Basis: Latest stored market observation. 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 22.60 is 11% above its 5-year average of 20.39, around the middle of its 5-year range (15.66–28.75).
As of Tuesday, August 11, 2026. 15.08% above its 12-month average of 19.64.
PE Ratio (22.60) = Close Price ($126.32) / Diluted TTM EPS ($5.59)
PE RATIO
22.60
PE RATIO AVG TTM
19.64
PE RATIO AVG 3Y
19.44
PE RATIO AVG 5Y
20.39
PE RATIO AVG 10Y
20.07
PE RATIO AVG 15Y
17.49
PE RATIO AVG 20Y
15.76
CURRENT VS TTM AVG
+15.08%
CURRENT VS 3Y AVG
+16.28%
CURRENT VS 5Y AVG
+10.86%
CURRENT VS 10Y AVG
+12.61%
CURRENT VS 15Y AVG
+29.22%
CURRENT VS 20Y AVG
+43.38%
SECTOR MEDIAN · INDUSTRIALS
30.51
median of 121 covered companies
CURRENT VS SECTOR MEDIAN
-25.93%
vs the sector median at left
Canadian National Railway Company
Market Cap
$76.41B
PE Ratio
22.60
TTM Avg
19.64
3Y Avg
19.44
5Y Avg
20.39
Market Cap
$75.01B
PE Ratio
28.55
TTM Avg
23.28
3Y Avg
24.60
5Y Avg
22.71
Market Cap
$73.37B
PE Ratio
8.51
TTM Avg
12.84
3Y Avg
12.39
5Y Avg
12.72
Market Cap
$81.24B
PE Ratio
27.44
TTM Avg
24.14
3Y Avg
25.44
5Y Avg
25.47
Market Cap
$81.64B
PE Ratio
18.29
TTM Avg
20.74
3Y Avg
23.42
5Y Avg
19.40
Market Cap
$69.53B
PE Ratio
279.45
TTM Avg
3989.54
3Y Avg
3837.01
5Y Avg
3837.01
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $76.41B | 22.60 | 19.64 | 19.44 | 20.39 |
| FedEx Corporation (FDX)vs › | $76.68B | 17.58 | 14.51 | 13.25 | 12.58 |
| Norfolk Southern Corporation (NSC)vs › | $75.01B | 28.55 | 23.28 | 24.60 | 22.71 |
| Honeywell International Inc. (HON)vs › | $73.37B | 8.51 | 12.84 | 12.39 | 12.72 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.24B | 27.44 | 24.14 | 25.44 | 25.47 |
| Northrop Grumman Corporation (NOC)vs › | $81.64B | 18.29 | 20.74 | 23.42 | 19.40 |
| Cintas Corporation (CTAS)vs › | $81.79B | 41.81 | 41.12 | 45.31 | 41.93 |
| United Rentals, Inc. (URI)vs › | $70.50B | 27.54 | 23.52 | 19.77 | 18.21 |
| Bloom Energy Corporation (BE)vs › | $69.53B | 279.45 | 3989.54 | 3837.01 | 3837.01 |
| TransDigm Group Incorporated (TDG)vs › | $69.98B | 37.12 | 41.17 | 46.37 | 48.71 |
At 22.6, P/E is above its 20-year median — higher than 90% of readings in its 20-year history.
20-year low
3.9
median
17.3
20-year high
32.7
Trailing P/E
22.6
Forward P/E
15.4
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$126.32
Forward EPS (Est.)
$8.22
Forward P/E
15.37
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
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 |
|---|---|
| 2026-08-11 | 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 | 23.18 |
| 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 | 19.62 |
| 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 | 18.19 |
| 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 | 18.31 |
| 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 |
| 2025-08-28 | 18.50 |
| 2025-08-27 | 18.72 |
| 2025-08-26 | 18.59 |
| 2025-08-25 | 18.27 |
| 2025-08-22 | 18.47 |
| 2025-08-21 | 18.10 |
| 2025-08-20 | 18.06 |
| 2025-08-19 | 18.16 |
| 2025-08-18 | 17.94 |
| 2025-08-15 | 17.97 |
| 2025-08-14 | 17.86 |
| 2025-08-13 | 18.07 |
| 2025-08-12 | 18.05 |
| 2025-08-11 | 17.95 |
| 2025-08-08 | 17.82 |
| 2025-08-07 | 17.80 |
| 2025-08-06 | 18.12 |
| 2025-08-05 | 18.13 |
| 2025-08-04 | 18.04 |
| 2025-08-01 | 17.88 |
| 2025-07-31 | 17.99 |
| 2025-07-30 | 18.14 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.