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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Union Pacific | United States of America | Railways | $221 | $163B | 6.6x | 13.0x |
| CSX | United States of America | Railways | $34 | $82.3B | 5.8x | 12.5x |
| Canadian Pacific Kansas City | Canada | Railways | CAD 97 | $79.0B | 7.3x | 14.3x |
| Norfolk Southern | United States of America | Railways | $281 | $78.8B | 6.4x | 13.9x |
| Canadian National Railway | Canada | Railways | CAD 131 | $72.6B | 5.9x | 12.0x |
| Cummins | United States of America | Machinery, Industrial Parts, Railways | $465 | $69.2B | 2.1x | 12.1x |
| Indian Railway Finance Corporation | India | Railways | INR 121 | $61.6B | 82.0x | N/A |
| East Japan Railway | Japan | Railways | JPY 3800 | $58.2B | 3.0x | 11.0x |
| Central Japan Railway | Japan | Railways | JPY 4068 | $51.0B | 4.1x | 8.2x |
| Beijing-Shanghai High Speed Railway | China | Railways | CNY 5 | $40.7B | 6.8x | 11.7x |
| Wabtec | United States of America | Railways | $198 | $38.6B | 3.5x | 15.8x |
| MTR Corp. | Hong Kong | Railways | HKD 30 | $28.4B | 3.8x | 9.8x |
| CRRC Corp. | China | Railways, Rail Infrastructure, Machinery | CNY 7 | $24.7B | 0.7x | 6.7x |
| JR West | Japan | Railways | JPY 3034 | $17.7B | 1.5x | 7.4x |
| Knorr-Bremse | Germany | Automotive Parts, Railways, Industrial Parts, Electronic Components, Sensors & Instruments | €83 | $17.4B | 1.9x | 11.3x |
| Alstom | France | Railways, Rail Infrastructure, Machinery | €23 | $14.8B | 0.7x | 7.7x |
| Tokyu | Japan | Railways | JPY 1718 | $14.6B | 2.1x | 11.7x |
| Hyundai Rotem | South Korea | Railways | KRW 187300 | $13.4B | 3.4x | 18.3x |
| Tokyo Metro | Japan | Railways | JPY 1565 | $12.6B | 4.6x | 12.0x |
| Taiwan High Speed Rail | Taiwan | Railways | TWD 28 | $11.9B | N/A | N/A |
| GMexico Transportes | Mexico | Railways | MXN 33 | $9.8B | 2.8x | 6.5x |
| Rumo | Brazil | Railways | BRL 15 | $9.4B | 3.6x | 6.3x |
| Daqin Railway | China | Railways | CNY 6 | $9.3B | 0.9x | 4.4x |
| Times Electric | Hong Kong | Railways | HKD 50 | $8.9B | 2.2x | 11.4x |
| Tobu Railway | Japan | Railways | JPY 2501 | $8.1B | 1.9x | 9.7x |
| Trinity Indus | United States of America | Railways | $25 | $7.9B | 3.6x | 10.3x |
| Odakyu Electric Railway | Japan | Railways | JPY 1651 | $7.5B | 2.7x | 11.8x |
| Aurizon Holdings | Australia | Railways | AUD 3 | $7.4B | 2.9x | 7.0x |
| Kyushu Railway | Japan | Railways | JPY 3888 | $6.5B | 2.1x | 9.3x |
| Indian Railway Catering and Tourism | India | Railways | INR 704 | $6.0B | 10.6x | 31.4x |
| Keisei Electric Railway | Japan | Railways | JPY 1225 | $5.9B | 2.8x | 13.3x |
| China Railway Signal | Hong Kong | Railways | HKD 5 | $5.8B | 1.2x | 8.1x |
| Bangkok Expressway | Thailand | Railways | THB 6 | $5.8B | 10.9x | 20.3x |
| Nankai Electric Railway | Japan | Railways | JPY 2792 | $4.7B | 2.7x | N/A |
| Container Corporation of India | India | Railways | INR 523 | $4.1B | 4.0x | 18.1x |
| Inner Mongolia First Machinery Group | China | Industrial Parts, Railways | CNY 18 | $4.0B | 2.6x | 26.8x |
| Nishi-Nippon Railroad | Japan | Railways | JPY 2541 | $3.2B | 1.1x | 10.3x |
| ComfortDelGro | Singapore | Railways | SGD 1 | $3.0B | 0.8x | 5.1x |
| FirstGroup | United Kingdom of Great Britain and Northern Ireland | Railways | £2 | $3.0B | 0.5x | 3.1x |
| MRS Logistica | Brazil | Railways | BRL 29 | $3.0B | N/A | N/A |
| Greenbrier Companies | United States of America | Railways | $42 | $2.8B | 0.9x | 5.8x |
| Guangshen Railway | China | Railways | CNY 3 | $2.6B | 0.7x | 5.6x |
| CAF | Spain | Railways | €51 | $2.4B | 0.5x | 5.8x |
| Triangle Defense Co. | China | Defense Systems, Railways, Aircraft & Space Systems | CNY 28 | $1.9B | 7.0x | 21.1x |
| Stadler Rail | Switzerland | Railways | CHF 19 | $1.9B | 0.4x | 5.3x |
| Jungfraubahn Holding | Switzerland | Travel Services, Railways | CHF 243 | $1.7B | 4.5x | 9.9x |
| Vossloh | Germany | Railways | €69 | $1.4B | 0.9x | 6.9x |
| Titagarh Rail Systems | India | Railways | INR 870 | $1.3B | 3.0x | 25.9x |
| Newag | Poland | Railways, Machinery, Rail Infrastructure | PLN 97 | $1.2B | N/A | N/A |
| Talgo | Spain | Railways | €3 | $930M | 1.3x | 25.6x |
| Fnm | Italy | Railways | €0 | $826M | 1.1x | 3.1x |
| BVZ Holding | Switzerland | Railways | CHF 1050 | $650M | N/A | N/A |
| SAPTCO | Saudi Arabia | Road Transportation, Railways | SAR 11 | $629M | N/A | N/A |
| Uestra Hannoversche | Germany | Railways | €9 | $320M | N/A | N/A |
| NRC Group | Norway | Railways | NOK 7 | $205M | 0.3x | 6.5x |
| Nurminen Logistics | Finland | Railways | €1 | $84.9M | 0.7x | 2.9x |
| SBF | Germany | Railways | €5 | $57.1M | 1.1x | 28.1x |
| SMT Scharf | Germany | Railways | €6 | $20.3M | 0.2x | 3.7x |
| Signaux Girod | France | Railways | €15 | $16.4M | N/A | N/A |
| Railway Metrics and | Sweden | Railways | SEK 1 | $6.3M | N/A | N/A |
Valuation multiples as of last 12 months (LTM). Stock prices as of November 19, 2025. Financial data powered by Morningstar and FactSet.
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