Union Pacific
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
17.7216.0413.2311.60
Price/Sales ratio
5.535.304.894.60
Earnings per Share (EPS)
$12.63$13.96$16.92$19.30

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
20.6314.1920.389.9917.3921.4826.3625.2518.4223.4521.0417.39
Price/Sales ratio
4.453.104.325.044.545.857.217.555.186.205.734.54
Price/Book Value ratio
5.043.274.324.305.087.018.3111.6310.6010.118.425.08
Price/Cash Flow ratio
14.479.2211.4614.8011.9414.7716.5118.2313.7717.8515.3811.94
Price/Free Cash Flow ratio
35.1625.1421.4626.9419.7724.6625.1227.0122.4531.3425.2319.77
Price/Earnings Growth ratio
0.94-3.15-2.670.06-0.423.71-4.340.951.45-3.42-7.733.71
Dividend Yield
1.52%3.46%2.17%1.85%2.21%2.04%1.86%1.69%2.44%2.12%2.29%2.21%
Profitability Indicator Ratios
Gross Profit Margin
40.34%41.14%41.46%42.41%41.77%44.28%46.99%48.22%45.04%43.65%45.23%41.77%
Operating Profit Margin
36.48%36.91%36.46%37.95%37.30%39.40%40.10%42.82%39.86%37.65%39.41%37.30%
Pretax Profit Margin
34.77%35.09%33.93%35.93%33.90%35.68%35.73%38.88%36.47%34.13%35.80%33.90%
Net Profit Margin
21.59%21.87%21.22%50.43%26.13%27.26%27.38%29.91%28.13%26.44%27.32%26.13%
Effective Tax Rate
37.91%37.66%37.43%-40.35%22.92%23.59%23.36%23.05%22.86%22.51%23.68%22.92%
Return on Assets
9.82%8.73%7.59%18.53%10.08%9.59%8.57%10.26%10.69%9.50%9.82%9.59%
Return On Equity
24.44%23.05%21.23%43.09%29.21%32.65%31.54%46.06%57.53%43.13%41.79%29.21%
Return on Capital Employed
17.88%15.66%13.96%14.96%15.62%14.92%13.45%16.16%16.54%14.64%15.39%14.92%
Liquidity Ratios
Current Ratio
1.241.280.981.010.890.791.00N/AN/AN/A0.770.79
Quick Ratio
1.051.050.790.830.730.620.850.510.580.660.620.62
Cash ratio
0.420.430.350.320.270.190.430.160.170.200.170.19
Days of Sales Outstanding
24.5122.6923.0225.6528.0526.8128.1228.8227.7431.3730.5928.05
Days of Inventory outstanding
18.1520.9222.4222.3520.3722.6622.4920.0719.7819.9521.2620.37
Operating Cycle
42.6743.6145.4448.0048.4249.4850.6148.9047.5351.3251.8648.42
Days of Payables Outstanding
22.3621.1229.8630.2323.9422.6021.5724.3120.9322.9922.7722.60
Cash Conversion Cycle
20.3022.4915.5817.7724.4826.8729.0324.5926.5928.3329.0824.48
Debt Ratios
Debt Ratio
0.200.260.260.290.370.400.420.460.500.480.460.37
Debt Equity Ratio
0.510.680.750.681.091.391.542.092.732.191.891.09
Long-term Debt to Capitalization
0.340.390.410.390.500.560.590.660.720.670.640.50
Total Debt to Capitalization
0.340.400.420.400.520.580.600.670.730.680.650.52
Interest Coverage Ratio
15.6012.9410.4111.219.788.146.86N/AN/AN/A7.438.14
Cash Flow to Debt Ratio
0.670.510.500.420.380.340.320.300.280.250.280.34
Company Equity Multiplier
2.482.632.792.322.893.403.674.485.384.534.072.89
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.300.330.370.340.380.390.430.410.370.340.370.39
Free Cash Flow / Operating Cash Flow Ratio
0.410.360.530.540.600.590.650.670.610.560.600.60
Cash Flow Coverage Ratio
0.670.510.500.420.380.340.320.300.280.250.280.34
Short Term Coverage Ratio
N/A12.369.929.035.926.848.894.165.575.885.496.84
Dividend Payout Ratio
31.50%49.11%44.38%18.50%38.53%43.89%49.09%42.92%45.14%49.74%48.15%38.53%