Stock Analysis on Net
Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

CSX Corp., historical price multiples (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 14.59 15.68 14.18 16.85 20.06 20.40 21.53 21.82 28.80 24.31 22.51 18.89 14.40 18.47 16.04 16.56 18.52 16.79 — — —
Price to operating profit (P/OP) 10.09 10.85 9.76 11.47 13.67 13.79 14.27 14.31 18.15 15.41 14.53 12.30 9.56 12.39 10.79 11.24 12.66 11.41 — — —
Price to sales (P/S) 4.14 4.40 3.98 4.76 6.01 6.16 6.51 6.53 7.38 6.35 5.87 4.99 3.99 5.15 4.48 4.61 5.16 4.53 — — —
Price to book value (P/BV) 5.08 5.18 4.50 5.05 5.99 5.72 5.90 5.49 5.91 5.13 4.92 4.50 3.96 5.19 4.60 4.64 5.14 4.42 4.35 4.23 3.71

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. CSX Corp. P/E ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. CSX Corp. P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. CSX Corp. P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. CSX Corp. P/BV ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.

Price to Earnings (P/E)

CSX Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 2,033,054,922 2,062,605,434 2,102,408,729 2,141,241,136 2,174,259,952 2,193,389,444 2,217,983,411 2,254,495,910 2,272,200,648 2,287,515,174 2,294,324,874 2,295,157,647 2,296,397,682 2,321,476,695 2,347,009,638 2,394,527,424 2,427,490,998 2,446,891,098 2,533,261,083 2,576,431,671 2,626,060,638
Selected Financial Data (US$)
Net earnings (in millions) 987 1,018 1,111 1,178 859 934 968 1,173 706 760 736 499 770 771 856 870 834 843 894 877 695
Earnings per share (EPS)2 2.11 2.02 1.94 1.84 1.81 1.72 1.63 1.50 1.19 1.21 1.21 1.26 1.42 1.43 1.45 1.44 1.42 1.35 0.00 0.00 0.00
Share price1, 3 30.81 31.67 27.54 30.99 36.30 35.17 35.01 32.67 34.23 29.39 27.24 23.84 20.49 26.50 23.26 23.79 26.31 22.70 23.57 23.00 20.34
Valuation Ratio
P/E ratio4 14.59 15.68 14.18 16.85 20.06 20.40 21.53 21.82 28.80 24.31 22.51 18.89 14.40 18.47 16.04 16.56 18.52 16.79 — — —
Benchmarks
P/E Ratio, Competitors5
FedEx Corp. 11.20 14.80 11.50 12.86 13.14 15.07 23.08 31.59 34.80 33.43 — 568.30 100.48 82.00 13.00 9.72 14.01 13.39 — — —
Uber Technologies Inc. — — — — — — — — — — — — — — — — — — — — —
Union Pacific Corp. 17.65 17.97 16.21 19.32 22.53 23.67 24.01 24.34 27.76 25.57 23.48 21.35 17.22 21.44 — — — — — — —
United Parcel Service Inc. 14.01 13.27 12.72 15.37 14.93 14.11 28.39 27.60 36.12 104.33 30.09 28.55 19.04 20.59 — — — — — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
EPS = (Net earningsQ1 2023 + Net earningsQ4 2022 + Net earningsQ3 2022 + Net earningsQ2 2022) ÷ No. shares of common stock outstanding
= (987,000,000 + 1,018,000,000 + 1,111,000,000 + 1,178,000,000) ÷ 2,033,054,922 = 2.11

3 Closing price as at the filing date of CSX Corp. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/E ratio = Share price ÷ EPS
= 30.81 ÷ 2.11 = 14.59

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. CSX Corp. P/E ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.

