Norfolk Southern Corporation NSC

313.00 (0.17) (0.05%) as of 25 Sep
Market cap
$70.3B
P/E
26.7×
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Norfolk Southern Corporation (NSC) EV/EBITDA

As of 25 September 2026, Norfolk Southern Corporation (NSC) trades at a EV/EBITDA of 15.8×. Over the past ten years it has ranged from 7.1× (August 2015) to 20.2× (April 2024); the current reading is higher than 85% of that period. That is above the Railroads industry median of 13.5× and above the Industrials sector median of 12.9×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 14.0× 10.69%
FY2024 12.7× (24.01%)
FY2023 16.7× 37.75%
FY2022 12.1× (21.36%)
FY2021 15.4× (11.50%)
FY2020 17.4× 41.98%
FY2019 12.2× 18.39%
FY2018 10.3× (8.01%)
FY2017 11.2× 11.47%
FY2016 10.1× 15.07%

Quarterly

Period EV/EBITDA Change
Jun 2026 15.8× 8.27%
Mar 2026 14.6× 4.37%
Dec 2025 14.0× 0.01%
Sep 2025 14.0× 22.09%
42 more quarters

Against its own ten years

Low 7.1× High 20.2×
Ten-year median 12.0×
Current reading's percentile 85

EV/EBITDA against peers

Company EV/EBITDA
TRN Trinity Industries, Inc. compare 6.9×
GBX Greenbrier Companies, Inc. (The) compare 8.6×
RAIL Freightcar America, Inc. compare 11.0×
FSTR L.B. Foster Company compare 12.0×
UNP Union Pacific Corporation compare 15.0×
CSX CSX Corporation compare 15.4×
NSC Norfolk Southern Corporation 15.8×
CP Canadian Pacific Kansas City Limited compare 17.0×
WAB Wabtec compare 22.1×
Railroads industry median 13.5×
Industrials sector median 12.9×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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