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) Price to free cash flow

As of 25 September 2026, Norfolk Southern Corporation (NSC) trades at a price to free cash flow of 36.9×. Over the past ten years it has ranged from 13.9× (March 2020) to 117× (April 2024); the current reading is higher than 84% of that period. That is above the Railroads industry median of 26.6× and above the Industrials sector median of 20.6×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 28.0× 17.57%
FY2024 23.8× (58.24%)
FY2023 57.0× 148.66%
FY2022 22.9× (8.18%)
FY2021 25.0× 1.99%
FY2020 24.5× 7.76%
FY2019 22.7× 8.26%
FY2018 21.0× (14.10%)
FY2017 24.4× (0.79%)
FY2016 24.6× (43.50%)

Quarterly

Period Price to free cash flow Change
Jun 2026 37.1× 10.81%
Mar 2026 33.5× 19.52%
Dec 2025 28.0× (6.58%)
Sep 2025 30.0× 34.11%
42 more quarters

Against its own ten years

Low 13.9× High 117×
Ten-year median 25.0×
Current reading's percentile 84

Price to free cash flow against peers

Company Price to free cash flow
TRN Trinity Industries, Inc. compare n/m
FSTR L.B. Foster Company compare 8.2×
RAIL Freightcar America, Inc. compare 12.8×
GBX Greenbrier Companies, Inc. (The) compare 22.0×
UNP Union Pacific Corporation compare 25.0×
WAB Wabtec compare 28.3×
CSX CSX Corporation compare 29.3×
NSC Norfolk Southern Corporation 36.9×
CP Canadian Pacific Kansas City Limited compare 43.8×
Railroads industry median 26.6×
Industrials sector median 20.6×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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