Westinghouse Air Brake Technologies Corp (WAB) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Westinghouse Air Brake Technologies Corp stock $291, price $278, upside +4.5%, quality 67 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Westinghouse Air Brake Technologies Corp
WAB · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range $78.74 – $305.47 · fair‑value band $183.94 – $363.66 · the $278.48 price screens below the $290.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Company profile
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.
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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.
Stock analysis
Westinghouse Air Brake Technologies Corp (WAB) currently trades at $278.48, while our model-based Fair Value estimate is $290.92, so the stock looks roughly fairly valued today (gap 4.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $164.01 per share, and 0 of the 24 models we run sit above the $278.48 price.
Bear case: the Economic Profit group reads lowest at $65.85, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $183.94 (bear) to $363.66 (bull), the price of $278.48 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Westinghouse Air Brake Technologies Corp reported revenue of $11.2B in FY2025 versus $7.8B in FY2021, a compound +9.3%/yr. Reported net income was $1.2B in FY2025, compounding +20.3%/yr from FY2021.
Key figures
Market cap $47.4B Large · P/E ratio 34.6 · P/S ratio 3.88 · EPS (TTM) $8.05 · Dividend yield 0.4% · Net margin 11.2% · Return on equity 12.2% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at 4%, WAB screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors sold shares worth $9.5M and none bought.
- SaleRafael SantanaPresident and CEO, Director12× since Dec 17, 2025: 89,801 shares, avg. $264.81$23.8MNov 3, 202610b5-1 plan
- SaleRogerio MendoncaPresident, Equipment Group3× since Dec 4, 2025: 8,438 shares, avg. $263.68$2.2MAug 21, 2026
- SaleMichael FetskoPres., Freight Components Grp.2× since Dec 12, 2025: 8,308 shares, avg. $246.04$2.0MAug 20, 2026
- SaleGregory SbroccoEVP Operations2× since Feb 19, 2026: 1,904 shares, avg. $279.22$531,625Aug 17, 202610b5-1 plan
- SaleSameer GaurPres., Global Freight Services3× since Feb 26, 2026: 3,232 shares, avg. $274.68$887,760Jul 24, 2026
- SaleEric GebhardtChief Technology Officer7,100 shares at $299.27$2.1MJul 24, 2026
- SaleDavid L DeNinnoExec VP, General Counsel, Sec.4× since Nov 12, 2025: 15,500 shares, avg. $238.09$3.7MJul 24, 2026
- SaleGina TrombleyEVP Sales & Marketing4,013 shares at $241.87$970,624Mar 12, 2026
- SaleNalin JainPresident, Digital Electronics7,936 shares at $264.09$2.1MFeb 25, 2026
- SaleJohn A OlinExecutive Vice President & CFO11,000 shares at $263.30$2.9MFeb 24, 2026
Plus 2 more entries from the last 12 months.
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
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Compare Westinghouse Air Brake Technologies Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Railroads · 108 stocks
Valuation Multiplesvs Railroads median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
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- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Railroads stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| CRRC Corporation 601766 | ¥6.38 | ¥9.21 | +44% | vs WAB |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥5.27 | ¥5.84 | +11% | vs WAB |
| Daqin Railway Co 601006 | ¥4.84 | ¥4.66 | −4% | vs WAB |
| Canadian National Railway Company CNI | $126.49 | $100.13 | −21% | vs WAB |
| MTR Corporation 0066 | HK$34.10 | HK$25.72 | −25% | vs WAB |
| Union Pacific Corporation UNP | $297.95 | $153.89 | −48% | vs WAB |
| Getlink SE GET | €20.40 | €10.47 | −49% | vs WAB |
| Canadian Pacific Kansas City Limited CP | $93.76 | $38.28 | −59% | vs WAB |
| Norfolk Southern Corporation NSC | $329.25 | $132.55 | −60% | vs WAB |
| CSX Corporation CSX | $50.83 | $12.92 | −75% | vs WAB |
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