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Norfolk SouthernMEX:NSC +12.23%69 Debt-to-Equity is 1.08 as of Mar. 2026, which is 17% above its 10-year median of 0.92. GuruFocus rates MEX:NSC with a GF Score™ of 69/100 and a GF Value™ of MXN4,672.30 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 910 Transportation companies, Norfolk Southern ranks worse than 73.96% 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 Norfolk Southern's Debt-to-Equity or its related term are showing as below:
MEX:NSC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.92 Max: 1.4
Current: 1.08
During the past 13 years, the highest Debt-to-Equity Ratio of Norfolk Southern was 1.40. The lowest was 0.58. And the median was 0.92.
MEX:NSC's Debt-to-Equity is ranked worse than 73.96% of 910
companies
in the Transportation industry
Industry Median: 0.53
vs MEX:NSC: 1.08
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.
Norfolk Southern Debt-to-Equity Related Terms
Norfolk Southern Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Norfolk Southern's Debt-to-Equity 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-Equity Comparison
For the Railroads subindustry, Norfolk Southern'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.
Norfolk Southern Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Norfolk Southern's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Norfolk Southern'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.
Norfolk Southern (MEX:NSC) has a Debt-to-Equity of 1.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Norfolk Southern and its competitors. This is 17% above median its historical median of 0.92. Over the past decade, Norfolk Southern's Debt-to-Equity has ranged from 0.58 to 1.40. According to the industry distribution chart, Norfolk Southern ranks #673 out of 910 companies in the Transportation industry, placing it in the top 74%.
Is Norfolk Southern's Debt-to-Equity too high?
Norfolk Southern's current Debt-to-Equity of 1.08 is 17% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.40. The Transportation industry median Debt-to-Equity is 0.53. Norfolk Southern's value of 1.08 is 103.8% above this industry median. Based on the distribution chart, Norfolk Southern ranks #673 out of 910 companies in the Transportation industry, which is below the industry midpoint. Overall, Norfolk Southern has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norfolk Southern's Debt-to-Equity compare to CSX and WAB?
According to the Transportation industry distribution chart, Norfolk Southern ranks #673 out of 910 companies for Debt-to-Equity. This places Norfolk Southern in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Norfolk Southern's value of 1.08 is 103.8% above this benchmark. Historically, Norfolk Southern's own Debt-to-Equity has ranged from 0.58 to 1.40 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.53, 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-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 910 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. Norfolk Southern's current Debt-to-Equity of 1.08 is 103.8% 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 Norfolk Southern 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. Norfolk Southern's current Debt-to-Equity is 1.08, which is 17% above median its own 10-year median of 0.92. 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?
Based on GuruFocus' analysis, Norfolk Southern (MEX:NSC) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN4,672.30, compared to a current price of MXN5,985.00 — trading 28.1% above its estimated fair value. The current Debt-to-Equity is 1.08, which is 17% above median its 10-year median of 0.92 and 103.8% above the Transportation industry median of 0.53. Norfolk Southern's overall GF Score™ is 69/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Norfolk Southern (MEX:NSC), the current Debt-to-Equity is 1.08 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 MXN5,985.00 is trading 28.1% above its estimated GF Value™ of MXN4,672.30.
GuruFocus considers Norfolk Southern to be Modestly Overvalued.
Key valuation signals for MEX:NSC:
Debt-to-Equity: 1.08 (17% above median its 10-year median of 0.92)
GF Value™: MXN4,672.30 vs. price of MXN5,985.00 (28.1% above fair value)
Industry Position: 103.8% above the Transportation median (#673 of 910)
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.
69GF Score
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