Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 98.85x is 226% above its estimated 5-year average of 30.30x, near the low end of its estimated 5-year range (17.91x–2656.04x).
As of 2026-09-12T00:15:51.380Z. 242.05% above its estimated 12-month average of 28.90x.
Calculation as of: 2026-09-12T00:15:51.380Z.
Quote observation: 2026-09-11T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 48d4168ad9453a157b536cac16322a769c01222d6bdd39af219f4175b2eb61ae
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-10.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
98.85x
EV/FCF RATIO AVG TTM
28.90x
EV/FCF RATIO AVG 3Y
41.16x
EV/FCF RATIO AVG 5Y
30.30x
EV/FCF RATIO AVG 10Y
32.45x
EV/FCF RATIO AVG 15Y
34.99x
EV/FCF RATIO AVG 20Y
32.82x
CURRENT VS TTM AVG
+242.05%
CURRENT VS 3Y AVG
+140.17%
CURRENT VS 5Y AVG
+226.26%
CURRENT VS 10Y AVG
+204.67%
CURRENT VS 15Y AVG
+182.54%
CURRENT VS 20Y AVG
+201.18%
SECTOR MEDIAN · INDUSTRIALS
29.44x
median of 123 covered companies
CURRENT VS SECTOR MEDIAN
+235.77%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$71.94B
EV/FCF Ratio
98.85x
TTM Avg
28.90x
3Y Avg
41.16x
5Y Avg
30.30x
Market Cap
$73.73B
EV/FCF Ratio
24.06x
TTM Avg
42.51x
3Y Avg
41.97x
5Y Avg
58.15x
Market Cap
$73.95B
EV/FCF Ratio
35.21x
TTM Avg
33.17x
3Y Avg
33.00x
5Y Avg
32.22x
Market Cap
$68.53B
EV/FCF Ratio
24.30x
TTM Avg
31.68x
3Y Avg
35.68x
5Y Avg
34.96x
Market Cap
$77.15B
EV/FCF Ratio
29.44x
TTM Avg
30.58x
3Y Avg
29.52x
5Y Avg
31.95x
Market Cap
$78.44B
EV/FCF Ratio
52.25x
TTM Avg
53.72x
3Y Avg
57.96x
5Y Avg
55.66x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $71.94B | 98.85x | 28.90x | 41.16x | 30.30x |
| Northrop Grumman Corporation (NOC)vs › | $73.73B | 24.06x | 42.51x | 41.97x | 58.15x |
| FedEx Corporation (FDX)vs › | $73.81B | 20.22x | 23.15x | 25.36x | 26.76x |
| Canadian National Railway Company (CNI)vs › | $73.95B | 35.21x | 33.17x | 33.00x | 32.22x |
| Republic Services, Inc. (RSG)vs › | $68.53B | 24.30x | 31.68x | 35.68x | 34.96x |
| Cummins Inc. (CMI)vs › | $76.83B | 24.33x | 35.51x | 679.52x | 418.97x |
| Illinois Tool Works Inc. (ITW)vs › | $77.15B | 29.44x | 30.58x | 29.52x | 31.95x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.44B | 52.25x | 53.72x | 57.96x | 55.66x |
| PACCAR Inc (PCAR)vs › | $64.60B | 23.52x | 22.54x | 21.89x | 37.20x |
| Honeywell International Inc. (HON)vs › | $64.14B | 21.70x | 19.25x | 17.98x | 17.77x |
EV/FCF
98.8x
P/FCF
81.3x
FCF Yield
1.23%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-10 | 23.03x |
| 2026-09-09 | 23.03x |
| 2026-09-08 | 23.30x |
| 2026-09-04 | 23.39x |
| 2026-09-03 | 23.30x |
| 2026-09-02 | 23.43x |
| 2026-09-01 | 23.60x |
| 2026-08-31 | 24.17x |
| 2026-08-28 | 24.52x |
| 2026-08-27 | 24.48x |
| 2026-08-26 | 24.76x |
| 2026-08-25 | 24.67x |
| 2026-08-24 | 24.77x |
| 2026-08-21 | 24.64x |
| 2026-08-20 | 24.40x |
| 2026-08-19 | 24.35x |
| 2026-08-18 | 23.95x |
| 2026-08-17 | 24.08x |
| 2026-08-14 | 23.68x |
