Union Pacific (BSP:UPAC34) E10: R$2.60 (As of Jun. 2026)

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BSP:UPAC34 Union Pacific Corp BSP:UPAC34
78 GF Score
Price R$63.12
GF Value R$54.80
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Union Pacific E10?

Union Pacific BSP:UPAC34 +0.57% 78 E10 is R$2.60 as of Jun. 2026. GuruFocus rates BSP:UPAC34 with a GF Score™ of 78/100 and a GF Value™ of R$54.80 (Modestly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Union Pacific's adjusted earnings per share data for the three months ended in Jun. 2026 was R$0.717. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$2.60 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Union Pacific's average E10 Growth Rate was 8.30% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 9.80% per year. During the past 10 years, the average E10 Growth Rate was 12.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Union Pacific was 19.10% per year. The lowest was -8.20% per year. And the median was 12.40% per year.

As of today (2026-08-12), Union Pacific's current stock price is R$63.12. Union Pacific's E10 for the quarter that ended in Jun. 2026 was R$2.60. Union Pacific's Shiller PE Ratio of today is 24.28.

During the past 13 years, the highest Shiller PE Ratio of Union Pacific was 33.50. The lowest was 18.10. And the median was 25.41.


Union Pacific  (BSP:UPAC34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Union Pacific's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=63.12/2.60
=24.28

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Union Pacific was 33.50. The lowest was 18.10. And the median was 25.41.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Union Pacific E10 Related Terms


Union Pacific E10 Historical Data

* Premium members only.

The historical data trend for Union Pacific's E10 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 E10 Chart

Union Pacific Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 2.08 2.01 2.77 2.67

Union Pacific Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 2.52 2.51 2.67 2.63 2.60

BSP:UPAC34 vs CSX, NSC, WAB: E10 Comparison

For the Railroads subindustry, Union Pacific's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Transportation Industry

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

* The bar in red indicates where Union Pacific's Shiller PE Ratio falls into.


BSP:UPAC34
78GF Score
Union Pacific Corp BSP:UPAC34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Pacific E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.717/333.9520*333.9520
=0.717

Current CPI (Jun. 2026) = 333.9520.

Union Pacific Quarterly Data

per share eps CPI Adj_EPS
201609 0.184 241.428 0.255
201612 0.194 241.432 0.268
201703 0.172 243.801 0.236
201706 0.199 244.955 0.271
201709 0.196 246.819 0.265
201712 1.270 246.524 1.720
201803 0.230 249.554 0.308
201806 0.311 251.989 0.412
201809 0.368 252.439 0.487
201812 0.343 251.233 0.456
201903 0.309 254.202 0.406
201906 0.357 256.143 0.465
201909 0.381 256.759 0.496
201912 0.345 256.974 0.448
202003 0.438 258.115 0.567
202006 0.361 257.797 0.468
202009 0.452 260.280 0.580
202012 0.439 260.474 0.563
202103 0.470 264.877 0.593
202106 0.570 271.696 0.701
202109 0.565 274.310 0.688
202112 0.627 278.802 0.751
202203 0.533 287.504 0.619
202206 0.616 296.311 0.694
202209 0.666 296.808 0.749
202212 0.584 296.797 0.657
202303 0.579 301.836 0.641
202306 0.520 305.109 0.569
202309 0.516 307.789 0.560
202312 0.553 306.746 0.602
202403 0.558 312.332 0.597
202406 0.615 314.175 0.654
202409 0.635 315.301 0.673
202412 0.740 315.605 0.783
202503 0.648 319.799 0.677
202506 0.728 322.561 0.754
202509 0.673 324.800 0.692
202512 0.707 324.054 0.729
202603 0.625 330.213 0.632
202606 0.717 333.952 0.717

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$2.60 mean?
Union Pacific (BSP:UPAC34) has a E10 of R$2.60 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Union Pacific and its competitors.
Is Union Pacific's E10 too high?
Union Pacific's current E10 is R$2.60. Overall, Union Pacific has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's E10 compare to CSX and NSC?
Union Pacific's E10 of R$2.60 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Transportation company?
A good E10 depends on the Transportation industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Union Pacific and its competitors. Union Pacific's current E10 is R$2.60. 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$54.80, compared to a current price of R$63.12 — trading 15.2% above its estimated fair value. The current E10 is R$2.60. Union Pacific's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Union Pacific (BSP:UPAC34), the current E10 is R$2.60 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 Union Pacific (BSP:UPAC34) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued. The current stock price of R$63.12 is trading 15.2% above its estimated GF Value™ of R$54.80. GuruFocus considers Union Pacific to be Modestly Overvalued.

Key valuation signals for BSP:UPAC34:

  • E10: R$2.60
  • GF Value™: R$54.80 vs. price of R$63.12 (15.2% above fair value)
  • GF Score™: 78/100 with 5 warning signs

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.
78GF Score

Get the complete analysis for BSP:UPAC34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$63.12
Price
R$54.80
GF Value