US · USD

UNP

Union Pacific Corporation

$272.17-0.72% (-$1.98)Updated 10/1/26, 4:46 PM

Day's range: $272.08 – $276.97
Day's volume: $756.6M
52-week range: $211.90 – $309.19

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UNP in numbers

Market cap: $161.7B

P/E: 22.06

P/B: 7.82

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

10/01/202510/01/2026

Compare with

UNP risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+26.09%	+40.03%	+26.18%
Volatility (annualized)	23.51%	20.63%	21.96%
Largest drawdown	-9.49%	-14.84%	-27.87%
Positive months	8/12	20/36	30/60

How much did investing in UNP return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $1,261.98 today.

Value today in UNP: $1,261.98

Return over the period: +26.20%

Return per year: +4.76%

In the S&P 500: $1,667.24

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

UNP fundamentals

Valuation

P/E
22.06
P/B
7.82
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
$12.34
Book value per share
$34.80

Debt

Net debt
-$1.6B
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 $272.17.

Graham's fair price: $98.29; 63.89% below the price

√(22.50 × $12.34 × $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: $84.30; 69.03% below the price

$5.06 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

UNP's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	19.23	20.42	23.48	18.11	24.60	26.07	21.08	16.75
P/B	7.43	8.16	10.13	10.42	11.33	8.22	6.88	4.89
Dividend yield	2.35%	2.32%	2.12%	2.45%	1.70%	1.86%	2.05%	2.21%
Earnings per share	$12.03	$11.17	$10.46	$11.44	$10.24	$7.99	$8.58	$8.25
Book value per share	$31.12	$27.95	$24.25	$19.88	$22.23	$25.32	$26.26	$28.25
ROE	38.65%	39.95%	43.14%	57.54%	46.06%	31.54%	32.65%	29.21%
ROIC	15.64%	15.83%	15.19%	17.11%	16.58%	14.31%	15.31%	15.73%
Net margin	29.12%	27.82%	26.45%	28.13%	29.92%	27.38%	27.27%	26.13%

UNP's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$24.5B	$24.3B	$24.1B	$24.9B	$21.8B	$19.5B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	$9.8B	$9.7B	$9.1B	$9.9B	$9.3B	$7.8B
Financial result	—	—	—	—	—	—
Income before tax	$9.2B	$8.8B	$8.2B	$9.1B	$8.5B	$7B
Income tax	-$2B	-$2B	-$1.9B	-$2.1B	-$2B	-$1.6B
Net income	$7.1B	$6.7B	$6.4B	$7B	$6.5B	$5.3B

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
Type	Last day to own	Payment	Per share
Dividend	08/28/2026	09/30/2026	$1.42
Dividend	05/28/2026	06/30/2026	$1.38
Dividend	02/26/2026	03/31/2026	$1.38
Dividend	12/04/2025	12/30/2025	$1.38
Dividend	08/28/2025	09/30/2025	$1.38
Dividend	05/29/2025	06/30/2025	$1.34
Dividend	02/27/2025	03/31/2025	$1.34
Dividend	12/06/2024	12/30/2024	$1.34
Dividend	08/29/2024	09/30/2024	$1.34
Dividend	05/30/2024	06/28/2024	$1.30
Dividend	02/27/2024	03/29/2024	$1.30
Dividend	12/06/2023	12/28/2023	$1.30

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/29/2023	09/29/2023	$1.30
Dividend	05/29/2023	06/30/2023	$1.30
Dividend	02/24/2023	03/31/2023	$1.30
Dividend	12/15/2022	12/29/2022	$1.30
Dividend	08/29/2022	09/30/2022	$1.30
Dividend	05/26/2022	06/30/2022	$1.30
Dividend	02/24/2022	03/31/2022	$1.18
Dividend	12/16/2021	12/30/2021	$1.18
Dividend	08/27/2021	09/30/2021	$1.07
Dividend	05/26/2021	06/30/2021	$1.07
Dividend	02/24/2021	03/31/2021	$0.97
Dividend	11/26/2020	12/30/2020	$0.97
Dividend	08/27/2020	09/30/2020	$0.97
Dividend	05/27/2020	06/30/2020	$0.97
Dividend	02/26/2020	03/31/2020	$0.97
Dividend	11/26/2019	12/30/2019	$0.97
Dividend	08/28/2019	09/30/2019	$0.97
Dividend	05/29/2019	06/28/2019	$0.88
Dividend	02/26/2019	03/29/2019	$0.88
Dividend	11/28/2018	12/28/2018	$0.80
Dividend	08/29/2018	09/28/2018	$0.80
Dividend	05/29/2018	06/29/2018	$0.73
Dividend	02/26/2018	03/30/2018	$0.73
Dividend	11/28/2017	12/28/2017	$0.67
Dividend	08/28/2017	09/29/2017	$0.61
Dividend	05/25/2017	06/30/2017	$0.61
Dividend	02/23/2017	03/31/2017	$0.61
Dividend	11/25/2016	12/29/2016	$0.61

About Union Pacific

Sector: Transportation and utilities

Questions about UNP

How much is UNP today?

UNP is at $272.17 (-0.72% on the day), last traded on 10/01/2026.

How much did UNP pay in dividends in 2025?

UNP paid $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 22.06 and a P/B of 7.82.

How much did UNP return in 12 months?

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