(WAB) Westinghouse Air Brake - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9297401088

Stock:

Total Rating 64

Risk 85

Buy Signal 0.84

Railroads +15.2
Construction Machinery & Heavy Transportation Equipment +0.7

Market Cap: 44,770m
Avg Trading Vol: 227M USD

ATR: 2.09%
Peers RS (IBD): 57.58

Risk 5d forecast
Volatility	19.5%
Relative Tail Risk	-6.62%

Reward TTM
Sharpe Ratio	1.40
Alpha	25.58

Character TTM
Beta	1.158
Beta Downside	1.352

Drawdowns 3y
Max DD	23.55%
CAGR/Max DD	1.57

EPS (Earnings per Share)

EPS CAGR: 17.97%
EPS Trend: 93.1%

Last SUE: 0.13
Qual. Beats: 0

Revenue

Rev. CAGR: 12.18%
Rev. Trend: 94.6%

Last SUE: 1.78
Qual. Beats: 1

Description: WAB Westinghouse Air Brake

Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers. Further, it offers freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long-term parts arrangements; and way equipment maintenance services. Additionally, it provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 1.17b TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.28 > 1.0
NWC/Revenue: 4.87% < 20% (prev 11.08%; Δ -6.21% < -1%)
CFO/TA 0.08 > 3% & CFO 1.76b > Net Income 1.17b
Net Debt (5.46b) to EBITDA (2.33b): 2.34 < 3
Current Ratio: 1.11 > 1.5 & < 3
Outstanding Shares: last quarter (171.0m) vs 12m ago -0.58% < -2%
Gross Margin: 33.39% > 18% (prev 0.32%; Δ 3307 % > 0.5%)
Asset Turnover: 54.78% > 50% (prev 55.54%; Δ -0.76% > 0%)
Interest Coverage Ratio: 8.14 > 6 (EBITDA TTM 2.33b / Interest Expense TTM 225.0m)

Altman Z'' 1.65

A: 0.02 (Total Current Assets 5.69b - Total Current Liabilities 5.15b) / Total Assets 22.07b
B: 0.18 (Retained Earnings 3.88b / Total Assets 22.07b)
C: 0.09 (EBIT TTM 1.83b / Avg Total Assets 20.39b)
D: 0.30 (Book Value of Equity 3.26b / Total Liabilities 10.88b)
Altman-Z'' Score: 1.65 = BB

Beneish M -2.99

DSRI: 1.04 (Receivables 1.90b/1.70b, Revenue 11.17b/10.39b)
GMI: 0.97 (GM 33.39% / 32.41%)
AQI: 1.02 (AQ_t 0.67 / AQ_t-1 0.66)
SGI: 1.08 (Revenue 11.17b / 10.39b)
TATA: -0.03 (NI 1.17b - CFO 1.76b) / TA 22.07b)
Beneish M-Score: -2.99 (Cap -4..+1) = A

What is the price of WAB shares?

As of February 26, 2026, the stock is trading at USD 262.81 with a total of 545,213 shares traded.
Over the past week, the price has changed by +1.34%, over one month by +13.56%, over three months by +27.68% and over the past year by +45.07%.

Is WAB a buy, sell or hold?

Westinghouse Air Brake has received a consensus analysts rating of 4.08. Therefore, it is recommended to buy WAB.

StrongBuy: 6
Buy: 1
Hold: 5
Sell: 0
StrongSell: 0

What are the forecasts/targets for the WAB price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	286.8	9.1%
Analysts Target Price	286.8	9.1%

WAB Fundamental Data Overview February 21, 2026

P/E Trailing = 38.2866
P/E Forward = 23.753
P/S = 4.0092
P/B = 3.9289
P/EG = 3.92
Revenue TTM = 11.17b USD
EBIT TTM = 1.83b USD
EBITDA TTM = 2.33b USD
Long Term Debt = 4.29b USD (from longTermDebt, last quarter)
Short Term Debt = 1.33b USD (from shortTermDebt, last quarter)
Debt = 6.25b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.46b USD (from netDebt column, last quarter)
Enterprise Value = 50.23b USD (44.77b + Debt 6.25b - CCE 789.0m)
Interest Coverage Ratio = 8.14 (Ebit TTM 1.83b / Interest Expense TTM 225.0m)
EV/FCF = 30.68x (Enterprise Value 50.23b / FCF TTM 1.64b)
FCF Yield = 3.26% (FCF TTM 1.64b / Enterprise Value 50.23b)
FCF Margin = 14.66% (FCF TTM 1.64b / Revenue TTM 11.17b)
Net Margin = 10.48% (Net Income TTM 1.17b / Revenue TTM 11.17b)
Gross Margin = 33.39% ((Revenue TTM 11.17b - Cost of Revenue TTM 7.44b) / Revenue TTM)
Gross Margin QoQ = 29.98% (prev 34.72%)
Tobins Q-Ratio = 2.28 (Enterprise Value 50.23b / Total Assets 22.07b)
Interest Expense / Debt = 1.09% (Interest Expense 68.0m / Debt 6.25b)
Taxrate = 29.90% (87.0m / 291.0m)
NOPAT = 1.28b (EBIT 1.83b * (1 - 29.90%))
Current Ratio = 1.11 (Total Current Assets 5.69b / Total Current Liabilities 5.15b)
Debt / Equity = 0.56 (Debt 6.25b / totalStockholderEquity, last quarter 11.19b)
Debt / EBITDA = 2.34 (Net Debt 5.46b / EBITDA 2.33b)
Debt / FCF = 3.33 (Net Debt 5.46b / FCF TTM 1.64b)
Total Stockholder Equity = 10.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.74% (Net Income 1.17b / Total Assets 22.07b)
RoE = 10.77% (Net Income TTM 1.17b / Total Stockholder Equity 10.86b)
RoCE = 12.08% (EBIT 1.83b / Capital Employed (Equity 10.86b + L.T.Debt 4.29b))
RoIC = 8.15% (NOPAT 1.28b / Invested Capital 15.74b)
WACC = 9.03% (E(44.77b)/V(51.02b) * Re(10.18%) + D(6.25b)/V(51.02b) * Rd(1.09%) * (1-Tc(0.30)))
Discount Rate = 10.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.21%
[DCF] Terminal Value 75.00% ; FCFF base≈1.63b ; Y1≈1.69b ; Y5≈1.93b
[DCF] Fair Price = 132.1 (EV 27.99b - Net Debt 5.46b = Equity 22.53b / Shares 170.5m; r=9.03% [WACC]; 5y FCF grow 3.80% → 2.90% )
EPS Correlation: 93.11 | EPS CAGR: 17.97% | SUE: 0.13 | # QB: 0
Revenue Correlation: 94.56 | Revenue CAGR: 12.18% | SUE: 1.78 | # QB: 1
EPS next Quarter (2026-03-31): EPS=2.51 | Chg7d=+0.024 | Chg30d=-0.005 | Revisions Net=+2 | Analysts=10
EPS current Year (2026-12-31): EPS=10.38 | Chg7d=+0.163 | Chg30d=+0.171 | Revisions Net=+4 | Growth EPS=+15.7% | Growth Revenue=+10.1%
EPS next Year (2027-12-31): EPS=11.79 | Chg7d=+0.247 | Chg30d=+0.309 | Revisions Net=+3 | Growth EPS=+13.5% | Growth Revenue=+6.0%
[Analyst] Revisions Ratio: +0.33 (4 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.6% (Discount Rate 10.2% - Earnings Yield 2.6%)
[Growth] Growth Spread = +5.9% (Analyst 13.5% - Implied 7.6%)

Additional Sources for WAB Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle