NSC
Norfolk Southern
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: NSC
- PE Ratio
The current PE ratio for Norfolk Southern stock as of Jun 3, 2026 is 25.7. This is calculated based on the current EPS of $11.87 and the stock price of $305.11 per share. The P/E ratio has an increase of 18% from the past four quarters average of 21.8.
NSC PE ratio history
The average historical PE ratio of Norfolk Southern for the last ten years is 20.08. The current PE ratio of 25.7 is 28% above the historical average. Over the past ten years, NSC's PE ratio was at its highest in the Mar 2024 quarter at 40.91, when the stock price was $254.87 and the EPS was $6.23. The lowest value was in the Mar 2018 quarter, when it reached 7.06 with a price of $135.78 and an EPS of $19.22.
Norfolk Southern PE ratio by year
Maximum annual increase: 102.2% in 2018
Maximum annual decrease: -59.56% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 22.63 | 11.64% | $288.72 | $12.76 |
| 2024 | 20.27 | -31.05% | $234.7 | $11.58 |
| 2023 | 29.4 | 66.1% | $236.38 | $8.04 |
| 2022 | 17.7 | -27.7% | $246.42 | $13.92 |
| 2021 | 24.48 | -18.81% | $297.71 | $12.16 |
| 2020 | 30.15 | 60.29% | $237.61 | $7.88 |
| 2019 | 18.81 | 20.5% | $194.13 | $10.32 |
| 2018 | 15.61 | 102.2% | $149.54 | $9.58 |
| 2017 | 7.72 | -59.56% | $144.9 | $18.76 |
| 2016 | 19.09 | 15.77% | $108.07 | $5.66 |
| 2015 | 16.49 | -3.11% | $84.59 | $5.13 |
| 2014 | 17.02 | 11.83% | $109.61 | $6.44 |
| 2013 | 15.22 | 33.39% | $92.83 | $6.1 |
| 2012 | 11.41 | -13.56% | $61.84 | $5.42 |
| 2011 | 13.2 | -14.67% | $72.86 | $5.52 |
Norfolk Southern PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 24.18 | 6.85% | $287 | $11.87 |
| Dec 2025 | 22.63 | -1.22% | $288.72 | $12.76 |
| Sep 2025 | 22.91 | 32.58% | $300.41 | $13.11 |
| Jun 2025 | 17.28 | 6.93% | $255.97 | $14.81 |
| Mar 2025 | 16.16 | -20.28% | $236.85 | $14.66 |
| Dec 2024 | 20.27 | -12.89% | $234.7 | $11.58 |
| Sep 2024 | 23.27 | -14.04% | $248.5 | $10.68 |
| Jun 2024 | 27.07 | -33.83% | $214.69 | $7.93 |
| Mar 2024 | 40.91 | 39.15% | $254.87 | $6.23 |
| Dec 2023 | 29.4 | 36.43% | $236.38 | $8.04 |
| Sep 2023 | 21.55 | 5.84% | $196.93 | $9.14 |
| Jun 2023 | 20.36 | 25.22% | $226.76 | $11.14 |
| Mar 2023 | 16.26 | -8.14% | $212 | $13.04 |
| Dec 2022 | 17.7 | 15.16% | $246.42 | $13.92 |
| Sep 2022 | 15.37 | -14.8% | $209.65 | $13.64 |
NSC Price vs fair value
NSC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, NSC's PE ratio is above the 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 25.7, NSC is above the industry average but below the Industrials sector average. Compared to its Industrials sector average of 29.99, Norfolk Southern's P/E is 14% lower.
NSC PE vs peers
NSC's PE ratio is lower than its peer stock CSX, but it is greater than UNP's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UNP Union Pacific Corp | 21.7 | $156.65B |
| NSC Norfolk Southern Corp | 25.89 | $69.02B |
| CSX Csx Corp | 28.55 | $85.94B |
Frequently asked questions
What is Norfolk Southern's PE ratio?
NSC's price to earnings ratio is 25.7 as of Jun 3, 2026.
What is the 3-year average PE ratio for Norfolk Southern (NSC)?
The average PE ratio for NSC stock over the past 3 years is 23.83.
What is the 5-year average PE ratio for Norfolk Southern (NSC)?
The average PE ratio for NSC stock over the past 5 years is 22.29.
What is the highest PE ratio for NSC?
In the last ten years, the Mar 2024 quarter recorded the highest quarterly PE ratio at 40.91.
How does the current PE ratio for NSC compare to its historical average?
The current price to earnings ratio of NSC is 28% higher than the 10-year historical average.
How is NSC's PE ratio calculated (Norfolk Southern PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 3, 2026), Norfolk Southern's stock price is $305.11. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $11.87. Therefore, Norfolk Southern's P/E ratio for today is 25.7. PE RATIO(25.7) = STOCK PRICE($305.11) / TTM EPS($11.87)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.