Union Pacific (XTER:UNP) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:UNP Union Pacific Corp XTER:UNP
88 GF Score
Price €270.70
GF Value €220.71
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Union Pacific Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Pacific  (XTER:UNP) 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 0.00

XTER:UNP 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.


XTER:UNP
88GF Score
Union Pacific Corp XTER:UNP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 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)
=10.03/333.9520*333.9520
=10.030

Current CPI (Jun. 2026) = 333.9520.

Union Pacific Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.540 241.428 7.663
201612 5.954 241.432 8.236
201703 5.889 243.801 8.067
201706 5.789 244.955 7.892
201709 5.689 246.819 7.697
201712 5.849 246.524 7.923
201803 5.696 249.554 7.622
201806 6.358 251.989 8.426
201809 6.857 252.439 9.071
201812 6.904 251.233 9.177
201903 6.622 254.202 8.699
201906 6.995 256.143 9.120
201909 7.136 256.759 9.281
201912 6.749 256.974 8.771
202003 6.896 258.115 8.922
202006 5.549 257.797 7.188
202009 6.171 260.280 7.918
202012 6.267 260.474 8.035
202103 6.277 264.877 7.914
202106 6.921 271.696 8.507
202109 7.275 274.310 8.857
202112 7.904 278.802 9.467
202203 8.398 287.504 9.755
202206 9.462 296.311 10.664
202209 10.670 296.808 12.005
202212 9.505 296.797 10.695
202303 9.250 301.836 10.234
202306 9.030 305.109 9.884
202309 9.129 307.789 9.905
202312 9.260 306.746 10.081
202403 9.093 312.332 9.722
202406 9.144 314.175 9.720
202409 9.017 315.301 9.550
202412 9.657 315.605 10.218
202503 9.262 319.799 9.672
202506 8.970 322.561 9.287
202509 8.968 324.800 9.221
202512 8.756 324.054 9.023
202603 9.059 330.213 9.162
202606 10.030 333.952 10.030

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.

Is Union Pacific (XTER:UNP) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued. The current stock price of €270.70 is trading 22.6% above its estimated GF Value™ of €220.71. GuruFocus considers Union Pacific to be Modestly Overvalued.

Key valuation signals for XTER:UNP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €220.71 vs. price of €270.70 (22.6% above fair value)
  • GF Score™: 88/100 with 5 warning signs

No single metric tells the full story. See the XTER:UNP 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.
88GF Score

Get the complete analysis for XTER:UNP

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

€270.70
Price
€220.71
GF Value