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- Pacific
- Pennsylvania
- Pennsylvania 4-6-2 K4
- Pennsylvania ALCo A-A Set
- Pennsylvania Coal Mine Ready-To-Run O-27 Set
- Pennsylvania Flyer 3
- Pennsylvania Flyer Deluxe
- Pennsylvania Flyer G Gauge
- Pennsylvania Flyer Ready-to-Run Set
- Pennsylvania K-4
- Pennsylvania K-4 Freight Ready-To-Run O Gauge Set
- Pennsylvania Limited
- Pennsylvania Limited Ready-to-Run
- Pennsylvania Railroad 4-4-4-4 T1 Duplex
- Pennsylvania S-2
- Pepsi-Cola
- PERCY 2
- Percy 71-8771-250
- Percy Remote Control Ready-To-Run Set
- Pioneer Zephyr 2
- Pirate Ship Ride
- Playground Swings 2
- Play World Amusement ParkSwing Ride
- Plug-Expand-Play
- Plug-Expand-Play Classic Automatic Gateman
- PMBR
- Polar Express
- POLARGTX
- Port of Lionel City
- Powered F-3 B-Unit
- Powered F3 B-Unit Diesel Locomotive
- Powered F7 B-Unit Diesel Locomotive
- PowerMax Transformer
- Pylon