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Canadian National Railway CoCNI -0.67%90 Debt-to-Equity is 1.03 as of Jun. 2026, which is 37% above its 10-year median of 0.75. GuruFocus rates CNI with a GF Score™ of 90/100 and a GF Value™ of $119.53 (Fairly Valued). The stock has 7 warning signs investors should review. Among 907 Transportation companies, Canadian National Railway Co ranks worse than 72.22% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Canadian National Railway Co's Debt-to-Equity or its related term are showing as below:
CNI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.75 Max: 1.08
Current: 1.03
During the past 13 years, the highest Debt-to-Equity Ratio of Canadian National Railway Co was 1.08. The lowest was 0.57. And the median was 0.75.
CNI's Debt-to-Equity is ranked worse than 72.22% of 907
companies
in the Transportation industry
Industry Median: 0.53
vs CNI: 1.03
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Canadian National Railway Co Debt-to-Equity Related Terms
Canadian National Railway Co Debt-to-Equity Historical Data
* 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.
For the Railroads subindustry, Canadian National Railway Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Canadian National Railway Co Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Canadian National Railway Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Canadian National Railway Co's Debt-to-Equity 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.
Canadian National Railway Co (CNI) has a Debt-to-Equity of 1.03 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Canadian National Railway Co and its competitors. This is 37% above median its historical median of 0.75. Over the past decade, Canadian National Railway Co's Debt-to-Equity has ranged from 0.57 to 1.08. According to the industry distribution chart, Canadian National Railway Co ranks #655 out of 907 companies in the Transportation industry, placing it in the top 72.2%.
Is Canadian National Railway Co's Debt-to-Equity too high?
Canadian National Railway Co's current Debt-to-Equity of 1.03 is 37% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.08. The Transportation industry median Debt-to-Equity is 0.53. Canadian National Railway Co's value of 1.03 is 94.3% above this industry median. Based on the distribution chart, Canadian National Railway Co ranks #655 out of 907 companies in the Transportation industry, which is below the industry midpoint. Overall, Canadian National Railway Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian National Railway Co's Debt-to-Equity compare to UNP and CSX?
According to the Transportation industry distribution chart, Canadian National Railway Co ranks #655 out of 907 companies for Debt-to-Equity. This places Canadian National Railway Co in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Canadian National Railway Co's value of 1.03 is 94.3% above this benchmark. Historically, Canadian National Railway Co's own Debt-to-Equity has ranged from 0.57 to 1.08 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.53, Canadian National Railway Co 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-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian National Railway Co's current Debt-to-Equity of 1.03 is 94.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Canadian National Railway Co and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian National Railway Co's current Debt-to-Equity is 1.03, which is 37% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian National Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Canadian National Railway Co (CNI) is currently considered Fairly Valued. The stock's GF Value™ is $119.53, compared to a current price of $126.84 — trading 6.1% above its estimated fair value. The current Debt-to-Equity is 1.03, which is 37% above median its 10-year median of 0.75 and 94.3% above the Transportation industry median of 0.53. Canadian National Railway Co's overall GF Score™ is 90/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current Debt-to-Equity is 1.03 as of Jun. 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 Canadian National Railway Co (CNI) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian National Railway Co stock appears to be overvalued.
The current stock price of $126.84 is trading 6.1% above its estimated GF Value™ of $119.53.
GuruFocus considers Canadian National Railway Co to be Fairly Valued.
Key valuation signals for CNI:
Debt-to-Equity: 1.03 (37% above median its 10-year median of 0.75)
GF Value™: $119.53 vs. price of $126.84 (6.1% above fair value)
Industry Position: 94.3% above the Transportation median (#655 of 907)
No single metric tells the full story. See the CNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2025, CN generated CAD 17.7 billion in revenue by hauling intermodal containers (22% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (23%), forest products (10%), metals and minerals (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.
90GF Score
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