Norfolk Southern (MEX:NSC) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


MEX:NSC Norfolk Southern Corp MEX:NSC
84 GF Score
Price MXN5,332.88
GF Value MXN4,332.49
! 10 Warning Signs
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What is Norfolk Southern Scaled Net Operating Assets?

Norfolk Southern MEX:NSC 84 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates MEX:NSC with a GF Score™ of 84/100 and a GF Value™ of MXN4,332.49. The stock has 10 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.

Norfolk Southern's operating assets for the quarter that ended in Mar. 2026 was MXN789,327 Mil. Norfolk Southern's operating liabilities for the quarter that ended in Mar. 2026 was MXN220,143 Mil. Norfolk Southern's Total Assets for the quarter that ended in Dec. 2025 was MXN814,506 Mil. Therefore, Norfolk Southern's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.


Norfolk Southern Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Norfolk Southern'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.

Norfolk Southern Scaled Net Operating Assets Chart

Norfolk Southern 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 0.74 0.69 0.64 0.89 0.62

Norfolk Southern 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 0.65 0.68 0.69 0.70

MEX:NSC vs CSX, WAB, TRN: Scaled Net Operating Assets Comparison

For the Railroads subindustry, Norfolk Southern'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.


Norfolk Southern Scaled Net Operating Assets vs Transportation Industry

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

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


MEX:NSC
84GF Score
Norfolk Southern Corp MEX:NSC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Norfolk Southern 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.

Norfolk Southern'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 )
=(786957.125-222982.589)/911018.687
=0.62

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=814505.846 - 27548.721
=786957.125

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=534571.228 - 299398.78 - 12189.859
=222982.589

Norfolk Southern'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 )
=(789327.345-220143.202)/814505.846
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=813509.196 - 24181.851
=789327.345

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=528520.405 - 297395.289 - 10981.914
=220143.202

* 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 0.70 mean?
Norfolk Southern (MEX:NSC) has a Scaled Net Operating Assets of 0.70 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 Norfolk Southern and its competitors.
Is Norfolk Southern's Scaled Net Operating Assets too high?
Norfolk Southern's current Scaled Net Operating Assets is 0.70. Overall, Norfolk Southern has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Norfolk Southern's Scaled Net Operating Assets compare to CSX and WAB?
Norfolk Southern's Scaled Net Operating Assets of 0.70 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 Norfolk Southern and its competitors. Norfolk Southern's current Scaled Net Operating Assets is 0.70. 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?
Norfolk Southern (MEX:NSC) has a current Scaled Net Operating Assets of 0.70. The stock's GF Value™ is MXN4,332.49, compared to a current price of MXN5,332.88 — trading 23.1% above its estimated fair value. The current Scaled Net Operating Assets is 0.70. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Norfolk Southern (MEX:NSC), the current Scaled Net Operating Assets is 0.70 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 Norfolk Southern (MEX:NSC) Overvalued in 2026?

Based on GuruFocus' analysis, Norfolk Southern stock appears to be overvalued. The current stock price of MXN5,332.88 is trading 23.1% above its estimated GF Value™ of MXN4,332.49.

Key valuation signals for MEX:NSC:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: MXN4,332.49 vs. price of MXN5,332.88 (23.1% above fair value)
  • GF Score™: 84/100 with 10 warning signs

No single metric tells the full story. See the MEX:NSC 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 MEX:NSC

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

MXN5,332.88
Price
MXN4,332.49
GF Value