Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 27.33 as of Sunday, July 26, 2026.
Forward PE Ratio (27.33) = Close Price ($348.35) / Consensus Forward EPS ($12.83)
FORWARD PE RATIO
27.33
SECTOR MEDIAN · INDUSTRIALS
25.88
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+5.62%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$78.24B
Forward PE Ratio
27.33
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Norfolk Southern Corporation (NSC) | $78.24B | 27.33 |
| Northrop Grumman Corporation (NOC)vs › | $78.19B | 18.96 |
| Honeywell International Inc. (HON)vs › | $78.09B | 29.28 |
| Canadian National Railway Company (CNI)vs › | $78.40B | 15.97 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.73B | 17.79 |
| FedEx Corporation (FDX)vs › | $73.99B | 15.86 |
| Illinois Tool Works Inc. (ITW)vs › | $82.70B | 25.03 |
| Emerson Electric Co. (EMR)vs › | $83.22B | 22.74 |
| Cintas Corporation (CTAS)vs › | $84.11B | 42.06 |
| TransDigm Group Incorporated (TDG)vs › | $71.61B | 30.89 |
Trailing P/E
29.9
reported TTM EPS
Forward P/E
27.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.83 implies +9.5% EPS growth vs the reported trailing $11.72.
At today's $348.35 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 | $12.83 | $12.34 – $13.48 | 10 | 27.1x |
| 2027-12-31 | $14.24 | $13.87 – $14.92 | 13 | 24.5x |
| 2028-12-31 | $15.59 | $15.25 – $16.00 | 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
