Norfolk Southern (NSC) EV to EBITDA (2009 - 2026)
Norfolk Southern's (NSC) EV to EBITDA stood at 12.31 in Q3 2026, up 10.6% from 11.12 a year earlier but down 3.7% from the prior quarter.
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Analysis
Norfolk Southern (NSC) EV to EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Norfolk Southern's EV to EBITDA came in at 11.59 as of Sep 30, 2026, up 10.8% year-over-year; for FY2025, it was 11.00, up 16.0% from FY2024.
- Across earlier years, EV to EBITDA came in at 9.49 in FY2024 (-24.0%), 12.48 in FY2023 (+35.0%), 9.24 in FY2022 (-26.4%) and 12.56 in FY2021 (-11.2%).
- Quarterly EV to EBITDA has ranged from 7.93 in Q3 2022 to 15.52 in Q1 2024 over the past five years.
- On a year-over-year basis, EV to EBITDA has increased for five consecutive quarters, with growth averaging 2.7% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 84.7% in Q1 2024, against a decline of 47.0% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.78 (Q2 2026), 11.51 (Q1 2026) and 11.00 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 176.01 Bn | 168.25 Bn | - |
| 2 | Csx | 93.62 Bn | 88.85 Bn | - |
| 3 | United Parcel Service | 92.85 Bn | 69.67 Bn | - |
| 4 | Canadian Pacific Kansas City | 82.31 Bn | 81.35 Bn | - |
| 5 | Fedex | 74.59 Bn | 40.78 Bn | - |
| 6 | Norfolk Southern | 72.94 Bn | 67.40 Bn | - |
| 7 | Delta Air Lines | 59.87 Bn | 42.05 Bn | - |
| 8 | United Airlines Holdings | 39.08 Bn | -18.61 Bn | - |
| 9 | Old Dominion Freight Line | 34.91 Bn | 33.76 Bn | - |
| 10 | Ryanair Holdings | 32.51 Bn | -871.89 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.31 |
| Jun 30, 2026 | 12.78 |
| Mar 31, 2026 | 11.51 |
| Dec 31, 2025 | 11.00 |
| Sep 30, 2025 | 11.12 |
| Jun 30, 2025 | 8.75 |
| Mar 31, 2025 | 8.23 |
| Dec 31, 2024 | 9.49 |
| Sep 30, 2024 | 10.86 |
| Jun 30, 2024 | 11.30 |
| Mar 31, 2024 | 15.52 |
| Dec 31, 2023 | 12.48 |
| Sep 30, 2023 | 9.56 |
| Jun 30, 2023 | 10.19 |
| Mar 31, 2023 | 8.41 |
| Dec 31, 2022 | 9.24 |
| Sep 30, 2022 | 7.93 |
| Jun 30, 2022 | 8.95 |
| Mar 31, 2022 | 11.63 |
| Dec 31, 2021 | 12.56 |
API Access
Norfolk Southern EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();