Price to Operating Profit (P/OP)

CSX Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 2,033,054,922 2,062,605,434 2,102,408,729 2,141,241,136 2,174,259,952 2,193,389,444 2,217,983,411 2,254,495,910 2,272,200,648 2,287,515,174 2,294,324,874 2,295,157,647 2,296,397,682 2,321,476,695 2,347,009,638 2,394,527,424 2,427,490,998 2,446,891,098 2,533,261,083 2,576,431,671 2,626,060,638
Selected Financial Data (US$)
Operating income (in millions) 1,464 1,459 1,579 1,703 1,282 1,366 1,436 1,691 1,101 1,215 1,141 828 1,178 1,154 1,287 1,305 1,219 1,249 1,293 1,283 1,044
Operating profit per share2 3.05 2.92 2.82 2.70 2.66 2.55 2.45 2.28 1.89 1.91 1.87 1.94 2.14 2.14 2.16 2.12 2.08 1.99 0.00 0.00 0.00
Share price1, 3 30.81 31.67 27.54 30.99 36.30 35.17 35.01 32.67 34.23 29.39 27.24 23.84 20.49 26.50 23.26 23.79 26.31 22.70 23.57 23.00 20.34
Valuation Ratio
P/OP ratio4 10.09 10.85 9.76 11.47 13.67 13.79 14.27 14.31 18.15 15.41 14.53 12.30 9.56 12.39 10.79 11.24 12.66 11.41 — — —
Benchmarks
P/OP Ratio, Competitors5
FedEx Corp. 6.66 9.07 9.66 10.90 11.82 13.46 15.42 19.66 20.51 17.79 7.61 11.34 10.34 9.92 10.19 10.21 13.97 12.57 — — —
Uber Technologies Inc. — — — — — — — — — — — — — — — — — — — — —
Union Pacific Corp. 12.56 12.68 11.53 13.58 15.79 16.53 16.70 16.84 18.84 17.46 15.91 14.61 11.83 14.83 — — — — — — —
United Parcel Service Inc. 12.19 11.70 10.32 12.38 12.08 14.20 16.72 16.10 19.92 18.23 17.73 16.56 10.94 11.72 — — — — — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Operating profit per share = (Operating incomeQ1 2023 + Operating incomeQ4 2022 + Operating incomeQ3 2022 + Operating incomeQ2 2022) ÷ No. shares of common stock outstanding
= (1,464,000,000 + 1,459,000,000 + 1,579,000,000 + 1,703,000,000) ÷ 2,033,054,922 = 3.05

3 Closing price as at the filing date of CSX Corp. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 30.81 ÷ 3.05 = 10.09

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. CSX Corp. P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.

Price to Sales (P/S)

CSX Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 2,033,054,922 2,062,605,434 2,102,408,729 2,141,241,136 2,174,259,952 2,193,389,444 2,217,983,411 2,254,495,910 2,272,200,648 2,287,515,174 2,294,324,874 2,295,157,647 2,296,397,682 2,321,476,695 2,347,009,638 2,394,527,424 2,427,490,998 2,446,891,098 2,533,261,083 2,576,431,671 2,626,060,638
Selected Financial Data (US$)
Revenue (in millions) 3,706 3,730 3,895 3,815 3,413 3,427 3,292 2,990 2,813 2,825 2,648 2,255 2,855 2,885 2,978 3,061 3,013 3,143 3,129 3,102 2,876
Sales per share2 7.45 7.20 6.92 6.51 6.04 5.71 5.37 5.00 4.64 4.63 4.64 4.78 5.13 5.14 5.20 5.16 5.10 5.01 0.00 0.00 0.00
Share price1, 3 30.81 31.67 27.54 30.99 36.30 35.17 35.01 32.67 34.23 29.39 27.24 23.84 20.49 26.50 23.26 23.79 26.31 22.70 23.57 23.00 20.34
Valuation Ratio
P/S ratio4 4.14 4.40 3.98 4.76 6.01 6.16 6.51 6.53 7.38 6.35 5.87 4.99 3.99 5.15 4.48 4.61 5.16 4.53 — — —
Benchmarks
P/S Ratio, Competitors5
FedEx Corp. 0.42 0.61 0.64 0.71 0.77 0.94 0.89 1.04 0.87 0.62 0.36 0.62 0.65 0.64 0.68 0.70 1.00 0.94 — — —
Uber Technologies Inc. 2.26 2.16 1.98 2.47 2.46 3.90 5.95 6.34 8.09 9.07 6.57 4.42 3.98 4.00 — — — — — — —
Union Pacific Corp. 4.93 5.05 4.69 5.65 6.77 7.08 7.01 6.96 7.50 7.00 6.43 5.88 4.79 5.85 — — — — — — —
United Parcel Service Inc. 1.53 1.53 1.41 1.68 1.63 1.87 1.94 1.81 2.09 1.66 1.72 1.61 1.09 1.23 — — — — — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Sales per share = (RevenueQ1 2023 + RevenueQ4 2022 + RevenueQ3 2022 + RevenueQ2 2022) ÷ No. shares of common stock outstanding
= (3,706,000,000 + 3,730,000,000 + 3,895,000,000 + 3,815,000,000) ÷ 2,033,054,922 = 7.45