| 2026-08-13 | 23.88x |
| 2026-08-12 | 23.74x |
| 2026-08-11 | 23.69x |
| 2026-08-10 | 23.66x |
| 2026-08-07 | 23.68x |
| 2026-08-06 | 24.16x |
| 2026-08-05 | 24.11x |
| 2026-08-04 | 24.09x |
| 2026-08-03 | 23.81x |
| 2026-07-31 | 23.75x |
| 2026-07-30 | 23.65x |
| 2026-07-29 | 23.76x |
| 2026-07-28 | 23.94x |
| 2026-07-27 | 24.21x |
| 2026-07-24 | 24.64x |
| 2026-07-23 | 24.65x |
| 2026-07-22 | 23.61x |
| 2026-07-21 | 23.64x |
| 2026-07-20 | 23.85x |
| 2026-07-17 | 24.16x |
| 2026-07-16 | 24.03x |
| 2026-07-15 | 23.47x |
| 2026-07-14 | 23.37x |
| 2026-07-13 | 23.42x |
| 2026-07-10 | 23.41x |
| 2026-07-09 | 23.19x |
| 2026-07-08 | 22.92x |
| 2026-07-07 | 23.13x |
| 2026-07-06 | 23.08x |
| 2026-07-02 | 23.13x |
| 2026-07-01 | 22.91x |
| 2026-06-30 | 22.65x |
| 2026-06-29 | 22.77x |
| 2026-06-26 | 22.55x |
| 2026-06-25 | 22.50x |
| 2026-06-24 | 22.02x |
| 2026-06-23 | 21.99x |
| 2026-06-22 | 22.04x |
| 2026-06-18 | 21.80x |
| 2026-06-17 | 21.82x |
| 2026-06-16 | 22.43x |
| 2026-06-15 | 22.40x |
| 2026-06-12 | 22.61x |
| 2026-06-11 | 22.41x |
| 2026-06-10 | 22.32x |
| 2026-06-09 | 22.52x |
| 2026-06-08 | 22.38x |
| 2026-06-05 | 22.58x |
| 2026-06-04 | 22.22x |
| 2026-06-03 | 22.09x |
| 2026-06-02 | 22.24x |
| 2026-06-01 | 22.10x |
| 2026-05-29 | 22.08x |
| 2026-05-28 | 22.26x |
| 2026-05-27 | 23.30x |
| 2026-05-26 | 22.98x |
| 2026-05-22 | 22.65x |
| 2026-05-21 | 22.47x |
| 2026-05-20 | 22.49x |
| 2026-05-19 | 22.86x |
| 2026-05-18 | 22.98x |
| 2026-05-15 | 22.73x |
| 2026-05-14 | 22.83x |
| 2026-05-13 | 22.42x |
| 2026-05-12 | 22.52x |
| 2026-05-11 | 22.45x |
| 2026-05-08 | 22.50x |
| 2026-05-07 | 22.58x |
| 2026-05-06 | 22.81x |
| 2026-05-05 | 22.59x |
| 2026-05-04 | 22.48x |
| 2026-05-01 | 22.73x |
| 2026-04-30 | 22.72x |
| 2026-04-29 | 22.51x |
| 2026-04-28 | 22.78x |
| 2026-04-27 | 22.91x |
| 2026-04-24 | 20.05x |
| 2026-04-23 | 20.14x |
| 2026-04-22 | 18.95x |
| 2026-04-21 | 19.15x |
| 2026-04-20 | 19.24x |
| 2026-04-17 | 19.15x |
| 2026-04-16 | 19.17x |
| 2026-04-15 | 18.91x |
| 2026-04-14 | 19.02x |
| 2026-04-13 | 18.91x |
| 2026-04-10 | 18.84x |
| 2026-04-09 | 18.79x |
| 2026-04-08 | 18.73x |
| 2026-04-07 | 18.44x |
| 2026-04-06 | 18.42x |
| 2026-04-02 | 18.41x |
| 2026-04-01 | 18.36x |
| 2026-03-31 | 18.36x |
| 2026-03-30 | 18.12x |
| 2026-03-27 | 18.17x |
| 2026-03-26 | 18.17x |
| 2026-03-25 | 18.14x |
| 2026-03-24 | 18.19x |
| 2026-03-23 | 18.26x |
| 2026-03-20 | 18.06x |
| 2026-03-19 | 17.91x |
| 2026-03-18 | 18.23x |
| 2026-03-17 | 18.58x |
| 2026-03-16 | 18.55x |
| 2026-03-13 | 18.48x |
| 2026-03-12 | 18.58x |
| 2026-03-11 | 18.91x |
| 2026-03-10 | 18.95x |
| 2026-03-09 | 19.16x |
| 2026-03-06 | 19.18x |
| 2026-03-05 | 19.59x |
| 2026-03-04 | 19.95x |
| 2026-03-03 | 19.92x |
| 2026-03-02 | 19.93x |
| 2026-02-27 | 19.79x |
| 2026-02-26 | 19.70x |
| 2026-02-25 | 19.64x |
| 2026-02-24 | 19.86x |
| 2026-02-23 | 19.81x |
| 2026-02-20 | 19.87x |
| 2026-02-19 | 19.76x |
