This report is for educational purposes only, and not to provide investment advice.  Before making any investment decision, you should always do your own research or consult a investment professional.
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Unaudited
See my website on stocks or see my blog at the following sites.  www.spbrunner.com/stocks.html www.spbrunner.blogspot.com/
Canadian National Railway TSX: CNR NYSE: CNI http://www.cn.ca/  Fiscal Yr: Dec 31
Year 12/31/00 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/30/12 12/30/13 #Y
Accting Rules US GAAP US GAAP
Revenue* $5,428 $5,652 $6,110 $5,884 $6,548 $7,240 $7,716 $7,897 $8,482 $7,367 $8,297 $9,028 $9,686 $10,339 59.73% <-Total Growth 10 Revenue
Increase 3.67% 4.13% 8.10% -3.70% 11.28% 10.57% 6.57% 2.35% 7.41% -13.15% 12.62% 8.81% 7.29% 6.74% 4.79% <-IRR #YR-> 10 Revenue
Rev per Share $9.49 $9.78 $10.31 $10.35 $13.75 $13.49 $15.06 $16.28 $17.87 $15.64 $18.06 $20.42 $21.91 $23.39 3.19% <-IRR #YR-> 5 Revenue
P/S (Price/Sales) 1.56 2.58 2.05 2.62 2.69 3.45 3.33 2.87 2.51 3.67 3.67 3.92 3.55 3.32 7.64% <-IRR #YR-> 10 Rev per share
*Revenue in M CDN $  P/S 10 yr  3.10 5 yr  3.67 6.28% <-IRR #YR-> 5 Rev per share
-$5,652 $0 $0 $0 $0 $0 $0 $0 $0 $0 $9,028
-$7,716 $0 $0 $0 $0 $9,028
-$9.78 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $20.42
-$15.06 $0.00 $0.00 $0.00 $0.00 $20.42
EPS* $1.56 $1.74 $1.32 $1.75 $2.17 $2.77 $3.91 $4.25 $3.95 $3.92 $4.48 $5.41 $5.31 $5.94 210.33% <-Total Growth 10 Earnings
Increase 24.87% 11.99% -24.09% 31.86% 24.36% 27.65% 41.16% 8.70% -7.06% -0.76% 14.29% 20.76% -1.85% 11.86% 11.99% <-IRR #YR-> 10 Earnings
Earnings Yield 10.5% 6.9% 6.2% 6.4% 5.9% 5.9% 7.8% 9.1% 8.8% 6.8% 6.8% 6.7% 6.71% <-IRR #YR-> 5 Earnings
* ESP per share (Cdn GAAP) E/P 10 Yrs 6.75% 5Yrs 6.84%
-$1.74 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.41
-$3.91 $0.00 $0.00 $0.00 $0.00 $5.41
preSplit '99
preSplit '04 $0.70 $0.78 $0.86
preSplit '06 $0.47 $0.52 $0.57 $0.67 $0.78 $1.00
Div* $0.23 $0.26 $0.29 $0.34 $0.39 $0.50 $0.65 $0.84 $0.92 $1.01 $1.08 $1.30 $1.50 $1.50 400.00% <-Total Growth 10 Dividend
Increase 16.67% 11.43% 10.26% 16.86% 16.42% 28.21% 30.00% 29.23% 9.52% 9.78% 6.93% 20.37% 15.38% 0.00% 16.64% <-Median-> 10 Dividend
Yield H/L Pr. 1.68% 1.30% 1.21% 1.40% 1.23% 1.23% 1.30% 1.58% 1.88% 2.09% 1.77% 1.78% 1.49% <-Median-> 10 Dividend
Yield on High  Pr. 1.42% 1.10% 1.03% 1.21% 1.03% 1.05% 1.17% 1.38% 1.61% 1.74% 1.57% 1.62% 1.30% <-Median-> 10 Dividend
Yield on Low Pr. 2.07% 1.59% 1.48% 1.65% 1.52% 1.48% 1.45% 1.84% 2.24% 2.61% 2.03% 1.98% 1.74% <-Median-> 10 Dividend
