Union Pacific (FRA:UNP0) Scaled Net Operating Assets: 0.72 (As of Mar. 2026)


FRA:UNP0 Union Pacific Corp FRA:UNP0
90 GF Score
Price €17.40
GF Value €15.19
! 5 Warning Signs
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What is Union Pacific Scaled Net Operating Assets?

Union Pacific FRA:UNP0 +3.57% 90 Scaled Net Operating Assets is 0.72 as of Mar. 2026. GuruFocus rates FRA:UNP0 with a GF Score™ of 90/100 and a GF Value™ of €15.19. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Union Pacific's operating assets for the quarter that ended in Mar. 2026 was €59,347 Mil. Union Pacific's operating liabilities for the quarter that ended in Mar. 2026 was €16,194 Mil. Union Pacific's Total Assets for the quarter that ended in Dec. 2025 was €59,522 Mil. Therefore, Union Pacific's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.72.


Union Pacific Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Union Pacific's Scaled Net Operating Assets 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.

Union Pacific Scaled Net Operating Assets Chart

Union Pacific Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.77 0.71 0.75 0.66

Union Pacific Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.69 0.67 0.71 0.73 0.73

FRA:UNP0 vs CSX, NSC, WAB: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Union Pacific's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Union Pacific's Scaled Net Operating Assets falls into.


FRA:UNP0
90GF Score
Union Pacific Corp FRA:UNP0
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Union Pacific Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Union Pacific's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(58227.428-15721.286)/64667.825
=0.66

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59522.092 - 1294.664
=58227.428

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43751.274 - 26501.328 - 1528.66
=15721.286

Union Pacific's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(59346.785-16193.665)/59522.092
=0.72

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=60242.06 - 895.275
=59346.785

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=43445.49 - 26298.595 - 953.23
=16193.665

* 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.

What does a Scaled Net Operating Assets of 0.72 mean?
Union Pacific (FRA:UNP0) has a Scaled Net Operating Assets of 0.72 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Union Pacific and its competitors.
Is Union Pacific's Scaled Net Operating Assets too high?
Union Pacific's current Scaled Net Operating Assets is 0.72. Overall, Union Pacific has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Union Pacific's Scaled Net Operating Assets compare to CSX and NSC?
Union Pacific's Scaled Net Operating Assets of 0.72 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Transportation company?
A good Scaled Net Operating Assets depends on the Transportation industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Union Pacific and its competitors. Union Pacific's current Scaled Net Operating Assets is 0.72. 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 (FRA:UNP0) has a current Scaled Net Operating Assets of 0.72. The stock's GF Value™ is €15.19, compared to a current price of €17.40 — trading 14.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.72. Union Pacific's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Union Pacific (FRA:UNP0), the current Scaled Net Operating Assets is 0.72 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 (FRA:UNP0) Overvalued in 2026?

Based on GuruFocus' analysis, Union Pacific stock appears to be overvalued. The current stock price of €17.40 is trading 14.5% above its estimated GF Value™ of €15.19.

Key valuation signals for FRA:UNP0:

  • Scaled Net Operating Assets: 0.72
  • GF Value™: €15.19 vs. price of €17.40 (14.5% above fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the FRA:UNP0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Union Pacific Business Description

Address 1400 Douglas Street, Omaha, NE, USA, 68179
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.
90GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€17.40
Price
€15.19
GF Value