Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 21.65 is in line with its 5-year average of 20.38, around the middle of its 5-year range (15.66–28.09).
As of 2026-09-26T00:15:37.017Z. 8.21% above its 12-month average of 20.01.
Calculation as of: 2026-09-26T00:15:37.017Z.
Quote observation: 2026-09-25T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e316f035e877bbfd0556060f15edbb2931ce1a34513771d2ea2d6c5aca43d08a
PE Ratio (21.65) = Close Price ($120.93) / Diluted TTM EPS ($5.59)
PE RATIO
21.65
PE RATIO AVG TTM
20.01
PE RATIO AVG 3Y
19.55
PE RATIO AVG 5Y
20.38
PE RATIO AVG 10Y
20.09
PE RATIO AVG 15Y
17.57
PE RATIO AVG 20Y
15.80
CURRENT VS TTM AVG
+8.21%
CURRENT VS 3Y AVG
+10.76%
CURRENT VS 5Y AVG
+6.24%
CURRENT VS 10Y AVG
+7.78%
CURRENT VS 15Y AVG
+23.21%
CURRENT VS 20Y AVG
+37.03%
SECTOR MEDIAN · INDUSTRIALS
28.39
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
-23.74%
vs the sector median at left
Canadian National Railway Company
Market Cap
$73.15B
PE Ratio
21.65
TTM Avg
20.01
3Y Avg
19.55
5Y Avg
20.38
Market Cap
$72.53B
PE Ratio
16.22
TTM Avg
20.38
3Y Avg
23.50
5Y Avg
19.47
Market Cap
$70.30B
PE Ratio
26.71
TTM Avg
24.13
3Y Avg
24.89
5Y Avg
22.79
Market Cap
$76.40B
PE Ratio
28.18
TTM Avg
25.32
3Y Avg
25.78
5Y Avg
25.75
Market Cap
$67.37B
PE Ratio
8.25
TTM Avg
13.64
3Y Avg
12.58
5Y Avg
12.70
Market Cap
$79.80B
PE Ratio
17.46
TTM Avg
16.05
3Y Avg
16.89
5Y Avg
17.12
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $73.15B | 21.65 | 20.01 | 19.55 | 20.38 |
| Northrop Grumman Corporation (NOC)vs › | $72.53B | 16.22 | 20.38 | 23.50 | 19.47 |
| Cummins Inc. (CMI)vs › | $72.45B | 26.84 | 28.64 | 24.08 | 20.52 |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 26.71 | 24.13 | 24.89 | 22.79 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.40B | 28.18 | 25.32 | 25.78 | 25.75 |
| FedEx Corporation (FDX)vs › | $67.63B | 15.59 | 15.12 | 13.37 | 12.70 |
| Illinois Tool Works Inc. (ITW)vs › | $78.92B | 24.87 | 24.77 | 23.95 | 24.29 |
| Honeywell International Inc. (HON)vs › | $67.37B | 8.25 | 13.64 | 12.58 | 12.70 |
| United Parcel Service, Inc. (UPS)vs › | $79.80B | 17.46 | 16.05 | 16.89 | 17.12 |
| Cintas Corporation (CTAS)vs › | $80.00B | 40.71 | 40.52 | 45.40 | 42.00 |
At 21.6, P/E is above its 20-year median — higher than 86% of readings in its 20-year history.
20-year low
3.9
median
17.4
20-year high
32.7
Trailing P/E
21.6
Forward P/E
N/A
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-09-11 | 21.88 |
| 2026-09-10 | 21.69 |
| 2026-09-09 | 21.81 |
| 2026-09-08 | 21.97 |
| 2026-09-04 | 22.08 |
| 2026-09-03 | 22.05 |
| 2026-09-02 | 21.74 |
| 2026-09-01 | 21.55 |
| 2026-08-31 | 22.33 |
| 2026-08-28 | 22.56 |
| 2026-08-27 | 22.64 |
| 2026-08-26 | 22.83 |
| 2026-08-25 | 22.75 |
| 2026-08-24 | 22.80 |
| 2026-08-21 | 23.24 |
| 2026-08-20 | 22.95 |