Yield on Cl Pr. 1.58% 1.03% 1.35% 1.24% 1.05% 1.07% 1.30% 1.80% 2.05% 1.76% 1.63% 1.62% 1.93% 1.93% 1.49% <-Median-> 10 Dividend
Payout Ratio 15.0% 14.9% 21.7% 19.2% 18.0% 18.1% 16.6% 19.8% 23.3% 25.8% 24.1% 24.0% 28.2% 25.3% 20.71% <-Median-> 10 DPR EPS
Payout Ratio CF 8.9% 9.3% 10.5% 9.6% 8.7% 9.9% 11.3% 16.9% 21.5% 20.9% 16.5% 19.3% 19.4% 19.5% 13.92% <-Median-> 10 DPR CF
Payout Ratio CF NC 9.2% 8.3% 9.1% 9.8% 8.0% 9.8% 12.1% 16.4% 17.0% 20.4% 18.1% 19.3% 19.4% 19.5% 14.27% <-Median-> 10 DPR CF NC
Median 5 Yrs Div Yd 2.24% 5 2.59% 10 Yield  1.78% 1.76% Payout 24.03% 19.31% 17.46% <-IRR #YR-> 10 Dividend
* Dividends per share  3.0% Years 3.0% Years Curr diff 8.28% Last Div Inc ---> $0.325 $0.375 15.4% 14.87% <-IRR #YR-> 5 Dividend
-$0.26 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.30
-$0.65 $0.00 $0.00 $0.00 $0.00 $1.30
Div Gr, Cap Gain # yrs -> 1 Div Gr 15.38% Cap Gain 12.10% # yrs -> 7 Div Gr 200.00% Cap Gain 107.78%
I am earning Div start $1.30 1.87% RRSP $69.36 2011 2.16% Div start $0.50 1.34% Trading $37.42 2005 4.01% Dividends
H/LYield held 5 yrs 2.76% 2.52% 2.63% 3.61% 3.25% 3.56% 3.83% 3.17% 2.66% 2.59% 2.82% 3.06% 2.97% <-Median-> 10 Dividends
H/LYield held 10 yrs 8.08% 6.93% 6.82% 7.79% 6.49% 6.36% 6.25% 6.93% <-Median-> 5 Dividends
H/LYield held 15 yrs 14.43% 11.30% #NUM! <-Median-> 0 Dividends
Graham Price $20.10 $22.54 $20.51 $24.13 $30.85 $32.77 $41.07 $44.79 $44.46 $45.86 $49.72 $54.23 $53.72 $56.82 140.58% <-Total Growth 10 Graham Price
Prem /Disc.Med H/L -31.02% -11.16% 15.08% -0.55% 3.15% 24.02% 22.00% 18.64% 10.30% 5.46% 22.73% 34.55% 16.86% <-Median-> 10 Graham Price
Prem /Disc. High -18.17% 5.00% 36.01% 14.65% 23.31% 45.03% 35.19% 35.42% 28.20% 26.46% 38.53% 48.04% 35.30% <-Median-> 10 Graham Price
Prem /Disc. Ave -31.02% -11.16% 15.08% -0.55% 3.15% 24.02% 22.00% 18.64% 10.30% 5.46% 22.73% 34.55% 16.86% <-Median-> 10 Graham Price
Prem /Disc. Low -43.87% -27.32% -5.86% -15.76% -17.01% 3.01% 8.82% 1.86% -7.61% -15.53% 6.93% 21.07% -2.00% <-Median-> 10 Graham Price
Prem/Disc Cl -35.99% 10.79% 3.22% 11.02% 16.60% 29.63% 17.98% 4.00% 0.71% 20.01% 25.07% 32.34% 30.90% 26.92% 17.29% <-Median-> 10 Graham Price
preSplit 06 $29.57 $50.53 $42.38 $54.25 $73.99 $93.14
Price Cl $14.78 $25.27 $21.19 $27.12 $37.00 $46.57 $50.07 $46.65 $44.78 $57.34 $66.35 $80.15 $77.75 $77.75 217.22% <-Total Growth 10 Stock Price
Increase 13.72% 70.91% -16.13% 28.00% 36.39% 25.88% 7.52% -6.83% -4.01% 28.05% 15.71% 20.80% -2.99% 0.00% 12.24% <-IRR #YR-> 10 Stock Price
P/E 9.50 14.49 16.01 15.54 17.05 16.81 12.81 10.98 11.34 14.63 14.81 14.82 14.64 13.09 9.87% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.86 16.23 12.15 20.50 21.20 21.46 18.08 11.93 10.54 14.52 16.93 17.89 14.37 14.64 13.78% <-IRR #YR-> 10 Price & Div
