Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 6.97x is in line with its estimated 5-year average of 7.15x, around the middle of its estimated 5-year range (5.90x–9.20x).
As of 2026-09-26T00:15:37.017Z. 5.43% above its estimated 12-month average of 6.61x.
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
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 2026-09-11.
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/SALES RATIO
6.97x
EV/SALES RATIO AVG TTM
6.61x
EV/SALES RATIO AVG 3Y
6.79x
EV/SALES RATIO AVG 5Y
7.15x
EV/SALES RATIO AVG 10Y
7.12x
EV/SALES RATIO AVG 15Y
6.82x
EV/SALES RATIO AVG 20Y
5.39x
CURRENT VS TTM AVG
+5.43%
CURRENT VS 3Y AVG
+2.70%
CURRENT VS 5Y AVG
-2.46%
CURRENT VS 10Y AVG
-2.14%
CURRENT VS 15Y AVG
+2.17%
CURRENT VS 20Y AVG
+29.40%
SECTOR MEDIAN · INDUSTRIALS
3.24x
median of 142 covered companies
CURRENT VS SECTOR MEDIAN
+115.12%
vs the sector median at left
Canadian National Railway Company
Market Cap
$73.15B
EV/Sales Ratio
6.97x
TTM Avg
6.61x
3Y Avg
6.79x
5Y Avg
7.15x
Market Cap
$72.53B
EV/Sales Ratio
2.02x
TTM Avg
2.43x
3Y Avg
2.28x
5Y Avg
2.30x
Market Cap
$70.30B
EV/Sales Ratio
6.85x
TTM Avg
6.88x
3Y Avg
6.15x
5Y Avg
6.13x
Market Cap
$76.40B
EV/Sales Ratio
8.47x
TTM Avg
8.46x
3Y Avg
8.80x
5Y Avg
10.14x
Market Cap
$78.92B
EV/Sales Ratio
5.33x
TTM Avg
5.29x
3Y Avg
5.20x
5Y Avg
5.12x
Market Cap
$67.37B
EV/Sales Ratio
2.56x
TTM Avg
2.51x
3Y Avg
2.36x
5Y Avg
2.31x
Market Cap
$79.80B
EV/Sales Ratio
1.15x
TTM Avg
1.23x
3Y Avg
1.37x
5Y Avg
1.56x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $73.15B | 6.97x | 6.61x | 6.79x | 7.15x |
| Northrop Grumman Corporation (NOC)vs › | $72.53B | 2.02x | 2.43x | 2.28x | 2.30x |
| Cummins Inc. (CMI)vs › | $72.45B | 2.23x | 2.49x | 1.78x | 1.63x |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 6.85x | 6.88x | 6.15x | 6.13x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.40B | 8.47x | 8.46x | 8.80x | 10.14x |
| FedEx Corporation (FDX)vs › | $67.63B | 1.03x | 1.08x | 0.99x | 0.93x |
| Illinois Tool Works Inc. (ITW)vs › | $78.92B | 5.33x | 5.29x | 5.20x | 5.12x |
| Honeywell International Inc. (HON)vs › | $67.37B | 2.56x | 2.51x | 2.36x | 2.31x |
| United Parcel Service, Inc. (UPS)vs › | $79.80B | 1.15x | 1.23x | 1.37x | 1.56x |
| Cintas Corporation (CTAS)vs › | $80.00B | 7.32x | 7.34x | 7.86x | 7.12x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-11 | 7.06x |
| 2026-09-10 | 7.01x |
| 2026-09-09 | 7.04x |
| 2026-09-08 | 7.08x |
| 2026-09-04 | 7.11x |
| 2026-09-03 | 7.10x |
| 2026-09-02 | 7.02x |
| 2026-09-01 | 6.97x |
| 2026-08-31 | 7.18x |
| 2026-08-28 | 7.24x |
| 2026-08-27 | 7.26x |
| 2026-08-26 | 7.31x |
| 2026-08-25 | 7.29x |
| 2026-08-24 | 7.31x |
| 2026-08-21 | 7.42x |
| 2026-08-20 | 7.34x |
| 2026-08-19 | 7.32x |
| 2026-08-18 | 7.26x |
| 2026-08-17 | 7.27x |
