Union Pacific Corp
$200.32B- Market cap
- $169.77B
- Debt
- +$31.81B
- Cash
- −$1.27B
Capital structure 84% equity / 16% debt · EV / Revenue 8.17x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $169.77B · View financials
Snapshot Sep 10, 2026, 4:00 PM ET
Decision snapshot: UNP stock price at discount vs WAB $285.78 current versus $491.60 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at WAB's multiple
Implied fair value · at UNP's multiple
Snapshot Sep 10, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Reported gross margin
Operating income + D&A
Lower is better
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 84% equity / 16% debt · EV / Revenue 8.17x
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
UNION PACIFIC CORP · implied price per share
Bear
$60.40
Base
$76.29
Bull
$104.57
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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Parker-Hannifin Corp
UNP vs PH
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe the market will re-rate UNP toward WAB earnings multiples (i.e., WAB P/E), then buy UNP because it combines significantly higher margins and ROIC with a WAB-implied upside of ~79.7%; if you believe slower revenue growth or higher leverage will keep multiples compressed, then avoid or hold.
UNP's current price ($235.10) sits well below WAB-implied price of $422.50 (79.7% upside) driven largely by a much lower P/E (21.2x vs WAB 38.1x). The valuation gap is inconsistent across multiples: margin-adjusted multiples (P/E, EV/EBITDA) imply UNP is cheaper, while sales-based multiples (P/S, EV/Revenue) show UNP is richer.
Supporting Metrics