Median 10, 5 Yrs D.  per yr 1.55% 1.69% % Tot Ret 11.21% 14.59% Price Inc 15.71% P/E:  14.81 14.63 11.55% <-IRR #YR-> 5 Price & Div
-$25.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $80.15
-$50.07 $0.00 $0.00 $0.00 $0.00 $80.15
-$25.27 $0.29 $0.34 $0.39 $0.50 $0.65 $0.84 $0.92 $1.01 $1.08 $81.45
-$50.07 $0.84 $0.92 $1.01 $1.08 $81.45
Price Med. H/L $13.87 $20.03 $23.60 $24.00 $31.83 $40.64 $50.11 $53.14 $49.04 $48.37 $61.02 $72.97 264.37% <-Total Growth 10 Stock Price
Increase -6.41% 44.41% 17.85% 1.69% 32.60% 27.70% 23.29% 6.05% -7.71% -1.37% 26.14% 19.59% 13.80% <-IRR #YR-> 10 Stock Price
P/E 8.91 11.49 17.83 13.75 14.67 14.67 12.81 12.50 12.42 12.34 13.62 13.49 7.81% <-IRR #YR-> 5 Stock Price
Trailing P/E 11.12 12.86 13.54 18.14 18.24 18.73 18.09 13.59 11.54 12.25 15.57 16.29 15.63% <-IRR #YR-> 10 Price & Div
Median 10, 5 Yrs D.  per yr 1.82% 1.75% % Tot Ret 11.67% 18.31% Price Inc 6.05% P/E:  13.55 12.50 9.56% <-IRR #YR-> 5 Price & Div
-$20.03 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $72.97
-$50.11 $0.00 $0.00 $0.00 $0.00 $72.97
-$20.03 $0.29 $0.34 $0.39 $0.50 $0.65 $0.84 $0.92 $1.01 $1.08 $74.27
-$50.11 $0.84 $0.92 $1.01 $1.08 $74.27
Hi Mths Nov Aug Mar Dec Dec Dec Mar Jul May Dec Oct Dec
preSplit 06 $32.90 $47.33 $55.79 $55.34 $76.09 $95.05
Price Hi $16.45 $23.67 $27.89 $27.67 $38.05 $47.53 $55.52 $60.65 $57.00 $58.00 $68.87 $80.28 239.21% <-Total Growth 10 Stock Price
Increase -6.67% 43.87% 17.86% -0.80% 37.50% 24.92% 16.82% 9.24% -6.02% 1.75% 18.74% 16.57% 12.99% <-IRR #YR-> 10 Stock Price
P/E 10.57 13.58 21.08 15.86 17.53 17.16 14.20 14.27 14.43 14.80 15.37 14.84 7.65% <-IRR #YR-> 5 Stock Price
Trailing P/E 13.20 15.20 16.00 20.91 21.80 21.90 20.04 15.51 13.41 14.68 17.57 17.92
Median 10, 5 Yrs Price Inc 9.24% P/E:  15.11 14.80
-$23.67 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $80.28
-$55.52 $0.00 $0.00 $0.00 $0.00 $80.28
Low Mths Feb Jan Oct Mar Mar Jan Aug Nov Dec Mar Feb Sep
preSplit 06 $22.57 $32.77 $38.61 $40.66 $51.21 $67.51
Price Low $11.28 $16.38 $19.31 $20.33 $25.61 $33.76 $44.69 $45.62 $41.08 $38.74 $53.16 $65.65 300.71% <-Total Growth 10 Stock Price
Increase -6.04% 45.20% 17.84% 5.30% 25.95% 31.83% 32.40% 2.08% -9.95% -5.70% 37.22% 23.50% 14.89% <-IRR #YR-> 10 Stock Price
P/E 7.25 9.40 14.59 11.65 11.80 12.19 11.43 10.73 10.40 9.88 11.87 12.13 8.00% <-IRR #YR-> 5 Stock Price
Trailing P/E 9.05 10.52 11.07 15.36 14.67 15.56 16.13 11.67 9.67 9.81 13.56 14.65
Median 10, 5 Yrs Price Inc 2.08% P/E:  11.72 10.73
-$16.38 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $65.65