3 Closing price as at the filing date of CSX Corp. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 30.81 ÷ 7.45 = 4.14

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. CSX Corp. P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.

Price to Book Value (P/BV)

CSX Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 2,033,054,922 2,062,605,434 2,102,408,729 2,141,241,136 2,174,259,952 2,193,389,444 2,217,983,411 2,254,495,910 2,272,200,648 2,287,515,174 2,294,324,874 2,295,157,647 2,296,397,682 2,321,476,695 2,347,009,638 2,394,527,424 2,427,490,998 2,446,891,098 2,533,261,083 2,576,431,671 2,626,060,638
Selected Financial Data (US$)
Shareholders’ equity, attributable to CSX (in millions) 12,326 12,615 12,874 13,131 13,184 13,490 13,163 13,426 13,151 13,101 12,713 12,150 11,871 11,848 11,864 12,276 12,428 12,563 13,719 14,009 14,378
Book value per share (BVPS)2 6.06 6.12 6.12 6.13 6.06 6.15 5.93 5.96 5.79 5.73 5.54 5.29 5.17 5.10 5.05 5.13 5.12 5.13 5.42 5.44 5.48
Share price1, 3 30.81 31.67 27.54 30.99 36.30 35.17 35.01 32.67 34.23 29.39 27.24 23.84 20.49 26.50 23.26 23.79 26.31 22.70 23.57 23.00 20.34
Valuation Ratio
P/BV ratio4 5.08 5.18 4.50 5.05 5.99 5.72 5.90 5.49 5.91 5.13 4.92 4.50 3.96 5.19 4.60 4.64 5.14 4.42 4.35 4.23 3.71
Benchmarks
P/BV Ratio, Competitors5
FedEx Corp. 1.60 2.27 2.41 2.53 2.75 3.26 3.18 3.68 3.19 2.35 1.32 2.28 2.49 2.49 2.38 2.50 3.51 3.15 3.52 3.94 3.56
Uber Technologies Inc. 10.20 9.36 9.20 9.47 5.91 4.71 6.34 5.73 6.42 8.24 8.85 6.04 5.01 3.99 3.17 4.28 — — — — —
Union Pacific Corp. 9.92 10.34 9.76 10.41 12.90 10.90 10.68 10.01 8.91 8.07 7.33 7.22 6.46 7.00 6.31 6.76 7.05 — — — —
United Parcel Service Inc. 7.54 7.75 8.39 10.31 10.42 12.76 15.21 15.53 26.13 213.26 24.66 28.64 24.78 27.98 18.04 23.36 26.37 — — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
BVPS = Shareholders’ equity, attributable to CSX ÷ No. shares of common stock outstanding
= 12,326,000,000 ÷ 2,033,054,922 = 6.06

3 Closing price as at the filing date of CSX Corp. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 30.81 ÷ 6.06 = 5.08

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. CSX Corp. P/BV ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.