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Union PacificUNP +0.22%94 EV-to-OCF is 19.78 as of Aug. 11, 2026, which is 12% above its 10-year median of 17.60. GuruFocus rates UNP with a GF Score™ of 94/100 and a GF Value™ of $254.19 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,009 Transportation companies, Union Pacific ranks worse than 84.54% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Union Pacific's Enterprise Value is $203,042 Mil.
Union Pacific's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $10,263 Mil. Therefore, Union Pacific's EV-to-OCF for today is 19.78.
The historical rank and industry rank for Union Pacific's EV-to-OCF or its related term are showing as below:
UNP'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.09 Med: 17.6 Max: 22.8
Current: 19.78
During the past 13 years, the highest EV-to-OCF of Union Pacific was 22.80. The lowest was 12.09. And the median was 17.60.
UNP's EV-to-OCF is ranked worse than 84.54% of 1009
companies
in the Transportation industry
Industry Median: 7.82
vs UNP: 19.78
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.
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.
Union Pacific's PE Ratio (TTM) for today is calculated as:
Union Pacific's share price for today is $292.87.
Union Pacific'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 $12.350.
* 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.
Union Pacific EV-to-OCF Related Terms
Union Pacific EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Union Pacific's EV-to-OCF 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.
For the Railroads subindustry, Union Pacific'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.
Union Pacific EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Union Pacific's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Union Pacific's EV-to-OCF falls into.
Union Pacific's current Enterprise Value is $203,042 Mil.
Union Pacific'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 $10,263 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.
Union Pacific (UNP) has a EV-to-OCF of 19.78 as of Aug. 11, 2026. This is 12% above median its historical median of 17.60. Over the past decade, Union Pacific's EV-to-OCF has ranged from 12.09 to 22.80. According to the industry distribution chart, Union Pacific ranks #853 out of 1009 companies in the Transportation industry, placing it in the top 84.5%.
Is Union Pacific's EV-to-OCF too high?
Union Pacific's current EV-to-OCF of 19.78 is 12% above median its 10-year median of 17.60. Over the past 10 years, this metric has ranged from a low of 12.09 to a high of 22.80. The Transportation industry median EV-to-OCF is 7.82. Union Pacific's value of 19.78 is 152.9% above this industry median. Based on the distribution chart, Union Pacific ranks #853 out of 1009 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Union Pacific has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's EV-to-OCF compare to CSX and NSC?
According to the Transportation industry distribution chart, Union Pacific ranks #853 out of 1009 companies for EV-to-OCF. This places Union Pacific in the lower half of its industry. The industry median EV-to-OCF is 7.82. Union Pacific's value of 19.78 is 152.9% above this benchmark. Historically, Union Pacific's own EV-to-OCF has ranged from 12.09 to 22.80 over the past decade. While the company's 10-year median is 17.60 vs. the industry median of 7.82, Union Pacific 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 7.82, based on 1,009 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. Union Pacific's current EV-to-OCF of 19.78 is 152.9% 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 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pacific's current EV-to-OCF is 19.78, which is 12% above median its own 10-year median of 17.60. 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 (UNP) is currently considered Modestly Overvalued. The stock's GF Value™ is $254.19, compared to a current price of $292.87 — trading 15.2% above its estimated fair value. The current EV-to-OCF is 19.78, which is 12% above median its 10-year median of 17.60 and 152.9% above the Transportation industry median of 7.82. Union Pacific's overall GF Score™ is 94/100 with 5 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 Union Pacific (UNP), the current EV-to-OCF is 19.78 as of Aug. 11, 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 (UNP) Overvalued in 2026?
Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued.
The current stock price of $292.87 is trading 15.2% above its estimated GF Value™ of $254.19.
GuruFocus considers Union Pacific to be Modestly Overvalued.
Key valuation signals for UNP:
EV-to-OCF: 19.78 (12% above median its 10-year median of 17.60)
GF Value™: $254.19 vs. price of $292.87 (15.2% above fair value)
Industry Position: 152.9% above the Transportation median (#853 of 1009)
No single metric tells the full story. See the UNP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
94GF Score
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