Market Cap $8,453 $14,607 $12,555 $15,417 $17,617 $24,999 $25,656 $22,635 $21,257 $27,007 $30,481 $35,434 $34,373
# of Sh in M 571.80 578.10 592.50 568.40 476.20 536.80 512.4 485.2 474.7 471.0 459.4 442.1 442.1 442.1 -441.79% <-Total Growth 10 Shares
Increase -5.83% 1.10% 2.49% -4.07% -16.22% 12.73% -4.55% -5.31% -2.16% -0.78% -2.46% -3.77% 0.00% 0.00% -3.11% <-Median-> 10 Shares
CF fr Op $M $1,506 $1,621 $1,612 $1,976 $2,139 $2,705 $2,950 $2,417 $2,031 $2,279 $2,999 $2,976 $3,426 $3,395 140.07% <-Total Growth 10 Cash Flow
OPS $2.63 $2.80 $2.72 $3.48 $4.49 $5.04 $5.76 $4.98 $4.28 $4.84 $6.53 $6.73 $7.75 $7.68 -51.78% <-Total Growth 10 Cash Flow
Increase 25.14% 6.46% -2.97% 27.78% 29.21% 12.18% 14.25% -13.47% -14.11% 13.09% 34.92% 3.12% 15.13% -0.90% 9.15% <-IRR #YR-> 10 Cash Flow
Non-Cash CF -$60 $196 $252 -$27 $197 $31 -$202 $65 $545 $56 -$252 $8 3.18% <-IRR #YR-> 5 Cash Flow
OPS non-cash $2.53 $3.14 $3.15 $3.43 $4.91 $5.10 $5.36 $5.12 $5.43 $4.96 $5.98 $6.75 $7.75 $7.68 7.94% <-IRR #YR-> 10 CF - non cash
Increase 12.99% 24.29% 0.09% 8.99% 43.06% 3.90% 5.22% -4.62% 6.08% -8.64% 20.62% 12.88% 14.82% -0.90% 4.71% <-IRR #YR-> 5 CF - non cash
P/OCF on Cl 5.85 8.04 6.74 7.91 7.54 9.14 9.34 9.12 8.25 11.57 11.10 11.87 10.03 10.12
*Operational Cash Flow per share P/CF 10 yr Ave 9.26 5 yr Ave 10.38
-$2.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.73
-$5.76 $0.00 $0.00 $0.00 $0.00 $6.73
-$3.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $6.75
-$5.36 $0.00 $0.00 $0.00 $0.00 $6.75
OPM 27.75% 28.68% 26.38% 33.58% 32.67% 37.36% 38.23% 30.61% 23.94% 30.94% 36.15% 32.96% should be zero, it is a check on calculations
Diff from Ave -15.5% -12.6% -19.6% 2.3% -0.5% 13.9% 16.5% -6.7% -27.0% -5.7% 10.1% 0.5% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 32.82% 5 Yrs 30.94%
About right for this sort of company
Curr Assets $1,108 $1,164 $1,192 $1,127 $1,710 $1,149 $1,336 $1,048 $1,756 $1,490 $1,590 $1,848 Net ratio of 1.5 and up Assets
Curr Liab. $1,905 $1,669 $2,134 $1,977 $2,259 $1,958 $2,114 $1,590 $1,892 $1,237 $1,906 $1,715 0.71 <-Median-> 10 Liability
Liquidity 0.58 0.70 0.56 0.57 0.76 0.59 0.63 0.66 0.93 1.20 0.83 1.08 0.93 <-Median-> 5 Ratio
Liq. with CF aft div 1.30 1.58 1.23 1.47 1.62 1.83 1.87 1.92 1.77 2.66 2.15 2.48 2.15 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  0.86 0.69 0.86 0.95 0.78 1.18 1.14 1.23 1.02 1.23 1.24 1.74 1.23 <-Median-> 5 Ratio
CF to Cur. Debt 0.79 0.97 0.76 1.00 0.95 1.38 1.40 1.52 1.07 1.84 1.57 1.74 1.57 <-Median-> 5 Ratio
Por. L. T. Debt $540 $135
Less above 1.16 1.17 1.17 <-Median-> 2 Ratio