| 2026-02-18 | 19.90x |
| 2026-02-17 | 19.86x |
| 2026-02-13 | 19.80x |
| 2026-02-12 | 19.78x |
| 2026-02-11 | 19.92x |
| 2026-02-10 | 19.83x |
| 2026-02-09 | 40.19x |
| 2026-02-06 | 40.27x |
| 2026-02-05 | 40.32x |
| 2026-02-04 | 40.31x |
| 2026-02-03 | 39.40x |
| 2026-02-02 | 38.66x |
| 2026-01-30 | 38.64x |
| 2026-01-29 | 38.52x |
| 2026-01-28 | 37.92x |
| 2026-01-27 | 38.40x |
| 2026-01-26 | 38.32x |
| 2026-01-23 | 38.23x |
| 2026-01-22 | 38.41x |
| 2026-01-21 | 38.41x |
| 2026-01-20 | 37.48x |
| 2026-01-16 | 38.58x |
| 2026-01-15 | 38.59x |
| 2026-01-14 | 38.12x |
| 2026-01-13 | 38.32x |
| 2026-01-12 | 38.37x |
| 2026-01-09 | 38.21x |
| 2026-01-08 | 38.48x |
| 2026-01-07 | 37.88x |
| 2026-01-06 | 38.63x |
| 2026-01-05 | 38.29x |
| 2026-01-02 | 38.27x |
| 2025-12-31 | 38.37x |
| 2025-12-30 | 38.52x |
| 2025-12-29 | 38.73x |
| 2025-12-26 | 38.61x |
| 2025-12-24 | 38.80x |
| 2025-12-23 | 38.71x |
| 2025-12-22 | 38.68x |
| 2025-12-19 | 38.66x |
| 2025-12-18 | 38.70x |
| 2025-12-17 | 38.98x |
| 2025-12-16 | 38.94x |
| 2025-12-15 | 39.52x |
| 2025-12-12 | 39.26x |
| 2025-12-11 | 38.94x |
| 2025-12-10 | 38.96x |
| 2025-12-09 | 38.46x |
| 2025-12-08 | 38.83x |
| 2025-12-05 | 38.96x |
| 2025-12-04 | 39.06x |
| 2025-12-03 | 38.94x |
| 2025-12-02 | 38.70x |
| 2025-12-01 | 38.49x |
| 2025-11-28 | 38.73x |
| 2025-11-26 | 38.51x |
| 2025-11-25 | 38.41x |
| 2025-11-24 | 37.77x |
| 2025-11-21 | 38.11x |
| 2025-11-20 | 37.46x |
| 2025-11-19 | 37.63x |
| 2025-11-18 | 37.52x |
| 2025-11-17 | 37.59x |
| 2025-11-14 | 37.86x |
| 2025-11-13 | 37.82x |
| 2025-11-12 | 38.13x |
| 2025-11-11 | 38.25x |
| 2025-11-10 | 38.18x |
| 2025-11-07 | 37.89x |
| 2025-11-06 | 37.66x |
| 2025-11-05 | 37.52x |
| 2025-11-04 | 37.84x |
| 2025-11-03 | 37.67x |
| 2025-10-31 | 37.80x |
| 2025-10-30 | 37.61x |
| 2025-10-29 | 37.39x |
| 2025-10-28 | 37.48x |
| 2025-10-27 | 37.61x |
| 2025-10-24 | 37.49x |
| 2025-10-23 | 39.49x |
| 2025-10-22 | 40.02x |
| 2025-10-21 | 40.15x |
| 2025-10-20 | 40.30x |
| 2025-10-17 | 40.15x |
| 2025-10-16 | 40.01x |
| 2025-10-15 | 40.14x |
| 2025-10-14 | 40.21x |
| 2025-10-13 | 40.13x |
| 2025-10-10 | 39.99x |
| 2025-10-09 | 40.72x |
| 2025-10-08 | 40.91x |
| 2025-10-07 | 40.83x |
| 2025-10-06 | 41.25x |
| 2025-10-03 | 41.30x |
| 2025-10-02 | 41.10x |
| 2025-10-01 | 41.14x |
| 2025-09-30 | 41.33x |
| 2025-09-29 | 41.24x |
| 2025-09-26 | 41.01x |
| 2025-09-25 | 40.68x |
| 2025-09-24 | 40.54x |
| 2025-09-23 | 40.41x |
| 2025-09-22 | 40.24x |
| 2025-09-19 | 39.48x |
| 2025-09-18 | 39.36x |
| 2025-09-17 | 38.84x |
| 2025-09-16 | 38.85x |
| 2025-09-15 | 38.75x |
| 2025-09-12 | 38.48x |
| 2025-09-11 | 38.40x |
| 2025-09-10 | 38.21x |
| 2025-09-09 | 38.34x |
| 2025-09-08 | 38.57x |
| 2025-09-05 | 38.81x |
| 2025-09-04 | 39.04x |
| 2025-09-03 | 38.86x |
| 2025-09-02 | 38.87x |
| 2025-08-29 | 39.06x |
| 2025-08-28 | 38.82x |
Showing the most recent 260 of 4,832 data points. The chart above shows the full history.
