# Westinghouse Air Brake Technologies Corporation (WAB) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Road & Rail. Price $282.86, market value $47.8 billion.

## Valuation
- **P/E (trailing): 38.0×** (5-yr avg 29.7×, 3-yr avg 30.0×). Westinghouse Air Brake Technologies Corporation trades at 38.0× trailing earnings, well above its own five-year average of 29.7×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 22.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.74**. A PEG of 1.74 is in the range usually read as fairly priced for its growth.
- **Price / sales: 4.0×**. Each dollar of revenue is priced at 4.0×.
- **Price / book: 4.3×**. The shares trade at 4.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 21.2×**. Enterprise value is 21.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 3.6%** (5-yr avg 4.8%). Free cash flow equals 3.6% of the market value, below its five-year average of 4.8%, so the shares are pricier on cash than usual.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 35.0%**. Westinghouse Air Brake Technologies Corporation keeps 35.0% of revenue after the direct cost of what it sells.
- **Operating margin: 16.4%**. 16.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.5%**. 10.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.5%**. 10.5% on shareholders' equity is solid.
- **Return on invested capital: 9.3%**. Return on all capital, debt included, is 9.3%.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit.

## Growth
- **Revenue growth (1 yr): 7.5%** (3-yr 10.1%/yr, 5-yr 8.1%/yr). Revenue grew 7.5% over the last year, against 8.1% a year compounded over five years.
- **EPS growth (1 yr): 13.1%** (3-yr 25.4%/yr, 5-yr 25.8%/yr). Earnings per share rose 13.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 19.0%/yr**. Free cash flow has compounded at 19.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.50**. Debt is 0.50 times equity: a conservative balance sheet.
- **Current ratio: 1.11** (quick 1.11). Current assets cover the next year's liabilities 1.11 times.
- **Altman Z-score: 4.15**. A Z-score of 4.15 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.44%** ($1.12 per share, trailing). Westinghouse Air Brake Technologies Corporation yields 0.44%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 15%** (11% of free cash flow). 15% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 15.8%/yr** (1-yr 25.0%). The dividend has compounded at 15.8% a year over five years, doubling roughly every 5 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (12 analysts). 12 analysts cover Westinghouse Air Brake Technologies Corporation; the consensus is strong_buy, with an average price target of $329.17 (+16% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 46.5%** (YTD 32.8%, 3-mo 8.6%). The shares are up 46.5% over twelve months including dividends.
- **From 52-week high: -7.8%** (53.5% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.99** (volatility 27%). Beta of 0.99 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WAB · Page: https://foliofundamentals.com/stocks/wab

Not investment advice.