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Canadian Pacific Kansas City Limited CP.TO

CA · Toronto Stock Exchange · XTSE · stock · Industrials · website

Canadian Pacific Kansas City Limited statistics & valuation

Market capC$115.0B
P / E27.8×
P / S7.6×
P / B2.5×
P / FCF53.0×
Net margin27.5%
FCF margin14.4%
Net debtC$23.4B
Enterprise value USD$99.5B
Earnings yield EBIT/EV4.1%
Return on capital7%
Graham number -44.4%C$72.77

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$72.77); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
39.90% 31.30% 25.60% 27.50% 2022202320242025
Gross margin (%)
37.80% 35.00% 35.60% 37.20% 2022202320242025
Operating margin (%)
37.80% 35.00% 35.60% 37.20% 2022202320242025
Return on equity (%)
9.00% 9.50% 7.80% 9.00% 2022202320242025
Shares outstanding
879.1M 879.1M 879.1M 879.1M 2022202320242025
Net debt (C$)
C$19.47B C$22.37B C$22.25B C$23.41B 2022202320242025
Share buybacks (C$)
C$0 C$0 C$0 C$3.94B 2022202320242025
Return on assets (%)
4.80% 4.90% 4.20% 4.80% 2022202320242025
Free cash flow margin (%)
29.30% 13.00% 16.50% 14.40% 2022202320242025
Debt / equity (×)
0.51× 0.55× 0.48× 0.51× 2022202320242025
EPS (C$)
C$3.77 C$4.21 C$3.98 C$4.51 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Canadian Pacific Kansas City Limited trades at about 29× earnings — near its 10-year norm (10-year range 22.4×–29×, median 27.9×).

22.4× 29×

Shaded band = 10-year range (22.4×–29×); dot = today's 29×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin37.2%35.6%35.0%37.8%
Operating margin37.2%35.6%35.0%37.8%
Net margin27.5%25.6%31.3%39.9%
FCF margin14.4%16.5%13.0%29.3%
Return on assets4.8%4.2%4.9%4.8%
Return on equity9.0%7.8%9.5%9.0%
Debt / equity0.43×0.41×0.47×0.47×
Current ratio0.490.600.530.59

Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.