US · USD

UNP

Union Pacific Corporation

US$272.42-0.63% (-US$1.73)
Day's range
US$272.08 – US$276.97
Day's volume
US$757.3m
52-week range
US$211.90 – US$309.19

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UNP in numbers

Market cap
US$161.7bn
P/E
22.08
P/B
7.83
Dividend yield (12m)
2.04%

The 12-month dividend yield of UNP is 2.04%, below its 5-year average of 2.19%.

UNP price history

02/10/202501/10/2026
Compare with

UNP risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+26.09%+40.03%+26.18%
Volatility (annualised)23.51%20.63%21.96%
Largest drawdown-9.49%-14.84%-27.87%
Positive months8/1220/3630/60

How much did investing in UNP return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,553.97 today.

Value today in UNP
US$1,553.97
Return over the period
+55.40%
Return per year
+9.22%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

UNP fundamentals

Valuation

  • P/E
    22.08
  • P/B
    7.83
  • EV/EBITDA
    —
  • EV/EBIT
    15.74
  • EV/Revenue
    6.30
  • P/EBIT
    15.89
  • P/S
    6.36
  • P/OCF
    15.75
  • P/FCF
    24.86
  • Earnings yield
    6.35%
  • PEG ratio
    —
  • Earnings per share
    US$12.34
  • Book value per share
    US$34.80

Debt

  • Net debt
    -US$1.6bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    -0.08
  • Debt/Equity
    0.00
  • Current ratio
    0.99
  • Quick ratio
    —
  • Cash ratio
    0.29

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    40.03%
  • Net margin
    28.85%
  • Asset turnover
    0.36

Profitability

  • ROE
    35.46%
  • ROA
    10.29%
  • ROIC
    41.13%
  • Payout
    45.06%

Growth

  • Revenue CAGR (5 years)
    4.65%
  • Earnings CAGR (5 years)
    4.50%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is UNP's fair price?

Two classic value formulas, with today's numbers. The current price is US$272.42.

Graham's fair price
US$98.29
63.92% below the price

√(22.50 × US$12.34 × US$34.80)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$84.30
69.06% below the price

US$5.06 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

UNP indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E19.2320.4223.4818.1124.6026.0721.0816.75
P/B7.438.1610.1310.4211.338.226.884.89
Dividend yield2.35%2.32%2.12%2.45%1.70%1.86%2.05%2.21%
Earnings per shareUS$12.03US$11.17US$10.46US$11.44US$10.24US$7.99US$8.58US$8.25
Book value per shareUS$31.12US$27.95US$24.25US$19.88US$22.23US$25.32US$26.26US$28.25
ROE38.65%39.95%43.14%57.54%46.06%31.54%32.65%29.21%
ROIC15.64%15.83%15.19%17.11%16.58%14.31%15.31%15.73%
Net margin29.12%27.82%26.45%28.13%29.92%27.38%27.27%26.13%

UNP financial statements

Line202520242023202220212020
Net revenueUS$24.5bnUS$24.3bnUS$24.1bnUS$24.9bnUS$21.8bnUS$19.5bn
Cost of sales——————
Gross profit——————
EBITDA——————
EBITUS$9.8bnUS$9.7bnUS$9.1bnUS$9.9bnUS$9.3bnUS$7.8bn
Net finance result——————
Profit before taxUS$9.2bnUS$8.8bnUS$8.2bnUS$9.1bnUS$8.5bnUS$7bn
Income tax-US$2bn-US$2bn-US$1.9bn-US$2.1bn-US$2bn-US$1.6bn
Net incomeUS$7.1bnUS$6.7bnUS$6.4bnUS$7bnUS$6.5bnUS$5.3bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does UNP pay dividends?

Dividend yield per year

  • 1.85%2017
  • 2.21%2018
  • 2.05%2019
  • 1.86%2020
  • 1.70%2021
  • 2.45%2022
  • 2.12%2023
  • 2.32%2024
  • 2.35%2025
  • 1.54%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend28/08/202630/09/2026US$1.42
Dividend28/05/202630/06/2026US$1.38
Dividend26/02/202631/03/2026US$1.38
Dividend04/12/202530/12/2025US$1.38
Dividend28/08/202530/09/2025US$1.38
Dividend29/05/202530/06/2025US$1.34
Dividend27/02/202531/03/2025US$1.34
Dividend06/12/202430/12/2024US$1.34
Dividend29/08/202430/09/2024US$1.34
Dividend30/05/202428/06/2024US$1.30
Dividend27/02/202429/03/2024US$1.30
Dividend06/12/202328/12/2023US$1.30
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend29/08/202329/09/2023US$1.30
Dividend29/05/202330/06/2023US$1.30
Dividend24/02/202331/03/2023US$1.30
Dividend15/12/202229/12/2022US$1.30
Dividend29/08/202230/09/2022US$1.30
Dividend26/05/202230/06/2022US$1.30
Dividend24/02/202231/03/2022US$1.18
Dividend16/12/202130/12/2021US$1.18
Dividend27/08/202130/09/2021US$1.07
Dividend26/05/202130/06/2021US$1.07
Dividend24/02/202131/03/2021US$0.97
Dividend26/11/202030/12/2020US$0.97
Dividend27/08/202030/09/2020US$0.97
Dividend27/05/202030/06/2020US$0.97
Dividend26/02/202031/03/2020US$0.97
Dividend26/11/201930/12/2019US$0.97
Dividend28/08/201930/09/2019US$0.97
Dividend29/05/201928/06/2019US$0.88
Dividend26/02/201929/03/2019US$0.88
Dividend28/11/201828/12/2018US$0.80
Dividend29/08/201828/09/2018US$0.80
Dividend29/05/201829/06/2018US$0.73
Dividend26/02/201830/03/2018US$0.73
Dividend28/11/201728/12/2017US$0.67
Dividend28/08/201729/09/2017US$0.61
Dividend25/05/201730/06/2017US$0.61
Dividend23/02/201731/03/2017US$0.61
Dividend25/11/201629/12/2016US$0.61

About Union Pacific

Sector
Transportation and utilities

Questions about UNP

How much is UNP today?

UNP is at US$272.42 (-0.63% on the day), last traded on 01/10/2026.

How much did UNP pay in dividends in 2025?

UNP paid US$5.44 per share in 2025, a dividend yield of 2.35%.

What are the P/E and P/B of UNP?

UNP trades at a P/E of 22.08 and a P/B of 7.83.

How much did UNP return in 12 months?

UNP returned 26.09% in 12 months, with annualised volatility of 23.51% and a largest drawdown of -9.49%.