CNI

Canadian National Railway Company

Industrials · $72.8B market cap

Verdict

Share price

$119.77

close of Oct 3, 2026

Fair value

$119.28

Sticker Price

Payback Price

$47.71

buy price

Fairly Valued

CNI is Fairly Valued: at $119.77 it's right at its fair value of $119.28. Its buy price (Payback Price) is $47.71, 60% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). It has earned a steady return on its equity for years, and its tangible assets are worth 20% of its share price. For a business like that, book value and the return on it are a sturdier guide than an earnings forecast.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.1% a year✗
Equity per share growth6.3% a year✗
Sales growth4.8% a year✗
Free cash flow growth8.6% a year✗
Return on invested capital9.7%✗

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Superinvestors

7 of the investors we track hold CNI. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Lee Ainslie

About Canadian National Railway Company

Canadian National Railway Company (CNI), together with its subsidiary operations, functions as a key player in the railway and related logistics industry. The firm handles a wide array of freight, including petroleum products and chemicals, agricultural commodities such as grain and fertilizers, various minerals like coal and metals, timber and paper goods, intermodal containers, and finished automobiles. Its…

Railroads

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works