Norfolk Southern Corporation NSC
- 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 | Free account |
Against its own ten years
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)))
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
- 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