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Norfolk Southern Corp NSC Stock Quote

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  • Last Close 202.50
  • Sector Industrials
  • Industry Railroads
  • Investment Style Large Value
  • Day Range 200.65  –  204.86
  • Year Range 194.05  –  261.71
  • Market Cap 45.9706 Bil
  • Volume / Avg 1.1 Mil /  1.2 Mil
  • Price / Sales 3.67
  • Price / Book 3.64
  • Forward Div Yield 2.42%
  • Trailing Div Yield 2.61%

Morningstar‘s Stock Analysis NSC

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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Norfolk Southern's Volumes Navigating Anemic Intermodal Activity and Derailment Disruption

Matthew Young Senior Equity Analyst

Business Strategy and Outlook

| Matthew Young |

Norfolk Southern is a well-managed enterprise, and from the start of the rail renaissance in 2004 through 2008, it posted the highest margins among U.S. Class I railroads. However, its operating ratio (expenses/revenue) deteriorated to 75.4% in 2009 and remained stuck between 69% and 73% from 2010 to 2015. This paled in comparison to progress made by peers Union Pacific and Canadian Pacific, which lack Norfolk's exposure to Appalachian coal. However, by 2017 the rail was back on track, improving to an adjusted 60.1% in 2021. In recent years, Norfolk renewed its commitment to pricing discipline and adopted precision railroading principles. Despite setbacks in 2022 linked to labor constraints and service issues, PSR has yielded more efficient use of locomotive assets and labor. Norfolk is grappling with derailment disruption, wage hikes, and sluggish U.S. industrial production in 2023, but we look for OR gains to resume longer term as the firm optimizes network service and refines its PSR playbook. Of note, in late 2019, former Canadian National CEO Claude Mongeau (2010-16) joined Norfolk's board of directors to help bolster PSR efforts.

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Key Statistics NSC

Company Profile NSC

Business Description

Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the firm hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.

650 West Peachtree Street NW
Norfolk, VA, 30308-1925
Industry Railroads
Employees 19,300

Related Articles NSC

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of NSC’s competitive advantage.

Norfolk Southern Corp


CSX Corp


Union Pacific Corp


Canadian National Railway Co

+$1.22 (0.61%) +$0.18 (0.58%) −$2.16 (1.02%) −$0.06 (0.04%)
Market Cap
45.97 Bil62.60 Bil127.52 Bil97.37 Bil
Railroads Railroads Railroads Railroads

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Norfolk Southern Corp Stock

Yes. NSC has a forward dividend yield of 2.67%. See NSC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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NSC’s market cap is 45.97 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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NSC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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NSC’s price/sales is 3.67.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

NSC’s price/forward earnings is 18.19.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

NSC’s price/book is 3.64.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See NSC’s valuation ratios compared to the Market Index.

NSC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare NSC’s historical performance against its industry peers and the overall market.