Norfolk Southern Corporation NSC
- Market cap
- $70.3B
- P/E
- 26.7×
Follow NSC
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 | Free account |
Against its own ten years
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)
More on NSC
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement