Westinghouse Air Brake Technologies Corporation

NYSE:WAB Stock Report

Market Cap: US$40.0b

Westinghouse Air Brake Technologies Valuation

Is WAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of WAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: WAB ($230.11) is trading above our estimate of future cash flow value ($178.89)

Significantly Below Future Cash Flow Value: WAB is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WAB?

Key metric: As WAB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WAB. This is calculated by dividing WAB's market cap by their current earnings.
What is WAB's PE Ratio?
PE Ratio33.5x
EarningsUS$1.18b
Market CapUS$39.95b

Price to Earnings Ratio vs Peers

How does WAB's PE Ratio compare to its peers?

The above table shows the PE ratio for WAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.3x
PCAR PACCAR
23.8x15.47%US$64.9b
CMI Cummins
29.6x16.57%US$80.5b
OSK Oshkosh
14.6x11.45%US$9.9b
ALSN Allison Transmission Holdings
13x11.66%US$9.2b
WAB Westinghouse Air Brake Technologies
33.5x13.92%US$40.0b

Price-To-Earnings vs Peers: WAB is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the peer average (20.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does WAB's PE Ratio compare vs other companies in the US Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WNC Wabash National
1.6x-118.35%US$419.35m
RAIL FreightCar America
2.6x-12.49%US$215.40m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
GTEC Greenland Technologies Holding
1.5x-16.11%US$18.09m
No more companies available in this PE range
WAB 33.5xIndustry Avg. 27.1xNo. of Companies17PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WAB is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the US Machinery industry average (27.4x).

Price to Earnings Ratio vs Fair Ratio

What is WAB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.5x
Fair PE Ratio29.8x

Price-To-Earnings vs Fair Ratio: WAB is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$230.11
US$245.25
+6.58%
7.54%US$270.00US$204.00n/a12
Jan ’27US$213.45
US$234.09
+9.67%
6.26%US$257.00US$204.00n/a11
Dec ’26US$208.65
US$233.82
+12.06%
6.36%US$257.00US$204.00n/a11
Nov ’26US$204.44
US$231.50
+13.24%
6.48%US$257.00US$204.00n/a10
Oct ’26US$198.56
US$226.33
+13.99%
6.65%US$250.00US$200.00n/a9
Sep ’26US$193.50
US$226.50
+17.05%
7.04%US$250.00US$200.00n/a8
Aug ’26US$186.89
US$227.78
+21.88%
5.56%US$250.00US$204.00n/a9
Jul ’26US$209.34
US$218.47
+4.36%
7.96%US$243.00US$186.17n/a11
Jun ’26US$202.32
US$213.09
+5.32%
9.65%US$243.00US$160.97n/a11
May ’26US$186.92
US$210.18
+12.44%
10.21%US$243.00US$160.97n/a11
Apr ’26US$183.66
US$215.12
+17.13%
7.63%US$240.00US$186.24n/a10
Mar ’26US$185.36
US$215.12
+16.06%
7.63%US$240.00US$186.24n/a10
Feb ’26US$207.92
US$215.51
+3.65%
8.75%US$240.00US$182.12n/a10
Jan ’26US$189.59
US$216.01
+13.94%
9.06%US$243.00US$182.12US$213.4510
Dec ’25US$200.62
US$213.91
+6.62%
8.49%US$243.00US$181.05US$208.6510
Nov ’25US$186.84
US$205.61
+10.04%
9.83%US$231.00US$160.00US$204.4410
Oct ’25US$181.45
US$181.64
+0.11%
12.07%US$231.00US$136.00US$198.5611
Sep ’25US$169.57
US$181.64
+7.12%
12.07%US$231.00US$136.00US$193.5011
Aug ’25US$156.71
US$181.55
+15.85%
11.97%US$230.00US$136.00US$186.8911
Jul ’25US$155.55
US$177.00
+13.79%
12.11%US$218.00US$136.00US$209.3411
Jun ’25US$169.23
US$175.50
+3.71%
11.99%US$218.00US$136.00US$202.3212
May ’25US$160.54
US$169.53
+5.60%
15.23%US$218.00US$133.38US$186.9212
Apr ’25US$144.86
US$150.37
+3.80%
13.81%US$209.00US$130.00US$183.6612
Mar ’25US$142.08
US$150.34
+5.81%
13.27%US$209.00US$130.00US$185.3613
Feb ’25US$133.40
US$142.18
+6.58%
15.28%US$208.00US$121.00US$207.9213
Jan ’25US$126.90
US$131.09
+3.30%
7.51%US$150.00US$115.00US$189.5911
US$245.25
Fair Value
6.2% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/23 07:13
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Westinghouse Air Brake Technologies Corporation is covered by 28 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gunnar CohrsBerenberg
Kenneth HoexterBofA Global Research
Liam BurkeB. Riley Securities, Inc.