# Union Pacific Corporation (UNP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Road & Rail. Price $289.62, market value $172.1 billion.

## Valuation
- **P/E (trailing): 23.5×** (5-yr avg 20.2×, 3-yr avg 20.4×). Union Pacific Corporation trades at 23.5× trailing earnings, close to its own five-year average of 20.2×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 20.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.55**. A PEG of 2.55 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 6.8×**. Each dollar of revenue is priced at 6.8×.
- **Price / book: 8.9×**. The shares trade at 8.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 3.8%** (5-yr avg 4.1%). Free cash flow equals 3.8% of the market value, in line with its five-year average of 4.1%.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Operating margin: 40.0%**. 40.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 29.1%**. 29.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 38.7%**. 38.7% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 16.4%**. Return on all capital, debt included, is 16.4%: comfortably above what that capital costs.
- **Return on assets: 10.5%**. Each dollar of assets produces 10.5% of profit.

## Growth
- **Revenue growth (1 yr): 1.1%** (3-yr -0.5%/yr, 5-yr 4.6%/yr). Revenue grew 1.1% over the last year, against 4.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.0%** (3-yr 2.2%/yr, 5-yr 8.7%/yr). Earnings per share rose 8.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -1.4%/yr**. Free cash flow has compounded at -1.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.72**. Debt is 1.72 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Altman Z-score: 3.20**. A Z-score of 3.20 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.96%** ($5.52 per share, trailing). Union Pacific Corporation yields 1.96%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 45%** (50% of free cash flow). 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 7.0%/yr** (1-yr 3.0%). The dividend has grown 7.0% a year over five years.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Union Pacific Corporation; the consensus is buy, with an average price target of $329.25 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 32.0%** (YTD 26.5%, 3-mo 6.4%). The shares are up 32.0% over twelve months including dividends.
- **From 52-week high: -8.3%** (37.4% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.26** (volatility 22%). Beta of 0.26 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UNP · Page: https://foliofundamentals.com/stocks/unp

Not investment advice.