| 2026-08-14 | 7.28x |
| 2026-08-13 | 7.32x |
| 2026-08-12 | 7.25x |
| 2026-08-11 | 7.25x |
| 2026-08-10 | 7.20x |
| 2026-08-07 | 7.27x |
| 2026-08-06 | 7.26x |
| 2026-08-05 | 7.31x |
| 2026-08-04 | 7.30x |
| 2026-08-03 | 7.23x |
| 2026-07-31 | 7.30x |
| 2026-07-30 | 7.29x |
| 2026-07-29 | 7.42x |
| 2026-07-28 | 7.41x |
| 2026-07-27 | 7.38x |
| 2026-07-24 | 7.58x |
| 2026-07-23 | 7.63x |
| 2026-07-22 | 7.50x |
| 2026-07-21 | 7.46x |
| 2026-07-20 | 7.44x |
| 2026-07-17 | 7.56x |
| 2026-07-16 | 7.52x |
| 2026-07-15 | 7.31x |
| 2026-07-14 | 7.35x |
| 2026-07-13 | 7.38x |
| 2026-07-10 | 7.33x |
| 2026-07-09 | 7.33x |
| 2026-07-08 | 7.25x |
| 2026-07-07 | 7.25x |
| 2026-07-06 | 7.20x |
| 2026-07-02 | 7.19x |
| 2026-07-01 | 7.11x |
| 2026-06-30 | 7.08x |
| 2026-06-29 | 7.13x |
| 2026-06-26 | 7.15x |
| 2026-06-25 | 7.14x |
| 2026-06-24 | 6.92x |
| 2026-06-23 | 6.87x |
| 2026-06-22 | 6.83x |
| 2026-06-18 | 6.80x |
| 2026-06-17 | 6.82x |
| 2026-06-16 | 7.00x |
| 2026-06-15 | 7.00x |
| 2026-06-12 | 7.07x |
| 2026-06-11 | 7.03x |
| 2026-06-10 | 7.08x |
| 2026-06-09 | 7.13x |
| 2026-06-08 | 7.16x |
| 2026-06-05 | 7.14x |
| 2026-06-04 | 7.09x |
| 2026-06-03 | 7.09x |
| 2026-06-02 | 7.18x |
| 2026-06-01 | 7.09x |
| 2026-05-29 | 7.05x |
| 2026-05-28 | 7.06x |
| 2026-05-27 | 7.05x |
| 2026-05-26 | 6.94x |
| 2026-05-22 | 6.84x |
| 2026-05-21 | 6.83x |
| 2026-05-20 | 6.86x |
| 2026-05-19 | 6.79x |
| 2026-05-18 | 6.76x |
| 2026-05-15 | 6.72x |
| 2026-05-14 | 6.75x |
| 2026-05-13 | 6.72x |
| 2026-05-12 | 6.72x |
| 2026-05-11 | 6.66x |
| 2026-05-08 | 6.71x |
| 2026-05-07 | 6.67x |
| 2026-05-06 | 6.74x |
| 2026-05-05 | 6.63x |
| 2026-05-04 | 6.60x |
| 2026-05-01 | 6.73x |
| 2026-04-30 | 6.73x |
| 2026-04-29 | 6.61x |
| 2026-04-28 | 6.95x |
| 2026-04-27 | 6.95x |
| 2026-04-24 | 6.93x |
| 2026-04-23 | 6.90x |
| 2026-04-22 | 6.67x |
| 2026-04-21 | 6.71x |
| 2026-04-20 | 6.76x |
| 2026-04-17 | 6.72x |
| 2026-04-16 | 6.65x |
| 2026-04-15 | 6.70x |
| 2026-04-14 | 6.80x |
| 2026-04-13 | 6.75x |
| 2026-04-10 | 6.71x |
| 2026-04-09 | 6.71x |
| 2026-04-08 | 6.59x |
| 2026-04-07 | 6.50x |
| 2026-04-06 | 6.46x |
| 2026-04-02 | 6.41x |
| 2026-04-01 | 6.37x |
| 2026-03-31 | 6.35x |
| 2026-03-30 | 6.27x |
| 2026-03-27 | 6.28x |
| 2026-03-26 | 6.29x |
| 2026-03-25 | 6.30x |
| 2026-03-24 | 6.26x |
| 2026-03-23 | 6.24x |
| 2026-03-20 | 6.13x |
| 2026-03-19 | 6.16x |
| 2026-03-18 | 6.22x |
| 2026-03-17 | 6.31x |
| 2026-03-16 | 6.52x |
| 2026-03-13 | 6.46x |
| 2026-03-12 | 6.40x |
| 2026-03-11 | 6.52x |
| 2026-03-10 | 6.53x |
| 2026-03-09 | 6.60x |
| 2026-03-06 | 6.54x |
| 2026-03-05 | 6.69x |
| 2026-03-04 | 6.74x |
| 2026-03-03 | 6.76x |
| 2026-03-02 | 6.85x |
| 2026-02-27 | 6.81x |
| 2026-02-26 | 6.72x |
| 2026-02-25 | 6.65x |
| 2026-02-24 | 6.77x |
| 2026-02-23 | 6.71x |
