Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 15.37.
Forward PE Ratio (15.37) = Close Price ($126.19) / Consensus Forward EPS ($8.22)
FORWARD PE RATIO
15.37
SECTOR MEDIAN · INDUSTRIALS
25.13
median of 121 covered companies
CURRENT VS SECTOR MEDIAN
-38.84%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.33B
Forward PE Ratio
15.37
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Canadian National Railway Company (CNI) | $76.33B | 15.37 |
| FedEx Corporation (FDX)vs › | $76.64B | 16.23 |
| Norfolk Southern Corporation (NSC)vs › | $74.97B | 25.94 |
| Honeywell International Inc. (HON)vs › | $73.28B | 27.66 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.22B | 17.52 |
| Northrop Grumman Corporation (NOC)vs › | $81.76B | 20.04 |
| Cintas Corporation (CTAS)vs › | $81.80B | 41.93 |
| United Rentals, Inc. (URI)vs › | $70.50B | 23.16 |
| Bloom Energy Corporation (BE)vs › | $70.15B | 79.85 |
| TransDigm Group Incorporated (TDG)vs › | $69.98B | 30.00 |
Trailing P/E
22.6
reported TTM EPS
Forward P/E
15.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $8.22 implies +47.0% EPS growth vs the reported trailing $5.59.
At today's $126.19 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 | $8.22 | $8.07 – $8.37 | 18 | 15.4x |
| 2027-12-31 | $9.09 | $8.88 – $9.30 | 19 | 13.9x |
| 2028-12-31 | $10.07 | $9.77 – $10.37 | 9 | 12.5x |
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
