Stock · NSC · Industrials

Norfolk Southern Corporation

United States · Large Cap · listed since 1982 · Revenue 12 mo. $13B

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
$319.94
1 Y +3.8%
Market cap
$75.1B
Phase
Mature
core business profitable, revenue barely moving
Revenue −1.5% a year (3 years)EBIT margin 32.9%Payout 48.6% of operating cash flow

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States.

moreless

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals, including sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and operates an intermodal network. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.

Original text from the data provider

Summary

Norfolk Southern Corporation is around the middle of the Industrials sector overall

53.0 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 15.9% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €1.9B (2025), it supports €21.5B. The remaining €45.9B of the market value assume it grows 15.9% a year for 10 years and not at all afterwards.

Required FCF growth per year

15.9%

no growth afterwards

Market value breakdown€67.4B market value, price as of 11/06/2026

€21.5B without growth
€45.9B priced-in growth
  • 5 yrs achieved −13.5%
  • 10 yrs achieved 4.9%
  • priced in 15.9%

Valuation against its own history

Price to operating cash flow 19.0×, above its usual range.

Middle half of 20 quarters: 13.1× to 16.9×, median 14.9×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

No sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 15.9%, achieved at most 4.9%
  • EBIT margin falling for three quarters −1.4 pp over the last four reports

Since the last quarter

Q2 → Q3 2026

A calm quarter: no figure moved noticeably.

8 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability71.0above the middleEarns more than the sector: EBIT margin 32.91%, sector 11.28%.
MetricStockSector medianPosition in sector
Return on equity18.48%13.10%Rank 69
Return on capital (Greenblatt)10.99%19.33%Rank 22
EBIT margin32.91%11.28%Rank 94
FCF margin17.71%8.50%Rank 87
Gross margin42.43%28.98%Rank 82
Growth45.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year0.47%5.15%Rank 24
Earnings growth, 3 years per year−2.71%8.01%Rank 26
Earnings growth, 5 years per year10.25%12.89%Rank 39
Sustainable growth (ROE × retained earnings)18.10%4.02%Rank 92
Valuation30.3below the middleValued higher than the sector: EV/sales 7.44, sector 2.08.
MetricStockSector medianPosition in sector
Earnings yield3.99%4.42%Rank 42
FCF yield2.87%3.98%Rank 33
EV/saleslower is better7.442.08Rank 7
EV/EBITlower is better22.6219.47Rank 39
Momentum60.4above the middleShare price doing better than the sector: Distance from 52-week high −9.36%, sector −16.36%.
MetricStockSector medianPosition in sector
Share price, 1 year3.81%−0.01%Rank 57
Share price, 6 months3.03%−1.43%Rank 58
Share price, 3 months0.82%0.53%Rank 52
Distance from 52-week high−9.36%−16.36%Rank 75
Quality66.9above the middleQuality above the sector: Dividend streak in years 25, sector 5.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.42%1.39%Rank 39
Change in share countlower is better−0.71%−0.44%Rank 55
Dividend streak in years255Rank 93
Price reaction to results, market-adjusted4.20%0.27%Rank 80
Balance sheet & risk44.3around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio34.37%39.65%Rank 37
Net debt/EBITDAlower is better2.661.38Rank 23
Debt to equitylower is better1.100.61Rank 26
Volatility, 1 yearlower is better21.55%32.95%Rank 92

Ten years in figures

Revenue from $9.9B (2016) to $12.2B (2025), 2.3% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
20169.931.1%$1.1B296M9.3
201710.633.4%$1.5B290M9.1
201811.534.6%$1.8B280M10.8
201911.334.5%$1.9B266M12.2
20209.834.7%$2.1B257M12.0
202111.139.2%$2.8B248M13.4
202212.737.1%$2.3B236M15.1
202312.223.5%$830.0M227M16.0
202412.131.1%$1.7B226M15.8
202512.232.9%$2.2B225M15.6
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Norfolk Southern Corporation mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Norfolk Southern Corporation's score is built

Norfolk Southern Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Norfolk Southern Corporation stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Earnings Quality: Accrual Check (Sloan)
  • Growth Momentum (CAN SLIM principle)
  • StockScorer Score
  • Levermann Strategy (13 Criteria)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Norfolk Southern Corporation key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Norfolk Southern Corporation.

MetricStockSector
P/E ratio25.022.5
P/B ratio4.62.9
Return on equity (ROE)18.5%13.1%
Equity ratio34.4%39.7%
Debt-to-equity (D/E)1.100.61
Dividend yield2.1%2.0%

Similar stocks in Industrials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
NSCNorfolk Southern Corporationthis page
CSXCSX CorporationLow3.6
WABWestinghouse Air Brake Technologies CorpMedium5.5
UNPUnion Pacific CorporationLow3.6
CNR.TOCanadian National Railway Colocked
CP.TOCanadian Pacific Railway Ltdlocked

Frequently asked questions about Norfolk Southern Corporation stock

How does Norfolk Southern Corporation stock (NSC) score in the StockScorer model?
Norfolk Southern Corporation stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Norfolk Southern Corporation's P/E ratio?
Norfolk Southern Corporation's P/E ratio is 25.0. The Industrials sector median is 22.5.
What sector is Norfolk Southern Corporation in?
Norfolk Southern Corporation is assigned to the Industrials sector. Its rank within the sector is 53.0 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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