Westinghouse Air Brake Technologies Corporation

NYSE:WAB Stock Report

Market Cap: US$33.8b

Westinghouse Air Brake Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: WAB ($193.03) is trading below our estimate of fair value ($196.88)

Significantly Below Fair Value: WAB is trading below fair value, but not by a significant amount.

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 Ratio31.9x
EarningsUS$1.06b
Market CapUS$33.82b

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 Average16.1x
CMI Cummins
23x7.4%US$48.2b
PCAR PACCAR
11.7x-0.1%US$56.4b
ALSN Allison Transmission Holdings
13x4.7%US$9.3b
CAT Caterpillar
16.6x4.6%US$174.0b
WAB Westinghouse Air Brake Technologies
31.9x15.9%US$33.8b

Price-To-Earnings vs Peers: WAB is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the peer average (16.1x).

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
AIRJ AirJoule Technologies
2.3xn/aUS$526.60m
CVGI Commercial Vehicle Group
2.5x-46.6%US$69.55m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
ZEVY Lightning eMotors
n/an/aUS$6.00
No more companies available in this PE range
WAB 31.9xIndustry Avg. 22.6xNo. of Companies9PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WAB is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the US Machinery industry average (22.6x).

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 Ratio31.9x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: WAB is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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$193.03
US$219.78
+13.9%
7.7%US$243.00US$183.00n/a9
Dec ’25US$200.62
US$213.91
+6.6%
8.5%US$243.00US$181.05n/a10
Nov ’25US$186.84
US$205.61
+10.0%
9.8%US$231.00US$160.00n/a10
Oct ’25US$181.45
US$181.64
+0.1%
12.1%US$231.00US$136.00n/a11
Sep ’25US$169.57
US$181.64
+7.1%
12.1%US$231.00US$136.00n/a11
Aug ’25US$156.71
US$181.55
+15.9%
12.0%US$230.00US$136.00n/a11
Jul ’25US$155.55
US$177.00
+13.8%
12.1%US$218.00US$136.00n/a11
Jun ’25US$169.23
US$175.50
+3.7%
12.0%US$218.00US$136.00n/a12
May ’25US$160.54
US$169.53
+5.6%
15.2%US$218.00US$133.38n/a12
Apr ’25US$144.86
US$150.37
+3.8%
13.8%US$209.00US$130.00n/a12
Mar ’25US$142.08
US$150.34
+5.8%
13.3%US$209.00US$130.00n/a13
Feb ’25US$133.40
US$142.18
+6.6%
15.3%US$208.00US$121.00n/a13
Jan ’25US$126.90
US$131.09
+3.3%
7.5%US$150.00US$115.00n/a11
Dec ’24US$120.12
US$130.00
+8.2%
8.3%US$150.00US$115.00US$200.6211
Nov ’24US$105.80
US$127.30
+20.3%
7.6%US$144.00US$115.00US$186.8410
Oct ’24US$106.27
US$127.80
+20.3%
5.1%US$137.00US$116.00US$181.4510
Sep ’24US$113.49
US$128.00
+12.8%
4.9%US$137.00US$116.00US$169.5711
Aug ’24US$119.19
US$128.00
+7.4%
3.6%US$135.00US$121.00US$156.7111
Jul ’24US$109.67
US$115.91
+5.7%
6.1%US$130.00US$105.00US$155.5511
Jun ’24US$93.05
US$115.00
+23.6%
6.1%US$130.00US$105.00US$169.2312
May ’24US$98.19
US$115.00
+17.1%
6.1%US$130.00US$105.00US$160.5412
Apr ’24US$101.06
US$116.33
+15.1%
6.0%US$134.00US$107.00US$144.8612
Mar ’24US$104.89
US$116.33
+10.9%
6.0%US$134.00US$107.00US$142.0812
Feb ’24US$104.48
US$110.25
+5.5%
7.9%US$134.00US$95.00US$133.4012
Jan ’24US$99.81
US$106.25
+6.5%
7.9%US$121.00US$95.00US$126.9012
Dec ’23US$103.04
US$103.00
-0.04%
8.6%US$121.00US$87.00US$120.1212

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 Analysis2024/12/22 01:44
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Westinghouse Air Brake Technologies Corporation is covered by 36 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristine KubackiAvondale Partners
Gunnar CohrsBerenberg
Kenneth HoexterBofA Global Research