Price to Earnings (P/E)
since 2005
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CSX Corp. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Calculation
CSX Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 6, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 11, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of CSX Corp. Annual Report.
The financial data demonstrates notable trends in share price, earnings per share (EPS), and the price-to-earnings (P/E) ratio over the indicated periods.
- Share Price
- The share price exhibits a general upward trajectory from 2006 through 2023, albeit with fluctuations. Starting at $3.08 in 2006, the price experienced a notable drop in early 2009 to $2.92 during a market downturn, followed by a recovery and consistent growth reaching a peak of $35.17 in 2022 before declining slightly to $31.67 in 2023. This long-term increase reflects positive market valuation trends, with occasional short-term volatility.
- Earnings Per Share (EPS)
- EPS shows a gradual improvement from $0.29 in 2006 to $0.68 in 2016, indicating steady earnings growth. A significant jump occurs between 2017 and 2018, where EPS rises sharply from $0.62 to $2.06, followed by a decrease and some volatility in subsequent years, before rising to $2.02 in 2023. This sharp increase suggests either enhanced profitability or a one-time event affecting earnings, with subsequent years showing stabilization at a higher level than in earlier periods.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio fluctuates considerably over the years, reflecting changing market perceptions and earnings quality. It starts at 10.62 in 2006, reaching peaks such as 25.94 in 2017, which coincides with the EPS jump, indicating the market had high expectations at that time. The ratio declines to its lowest point during 2009 at 7.69, correlating with the drop in share price and relatively steady EPS, suggesting a undervaluation or low investor confidence during that period. Post-2017, the P/E experiences oscillations within a range of approximately 15 to 24, ending at 15.68 in 2023, indicative of normalized market valuation in relation to earnings.
Overall, the company's market valuation and earnings show growth with periods of volatility influenced by economic cycles and firm-specific events. The substantial increase in EPS around 2018 is a key inflection point, impacting both share price appreciation and P/E ratio dynamics subsequently. The data points to a mature company exhibiting long-term strength with episodes of market adjustment and earnings variability.
Comparison to Competitors
CSX Corp., P/E, long-term trends, comparison to competitors
| CSX Corp. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|---|
| Feb 15, 2023 | ||||||
| Feb 16, 2022 | ||||||
| Feb 10, 2021 | ||||||
| Feb 12, 2020 | ||||||
| Feb 6, 2019 | ||||||
| Feb 7, 2018 | ||||||
| Feb 14, 2017 | ||||||
| Feb 10, 2016 | ||||||
| Feb 11, 2015 | ||||||
| Feb 12, 2014 | ||||||
| Feb 19, 2013 | ||||||
| Feb 21, 2012 | ||||||
| Feb 18, 2011 | ||||||
| Feb 19, 2010 | ||||||
| Feb 19, 2009 | ||||||
| Feb 22, 2008 | ||||||
| Feb 15, 2007 | ||||||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Sector (Transportation)
CSX Corp., P/E, long-term trends, comparison to sector (transportation)
| CSX Corp. | Transportation | |
|---|---|---|
| Feb 15, 2023 | ||
| Feb 16, 2022 | ||
| Feb 10, 2021 | ||
| Feb 12, 2020 | ||
| Feb 6, 2019 | ||
| Feb 7, 2018 | ||
| Feb 14, 2017 | ||
| Feb 10, 2016 | ||
| Feb 11, 2015 | ||
| Feb 12, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 18, 2011 | ||
| Feb 19, 2010 | ||
| Feb 19, 2009 | ||
| Feb 22, 2008 | ||
| Feb 15, 2007 | ||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Industry (Industrials)
CSX Corp., P/E, long-term trends, comparison to industry (industrials)
| CSX Corp. | Industrials | |
|---|---|---|
| Feb 15, 2023 | ||
| Feb 16, 2022 | ||
| Feb 10, 2021 | ||
| Feb 12, 2020 | ||
| Feb 6, 2019 | ||
| Feb 7, 2018 | ||
| Feb 14, 2017 | ||
| Feb 10, 2016 | ||
| Feb 11, 2015 | ||
| Feb 12, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 18, 2011 | ||
| Feb 19, 2010 | ||
| Feb 19, 2009 | ||
| Feb 22, 2008 | ||
| Feb 15, 2007 | ||
| Feb 24, 2006 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).