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Norfolk SouthernMEX:NSC 83 Debt-to-EBITDA is 3.38 as of Mar. 2026, which is 33% above its 10-year median of 2.54. GuruFocus rates MEX:NSC with a GF Score™ of 83/100 and a GF Value™ of MXN4,157.68. The stock has 10 warning signs investors should review. Among 869 Transportation companies, Norfolk Southern ranks worse than 56.04% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Norfolk Southern's Debt-to-EBITDA or its related term are showing as below:
MEX:NSC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.08 Med: 2.54 Max: 4.05
Current: 3.06
During the past 13 years, the highest Debt-to-EBITDA Ratio of Norfolk Southern was 4.05. The lowest was 2.08. And the median was 2.54.
MEX:NSC's Debt-to-EBITDA is ranked worse than 56.04% of 869
companies
in the Transportation industry
Industry Median: 2.64
vs MEX:NSC: 3.06
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Norfolk Southern Debt-to-EBITDA Related Terms
Norfolk Southern Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Norfolk Southern's Debt-to-EBITDA 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.
MEX:NSC vs CSX, WAB, TRN: Debt-to-EBITDA Comparison
For the Railroads subindustry, Norfolk Southern's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Norfolk Southern Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Norfolk Southern's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Norfolk Southern's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Norfolk Southern (MEX:NSC) has a Debt-to-EBITDA of 3.38 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Norfolk Southern. This is 33% above median its historical median of 2.54. Over the past decade, Norfolk Southern's Debt-to-EBITDA has ranged from 2.08 to 4.05. According to the industry distribution chart, Norfolk Southern ranks #487 out of 869 companies in the Transportation industry, placing it in the top 56%.
Is Norfolk Southern's Debt-to-EBITDA too high?
Norfolk Southern's current Debt-to-EBITDA of 3.38 is 33% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 4.05. The Transportation industry median Debt-to-EBITDA is 2.64. Norfolk Southern's value of 3.38 is 28% above this industry median. Based on the distribution chart, Norfolk Southern ranks #487 out of 869 companies in the Transportation industry, which is below the industry midpoint. Overall, Norfolk Southern has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Norfolk Southern's Debt-to-EBITDA compare to CSX and WAB?
According to the Transportation industry distribution chart, Norfolk Southern ranks #487 out of 869 companies for Debt-to-EBITDA. This places Norfolk Southern in the lower half of its industry. The industry median Debt-to-EBITDA is 2.64. Norfolk Southern's value of 3.38 is 28% above this benchmark. Historically, Norfolk Southern's own Debt-to-EBITDA has ranged from 2.08 to 4.05 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 2.64, Norfolk Southern 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 Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Norfolk Southern's current Debt-to-EBITDA of 3.38 is 28% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Norfolk Southern. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norfolk Southern's current Debt-to-EBITDA is 3.38, which is 33% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norfolk Southern stock overvalued right now?
Norfolk Southern (MEX:NSC) has a current Debt-to-EBITDA of 3.38. The stock's GF Value™ is MXN4,157.68, compared to a current price of MXN5,332.88 — trading 28.3% above its estimated fair value. The current Debt-to-EBITDA is 3.38, which is 33% above median its 10-year median of 2.54 and 28% above the Transportation industry median of 2.64. Norfolk Southern's overall GF Score™ is 83/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Norfolk Southern (MEX:NSC), the current Debt-to-EBITDA is 3.38 as of Mar. 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 Norfolk Southern (MEX:NSC) Overvalued in 2026?
Based on GuruFocus' analysis, Norfolk Southern stock appears to be overvalued.
The current stock price of MXN5,332.88 is trading 28.3% above its estimated GF Value™ of MXN4,157.68.
Key valuation signals for MEX:NSC:
Debt-to-EBITDA: 3.38 (33% above median its 10-year median of 2.54)
GF Value™: MXN4,157.68 vs. price of MXN5,332.88 (28.3% above fair value)
Industry Position: 28% above the Transportation median (#487 of 869)
No single metric tells the full story. See the MEX:NSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Class I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, agricultural, metal, chemical, and forest products.
83GF Score
Get the complete analysis for MEX:NSC
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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