Assets $17,314 $21,223 $21,738 $20,337 $22,365 $22,188 $24,004 $23,460 $26,720 $25,176 $25,206 $26,026 Net ratio of 1.5 and up Assets
Liab. $10,716 $13,735 $13,369 $11,905 $13,081 $12,939 $14,180 $13,283 $16,161 $13,943 $13,941 $15,346 1.71 <-Median-> 10 Liability
Assets/Liability Ratio 1.62 1.55 1.63 1.71 1.71 1.71 1.69 1.77 1.65 1.81 1.81 1.70 1.77 <-Median-> 5 Ratio
Book Value $6,598 $7,488 $8,369 $8,432 $9,284 $9,249 $9,824 $10,177 $10,559 $11,233 $11,265 $10,680 $11,265 86.50% <-Total Growth 10 Book Value
BV per share $11.54 $12.95 $14.12 $14.83 $19.50 $17.23 $19.17 $20.97 $22.24 $23.85 $24.52 $24.16 $24.16 $24.16 -112.11% <-Total Growth 10 Book Value
Change 14.45% 12.25% 9.05% 5.02% 31.42% -11.62% 11.27% 9.40% 6.05% 7.22% 2.82% -1.48% 0.00% 0.00% 1.3869 Current/Historical Book Value
P/BV (CL) 1.28 1.95 1.50 1.83 1.90 2.70 2.61 2.22 2.01 2.40 2.71 3.32 3.22 3.22 6.43% <-IRR #YR-> 10 Book Value
Change -0.64% 52.26% -23.09% 21.88% 3.78% 42.44% -3.38% -14.84% -9.48% 19.43% 12.54% 22.62% -2.99% 0.00% 4.73% <-IRR #YR-> 5 Book Value
Leverage (A/BK) 2.62 2.83 2.60 2.41 2.41 2.40 2.44 2.31 2.53 2.24 2.24 2.44 0.00 #DIV/0! 2.41 <-Median-> 10 A/BV
Debt/Equity R. 1.62 1.83 1.60 1.41 1.41 1.40 1.44 1.31 1.53 1.24 1.24 1.44 0.00 #DIV/0! 1.41 <-Median-> 10 Debt/Eq Ratio
Averages P/BV 10 yr Ave 2.32 5 yr Ave 2.53
-$12.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $24.16
-$19.17 $0.00 $0.00 $0.00 $0.00 $24.16
ROE 16.0% 18.8% 21.3% 16.8% 9.4% 11.9% 12.4% 12.43% <-Median-> 5 Compreh. Inc
Comprehensive Inc $1,482 $1,851 $2,171 $1,771 $1,061 $1,343 $1,327 Compreh. Inc
Diff $761 $1,130
ROE 14.2% 13.9% 9.6% 12.0% 13.6% 16.8% 21.2% 20.5% 17.9% 16.5% 18.7% 23.0% Return on Equity ROE
5Yr Median 12.3% 13.9% 12.3% 12.3% 13.6% 13.6% 13.6% 16.8% 17.9% 17.9% 18.7% 18.7% ROE
Net Income $937 $1,040 $800 $1,014 $1,258 $1,556 $2,087 $2,087 $1,895 $1,854 $2,104 $2,457 83.59% <-Total Growth 10 Net Income
Oper C. F. $1,506 $1,621 $1,612 $1,976 $2,139 $2,705 $2,950 $2,417 $2,031 $2,279 $2,999 $2,976 Cash Flow Statement CF from continuing operations
Invest. C. F -$981 -$2,173 -$924 -$1,075 -$2,411 -$1,075 -$1,349 -$895 -$1,400 -$1,437 -$1,383 -$729 Cash Flow Statement
Total Accruals $412 $1,592 $112 $113 $1,530 -$74 $486 $565 $1,264 $1,012 $488 $210
Total Assets $17,314 $21,223 $21,738 $20,337 $22,365 $22,188 $24,004 $23,460 $26,720 $25,176 $25,206 $26,026 Balance Sheet
Accruals Ratio 2.38% 7.50% 0.52% 0.56% 6.84% -0.33% 2.02% 2.41% 4.73% 4.02% 1.94% 0.81% 2.78% <-Average 5 Accruals Ratio
chge in Cl 13.72% 70.91% -16.13% 28.00% 36.39% 25.88% 7.52% -6.83% -4.01% 28.05% 15.71% 20.80%
Did as expected? no no yes no no no yes Mk dwn Mk dwn no no no
