(WAB) Westinghouse Air Brake - Ratings and Ratios
Locomotives, Braking Systems, Rail Electronics, HVAC, Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.51% |
| Yield on Cost 5y | 1.30% |
| Yield CAGR 5y | 20.14% |
| Payout Consistency | 97.3% |
| Payout Ratio | 11.7% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 21.2% |
| Value at Risk 5%th | 32.3% |
| Relative Tail Risk | -7.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.36 |
| Alpha | -4.20 |
| CAGR/Max DD | 1.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.551 |
| Beta | 1.087 |
| Beta Downside | 1.022 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.55% |
| Mean DD | 4.96% |
| Median DD | 3.48% |
Description: WAB Westinghouse Air Brake December 11, 2025
Westinghouse Air Brake Technologies (WAB) designs, manufactures, and services a broad portfolio of rail-focused products-including diesel-electric and LNG locomotives, propulsion systems, positive-train-control (PTC) equipment, electronically-controlled pneumatic brakes, and a suite of IoT-enabled analytics for asset performance. The company also supplies marine and mining power solutions, freight-car trucks, HVAC systems, and a range of passenger-transit components such as pantographs, doors, and charging infrastructure, complemented by overhaul, refurbishment, and long-term parts services.
Key data points that shape WAB’s outlook: FY 2023 revenue was roughly **$6.5 billion** with an adjusted EBITDA margin near **10%**, reflecting stable demand from North-American freight railroads. The firm’s **order backlog sits above $2 billion**, driven by a resurgence in freight-car upgrades and the U.S. government’s $70 billion rail-infrastructure plan, which accelerates spending on PTC and braking upgrades. A sector trend worth noting is the **shift toward lower-emission power**, as rail operators increasingly evaluate LNG-powered locomotives and hybrid-electric solutions-areas where WAB holds several patents and has seen a **15% YoY increase in related contract wins**.
For a deeper quantitative view, you may find ValueRay’s data platform useful.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 1.18b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -2.03 > 1.0 |
| NWC/Revenue: 15.99% < 20% (prev 10.58%; Δ 5.40% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.49b > Net Income 1.18b |
| Net Debt (4.76b) to EBITDA (2.28b): 2.09 < 3 |
| Current Ratio: 1.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.2m) vs 12m ago -1.67% < -2% |
| Gross Margin: 33.72% > 18% (prev 0.32%; Δ 3340 % > 0.5%) |
| Asset Turnover: 53.70% > 50% (prev 55.41%; Δ -1.71% > 0%) |
| Interest Coverage Ratio: 8.55 > 6 (EBITDA TTM 2.28b / Interest Expense TTM 210.0m) |
Altman Z'' 2.00
| A: 0.08 (Total Current Assets 5.79b - Total Current Liabilities 4.06b) / Total Assets 21.53b |
| B: 0.17 (Retained Earnings 3.72b / Total Assets 21.53b) |
| C: 0.09 (EBIT TTM 1.79b / Avg Total Assets 20.09b) |
| D: 0.30 (Book Value of Equity 3.12b / Total Liabilities 10.43b) |
| Altman-Z'' Score: 2.00 = BBB |
Beneish M -2.91
| DSRI: 1.18 (Receivables 2.20b/1.78b, Revenue 10.79b/10.33b) |
| GMI: 0.96 (GM 33.72% / 32.27%) |
| AQI: 0.99 (AQ_t 0.66 / AQ_t-1 0.67) |
| SGI: 1.04 (Revenue 10.79b / 10.33b) |
| TATA: -0.01 (NI 1.18b - CFO 1.49b) / TA 21.53b) |
| Beneish M-Score: -2.91 (Cap -4..+1) = A |
ValueRay F-Score (Strict, 0-100) 66.47
| 1. Piotroski: 6.0pt |
| 2. FCF Yield: 3.14% |
| 3. FCF Margin: 13.04% |
| 4. Debt/Equity: 0.48 |
| 5. Debt/Ebitda: 2.09 |
| 6. ROIC - WACC: -0.11% |
| 7. RoE: 11.14% |
| 8. Revenue Trend: 93.94% |
| 9. EPS Trend: 11.65% |
What is the price of WAB shares?
