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

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

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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