Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 27.07.
Forward PE Ratio (27.07) = Close Price ($350.72) / Consensus Forward EPS ($12.96)
FORWARD PE RATIO
27.07
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+11.93%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$78.77B
Forward PE Ratio
27.07
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Norfolk Southern Corporation (NSC) | $78.77B | 27.07 |
| Canadian National Railway Company (CNI)vs › | $78.54B | 15.48 |
| Northrop Grumman Corporation (NOC)vs › | $78.28B | 19.04 |
| FedEx Corporation (FDX)vs › | $76.91B | 16.37 |
| Cummins Inc. (CMI)vs › | $81.09B | 19.89 |
| Illinois Tool Works Inc. (ITW)vs › | $81.21B | 24.70 |
| Cintas Corporation (CTAS)vs › | $81.55B | 41.63 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $85.00B | 18.12 |
| United Parcel Service, Inc. (UPS)vs › | $86.66B | 14.18 |
| Emerson Electric Co. (EMR)vs › | $88.06B | 23.99 |
Trailing P/E
29.9
reported TTM EPS
Forward P/E
27.1
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.96 implies +10.6% EPS growth vs the reported trailing $11.72.
At today's $350.72 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $12.96 | $12.20 – $13.35 | 12 | 27.1x |
| 2027-12-31 | $14.33 | $13.68 – $14.93 | 13 | 24.5x |
| 2028-12-31 | $15.70 | $15.36 – $16.12 | 4 | 22.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
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