What is the latest published NSC stock rating?

Norfolk Southern Corporation is shown with Sell in the latest published report, analyzed 2026-09-27. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full NSC analysis?

The full latest published report, analyzed 2026-09-27, lives at /stocks/NSC/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for NSC?

The latest published report analyzed 2026-09-27 gives NSC a fair value of USD 185 and a potential value of USD 225. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the NSC page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-27). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

NSC Stock: Fundamentals & Analysis | StockMarketAgent.AI

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Norfolk Southern Corporation (NSC)

NYSE: NSC · USD

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StockMarketAgent Research · Analyzed 2026-09-27

Our latest published analysis: NSC rated Sell

Norfolk Southern Corporation's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$185 / share

Potential value

$225 / share

Upside to FV

-40.8%

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$70.3B
P/E (forward)	22.3x

Market data

Price

Recent price action with selectable time range.

Financial snapshot

P/E (forward): 22.3x
Market cap: $70.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$11.14B	$12.75B	$12.16B	$12.12B	$12.18B	+2.3%
Gross profit	$4.37B	$4.73B	$6.10B	$3.76B	$5.17B	+4.3%
Operating income	$4.45B	$4.81B	$2.85B	$4.07B	$4.36B	-0.5%
Net income	$3.01B	$3.27B	$1.83B	$2.62B	$2.87B	-1.1%
EPS (diluted)	$12.11	$13.88	$8.02	$11.57	$12.75	+1.3%
EBITDA	$5.71B	$6.04B	$2.85B	$5.49B	$5.85B	+0.6%
R&D	—	—	—	—	—	—
SG&A	$102.0M	$126.0M	$65.0M	$120.0M	$753.0M	+64.8%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	—	—	—	—	—	—	売り
ABT	Abbott Laboratories	—	—	—	—	—	—	縮小
ACN	Accenture plc	—	—	—	—	—	—	ホールド
AAL	American Airlines Group Inc.	—	—	—	—	—	—	ホールド
ADP	Automatic Data Processing, Inc.	—	—	—	—	—	—	ホールド
ALLE	Allegion plc	—	—	—	—	—	—	ホールド

Base and Bull scenarios

Base60%

Price target

$185.33

-40.8% from spot

The modal base case, carrying a probability of 60.0%, reflects steady operational recovery and cost discipline. Operating margins normalize as planned efficiency initiatives take hold, while annual capital expenditures step down in line with reaffirmed management targets. Merchandise carload growth tracks moderate industrial expansion, supported by rail's fuel cost leadership over highway transport. However, because the shares trade at $313.00, the base case target of $185.33 represents an implied return of -40.8%, reflecting substantial multiple contraction toward normalized railroad valuation.

Reaffirmed capital expenditure guidance is achieved, normalizing annual network reinvestment
Operating margins expand gradually toward long-term historical norms as cost takeout targets are realized
Merchandise revenues maintain steady contract rate increases and stable traffic volumes
Terminal valuation multiples align with mature Class I railroad peer benchmarks

Bull20%

Price target

$224.54

-28.3% from spot

Under the bull scenario, with an assigned probability of 20.0%, scheduled railroading productivity accelerates rapidly. Train block speed and origination velocity eliminate network bottlenecks, allowing train sets to be removed from service and redeploying locomotive power and crews. Operating margins expand toward peer-leading levels while capital expenditures moderate below management guidance. Accelerated commercial development along eastern corridors drives robust merchandise volumes, yielding a target valuation of $224.54 and an implied return of -28.3% from the analysis price of $313.00.

Train block speed and origination velocity improvements enable significant train set removals and productivity gains
Operating margins expand toward Class I peer efficiency levels closing the historical performance gap
Capital expenditures decline below full-year guidance targets expanding free cash conversion
Industrial reshoring along the eastern network accelerates commercial merchandise traffic commitments

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($185.33). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
9.1%	$193	$194	$196	$198	$201
9.6%	$187	$189	$190	$192	$194
10.1%	$183	$184	$185	$187	$188
10.6%	$179	$180	$181	$182	$183
11.1%	$175	$176	$177	$178	$179

Scorecard

Published factor rows and weighted composite

Valuation1.5

Management7.5

Balance Sheet3.0

Profitability6.5

Revenue Growth6.0

Risk Assessment4.5

Competitive Moat7.5

Earnings Quality7.5

Capital Efficiency5.5

Weighted composite

5.5/10

Mixed

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	3.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	4.5
Competitive Moat	7.5
Earnings Quality	7.5
Capital Efficiency	5.5

レーティング履歴

各月に公開されたリサーチ版が示したレーティングです。レーティングは分析時点の株価を公正価値と比較したもので、判断が当たったかどうかの記録ではありません。

年	1月	2月	3月	4月	5月	6月	7月	8月	9月	10月	11月	12月
2026

Norfolk Southern Corporation (NSC)

Our latest published analysis: NSC rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · NSC

Valuation

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

Deeper analysis on NSC

Frequently asked questions

レーティング履歴