NORFOLK SOUTHERN CORP (NSC)
Railroads, Line-Haul Operating
Latest Price
$333.93
TTM P/E
28.49
Normalized P/E
28.75
Div Yield
1.62%
Book Value
72.40
P/B Ratio
4.61
Valuation metrics
adjust assumptions →EPS: $12.75
Book value / share: $69.28
Formula: √(22.5 × EPS × BVPS)
Graham Number
$140.97
58% downside
Norm. op. income: $4.1B (median of 7yr)
Tax rate: 21%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$73.53
78% downside
Base FCF: $2.2B (median of recent 5yr)
Growth: 20%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$417.75
+25% upside
EPS: $12.75
Target P/E: 29×
Formula: EPS × P/E
P/E Fair Value
$369.75
+11% upside
Institutional Ownership
70.9% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 15.28M | $4.38B | 6.80% | +370.3K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 14.59M | $4.19B | 6.49% | -- | 2026-03-31 |
| STATE STREET CORP | 9.83M | $2.82B | 4.38% | +123.5K | 2026-03-31 |
| Dodge & Cox | 6.26M | $1.79B | 2.79% | -3.37M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 5.08M | $1.45B | 2.26% | +198.2K | 2026-03-31 |
| MILLENNIUM MANAGEMENT LLC | 4.59M | $1.32B | 2.04% | +413.2K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.03M | $1.16B | 1.79% | -- | 2026-03-31 |
| BANK OF AMERICA CORP /DE/ | 3.20M | $918.0M | 1.43% | -27.6K | 2026-03-31 |
| CITADEL ADVISORS LLC | 2.68M | $769.0M | 1.19% | +26.7K | 2026-03-31 |
| NORTHERN TRUST CORP | 2.64M | $757.0M | 1.17% | -54.7K | 2026-03-31 |