NSC - Norfolk Southern Corporation
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$361.86
DETAILS
HIGH:
$400.00
LOW:
$330.00
MEDIAN:
$358.00
CONSENSUS:
$361.86
UPSIDE:
13.87%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
65% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
15.0x
12.75$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
24.9x
Plain-Language Summary
Applying a 15x P/E to adjusted EPS of $12.75, the base-case value is $191.25 per share. DDM cross-check: $97.66.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (48 analysts)
$361.86
Analyst Range
$330.00 – $400.00
Divergence from AlphaVal
47%
Warnings
Dividend-based valuation: $97.66 (below our primary estimate by 49%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $361.86 (from 48 analysts). Our estimate is 47% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples