

Against the sector

No sector comparison: fewer than four companies in the reference set share NSC’s industry classification.

03

Market ratios

Price-based ratios from market data. Anything drawn from a filed statement is in the enterprise-value section above, with its source.

Valuation and financial-health metrics for NORFOLK SOUTHERN CORP (NSC)
MetricValue
Price$320.75
PEGY ratio
Dividend yield1.68%
Price / book
Price / sales
Return on equity17.0%
Profit margin
Operating margin
Debt / equity102.23
Current ratio
Beta1.28
52-week range$274.78 – $358.60

Not reported for NSC: pegy ratio, price / book, price / sales, profit margin, operating margin, current ratio. A dash means the figure was not available from the source, not that it is zero.

04

Compare and chart

Compare NSC vs Competitors

Use the calculator below to see how NSC stacks up against other stocks in the same industry.

Enter a ticker to pull its filings and build the valuation from the statements.

Enter a ticker to begin

Quick picks:

05

About NSC’s valuation

What is the PEG ratio for NORFOLK SOUTHERN CORP (NSC)?
NORFOLK SOUTHERN CORP has a PEG ratio of —, from a P/E of 25.16 and earnings growth of -2.8% a year measured across 3 years of filed accounts. Note that PEG is conventionally quoted against forecast growth; this uses reported history, so it will differ from a PEG you see elsewhere.
Is NSC undervalued right now?
That depends on the measure. On PEG, NSC reads —. The PEG ratio compares price to earnings growth alone — it ignores debt, cash generation and asset backing, so it is a starting point rather than a conclusion. The enterprise-value measures above account for debt and cash; they often tell a different story.
What is the PEGY ratio for NSC?
The PEGY ratio for NORFOLK SOUTHERN CORP is —. PEGY adds the dividend yield of 1.68% to the growth rate in the denominator, which gives a fairer reading of companies returning cash as income rather than growth.
Where do these NSC figures come from?
Market price and capitalisation come from live market data; earnings, growth and dividend figures come from NORFOLK SOUTHERN CORP's published financial statements. Every derived ratio on this page shows the arithmetic that produced it.

This page describes published financial data. It is not investment advice and makes no recommendation to buy or sell NSC.