Fin. C. F -$1,715 -$1,484 -$1,343 -$559 -$884 -$1,485 -$1,650
Total Accruals $1,641 $1,970 $1,908 $1,823 $1,896 $1,973 $1,860
Accruals Ratio 7.40% 8.21% 8.13% 6.82% 7.53% 7.83% 7.15%
Cash $147 $62 $179 $310 $413 $352 $490 $101
Feb 11, 2012.  Last I looked I got estimates for 2011 and 2012 of $4.70 and $5.34 for EPS and $6.85 and 7.65 for CF.
Feb 21, 2011.  Using Unaudited statements for 2010 update. When I last looked I got estimates for 2010 and 2011 of $3.70 and $4.32 for earnings and $5.79 and $6.50 for CF.
There seems to be financial facilities in place to take care of portion of long term debt for 2010.
Feb 27, 2010.  In May 2009, I got figures for 2009 and 2010 of $3.73 and $4.30 for earnings and $5.75 and $6.32 for cash flow. Earnings at $3.92 higher, CF at $4.84 lower.
May 7, 2009. Earnings for 2009 and 2010 have been revised down from $4 and $4.50 to $3.73 and $4.30  
April 2009 AP 2008. Revenue growth is getting better.  Most indicators are neutral or good except for the Liquidity Ratio which is low at .93.
AP 2007. Only 2% of what I hold.  TD rates as a buy and expects it to go to $55. Has not had a bad year, however, increase in revenue is much lower than profit. WATCH REVENUE, NEEDS TO BE HIGHER
AR 2006. Revenue is increase at less than 1/2 rate of EPS for last 5 yrs. Div increase nicely. TD rates as a hold, but expects a decent return for the year.
2005.  This stock is still doing well and is doing what I expected. Dividend yield is low, but they increase nicely.
2004. Dividends have only increased Total Growth about 1.5% a year. Not significate. However, they do increase nicely. Probably more important.  
2004.They do seem to know how to make money for shareholders. 
Stopped being Crown Corp in 1995
How they make their money.
Canadian National Railway Company and its operating railway subsidiaries, spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, 
Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., 
Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Copyright © 2008 Website of SPBrunner. All rights reserved.
Canadian National Railway Company and its operating railway subsidiaries, spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, 
Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., 
Minneapolis/St. Paul, Memphis, St. Louis, and Jackson, Miss., with connections to all points in North America.
Institutions inf from 246.939
457 institutional holders 0.080 0.03%
http://www.nasdaq.com  247.020
My capital gain 06/07/05 -$21,641 -$21,641
28/01/09 -$8,298 -$8,298
21/09/11 -$13,872 -$29,939 800.00
30/01/12 $75,630 -$37.42
13.26% XIRR
14.88% -$13,872 200.00
1.62% 10.88% -$69.36