| 2026-08-19 | 22.85 |
| 2026-08-18 | 22.65 |
| 2026-08-17 | 22.66 |
| 2026-08-14 | 22.70 |
| 2026-08-13 | 22.86 |
| 2026-08-12 | 22.61 |
| 2026-08-11 | 22.60 |
| 2026-08-10 | 22.40 |
| 2026-08-07 | 22.66 |
| 2026-08-06 | 22.63 |
| 2026-08-05 | 22.83 |
| 2026-08-04 | 22.79 |
| 2026-08-03 | 22.52 |
| 2026-07-31 | 22.77 |
| 2026-07-30 | 22.76 |
| 2026-07-29 | 23.24 |
| 2026-07-28 | 23.18 |
| 2026-07-27 | 23.07 |
| 2026-07-24 | 23.50 |
| 2026-07-23 | 23.70 |
| 2026-07-22 | 23.21 |
| 2026-07-21 | 23.07 |
| 2026-07-20 | 22.99 |
| 2026-07-17 | 23.42 |
| 2026-07-16 | 23.27 |
| 2026-07-15 | 22.50 |
| 2026-07-14 | 22.65 |
| 2026-07-13 | 22.74 |
| 2026-07-10 | 22.58 |
| 2026-07-09 | 22.57 |
| 2026-07-08 | 22.27 |
| 2026-07-07 | 22.28 |
| 2026-07-06 | 22.08 |
| 2026-07-02 | 22.06 |
| 2026-07-01 | 21.75 |
| 2026-06-30 | 21.64 |
| 2026-06-29 | 21.84 |
| 2026-06-26 | 21.88 |
| 2026-06-25 | 21.84 |
| 2026-06-24 | 21.04 |
| 2026-06-23 | 20.85 |
| 2026-06-22 | 20.71 |
| 2026-06-18 | 20.59 |
| 2026-06-17 | 20.68 |
| 2026-06-16 | 21.36 |
| 2026-06-15 | 21.33 |
| 2026-06-12 | 21.59 |
| 2026-06-11 | 21.46 |
| 2026-06-10 | 21.63 |
| 2026-06-09 | 21.83 |
| 2026-06-08 | 21.93 |
| 2026-06-05 | 21.85 |
| 2026-06-04 | 21.69 |
| 2026-06-03 | 21.68 |
| 2026-06-02 | 22.00 |
| 2026-06-01 | 21.67 |
| 2026-05-29 | 21.52 |
| 2026-05-28 | 21.56 |
| 2026-05-27 | 21.53 |
| 2026-05-26 | 21.12 |
| 2026-05-22 | 20.73 |
| 2026-05-21 | 20.72 |
| 2026-05-20 | 20.83 |
| 2026-05-19 | 20.54 |
| 2026-05-18 | 20.44 |
| 2026-05-15 | 20.29 |
| 2026-05-14 | 20.41 |
| 2026-05-13 | 20.30 |
| 2026-05-12 | 20.31 |
| 2026-05-11 | 20.07 |
| 2026-05-08 | 20.26 |
| 2026-05-07 | 20.12 |
| 2026-05-06 | 20.36 |
| 2026-05-05 | 19.96 |
| 2026-05-04 | 19.85 |
| 2026-05-01 | 20.32 |
| 2026-04-30 | 20.35 |
| 2026-04-29 | 19.85 |
| 2026-04-28 | 21.10 |
| 2026-04-27 | 21.12 |
| 2026-04-24 | 21.05 |
| 2026-04-23 | 20.95 |
| 2026-04-22 | 20.10 |
| 2026-04-21 | 20.24 |
| 2026-04-20 | 20.43 |
| 2026-04-17 | 20.26 |
| 2026-04-16 | 20.02 |
| 2026-04-15 | 20.20 |
| 2026-04-14 | 20.57 |
| 2026-04-13 | 20.38 |
| 2026-04-10 | 20.22 |
| 2026-04-09 | 20.23 |
| 2026-04-08 | 19.78 |
| 2026-04-07 | 19.45 |
| 2026-04-06 | 19.30 |
| 2026-04-02 | 19.14 |
| 2026-04-01 | 18.97 |
| 2026-03-31 | 18.88 |
| 2026-03-30 | 18.61 |
| 2026-03-27 | 18.63 |
| 2026-03-26 | 18.66 |
| 2026-03-25 | 18.72 |
| 2026-03-24 | 18.55 |
| 2026-03-23 | 18.50 |
| 2026-03-20 | 18.08 |
| 2026-03-19 | 18.20 |
| 2026-03-18 | 18.43 |
| 2026-03-17 | 18.73 |
| 2026-03-16 | 19.51 |
| 2026-03-13 | 19.29 |
| 2026-03-12 | 19.08 |
| 2026-03-11 | 19.51 |
| 2026-03-10 | 19.55 |
| 2026-03-09 | 19.83 |
| 2026-03-06 | 19.61 |
| 2026-03-05 | 20.15 |
| 2026-03-04 | 20.35 |
| 2026-03-03 | 20.42 |
| 2026-03-02 | 20.76 |
| 2026-02-27 | 20.61 |
| 2026-02-26 | 20.25 |
| 2026-02-25 | 20.03 |
| 2026-02-24 | 20.45 |
