Norfolk Southern (HAM:NFS) Moat Score: 7/10 (As of Jun. 28, 2026)


HAM:NFS Norfolk Southern Corp HAM:NFS
84 GF Score
Price €273.20
GF Value €221.95
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Norfolk Southern Moat Score?

Norfolk Southern HAM:NFS +0.11% 84 Moat Score is 7 as of Jun. 28, 2026. GuruFocus rates HAM:NFS with a GF Score™ of 84/100 and a GF Value™ of €221.95 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,057 Transportation companies, Norfolk Southern ranks better than 99.43% on this metric.

Norfolk Southern has the Moat Score of 7, which implies that the company might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Norfolk Southern has Wide Moat: Norfolk Southern benefits from significant regulatory barriers, a strong distribution network, and durable cost advantages due to economies of scale in the rail industry. Its established market leadership and pricing power further solidify its wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Norfolk Southern might have Wide Moat - Entry-level wide moat, clearly possessing durable advantages.

Norfolk Southern  (HAM:NFS) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Norfolk Southern Moat Score Related Terms

HAM:NFS vs CSX, WAB, TRN: Moat Score Comparison

For the Railroads subindustry, Norfolk Southern's Moat Score, along with its competitors' market caps and Moat Score 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.

Norfolk Southern Moat Score vs Transportation Industry

For the Transportation industry and Industrials sector, Norfolk Southern's Moat Score distribution charts can be found below:

* The bar in red indicates where Norfolk Southern's Moat Score falls into.


HAM:NFS
84GF Score
Norfolk Southern Corp HAM:NFS
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 7 mean?
Norfolk Southern (HAM:NFS) has a Moat Score of 7 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Norfolk Southern ranks #6 out of 1057 companies in the Transportation industry, placing it in the top 0.59999999999999%.
Is Norfolk Southern's Moat Score too high?
Norfolk Southern's current Moat Score is 7. Based on the distribution chart, Norfolk Southern ranks #6 out of 1057 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Norfolk Southern has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norfolk Southern's Moat Score compare to CSX and WAB?
According to the Transportation industry distribution chart, Norfolk Southern ranks #6 out of 1057 companies for Moat Score. This places Norfolk Southern in the top 1% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Transportation company?
A good Moat Score depends on the Transportation industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Norfolk Southern's current Moat Score is 7. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norfolk Southern stock overvalued right now?
Based on GuruFocus' analysis, Norfolk Southern (HAM:NFS) is currently considered Modestly Overvalued. The stock's GF Value™ is €221.95, compared to a current price of €273.20 — trading 23.1% above its estimated fair value. The current Moat Score is 7. Norfolk Southern's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Norfolk Southern (HAM:NFS), the current Moat Score is 7 as of Jun. 28, 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 Norfolk Southern (HAM:NFS) Overvalued in 2026?

Based on GuruFocus' analysis, Norfolk Southern stock appears to be overvalued. The current stock price of €273.20 is trading 23.1% above its estimated GF Value™ of €221.95. GuruFocus considers Norfolk Southern to be Modestly Overvalued.

Key valuation signals for HAM:NFS:

  • Moat Score: 7
  • GF Value™: €221.95 vs. price of €273.20 (23.1% above fair value)
  • GF Score™: 84/100 with 10 warning signs

No single metric tells the full story. See the HAM:NFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norfolk Southern Business Description

Address 650 West Peachtree Street NW, Atlanta, GA, USA, 30308-1925
Class I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, agricultural, metal, chemical, and forest products.
84GF Score

Get the complete analysis for HAM:NFS

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

€273.20
Price
€221.95
GF Value