CSX CORP (CSX)

Railroads, Line-Haul Operating

Latest Price

$50.40

TTM P/E

29.13

Normalized P/E

30.29

Div Yield

1.07%

Book Value

7.58

P/B Ratio

6.65

Valuation metrics

EPS: $1.54

Book value / share: $7.08

Formula: √(22.5 × EPS × BVPS)

Graham Number

$15.66

69% downside

Norm. op. income: $5.2B (median of 7yr)

Tax rate: 24%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$12.13

76% downside

Base FCF: $3.3B (median of recent 5yr)

Growth: -11%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$0.50

99% downside

EPS: $1.54

Target P/E: 30×

Formula: EPS × P/E

P/E Fair Value

$46.20

8% downside

70.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	160.49M	$6.59B	8.65%	+17.97M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	120.83M	$4.96B	6.51%	--	2026-03-31
STATE STREET CORP	89.03M	$3.65B	4.80%	+1.15M	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	76.16M	$3.13B	4.11%	+5.73M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	43.87M	$1.79B	2.36%	+1.45M	2026-03-31
BANK OF AMERICA CORP /DE/	42.16M	$1.73B	2.27%	-4.41M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	36.56M	$1.50B	1.97%	--	2026-03-31
Bank of New York Mellon Corp	28.57M	$1.17B	1.54%	+341.5K	2026-03-31
Fisher Asset Management, LLC	27.25M	$1.12B	1.47%	+731.8K	2026-03-31
AMERIPRISE FINANCIAL INC	26.11M	$1.07B	1.41%	+3.73M	2026-03-31