| 2026-02-23 | 20.22 |
| 2026-02-20 | 20.29 |
| 2026-02-19 | 20.10 |
| 2026-02-18 | 19.82 |
| 2026-02-17 | 19.93 |
| 2026-02-13 | 19.77 |
| 2026-02-12 | 19.71 |
| 2026-02-11 | 19.53 |
| 2026-02-10 | 19.48 |
| 2026-02-09 | 18.99 |
| 2026-02-06 | 18.63 |
| 2026-02-05 | 18.37 |
| 2026-02-04 | 18.90 |
| 2026-02-03 | 18.43 |
| 2026-02-02 | 18.27 |
| 2026-01-30 | 18.37 |
| 2026-01-29 | 19.29 |
| 2026-01-28 | 18.81 |
| 2026-01-27 | 19.18 |
| 2026-01-26 | 19.07 |
| 2026-01-23 | 19.06 |
| 2026-01-22 | 19.10 |
| 2026-01-21 | 18.97 |
| 2026-01-20 | 18.56 |
| 2026-01-16 | 19.11 |
| 2026-01-15 | 18.95 |
| 2026-01-14 | 18.64 |
| 2026-01-13 | 18.59 |
| 2026-01-12 | 18.89 |
| 2026-01-09 | 18.89 |
| 2026-01-08 | 18.99 |
| 2026-01-07 | 18.46 |
| 2026-01-06 | 19.21 |
| 2026-01-05 | 18.96 |
| 2026-01-02 | 19.15 |
| 2025-12-31 | 18.87 |
| 2025-12-30 | 18.96 |
| 2025-12-29 | 18.99 |
| 2025-12-26 | 18.84 |
| 2025-12-24 | 18.84 |
| 2025-12-23 | 18.85 |
| 2025-12-22 | 18.75 |
| 2025-12-19 | 18.75 |
| 2025-12-18 | 19.01 |
| 2025-12-17 | 18.59 |
| 2025-12-16 | 18.50 |
| 2025-12-15 | 18.78 |
| 2025-12-12 | 18.69 |
| 2025-12-11 | 18.70 |
| 2025-12-10 | 18.77 |
| 2025-12-09 | 18.66 |
| 2025-12-08 | 18.76 |
| 2025-12-05 | 18.74 |
| 2025-12-04 | 18.82 |
| 2025-12-03 | 18.83 |
| 2025-12-02 | 18.33 |
| 2025-12-01 | 18.24 |
| 2025-11-28 | 18.31 |
| 2025-11-26 | 17.95 |
| 2025-11-25 | 17.69 |
| 2025-11-24 | 17.36 |
| 2025-11-21 | 17.75 |
| 2025-11-20 | 17.57 |
| 2025-11-19 | 17.86 |
| 2025-11-18 | 17.94 |
| 2025-11-17 | 18.23 |
| 2025-11-14 | 18.36 |
| 2025-11-13 | 18.45 |
| 2025-11-12 | 18.69 |
| 2025-11-11 | 18.32 |
| 2025-11-10 | 18.04 |
| 2025-11-07 | 18.14 |
| 2025-11-06 | 18.05 |
| 2025-11-05 | 18.33 |
| 2025-11-04 | 18.28 |
| 2025-11-03 | 18.26 |
| 2025-10-31 | 18.46 |
| 2025-10-30 | 17.96 |
| 2025-10-29 | 17.94 |
| 2025-10-28 | 18.24 |
| 2025-10-27 | 18.24 |
| 2025-10-24 | 18.35 |
| 2025-10-23 | 18.47 |
| 2025-10-22 | 18.50 |
| 2025-10-21 | 18.29 |
| 2025-10-20 | 18.36 |
| 2025-10-17 | 18.42 |
| 2025-10-16 | 18.22 |
| 2025-10-15 | 18.70 |
| 2025-10-14 | 18.45 |
| 2025-10-13 | 18.50 |
| 2025-10-10 | 18.18 |
| 2025-10-09 | 18.38 |
| 2025-10-08 | 18.55 |
| 2025-10-07 | 18.66 |
| 2025-10-06 | 18.60 |
| 2025-10-03 | 18.55 |
| 2025-10-02 | 18.19 |
| 2025-10-01 | 18.18 |
| 2025-09-30 | 18.15 |
| 2025-09-29 | 18.08 |
| 2025-09-26 | 17.88 |
| 2025-09-25 | 17.79 |
| 2025-09-24 | 17.74 |
| 2025-09-23 | 17.75 |
| 2025-09-22 | 17.71 |
| 2025-09-19 | 17.96 |
| 2025-09-18 | 18.00 |
| 2025-09-17 | 18.22 |
| 2025-09-16 | 18.41 |
| 2025-09-15 | 18.35 |
| 2025-09-12 | 17.98 |
| 2025-09-11 | 18.08 |
| 2025-09-10 | 17.79 |
| 2025-09-09 | 17.95 |
| 2025-09-08 | 18.34 |
| 2025-09-05 | 18.59 |
| 2025-09-04 | 18.62 |
| 2025-09-03 | 18.59 |
| 2025-09-02 | 18.60 |
| 2025-08-29 | 18.63 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.