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Canadian National Railway CoCNI -0.37%90 EV-to-OCF is 18.27 as of Aug. 29, 2026, which is 8% above its 10-year median of 16.94. GuruFocus rates CNI with a GF Score™ of 90/100 and a GF Value™ of $119.77 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,012 Transportation companies, Canadian National Railway Co ranks worse than 82.11% on this metric.
The historical rank and industry rank for Canadian National Railway Co's EV-to-OCF or its related term are showing as below:
CNI'
s EV-to-OCF Range Over the Past 10 Years
Min: 13.94 Med: 16.94 Max: 22.36
Current: 18.28
During the past 13 years, the highest EV-to-OCF of Canadian National Railway Co was 22.36. The lowest was 13.94. And the median was 16.94.
CNI's EV-to-OCF is ranked worse than 82.11% of 1012
companies
in the Transportation industry
Industry Median: 7.955
vs CNI: 18.28
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Canadian National Railway Co (NYSE:CNI) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Canadian National Railway Co's PE Ratio (TTM) for today is calculated as:
Canadian National Railway Co's share price for today is $126.01.
Canadian National Railway Co's Earnings per Share (Diluted) 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 $5.626.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Canadian National Railway Co EV-to-OCF Related Terms
Canadian National Railway Co EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Canadian National Railway Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Canadian National Railway Co's EV-to-OCF falls into.
Canadian National Railway Co's current Enterprise Value is $92,568 Mil.
Canadian National Railway Co's Cash Flow from Operations 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 $5,067 Mil.
* 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 EV-to-OCF of 18.27 as of Aug. 29, 2026. This is near median its historical median of 16.94. Over the past decade, Canadian National Railway Co's EV-to-OCF has ranged from 13.94 to 22.36. According to the industry distribution chart, Canadian National Railway Co ranks #831 out of 1012 companies in the Transportation industry, placing it in the top 82.1%.
Is Canadian National Railway Co's EV-to-OCF too high?
Canadian National Railway Co's current EV-to-OCF of 18.27 is near median its 10-year median of 16.94. Over the past 10 years, this metric has ranged from a low of 13.94 to a high of 22.36. The Transportation industry median EV-to-OCF is 7.96. Canadian National Railway Co's value of 18.27 is 129.7% above this industry median. Based on the distribution chart, Canadian National Railway Co ranks #831 out of 1012 companies in the Transportation industry, which is in the bottom quartile relative to peers. 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 EV-to-OCF compare to UNP and CSX?
According to the Transportation industry distribution chart, Canadian National Railway Co ranks #831 out of 1012 companies for EV-to-OCF. This places Canadian National Railway Co in the lower half of its industry. The industry median EV-to-OCF is 7.96. Canadian National Railway Co's value of 18.27 is 129.7% above this benchmark. Historically, Canadian National Railway Co's own EV-to-OCF has ranged from 13.94 to 22.36 over the past decade. While the company's 10-year median is 16.94 vs. the industry median of 7.96, 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 EV-to-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 7.96, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian National Railway Co's current EV-to-OCF of 18.27 is 129.7% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian National Railway Co's current EV-to-OCF is 18.27, which is near median its own 10-year median of 16.94. 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 $119.77, compared to a current price of $126.01 — trading 5.2% above its estimated fair value. The current EV-to-OCF is 18.27, which is near median its 10-year median of 16.94 and 129.7% above the Transportation industry median of 7.96. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current EV-to-OCF is 18.27 as of Aug. 29, 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 $126.01 is trading 5.2% above its estimated GF Value™ of $119.77.
GuruFocus considers Canadian National Railway Co to be Fairly Valued.
Key valuation signals for CNI:
EV-to-OCF: 18.27 (near median its 10-year median of 16.94)
GF Value™: $119.77 vs. price of $126.01 (5.2% above fair value)
Industry Position: 129.7% above the Transportation median (#831 of 1012)
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.
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