Union Pacific (BSP:UPAC34) Cyclically Adjusted PS Ratio: 7.28 (As of Aug. 16, 2026) — 15% Above Median

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BSP:UPAC34 Union Pacific Corp BSP:UPAC34
71 GF Score
Price R$64.08
GF Value R$54.67
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Union Pacific Cyclically Adjusted PS Ratio?

Union Pacific BSP:UPAC34 71 Cyclically Adjusted PS Ratio is 7.28 as of Aug. 16, 2026, which is 15% above its 10-year median of 6.32. GuruFocus rates BSP:UPAC34 with a GF Score™ of 71/100 and a GF Value™ of R$54.67 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 764 Transportation companies, Union Pacific ranks worse than 95.68% on this metric.

As of today (2026-08-16), Union Pacific's current share price is R$64.08. Union Pacific's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$8.80. Union Pacific's Cyclically Adjusted PS Ratio for today is 7.28.

The historical rank and industry rank for Union Pacific's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:UPAC34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.11   Med: 6.32   Max: 8.95
Current: 7.22

During the past years, Union Pacific's highest Cyclically Adjusted PS Ratio was 8.95. The lowest was 4.11. And the median was 6.32.

BSP:UPAC34's Cyclically Adjusted PS Ratio is ranked worse than
95.68% of 764 companies
in the Transportation industry
Industry Median: 0.905 vs BSP:UPAC34: 7.22

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Union Pacific's adjusted revenue per share data for the three months ended in Jun. 2026 was R$2.467. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$8.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Pacific  (BSP:UPAC34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Union Pacific Cyclically Adjusted PS Ratio Related Terms


Union Pacific Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Union Pacific's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Union Pacific Cyclically Adjusted PS Ratio Chart

Union Pacific Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.25 6.14 6.88 6.13 5.95

Union Pacific Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.09 5.95 6.08 6.68

BSP:UPAC34 vs CSX, NSC, WAB: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, Union Pacific's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Union Pacific Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Union Pacific's Cyclically Adjusted PS Ratio falls into.


BSP:UPAC34
71GF Score
Union Pacific Corp BSP:UPAC34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Pacific Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Union Pacific's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=64.08/8.80
=7.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Union Pacific's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Union Pacific's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.467/333.9520*333.9520
=2.467

Current CPI (Jun. 2026) = 333.9520.

Union Pacific Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.843 241.428 1.166
201612 0.878 241.432 1.214
201703 0.821 243.801 1.125
201706 0.893 244.955 1.217
201709 0.885 246.819 1.197
201712 0.950 246.524 1.287
201803 0.959 249.554 1.283
201806 1.167 251.989 1.547
201809 1.370 252.439 1.812
201812 1.271 251.233 1.689
201903 1.197 254.202 1.573
201906 1.270 256.143 1.656
201909 1.349 256.759 1.755
201912 1.283 256.974 1.667
202003 1.551 258.115 2.007
202006 1.351 257.797 1.750
202009 1.635 260.280 2.098
202012 1.634 260.474 2.095
202103 1.755 264.877 2.213
202106 1.747 271.696 2.147
202109 1.883 274.310 2.292
202112 2.104 278.802 2.520
202203 1.918 287.504 2.228
202206 2.104 296.311 2.371
202209 2.308 296.808 2.597
202212 2.201 296.797 2.477
202303 2.149 301.836 2.378
202306 1.979 305.109 2.166
202309 2.005 307.789 2.175
202312 2.062 306.746 2.245
202403 2.051 312.332 2.193
202406 2.209 314.175 2.348
202409 2.309 315.301 2.446
202412 2.571 315.605 2.720
202503 2.402 319.799 2.508
202506 2.391 322.561 2.475
202509 2.352 324.800 2.418
202512 2.331 324.054 2.402
202603 2.282 330.213 2.308
202606 2.467 333.952 2.467

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 7.28 mean?
Union Pacific (BSP:UPAC34) has a Cyclically Adjusted PS Ratio of 7.28 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Union Pacific and its competitors. This is 15% above median its historical median of 6.32. Over the past decade, Union Pacific's Cyclically Adjusted PS Ratio has ranged from 4.11 to 8.95. According to the industry distribution chart, Union Pacific ranks #731 out of 764 companies in the Transportation industry, placing it in the top 95.7%.
Is Union Pacific's Cyclically Adjusted PS Ratio too high?
Union Pacific's current Cyclically Adjusted PS Ratio of 7.28 is 15% above median its 10-year median of 6.32. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 8.95. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Union Pacific's value of 7.28 is 704.4% above this industry median. Based on the distribution chart, Union Pacific ranks #731 out of 764 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Union Pacific has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's Cyclically Adjusted PS Ratio compare to CSX and NSC?
According to the Transportation industry distribution chart, Union Pacific ranks #731 out of 764 companies for Cyclically Adjusted PS Ratio. This places Union Pacific in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Union Pacific's value of 7.28 is 704.4% above this benchmark. Historically, Union Pacific's own Cyclically Adjusted PS Ratio has ranged from 4.11 to 8.95 over the past decade. While the company's 10-year median is 6.32 vs. the industry median of 0.91, Union Pacific has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 764 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Pacific's current Cyclically Adjusted PS Ratio of 7.28 is 704.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Union Pacific and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pacific's current Cyclically Adjusted PS Ratio is 7.28, which is 15% above median its own 10-year median of 6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Pacific stock overvalued right now?
Based on GuruFocus' analysis, Union Pacific (BSP:UPAC34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$54.67, compared to a current price of R$64.08 — trading 17.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.28, which is 15% above median its 10-year median of 6.32 and 704.4% above the Transportation industry median of 0.91. Union Pacific's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Union Pacific (BSP:UPAC34), the current Cyclically Adjusted PS Ratio is 7.28 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Union Pacific (BSP:UPAC34) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued. The current stock price of R$64.08 is trading 17.2% above its estimated GF Value™ of R$54.67. GuruFocus considers Union Pacific to be Modestly Overvalued.

Key valuation signals for BSP:UPAC34:

  • Cyclically Adjusted PS Ratio: 7.28 (15% above median its 10-year median of 6.32)
  • GF Value™: R$54.67 vs. price of R$64.08 (17.2% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 704.4% above the Transportation median (#731 of 764)

No single metric tells the full story. See the BSP:UPAC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Union Pacific Business Description

Address 1400 Douglas Street, Omaha, NE, USA, 68179
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two-thirds of the US, Union Pacific generated $24.5 billion of revenue in 2025 by hauling coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one-fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.
71GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$64.08
Price
R$54.67
GF Value