CNI (Canadian National Railway Co) E10: $5.53 (As of Mar. 2026)


CNI Canadian National Railway Co CNI
91 GF Score
Price $115.91
GF Value $114.60
Valuation Fairly Valued
! 6 Warning Signs
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What is Canadian National Railway Co E10?

Canadian National Railway Co CNI +0.88% 91 E10 is $5.53 as of Mar. 2026. GuruFocus rates CNI with a GF Score™ of 91/100 and a GF Value™ of $114.60 (Fairly Valued). The stock has 6 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.

Canadian National Railway Co's adjusted earnings per share data for the three months ended in Mar. 2026 was $1.363. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.53 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Canadian National Railway Co's average E10 Growth Rate was 4.80% per year. During the past 3 years, the average E10 Growth Rate was 6.90% per year. During the past 5 years, the average E10 Growth Rate was 9.30% per year. During the past 10 years, the average E10 Growth Rate was 10.40% 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 Canadian National Railway Co was 15.80% per year. The lowest was 6.90% per year. And the median was 12.15% per year.

As of today (2026-06-25), Canadian National Railway Co's current stock price is $115.91. Canadian National Railway Co's E10 for the quarter that ended in Mar. 2026 was $5.53. Canadian National Railway Co's Shiller PE Ratio of today is 20.96.

During the past 13 years, the highest Shiller PE Ratio of Canadian National Railway Co was 32.70. The lowest was 17.11. And the median was 26.39.


Canadian National Railway Co  (NYSE:CNI) 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.

Canadian National Railway Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=115.91/5.53
=20.96

* 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 Canadian National Railway Co was 32.70. The lowest was 17.11. And the median was 26.39.


Be Aware

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


Canadian National Railway Co E10 Related Terms


Canadian National Railway Co E10 Historical Data

* Premium members only.

The historical data trend for Canadian National Railway Co'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.

Canadian National Railway Co E10 Chart

Canadian National Railway Co 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 4.33 4.57 5.17 4.99 5.49

Canadian National Railway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.12 5.46 5.38 5.49 5.53

CNI vs UNP, CSX, NSC: E10 Comparison

For the Railroads subindustry, Canadian National Railway Co'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.


Canadian National Railway Co Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Canadian National Railway Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Shiller PE Ratio falls into.


CNI
91GF Score
Canadian National Railway Co CNI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian National Railway Co 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, Canadian National Railway Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.363/132.2623*132.2623
=1.363

Current CPI (Mar. 2026) = 132.2623.

Canadian National Railway Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.853 102.002 1.106
201609 0.954 101.765 1.240
201612 0.990 101.449 1.291
201703 0.867 102.634 1.117
201706 1.023 103.029 1.313
201709 1.034 103.345 1.323
201712 2.725 103.345 3.488
201803 0.773 105.004 0.974
201806 1.349 105.557 1.690
201809 1.182 105.636 1.480
201812 1.161 105.399 1.457
201903 0.808 106.979 0.999
201906 1.415 107.690 1.738
201909 1.254 107.611 1.541
201912 0.926 107.769 1.136
202003 1.017 107.927 1.246
202006 0.568 108.401 0.693
202009 1.043 108.164 1.275
202012 1.116 108.559 1.360
202103 1.090 110.298 1.307
202106 1.195 111.720 1.415
202109 1.870 112.905 2.191
202112 1.328 113.774 1.544
202203 1.035 117.646 1.164
202206 1.500 120.806 1.642
202209 1.597 120.648 1.751
202212 1.546 120.964 1.690
202303 1.330 122.702 1.434
202306 1.325 124.203 1.411
202309 1.249 125.230 1.319
202312 2.452 125.072 2.593
202403 1.271 126.258 1.331
202406 1.277 127.522 1.324
202409 1.270 127.285 1.320
202412 1.277 127.364 1.326
202503 1.289 129.181 1.320
202506 1.368 129.892 1.393
202509 1.323 130.287 1.343
202512 1.472 130.366 1.493
202603 1.363 132.262 1.363

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 $5.53 mean?
Canadian National Railway Co (CNI) has a E10 of $5.53 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Canadian National Railway Co and its competitors.
Is Canadian National Railway Co's E10 too high?
Canadian National Railway Co's current E10 is $5.53. Overall, Canadian National Railway Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian National Railway Co's E10 compare to UNP and CSX?
Canadian National Railway Co's E10 of $5.53 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 Canadian National Railway Co and its competitors. Canadian National Railway Co's current E10 is $5.53. 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 $114.60, compared to a current price of $115.91 — trading 1.1% above its estimated fair value. The current E10 is $5.53. Canadian National Railway Co's overall GF Score™ is 91/100 with 6 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 Canadian National Railway Co (CNI), the current E10 is $5.53 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 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 $115.91 is trading 1.1% above its estimated GF Value™ of $114.60. GuruFocus considers Canadian National Railway Co to be Fairly Valued.

Key valuation signals for CNI:

  • E10: $5.53
  • GF Value™: $114.60 vs. price of $115.91 (1.1% above fair value)
  • GF Score™: 91/100 with 6 warning signs

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 Railway Co Business Description

Address 935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9
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.
91GF Score

Get the complete analysis for CNI

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

$115.91
Price
$114.60
GF Value