Union PacificHAM:UNP +0.26%91 ROE % is 36.14% as of Mar. 2026, which is 12% below its 10-year median of 41.15. GuruFocus rates HAM:UNP with a GF Score™ of 91/100 and a GF Value™ of €216.95. The stock has 3 warning signs investors should review. Among 991 Transportation companies, Union Pacific ranks better than 95.36% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Union Pacific's annualized net income for the quarter that ended in Mar. 2026 was €5,885 Mil. Union Pacific's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €16,284 Mil. Therefore, Union Pacific's annualized ROE % for the quarter that ended in Mar. 2026 was 36.14%.
The historical rank and industry rank for Union Pacific's ROE % or its related term are showing as below:
HAM:UNP'
s ROE % Range Over the Past 10 Years
Min: 20.83 Med: 41.15 Max: 53.17
Current: 41.22
During the past 13 years, Union Pacific's highest ROE % was 53.17%. The lowest was 20.83%. And the median was 41.15%.
HAM:UNP's ROE % is ranked better than 95.36% of 991
companies
in the Transportation industry
Industry Median: 7.6
vs HAM:UNP: 41.22
Union Pacific (HAM:UNP) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Union Pacific ROE % Related Terms
Union Pacific ROE % Historical Data
* Premium members only.
The historical data trend for Union Pacific's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Transportation Industry
For the Transportation industry and Industrials sector, Union Pacific's ROE % distribution charts can be found below:
* The bar in red indicates where Union Pacific's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Union Pacific (HAM:UNP) has a ROE % of 36.14% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Union Pacific and its competitors. This is 12% below median its historical median of 41.15. Over the past decade, Union Pacific's ROE % has ranged from 20.83 to 53.17. According to the industry distribution chart, Union Pacific ranks #46 out of 991 companies in the Transportation industry, placing it in the top 4.6%.
Is Union Pacific's ROE % too high?
Union Pacific's current ROE % of 36.14% is 12% below median its 10-year median of 41.15. Over the past 10 years, this metric has ranged from a low of 20.83 to a high of 53.17. The Transportation industry median ROE % is 7.60. Union Pacific's value of 36.14% is 375.5% above this industry median. Based on the distribution chart, Union Pacific ranks #46 out of 991 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Union Pacific has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's ROE % compare to CSX and NSC?
According to the Transportation industry distribution chart, Union Pacific ranks #46 out of 991 companies for ROE %. This places Union Pacific in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 7.60. Union Pacific's value of 36.14% is 375.5% above this benchmark. Historically, Union Pacific's own ROE % has ranged from 20.83 to 53.17 over the past decade. While the company's 10-year median is 41.15 vs. the industry median of 7.60, 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 ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.60, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Pacific's current ROE % of 36.14% is 375.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Union Pacific and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Pacific's current ROE % is 36.14%, which is 12% below median its own 10-year median of 41.15. 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?
Union Pacific (HAM:UNP) has a current ROE % of 36.14%. The stock's GF Value™ is €216.95, compared to a current price of €228.40 — trading 5.3% above its estimated fair value. The current ROE % is 36.14%, which is 12% below median its 10-year median of 41.15 and 375.5% above the Transportation industry median of 7.60. Union Pacific's overall GF Score™ is 91/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Union Pacific (HAM:UNP), the current ROE % is 36.14% 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 Union Pacific (HAM:UNP) Overvalued in 2026?
Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued.
The current stock price of €228.40 is trading 5.3% above its estimated GF Value™ of €216.95.
Key valuation signals for HAM:UNP:
ROE %: 36.14% (12% below median its 10-year median of 41.15)
GF Value™: €216.95 vs. price of €228.40 (5.3% above fair value)
Industry Position: 375.5% above the Transportation median (#46 of 991)
No single metric tells the full story. See the HAM: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.
91GF Score
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