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Canadian National Railway CoCNI +1.26%90 Earnings Yield (Joel Greenblatt) % is 5.87% as of Jun. 2026, which is 3% below its 10-year median of 6.05. GuruFocus rates CNI with a GF Score™ of 90/100 and a GF Value™ of $117.16 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,028 Transportation companies, Canadian National Railway Co ranks worse than 57.2% on this metric.
Canadian National Railway Co's Enterprise Value for the quarter that ended in Jun. 2026 was $88,044 Mil.
Canadian National Railway Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $5,281 Mil. Canadian National Railway Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.87%.
The historical rank and industry rank for Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CNI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.13 Med: 6.05 Max: 7.31
Current: 5.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Canadian National Railway Co was 7.31%. The lowest was 4.13%. And the median was 6.05%.
CNI's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.2% of 1028
companies
in the Transportation industry
Industry Median: 6.72
vs CNI: 5.61
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Canadian National Railway Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 8.58%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Canadian National Railway Co (NYSE:CNI) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Canadian National Railway Co Earnings Yield (Joel Greenblatt) % Related Terms
Canadian National Railway Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Railroads subindustry, Canadian National Railway Co's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % falls into.
Canadian National Railway Co Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Canadian National Railway Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Canadian National Railway Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,281 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.87% mean?
Canadian National Railway Co (CNI) has a Earnings Yield (Joel Greenblatt) % of 5.87% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Canadian National Railway Co and its competitors. This is near median its historical median of 6.05. Over the past decade, Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % has ranged from 4.13 to 7.31. According to the industry distribution chart, Canadian National Railway Co ranks #588 out of 1028 companies in the Transportation industry, placing it in the top 57.2%.
Is Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % too high?
Canadian National Railway Co's current Earnings Yield (Joel Greenblatt) % of 5.87% is near median its 10-year median of 6.05. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 7.31. The Transportation industry median Earnings Yield (Joel Greenblatt) % is 6.72. Canadian National Railway Co's value of 5.87% is 12.6% below this industry median. Based on the distribution chart, Canadian National Railway Co ranks #588 out of 1028 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 Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian National Railway Co's Earnings Yield (Joel Greenblatt) % compare to UNP and CSX?
According to the Transportation industry distribution chart, Canadian National Railway Co ranks #588 out of 1028 companies for Earnings Yield (Joel Greenblatt) %. This places Canadian National Railway Co in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.72. Canadian National Railway Co's value of 5.87% is 12.6% below this benchmark. Historically, Canadian National Railway Co's own Earnings Yield (Joel Greenblatt) % has ranged from 4.13 to 7.31 over the past decade. While the company's 10-year median is 6.05 vs. the industry median of 6.72, Canadian National Railway Co has consistently been below 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 Earnings Yield (Joel Greenblatt) % for a Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.72, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian National Railway Co's current Earnings Yield (Joel Greenblatt) % of 5.87% is 12.6% below 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Canadian National Railway Co and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian National Railway Co's current Earnings Yield (Joel Greenblatt) % is 5.87%, which is near median its own 10-year median of 6.05. 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 Modestly Overvalued. The stock's GF Value™ is $117.16, compared to a current price of $129.84 — trading 10.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.87%, which is near median its 10-year median of 6.05 and 12.6% below the Transportation industry median of 6.72. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current Earnings Yield (Joel Greenblatt) % is 5.87% 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 $129.84 is trading 10.8% above its estimated GF Value™ of $117.16.
GuruFocus considers Canadian National Railway Co to be Modestly Overvalued.
Key valuation signals for CNI:
Earnings Yield (Joel Greenblatt) %: 5.87% (near median its 10-year median of 6.05)
GF Value™: $117.16 vs. price of $129.84 (10.8% above fair value)
Industry Position: 12.6% below the Transportation median (#588 of 1028)
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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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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