| 2026-02-20 | 6.73x |
| 2026-02-19 | 6.67x |
| 2026-02-18 | 6.60x |
| 2026-02-17 | 6.63x |
| 2026-02-13 | 6.58x |
| 2026-02-12 | 6.57x |
| 2026-02-11 | 6.52x |
| 2026-02-10 | 6.51x |
| 2026-02-09 | 6.38x |
| 2026-02-06 | 6.28x |
| 2026-02-05 | 6.21x |
| 2026-02-04 | 6.31x |
| 2026-02-03 | 6.19x |
| 2026-02-02 | 6.14x |
| 2026-01-30 | 6.17x |
| 2026-01-29 | 6.41x |
| 2026-01-28 | 6.29x |
| 2026-01-27 | 6.39x |
| 2026-01-26 | 6.36x |
| 2026-01-23 | 6.35x |
| 2026-01-22 | 6.36x |
| 2026-01-21 | 6.33x |
| 2026-01-20 | 6.22x |
| 2026-01-16 | 6.37x |
| 2026-01-15 | 6.32x |
| 2026-01-14 | 6.24x |
| 2026-01-13 | 6.23x |
| 2026-01-12 | 6.31x |
| 2026-01-09 | 6.31x |
| 2026-01-08 | 6.34x |
| 2026-01-07 | 6.19x |
| 2026-01-06 | 6.39x |
| 2026-01-05 | 6.33x |
| 2026-01-02 | 6.38x |
| 2025-12-31 | 6.30x |
| 2025-12-30 | 6.33x |
| 2025-12-29 | 6.33x |
| 2025-12-26 | 6.30x |
| 2025-12-24 | 6.30x |
| 2025-12-23 | 6.30x |
| 2025-12-22 | 6.27x |
| 2025-12-19 | 6.27x |
| 2025-12-18 | 6.34x |
| 2025-12-17 | 6.23x |
| 2025-12-16 | 6.21x |
| 2025-12-15 | 6.28x |
| 2025-12-12 | 6.25x |
| 2025-12-11 | 6.26x |
| 2025-12-10 | 6.28x |
| 2025-12-09 | 6.25x |
| 2025-12-08 | 6.27x |
| 2025-12-05 | 6.27x |
| 2025-12-04 | 6.29x |
| 2025-12-03 | 6.29x |
| 2025-12-02 | 6.16x |
| 2025-12-01 | 6.14x |
| 2025-11-28 | 6.15x |
| 2025-11-26 | 6.06x |
| 2025-11-25 | 5.99x |
| 2025-11-24 | 5.90x |
| 2025-11-21 | 6.01x |
| 2025-11-20 | 5.96x |
| 2025-11-19 | 6.03x |
| 2025-11-18 | 6.05x |
| 2025-11-17 | 6.13x |
| 2025-11-14 | 6.17x |
| 2025-11-13 | 6.19x |
| 2025-11-12 | 6.25x |
| 2025-11-11 | 6.16x |
| 2025-11-10 | 6.08x |
| 2025-11-07 | 6.11x |
| 2025-11-06 | 6.08x |
| 2025-11-05 | 6.16x |
| 2025-11-04 | 6.15x |
| 2025-11-03 | 6.14x |
| 2025-10-31 | 6.14x |
| 2025-10-30 | 6.01x |
| 2025-10-29 | 6.00x |
| 2025-10-28 | 6.08x |
| 2025-10-27 | 6.08x |
| 2025-10-24 | 6.11x |
| 2025-10-23 | 6.14x |
| 2025-10-22 | 6.15x |
| 2025-10-21 | 6.09x |
| 2025-10-20 | 6.11x |
| 2025-10-17 | 6.13x |
| 2025-10-16 | 6.08x |
| 2025-10-15 | 6.20x |
| 2025-10-14 | 6.14x |
| 2025-10-13 | 6.15x |
| 2025-10-10 | 6.07x |
| 2025-10-09 | 6.12x |
| 2025-10-08 | 6.16x |
| 2025-10-07 | 6.19x |
| 2025-10-06 | 6.18x |
| 2025-10-03 | 6.17x |
| 2025-10-02 | 6.07x |
| 2025-10-01 | 6.07x |
| 2025-09-30 | 6.06x |
| 2025-09-29 | 6.04x |
| 2025-09-26 | 5.99x |
| 2025-09-25 | 5.96x |
| 2025-09-24 | 5.95x |
| 2025-09-23 | 5.95x |
| 2025-09-22 | 5.94x |
| 2025-09-19 | 6.01x |
| 2025-09-18 | 6.02x |
| 2025-09-17 | 6.08x |
| 2025-09-16 | 6.13x |
| 2025-09-15 | 6.11x |
| 2025-09-12 | 6.01x |
| 2025-09-11 | 6.04x |
| 2025-09-10 | 5.96x |
| 2025-09-09 | 6.01x |
| 2025-09-08 | 6.11x |
| 2025-09-05 | 6.17x |
| 2025-09-04 | 6.18x |
| 2025-09-03 | 6.18x |
| 2025-09-02 | 6.18x |
| 2025-08-29 | 6.19x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