Over the past week, the price has changed by +1.12%, over one month by +4.92%, over three months by +15.00% and over the past year by +13.18%.
Is WAB a buy, sell or hold?
- Strong Buy: 6
- Buy: 1
- Hold: 5
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the WAB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 244.4 | 6.2% |
| Analysts Target Price | 244.4 | 6.2% |
| ValueRay Target Price | 290.3 | 26.1% |
WAB Fundamental Data Overview January 24, 2026
P/E Forward = 23.753
P/S = 3.7045
P/B = 3.6055
P/EG = 3.92
Revenue TTM = 10.79b USD
EBIT TTM = 1.79b USD
EBITDA TTM = 2.28b USD
Long Term Debt = 5.29b USD (from longTermDebt, last quarter)
Short Term Debt = 251.0m USD (from shortTermDebt, last quarter)
Debt = 5.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.76b USD (from netDebt column, last quarter)
Enterprise Value = 44.71b USD (39.95b + Debt 5.29b - CCE 528.0m)
Interest Coverage Ratio = 8.55 (Ebit TTM 1.79b / Interest Expense TTM 210.0m)
EV/FCF = 31.80x (Enterprise Value 44.71b / FCF TTM 1.41b)
FCF Yield = 3.14% (FCF TTM 1.41b / Enterprise Value 44.71b)
FCF Margin = 13.04% (FCF TTM 1.41b / Revenue TTM 10.79b)
Net Margin = 10.94% (Net Income TTM 1.18b / Revenue TTM 10.79b)
Gross Margin = 33.72% ((Revenue TTM 10.79b - Cost of Revenue TTM 7.15b) / Revenue TTM)
Gross Margin QoQ = 34.72% (prev 34.66%)
Tobins Q-Ratio = 2.08 (Enterprise Value 44.71b / Total Assets 21.53b)
Interest Expense / Debt = 1.23% (Interest Expense 65.0m / Debt 5.29b)
Taxrate = 26.35% (112.0m / 425.0m)
NOPAT = 1.32b (EBIT 1.79b * (1 - 26.35%))
Current Ratio = 1.42 (Total Current Assets 5.79b / Total Current Liabilities 4.06b)
Debt / Equity = 0.48 (Debt 5.29b / totalStockholderEquity, last quarter 11.10b)
Debt / EBITDA = 2.09 (Net Debt 4.76b / EBITDA 2.28b)
Debt / FCF = 3.38 (Net Debt 4.76b / FCF TTM 1.41b)
Total Stockholder Equity = 10.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.87% (Net Income 1.18b / Total Assets 21.53b)
RoE = 11.14% (Net Income TTM 1.18b / Total Stockholder Equity 10.59b)
RoCE = 11.31% (EBIT 1.79b / Capital Employed (Equity 10.59b + L.T.Debt 5.29b))
RoIC = 8.76% (NOPAT 1.32b / Invested Capital 15.09b)
WACC = 8.87% (E(39.95b)/V(45.24b) * Re(9.92%) + D(5.29b)/V(45.24b) * Rd(1.23%) * (1-Tc(0.26)))
Discount Rate = 9.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.15%
[DCF Debug] Terminal Value 75.36% ; FCFF base≈1.48b ; Y1≈1.52b ; Y5≈1.69b
Fair Price DCF = 119.7 (EV 25.23b - Net Debt 4.76b = Equity 20.47b / Shares 171.0m; r=8.87% [WACC]; 5y FCF grow 2.31% → 2.90% )
EPS Correlation: 11.65 | EPS CAGR: -42.60% | SUE: -4.0 | # QB: 0
Revenue Correlation: 93.94 | Revenue CAGR: 9.23% | SUE: 0.05 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.52 | Chg30d=+0.029 | Revisions Net=+2 | Analysts=7
EPS next Year (2026-12-31): EPS=10.21 | Chg30d=+0.039 | Revisions Net=+5 | Growth EPS=+13.9% | Growth Revenue=+8.3%
Additional Sources for WAB Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle