Westinghouse Air Brake Technologies Corp (WAB)
UndervaluedFundamental
69
Price
$272.35
Market Cap
$48.81B
Part 1 · What the company is worth
Overview
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.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$12.21B
Trailing 12 months (through 9/30/2026)
Net Income
$1.37B
Trailing 12 months (through 9/30/2026)
Free Cash Flow
$1.50B
Total Equity
$11.14B
Total Liabilities
$10.88B
Current Ratio
1.10
Interest Coverage
7.02
Debt/EBITDA
2.95
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$367.32
Current Price
$272.35
Margin of Safety
+25.9%
Fair Value Range
$264.52 - $470.12
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
33.83
ROE
10.5%
P/B Ratio
4.03
P/FCF
25.63
Gross Margin
35.6%
ROIC
9.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
9.4%
WACC
8.8%
ROIC − WACC
+0.6 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (22)
- EPS shows upward trend
- EPS CAGR 5.70%
- Price CAGR 13.19%
- ROIC 9.4%
- Gross margin 35.6%
- P/FCF 25.63
- Debt/equity ratio
- Operating margin 17.2%
- Positive free cash flow
- CapEx intensity
- Current ratio
- Interest coverage
- Debt/EBITDA
- Return on tangible assets
- ROE 11.4%
- Revenue growth 5Y 8.1%
- Earnings surprise, average 3.5%
- PEG ratio 1.46
- Earnings quality (operating cash flow / net income) 1.53
- Share dilution -2.0%
- Net margin trend 11.2% vs 10.9%
- Piotroski F-Score 5/9
Failed (4)
- P/B ratio 4.03
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (1)
- Dividend payout –
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Rafael Ottoni Santana | Chairman & CEO | 53 |
| Mr. Eric Gebhardt | Executive VP & Chief Technology Officer | 57 |
| Mr. David L. DeNinno | Executive VP, General Counsel & Secretary | 69 |
| Mr. John A. Mastalerz Jr. | Senior VP of Finance & Chief Accounting Officer | 58 |
| Rick Smith | Chief Information Officer | - |
| Ms. Nicole B. Theophilus | Executive VP & Chief Administrative Officer | 55 |
| Ms. Kyra Yates | Vice President of Investor Relations | 46 |
| Mr. Michael E. Fetsko III | President of Freight & Industrial Components | 59 |
| Mr. Nalin Jain | President of Digital Intelligence | 55 |
| Mr. Sameer Gaur | President of Freight Services | 53 |
Audit Risk
3
Board Risk
7
Compensation Risk
7
Shareholder Rights Risk
5
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-13
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-10-21
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-21
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much WAB moves, measured on its daily prices.
More volatile than 29% of the tracked stocks (90-day volatility).
- Volatility 30d
- 22.5%
- Volatility 90d
- 28.3%
- Beta vs S&P 500 (1y)
- 0.99Correlation 0.48
- Max drawdown (12m)
- -10.9%
- ATR (14d, % of price)
- 2.77%
Earnings reactions
How WAB moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 4.6% the next day, up or down.
- Next-day moves: up 6, down 6 (out of 12).
- Of the 4 releases that beat estimates, the stock fell the next day after 1.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 21, 2026 | Before the open | 2.73 | 2.83 | +3.5% | -1.3% | +2.0% | n/a |
| Jul 22, 2026 | During the session | 2.63 | 2.76 | +4.9% | +4.8% | +10.0% | +16.0% |
| Apr 22, 2026 | During the session | 2.53 | 2.71 | +7.0% | -1.6% | +1.5% | +2.2% |
| Feb 11, 2026 | During the session | 2.10 | 2.10 | -0.2% | +3.3% | +3.2% | +5.2% |
| Oct 22, 2025 | During the session | 2.29 | 2.32 | +1.3% | -2.1% | -2.3% | 0.0% |
| Jul 24, 2025 | During the session | n/a | n/a | n/a | -3.1% | -6.4% | -11.1% |
| Apr 23, 2025 | During the session | n/a | n/a | n/a | +6.9% | +5.9% | +7.3% |
| Feb 12, 2025 | During the session | n/a | n/a | n/a | -7.7% | -9.1% | -7.1% |
| Oct 23, 2024 | During the session | n/a | n/a | n/a | -1.3% | -1.2% | +0.2% |
| Jul 24, 2024 | During the session | n/a | n/a | n/a | -0.9% | -6.4% | -5.2% |
| Apr 24, 2024 | During the session | n/a | n/a | n/a | +9.3% | +10.0% | +8.5% |
| Feb 14, 2024 | During the session | n/a | n/a | n/a | -1.8% | -1.0% | -0.2% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on WAB and what the price did next.
- 3/17/2026PositiveHere's How Much You Would Have Made Owning Westinghouse Air Brake Stock In The Last 5 Years
- +1 day
- +1.3%
- +3 days
- +2.5%
- 2/26/2026PositiveIf You Invested $1000 In Westinghouse Air Brake Stock 20 Years Ago, You Would Have This Much Today
- +1 day
- +0.7%
- +3 days
- +0.3%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for WAB.
- 3/17/2026POSITIVEHere's How Much You Would Have Made Owning Westinghouse Air Brake Stock In The Last 5 Years
Westinghouse Air Brake Technologies Corporation (WAB) stock has delivered a significant return to investors over the past five years. While specific figures are not detailed in the provided snippet, the title implies a strong positive performance, suggesting substantial capital appreciation for shareholders. This historical performance indicates robust business operations and effective management, potentially driven by factors such as increased demand for rail infrastructure, successful acquisitions, or technological advancements in braking systems. Investors considering WAB should note this long-term upward trend as a key indicator of its market resilience and growth potential.
- 2/26/2026POSITIVEIf You Invested $1000 In Westinghouse Air Brake Stock 20 Years Ago, You Would Have This Much Today
A retrospective analysis highlights the remarkable performance of Westinghouse Air Brake, now Wabtec Corporation, over the past two decades. A $1000 investment made 20 years ago in the stock would have generated a significant return, demonstrating the company's long-term growth potential in the rail transport sector. This historical data underscores the resilience and value-creation capability for shareholders, providing a concrete example of how patience and selecting robust companies can pay off handsomely. For current investors, Wabtec's history can serve as a reminder of the importance of evaluating a company's track record.