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Saturday 17 October 2026 Export NSC’s income statement to Excel — free account

Norfolk Southern Corporation

NSC Industrials Railroads

Norfolk Southern Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 11.4%, EPS fell 4.40%, free cash flow fell 3.08% and total debt fell 4.32%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

326.92 2.09 +0.64%
Market cap
$73.0B
P/E
27.9×
Fwd P/E
26.4×
Dividend yield
1.65%
F-score
6/9
Altman Z
2.29
Beneish M
−2.62
Dividend safety
68/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Norfolk Southern Corporation (NSC) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Norfolk Southern Corporation (NSC) trades at a P/B ratio of 4.5×. Over the past ten years it has ranged from 1.6× (February 2016) to 5.4× (December 2021); the current reading is higher than 87% of that period. That is in line with the Railroads industry median of 4.3× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

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 newest first

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

Against its own ten years

Low 1.6× High 5.4×
Ten-year median 3.6×
Current reading's percentile 86

P/B ratio against peers

Company P/B ratio
GBX Greenbrier Companies, Inc. (The) compare 0.7×
TRN Trinity Industries, Inc. compare 1.8×
FSTR L.B. Foster Company compare 2.0×
CP Canadian Pacific Kansas City Limited compare 2.2×
WAB Wabtec compare 4.3×
NSC Norfolk Southern Corporation 4.5×
RAIL Freightcar America, Inc. compare 5.2×
CSX CSX Corporation compare 6.4×
UNP Union Pacific Corporation compare 8.3×
Railroads industry median 4.3×
Industrials sector median 2.2×
Market median 1.7×

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))

The full definition of P/B ratio →

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