Railway capacity estimation problem is typically defined as estimating the maximum number of trains that can be operated in a railway section within a given time interval. However, trains with different speeds, routes, and stopping patterns in a railway network will likely compete for the limited capacity of network nodes and sections. As these trains may provide different services, it is ambiguous to simply indicate the network capacity by a scalar number of trains. To comprehensively estimate and interpret the railway capacity considering the capacity competition between heterogeneous trains, we propose a multiobjective perspective for the capacity estimation problem to enrich the capacity theory while handling the competition among trains with different routes and stopping patterns. Based on a time-space network timetable saturation model, we extend the multiobjective capacity estimation approach to the detailed timetable level by optimizing the saturated timetable under capacity estimation objectives with respect to different routes and stopping patterns. With the ε-constraint method, we can obtain the Pareto front of saturated timetables, i.e., a set of nondominated optimized timetables that no more candidate train can be additionally scheduled. The result is a more comprehensive capacity representation than a single absolute scalar number. A case study is conducted on a combined high-speed and intercity network of Zhengzhou Railway group in China. An extensive set of Pareto-optimal saturated timetables describing the effects on the capacity of the railway network is obtained. The results can help infrastructure managers select saturated timetables as the capacity utilization reference by considering the trade-off between time indexes from passengers’ and operators’ perspectives.