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) P/B ratio
As of 25 September 2026, Norfolk Southern Corporation (NSC) trades at a P/B ratio of 4.3×. Over the past ten years it has ranged from 1.6× (February 2016) to 5.4× (December 2021); the current reading is higher than 78% of that period. That is in line with the Railroads industry median of 4.3× and above the Industrials sector median of 2.4×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 4.2× | 12.65% |
| FY2024 | 3.7× | (11.34%) |
| FY2023 | 4.2× | (8.41%) |
| FY2022 | 4.6× | (15.23%) |
| FY2021 | 5.4× | 31.49% |
| FY2020 | 4.1× | 21.74% |
| FY2019 | 3.4× | 24.53% |
| FY2018 | 2.7× | 4.52% |
| FY2017 | 2.6× | 2.06% |
| FY2016 | 2.5× | 20.94% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 4.3× | 6.63% |
| Mar 2026 | 4.1× | (2.43%) |
| Dec 2025 | 4.2× | (6.15%) |
| Sep 2025 | 4.5× | 14.31% |
| 42 more quarters | Free account |
Against its own ten years
Low 1.6×
High 5.4×
Ten-year median
3.6×
Current reading's percentile
78
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| GBX Greenbrier Companies, Inc. (The) compare | 0.8× |
| TRN Trinity Industries, Inc. compare | 1.9× |
| FSTR L.B. Foster Company compare | 2.2× |
| CP Canadian Pacific Kansas City Limited compare | 2.2× |
| NSC Norfolk Southern Corporation | 4.3× |
| WAB Wabtec compare | 4.3× |
| CSX CSX Corporation compare | 6.2× |
| RAIL Freightcar America, Inc. compare | 6.3× |
| UNP Union Pacific Corporation compare | 7.9× |
| Railroads industry median | 4.3× |
| Industrials sector median | 2.4× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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