Start with its own history
At 27.56×, CP is 28.4% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · CPRailroadsUpdated Nov 3, 2026
Canadian Pacific Kansas City Ltd. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
27.56×
28.4% abovethe 10-year annual average
Share price91.49
÷Earnings per share3.32
Price and EPS in quote currency. Calculation details
Investors are paying 27.56 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 21.47×
3-year average24.50×3 positive annual observations
5-year average24.37×5 positive annual observations
10-year average21.47×10 positive annual observations
Peer median · TTM20.56×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 22.36× | -14.5% |
| Dec 31, 2024 | 26.15× | +4.7% |
| Dec 31, 2023 | 24.98× | -6.5% |
| Dec 31, 2022 | 26.71× | +23.3% |
| Dec 31, 2021 | 21.66× | -11.4% |
| Dec 31, 2020 | 24.46× | +30.1% |
| Dec 31, 2019 | 18.81× | +6.0% |
| Dec 31, 2018 | 17.75× | +27.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 13.92× | -22.3% |
| Dec 31, 2016 | 17.90× | -14.4% |
| Dec 31, 2015 | 20.92× | -20.1% |
| Dec 31, 2014 | 26.17× | -18.6% |
| Dec 31, 2013 | 32.13× | -10.8% |
| Dec 31, 2012 | 36.04× | +75.0% |
| Dec 31, 2011 | 20.60× | +22.8% |
| Dec 31, 2010 | 16.78× | -2.5% |
| Dec 31, 2009 | 17.21× | +70.0% |
| Dec 31, 2008 | 10.12× | -3.0% |
| Dec 31, 2007 | 10.44× | -15.2% |
| Dec 31, 2006 | 12.32× | -12.7% |
| Dec 31, 2005 | 14.12× | -10.7% |
| Dec 31, 2004 | 15.81× | +8.0% |
| Dec 31, 2003 | 14.64× | +45.7% |
| Dec 31, 2002 | 10.05× | -28.0% |
| Dec 31, 2001 | 13.96× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CP This stockCanadian Pacific Kansas City Ltd. | 27.56× |
 UNP.TOUnion Pacific Corporation | 23.89× |
 CNR.TOCanadian National Railway Company | 22.28× |
 NSCNorfolk Southern Corporation | 28.95× |
 CSXCSX Corporation | 26.75× |
 9022.TCentral Japan Railway Company | 6.99× |
 601816.SSBeijing-Shanghai High-Speed Railway Co.,Ltd. | 18.84× |
 9020.TEast Japan Railway Company | 16.51× |
 0066.HKMTR Corporation Limited | 9.06× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CP’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 20.56×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 91.49 ÷ EPS 3.32 = 27.56×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 3, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CP P/E ratio: common questions
The essentials behind the numbers.
Canadian Pacific Kansas City Ltd.'s current P/E is 27.56× based on the quote data last updated Nov 3, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.