CNI (Canadian National Railway Co) ROCE %: 12.83% (As of Mar. 2026)


CNI Canadian National Railway Co CNI
91 GF Score
Price $115.91
GF Value $114.56
Valuation Fairly Valued
! 6 Warning Signs
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What is Canadian National Railway Co ROCE %?

Canadian National Railway Co CNI +0.88% 91 ROCE % is 12.83% as of Mar. 2026. GuruFocus rates CNI with a GF Score™ of 91/100 and a GF Value™ of $114.56 (Fairly Valued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Canadian National Railway Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.83%.

Canadian National Railway Co  (NYSE:CNI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Canadian National Railway Co ROCE % Related Terms

Canadian National Railway Co ROCE % Historical Data

* Premium members only.

The historical data trend for Canadian National Railway Co's ROCE % 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 ROCE % Chart

Canadian National Railway Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.00 15.39 15.36 13.01 13.51

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
ROCE % 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 13.21 13.72 12.92 14.07 12.83
CNI
91GF Score
Canadian National Railway Co CNI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian National Railway Co ROCE % Calculation

Canadian National Railway Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5202.61/( ( (40055.45 - 2790.763) + (42446.539 - 2679.232) )/ 2 )
=5202.61/( (37264.687+39767.307)/ 2 )
=5202.61/38515.997
=13.51 %

Canadian National Railway Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=5116.62/( ( (42446.539 - 2679.232) + (43340.379 - 3323.615) )/ 2 )
=5116.62/( ( 39767.307 + 40016.764 )/ 2 )
=5116.62/39892.0355
=12.83 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 12.83% mean?
Canadian National Railway Co (CNI) has a ROCE % of 12.83% as of Mar. 2026.
Is Canadian National Railway Co's ROCE % too high?
Canadian National Railway Co's current ROCE % is 12.83%. The Transportation industry median ROCE % is 7.74. Canadian National Railway Co's value of 12.83% is 65.8% above this industry median. 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 ROCE % compare to UNP and CSX?
Canadian National Railway Co's ROCE % of 12.83% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. Canadian National Railway Co's value of 12.83% is 65.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian National Railway Co's current ROCE % of 12.83% is 65.8% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian National Railway Co's current ROCE % is 12.83%. 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 $114.56, compared to a current price of $115.91 — trading 1.2% above its estimated fair value. The current ROCE % is 12.83% and 65.8% above the Transportation industry median of 7.74. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current ROCE % is 12.83% 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 1.2% above its estimated GF Value™ of $114.56. GuruFocus considers Canadian National Railway Co to be Fairly Valued.

Key valuation signals for CNI:

  • ROCE %: 12.83%
  • GF Value™: $114.56 vs. price of $115.91 (1.2% above fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 65.8% above the Transportation median

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

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

$115.91
Price
$114.56
GF Value