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Norfolk Southern Corporation (NSC) Stock Analysis

Score A

Compounder · Grade C · Unknown

Industrials · Railroads

$320.40

Fair Value

$317.11

-1.0%

Conviction

8/10

Quality

C

Classification

Compounder

Investment Thesis

Good opportunity: Solid company with good risk/reward at 5.0:1.

For New Investors

Quantitative score: high

For Current Holders

Quantitative score: neutral

Buy if

  • Price drops 15-20% (improves asymmetry)
  • Bull scenario catalysts materialize
  • Market-wide correction creates opportunity

Sell if

  • Bear scenario triggers occur
  • Quality metrics deteriorate (ROIC declining)
  • Better alternatives emerge

Valuation

Fair Value estimate: $317.11 (-1.0%). Approximately at fair value. (Methods diverge significantly. Conservative estimate shown.)

PEG-Based EPS

$132.98

FCF DCF Model

$252.83

EV/EBITDA

$416.52

Blended Fair Value

$317.11

Confidence

Low

Methods

PEG-Based EPS (conservative), FCF 2-Stage DCF, EV/EBITDA

Quality Analysis

C

65/120 points

Investable

ROE (3Y Avg)

17.0%

ROIC-WACC Spread

0.1%

D/E Ratio

1.1x

Current Ratio

0.8x

Interest Coverage

5x

FCF Positive Years

3/3

Quality Flags

  • ROIC spread: 0.1pp (got 0/25 pts)
  • Leverage: D/E 1.1x (8/15 pts)
  • Liquidity: Current Ratio 0.85 (7/10 pts)
  • Volatile gross margins: std dev 7.6pp (need <5.0pp)

Market Sentiment

Wall Street Consensus

$327.00

+2.1% Upside

17 analysts

Range: $297.00$360.00

Rating: Hold

Our model is slightly more bullish than Wall Street.

Trend & Technical

Unknown

Insufficient data to calculate SMA 200.

Technical Score0/100

Technical analysis unavailable

Risk & Reward

Asymmetry Ratio

5.00:1

Expected Return

+21.6%

Bull Upside

+50.0%

Bear Downside

-10.0%

Excellent asymmetry: 5.00:1 ratio. Upside significantly outweighs downside.

Verdict: Very Favorable

Scenario Analysis

Bear

Base

Bull

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Frequently Asked Questions

What is the fair value of NSC?

Based on our multi-method conviction analysis, the estimated fair value of Norfolk Southern Corporation (NSC) is $317.11. This is calculated by blending PEG-Based EPS (conservative), FCF 2-Stage DCF, EV/EBITDA and applying a quality premium of 0% based on the company's fundamentals. The confidence level of this estimate is low.

Is NSC a buy, sell, or hold?

NSC currently has a BUY rating with a conviction score of 8/10. Good opportunity: Solid company with good risk/reward at 5.0:1. Quantitative score: high.

Is NSC a high-quality stock?

Norfolk Southern Corporation has a quality grade of C (65/120 points), rated as Investable. Key metrics include ROE of 17.0%, ROIC-WACC spread of 0.1%, and D/E ratio of 1.1x.

What type of stock is NSC?

NSC is classified as a "compounder" in our framework. High P/E: 26.9x, Low dividend (reinvesting): 1.7%, Mature growth: -0.1%, Cyclical sector: Industrials, Dividend paying: 1.7%

What do Wall Street analysts say about NSC?

17 Wall Street analysts have a consensus price target of $327.00 for NSC, representing +2.1% upside. Targets range from $297.00 to $360.00. The consensus recommendation is "Hold". Our model is slightly more bullish than Wall Street.

What are the risks of investing in NSC?

The risk/reward asymmetry ratio for NSC is 5.00:1, rated as Very Favorable. Excellent asymmetry: 5.00:1 ratio. Upside significantly outweighs downside. The expected return is +21.6%, with bull case upside of +50.0% and bear case downside of -10.0%.

What is the current trend for NSC?

NSC is in a unknown trend. Insufficient data to calculate SMA 200. The technical score is —/100.

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Last updated: May 19, 2026 · Framework version 3.7

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.