Union Pacific Corporation (UNP) Stock Analysis

Over the past 10 years, Union Pacific (UNP) earnings per share (EPS) grew 8.1% a year, revenue grew 1.2% a year and free cash flow grew 7.4% a year, with an average return on invested capital (ROIC) of 11.5%. UNP stock trades at $289.04, a P/E of 23.4, in line with its historical average of 22.3. Analysts' average 12-month price target is $330.80 (+14.4%).

UNP Union Pacific Corporation

Union Pacific Corporation, a prominent American railway enterprise, conducts its primary operations through its subsidiary, Union Pacific Railroad Company. The company provides extensive freight transportation services for a wide array of commodities.

Market Cap$171.71B Current P/E23.4 52wk High$315.99 52wk Low$215.53

Current Price $289.04
Margin of Safety Price

Exhibit A Growth Dossier

🔒
Metric10yr5yr1yrGrade
Book Value/Share GrowthBV/S 2.7%4.5%27.3% B+
EPS GrowthEPS 8.1%8.7%7.2% C+
Revenue GrowthRevenue 1.2%4.6%4.2% C
Cash Flow GrowthCash Flow 7.4%-0.4%3.9% C
ROICROIC 11.5%11.7%11.7% B+

Exhibit B Valuation Ledger

🔒
Current EPS
$12.37
Historical Avg P/E
22.3
Future P/E (used for sticker price)
Projected EPS (10yr)
Sticker Price (10yr)
Price for 15% Annual Return
Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.


Exhibit C Raw Data (last 10 years)

MetricTrend20152016201720182019202020212022202320242025TTM
Book Value / ShareBV/S$23.81$23.86$31.00$27.08$25.67$24.97$21.61$19.49$24.23$27.75$31.12$34.80
Basic EPSEPS$5.51$5.09$13.42$7.95$8.41$7.90$9.98$11.24$10.47$11.10$12.01$12.37
RevenueRevenue$21,813,000,000$19,941,000,000$21,240,000,000$22,832,000,000$21,708,000,000$19,533,000,000$21,804,000,000$24,875,000,000$24,119,000,000$24,250,000,000$24,510,000,000$25,410,000,000
Free Cash FlowCash Flow$2,694,000,000$4,020,000,000$3,973,000,000$5,249,000,000$5,156,000,000$5,613,000,000$6,096,000,000$5,742,000,000$4,773,000,000$5,894,000,000$5,499,000,000$6,504,000,000
ROIC (%)ROIC9.7%8.6%14.7%11.7%11.1%10.1%11.9%12.4%11.0%11.6%11.7%—

The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.


Ticker INVESTigator Price Target


Analyst Data

Price Target

Where the stock trades today vs. the range of 12-month price targets from covering analysts.

Current Price$289.04
High$350.00+21.1%
Average$330.80+14.4%
Low$294.00+1.7%

47 firms rate it — 1 strong buy, 28 buy, 17 hold, 1 sell · Most recent Oct 2026

lowered
Raymond James10/15/2026
$363.00→$350.00
lowered
RBC Capital9/24/2026
$339.00→$326.00
upgraded
UBS9/16/2026
$339.00

UNP Stock FAQ

Is UNP stock undervalued?

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What is UNP's stock price target?

The average 12-month analyst price target for UNP is $330.80, with a range of $294.00 to $350.00. That is +14.4% from the current price of $289.04.

Do analysts rate UNP a buy?

Most rate it a buy. Of 47 firms covering Union Pacific, the ratings are 29 buy or strong buy, 17 hold and 1 sell or strong sell.

How fast is Union Pacific growing?

Annual growth rates for UNP. EPS: 8.1% over 10 years, 8.7% over 5 years, 7.2% over 1 year. Revenue: 1.2% over 10 years, 4.6% over 5 years, 4.2% over 1 year. Free cash flow: 7.4% over 10 years, -0.4% over 5 years, 3.9% over 1 year. Book value per share: 2.7% over 10 years, 4.5% over 5 years, 27.3% over 1 year.

What is UNP's ROIC?

Union Pacific's return on invested capital (ROIC) was 11.7% in fiscal 2025. Its 10-year average ROIC is 11.5%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.

What is UNP's P/E ratio?

UNP's current P/E ratio is 23.4, compared with a historical average of 22.3. Trailing earnings per share are $12.37.

What is Union Pacific's market cap and stock price?

UNP last traded at $289.04 as of October 19, 2026. Its 52-week range is $215.53 to $315.99. Union Pacific has a market cap of $171.71B.


Exhibit D Related Coverage


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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.

Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.