Obermatt

Westinghouse Air Brake

NYQ:WAB · US9297401088
MachineryX-Large

360

25
EV / EBIT15
Price / Owner Earnings29
Owner Earnings Yield36
Dividend Yield51
Price/Sales25
EV / Gross Profit24
Price/Book34
Return on Capital55
Cash Return on Capital47
Return on Equity35
EBIT Margin89
Gross Profitability56
Cash Conversion40
Accruals12
Owner Earnings Margin83
Sales growth65
Profit Growth91
Long-Term EPS Growth44
Owner Earnings Growth44
Reinvestment84
Price momentum57
Debt load49
Refinancing17
Debt Payback33
Liquidity58
Analyst ratings78
Opinion Changes50
Price Target Upside30
Market mood79
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Westinghouse Air Brake generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryMachinery
SizeX-Large
TypePublic Company
ExchangeNYSE
Founded1989
Employees8,557
ISINUS9297401088
Last UpdateApr 2, 2026
Themes
Industrial AutomationHVAC ServicesEnergy ManagementMarine TransportationProcess AutomationFleet ManagementPollution Control

Description

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a global provider of value-added, technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries, as well…

Analysis

Hope premium

Westinghouse Air Brake Technologies Corporation is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 31.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 13%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
60
2023202420252026

All-time high

71

Jan 2025

All-time low

35

Jan 2023

Average rank

57

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
25
31
30
44
Price/Earnings
27
37
48
54
Price/Book
34
53
68
75
Dividend Yield
51
44
43
41
Value (overall)
18
31
43
53

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →