Valuation dashboard for Westinghouse Air Brake Technologies Corporation (WAB) with P/E 36.64, P/B 4.37, EV/EBITDA 22.3 and dividend yield 0.40%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.
Westinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight railway and urban mass transit sectors. Its operations are bifurcated into two principal divisions: Freight and Transit. The Freight segment develops, produces, and maintains critical components for both newly manufactured and operational freight carriages and locomotives.
Where would it trade at its usual multiples?
Versus its usual multiples: fairly priced · Current P/E 36.6× · Multiples range: $208.09 · $260.86.
At the decade median (32.4×) $261 (-12%); at its sector median (25.9×) $208 (-29%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Westinghouse Air Brake Technologies Corporation reported revenue of $11.17B in the most recent fiscal year, growing at a 5-year CAGR of 8.1%. Net income reached $1.17B, with a 23.1% 5-year CAGR.
Trailing-twelve-month margins: gross margin 35.0%, operating margin 17.3%, net margin 11.2%.
At $294.97 (closing price, November 4, 2026), WAB trades at a P/E of 36.64 and an ROE of 12.17%. Market capitalisation stands at $49.5B, placing it among large-cap names.
Balance sheet quality for WAB: debt-to-equity ratio of 0.60, current ratio of 1.10 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 36.64 |
| Price / Book | 4.37 |
| EV / EBITDA | 22.3 |
| Dividend Yield | 0.40% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| WAB | Westinghouse Air Brake Technologies Corporation | $49.5B | 36.64 | 4.37 | 12.2% |
| TRN | Trinity Industries, Inc. | $2.5B | 7.88 | 2.25 | 29.9% |
| UNP | Union Pacific Corporation | $183.3B | 24.05 | 8.18 | 37.8% |
| 0R2E.L | Union Pacific Corporation | $174.8B | 22.79 | 7.90 | 37.8% |
| CP.TO | Canadian Pacific Kansas City Ltd. | CAD 114.5B | 29.36 | 2.45 | 8.4% |
| CNR.TO | Canadian National Railway Company | CAD 109.2B | 22.67 | 4.96 | 22.3% |
| CSX | CSX Corporation | $96.4B | 26.97 | 6.52 | 26.0% |
| 0HRJ.L | CSX Corporation | $89.6B | 26.32 | 6.53 | 26.0% |
Price
| Price | $294.97 (closing price, November 4, 2026) |
| Market Cap | $49.5B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 12.17% |
| Return on Invested Capital | 8.17% |
| Return on Assets | 5.91% |
| Gross Margin | 35.00% |
| Operating Margin | 17.32% |
| Net Margin | 11.20% |
Related companies: TRN · UNP · 0R2E.L · CP.TO · CNR.TO · CSX · 0HRJ.L · CP
Explore sector: Industrials · Railroads
More sections of WAB: Overview · Financials · Estimates · Technical · Ownership
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