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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Union Pacific | United States of America | Railways | $263 | $187B | 7.6x | 14.9x |
| CSX | United States of America | Railways | $41 | $94.0B | 6.6x | 14.4x |
| Canadian Pacific Kansas City | Canada | Railways | CAD 114 | $92.3B | 8.3x | 16.0x |
| Cummins | United States of America | Machinery, Industrial Parts, Railways | $599 | $87.3B | 2.6x | 15.4x |
| Norfolk Southern | United States of America | Railways | $317 | $87.0B | 7.1x | 15.4x |
| Canadian National Railway | Canada | Railways | CAD 146 | $81.5B | 6.4x | 12.9x |
| Indian Railway Finance Corporation | India | Railways | INR 114 | $62.3B | 84.9x | N/A |
| East Japan Railway | Japan | Railways | JPY 3772 | $56.7B | 2.9x | 10.8x |
| Central Japan Railway | Japan | Railways | JPY 4665 | $53.9B | 4.4x | 8.7x |
| Wabtec | United States of America | Railways | $254 | $46.9B | 4.2x | 18.9x |
| Beijing-Shanghai High Speed Railway | China | Railways | CNY 5 | $40.6B | 6.5x | 11.2x |
| MTR Corp. | Hong Kong | Railways | HKD 37 | $33.9B | 4.5x | 11.0x |
| Knorr-Bremse | Germany | Automotive Parts, Railways, Industrial Parts, Electronic Components, Sensors & Instruments | €107 | $22.4B | 2.4x | 14.2x |
| CRRC Corp. | China | Railways, Rail Infrastructure, Machinery | CNY 6 | $21.0B | 0.5x | 5.4x |
| Alstom | France | Railways, Rail Infrastructure, Machinery | €30 | $19.0B | 0.8x | 9.5x |
| JR West | Japan | Railways | JPY 3413 | $18.5B | 1.6x | 7.7x |
| Tokyu | Japan | Railways | JPY 1947 | $15.3B | 2.2x | 12.4x |
| Hyundai Rotem | South Korea | Railways | KRW 206000 | $14.8B | 3.6x | 19.1x |
| Tokyo Metro | Japan | Railways | JPY 1717 | $12.8B | 4.8x | 12.4x |
| Taiwan High Speed Rail | Taiwan | Railways | TWD 27 | $11.6B | N/A | N/A |
| Times Electric | Hong Kong | Railways | HKD 58 | $10.3B | 2.5x | 12.6x |
| Rumo | Brazil | Railways | BRL 16 | $10.2B | 3.8x | 6.7x |
| Trinity Indus | United States of America | Railways | $35 | $8.7B | 4.1x | 11.3x |
| Tobu Railway | Japan | Railways | JPY 3015 | $8.6B | 2.1x | 10.7x |
| Aurizon Holdings | Australia | Railways | AUD 4 | $8.2B | 2.9x | 7.1x |
| Daqin Railway | China | Railways | CNY 5 | $7.9B | 0.7x | 3.6x |
| Odakyu Electric Railway | Japan | Railways | JPY 1740 | $7.6B | 2.8x | 12.1x |
| Kyushu Railway | Japan | Railways | JPY 4040 | $6.5B | 2.1x | 9.3x |
| China Railway Signal | Hong Kong | Railways | HKD 6 | $6.3B | 1.2x | 7.8x |
| Keisei Electric Railway | Japan | Railways | JPY 1312 | $6.2B | 2.9x | 14.0x |
| Bangkok Expressway | Thailand | Railways | THB 5 | $5.9B | 10.6x | 19.9x |
| Indian Railway Catering and Tourism | India | Railways | INR 622 | $5.1B | 9.4x | 27.5x |
| Nankai Electric Railway | Japan | Railways | JPY 3060 | $4.9B | 2.8x | N/A |
| MRS Logistica | Brazil | Railways | BRL 46 | $4.1B | N/A | N/A |
| Container Corporation of India | India | Railways | INR 507 | $3.9B | 3.8x | 17.3x |
| Inner Mongolia First Machinery Group | China | Industrial Parts, Railways | CNY 17 | $3.8B | 2.4x | N/A |
| Nishi-Nippon Railroad | Japan | Railways | JPY 3037 | $3.4B | 1.1x | 10.7x |
| Triangle Defense Co. | China | Defense Systems, Railways, Aircraft & Space Systems | CNY 44 | $3.2B | 11.0x | 32.7x |
| Greenbrier Companies | United States of America | Railways | $56 | $3.2B | 1.0x | 6.9x |
| ComfortDelGro | Singapore | Railways | SGD 1 | $3.2B | 0.8x | 5.2x |
| CAF | Spain | Railways | €59 | $2.8B | 0.5x | 6.5x |
| Guangshen Railway | China | Railways | CNY 3 | $2.8B | 0.7x | 5.4x |
| FirstGroup | United Kingdom of Great Britain and Northern Ireland | Railways | £2 | $2.5B | 0.4x | 2.5x |
| Stadler Rail | Switzerland | Railways | CHF 21 | $2.3B | 0.5x | 5.9x |
| Jungfraubahn Holding | Switzerland | Travel Services, Railways | CHF 296 | $2.2B | 5.5x | 12.1x |
| Vossloh | Germany | Railways | €82 | $1.8B | 1.1x | 8.2x |
| Newag | Poland | Railways, Machinery, Rail Infrastructure | PLN 128 | $1.6B | 2.4x | 11.7x |
| Titagarh Rail Systems | India | Railways | INR 778 | $1.2B | 2.8x | 25.9x |
| Talgo | Spain | Railways | €3 | $1.0B | 1.4x | 34.6x |
| Fnm | Italy | Railways | €1 | $868M | 1.1x | 3.1x |
| BVZ Holding | Switzerland | Railways | CHF 1360 | $763M | N/A | N/A |
| SAPTCO | Saudi Arabia | Road Transportation, Railways | SAR 10 | $576M | N/A | N/A |
| Uestra Hannoversche | Germany | Railways | €7 | $275M | N/A | N/A |
| NRC Group | Norway | Railways | NOK 9 | $257M | 0.4x | 7.1x |
| Nurminen Logistics | Finland | Railways | €1 | $84.7M | 0.6x | 2.8x |
| SBF | Germany | Railways | €4 | $53.7M | 1.1x | 25.0x |
| Signaux Girod | France | Railways | €17 | $21.4M | N/A | N/A |
| SMT Scharf | Germany | Railways | €6 | $18.9M | 0.2x | 3.8x |
| Railway Metrics and | Sweden | Railways | SEK 1 | $9.9M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of February 13, 2026. Financial data powered by Morningstar and FactSet.
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