NSC

NYSE

NORFOLK SOUTHERN CORP

Industrials, Rail Transportation

$334.36

close 7 Aug 2026

+20.14%

52-week change

$75.10B

market cap

$268.23

$358.60

52-week range

Expected price

$232.45 – $284.11

Current price

$334.36

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)28.53x

P/S (TTM)5.99x

P/B4.62x

EV/EBITDA (TTM)16.64x

FCF yield (TTM)2.17%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average22.79x

P/E, sector median29.72x*

Price at 5-year median P/E$258.17*

Indicated dividend yield1.62%

Forward — analyst consensus

Forward P/E (FY2026)25.76x*

Forward P/E (FY2027)23.39x

Forward PEG2.54*

Consensus EPS FY2026 (20 analysts)$12.98

EPS growth (FY2026→FY2027)10.13%

Revenue growth (FY2026)8.54%

Street view

Price target (mean)$365.28*

Target upside9.25%

Ratings (buy / hold / sell)5 / 16 / 0

FY2026 EPS revisions, 30d (up / down)15 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +0.13%10Y CAGR +15.22%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$334.36

Cash & equivalents$1.07B

Total debt$16.62B

Shares outstanding224.61M

Result

DCF price per share$43.32

Current price$334.36

Margin of safety-87.04%

PV of years 1–10$11.01B

PV of terminal value$14.26B

Equity value$9.73B

Market-implied growth+16.57%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.63B	$1.64B	$1.64B	$1.64B	$1.64B	$1.64B	$1.65B	$1.65B	$1.65B	$1.65B	$30.79B
PV	$1.51B	$1.40B	$1.30B	$1.21B	$1.12B	$1.04B	$960.37M	$890.38M	$825.50M	$765.35M	$14.26B

period to 30 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026