Westinghouse Air Brake Technologies Corporation (WAB) Fair Value & Analysis
Industrials · US · Market cap $44.5B
Westinghouse Air Brake Technologies Corporation
WAB · US
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 22 days ago
Share price +13.9% over the past month.
A solid business, but screening 51% overvalued on our models.
What matters now
- A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($181.01). The favourable scenario is already priced in.
- A fairly wide model range ($87.86 to $181.01) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range $75.49 – $305.79 · fair‑value band $87.86 – $181.01 · the $295.23 price screens above the $144.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Westinghouse Air Brake Technologies Corporation (WAB) currently trades at $295.23, while our model-based Fair Value estimate is $144.80, implying the stock looks roughly 51.0% overvalued today. We read business quality at 72/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Westinghouse Air Brake Technologies Corporation generated revenue of $11.5B at a net margin of 10.5%. Revenue grew 13.0% year over year. It earns a return on equity of 11.3%. Net debt stands at $4.8B. Fundamentals as of Jul 16, 2026
Our scenario range runs from $87.86 (bear case) to $181.01 (bull case); at $295.23, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -51%, WAB screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models ($157.04) versus Asset-Based ($44.00). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 79
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Westinghouse Air Brake Technologies Corporation 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.
WAB screens 51% overvalued. Compare with Union Pacific Corporation →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- AER or WAB: Which Is the Better Value Stock Right Now?
- If You Invested $1000 in Westinghouse Air Brake Technologies a Decade Ago, This is How Much It'd Be Worth Now
Peer Group
Railroads · 109 stocks
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.
Valuation Multiples vs Railroads median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Union Pacific Corporation UNP | $301.75 | $144.60 | -52% |
| CSX Corporation CSX | $49.41 | $12.85 | -74% |
| Canadian Pacific Kansas City Limited CP | $92.91 | $35.00 | -62% |
| Canadian National Railway Company CNI | $128.22 | $92.63 | -28% |
| Norfolk Southern Corporation NSC | $327.47 | $117.90 | -64% |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥4.82 | ¥5.65 | +17% |
| CRRC Corporation 601766 | ¥5.65 | ¥9.53 | +69% |
| Daqin Railway Co 601006 | ¥4.85 | ¥6.24 | +29% |
| Hyundai Rotem Company 064350 | 167,700 KRW | 125,182 KRW | -25% |
| Getlink SE GET | €18.51 | €10.42 | -44% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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