Stock Analysis
Wabtec Inc.WAB
P/E 38.18×· 5Y range 22.39–41.10×· top 8% of history
Sector: Industrials · Industry: Railroad Equipment
AnalystsStrong Buy18 analystsP/E 38.2× sits at the 92nd percentile of its 5.086926762491444-year history.
Cash covers 10% of debt · Q2 2026.
PMP Verdict
High quality, but expensive
Strengths
- Quality90
- Growth87
Risks
- Valuation37
Excellent business. Weak entry price.
Bull Case
- ✓Altman Z 3.2 — safe-zone balance sheet
- ✓Interest coverage 8.6× — debt well covered
What's happening with WAB
Profile
Strong earnings quality and growth; valuation lags behind.
How is each axis scored?
- Valuation37/100 · Weak
- P/E vs own history (92th pct)0/25
- FCF yield (3.5%)12/25
- P/S (4.0x)20/25
- EV/EBIT (27.9x)5/25
- Growth87/100 · Strong
- Revenue CAGR (9.3%)12/25
- Net income CAGR (20.3%)25/25
- EPS CAGR 5Y (23.2%)25/25
- Fwd implied growth (58.4%)25/25
- Profitability64/100 · Moderate
- ROIC (8.9%)12/25
- ROE (11.3%)12/25
- Net margin (10.6%)20/25
- Operating margin (16.4%)20/25
- Financial Health67/100 · Moderate
- Altman Z (3.20)25/25
- Current ratio (1.12)12/25
- Interest coverage (8.6x)18/25
- Net cash / debt (D/A 27%)12/25
- Quality90/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.52)25/25
- FCF conversion (135%)25/25
- Margin stability (σ 3.7%)25/25
- Moat50/100 · Moderate
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (30.3%)13/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 4.0%)12/25
Risk Flags
- ⚠P/E 38.2× at top 8% of 5-year history
About Wabtec Inc.
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. Show more
It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.
Headquarters: PITTSBURGH, PA · Employees: 31,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
37DP/E (TTM)38.2xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 22.4x–41.1x · 92nd pct
P/FCF28.1xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.5%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.5%–6.0% · 26th pct
P/S (TTM)4.04xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.8x–4.3x · 96th pct
EV/EBIT27.9xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 17.1x–28.9x · 96th pct
EV/Sales4.5xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E24.1xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.31xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.86C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.40%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio15.1%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
64BROIC8.9%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE11.3%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA5.7%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin10.6%A
Grade A: HighNet Income / Revenue
Operating Margin16.4%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin35.0%C
Grade C: AverageGross Profit / Revenue
FCF Margin14.3%C
Grade C: AverageFCF / Revenue
True FCF Margin13.5%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
87ARevenue CAGR9.3%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR20.3%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)23.2%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth58.4%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-10.6%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income7.4%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.8%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
67BAltman Z-Score3.20A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.12xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.59xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage8.6xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.7yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT3.2xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.62xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.10xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
90A+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.52A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion135.1%A
Grade A: StrongFCF / Net Income
Margin Stability3.7%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.53xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -222 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -261 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -345 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -259 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -84 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -614 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -278 | |
Santana Rafael Filed | Santana Rafael | SellOpen market sale | -33 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
50CROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)30.3%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor4.0%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$7.51
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$3.96
Cash & short-term investments per share (Finnhub)
Book Value / Share$66.32
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$6.94B
Total debt obligations (short + long term)
Cash & Equiv.$660.00M
Cash and short-term investments
Net Debt$6.28B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$11.24B
Shareholders' equity (book value)
Asset / Liability1.95xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$48.45B
Current Market Capitalization
Beta0.93B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Wabtec Inc. (WAB)
Piotroski F-Score of 6/9 indicates mixed fundamentals for Wabtec Inc.. Altman Z-Score of 3.20 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk.
- Beneish M-Score of -2.52 suggests a low likelihood of earnings manipulation.
- Takes ~3.7 years to repay net debt from free cash flow.
See how WAB ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all WAB moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 7 | Regular | 283.50 | -2.63% | -2.83 |
| Oct 7 | After-hours | 282.44 | -2.99% | -3.20 |
| Sep 22 | After-hours | 289.71 | +2.23% | 2.22 |
Frequently Asked Questions about WAB
What is the current Wabtec Inc. (WAB) stock price?
WAB is trading at $286.82 at the last market close, down 0.33% on the session. PreMarketPrice tracks WAB pre-market, intraday and after-hours prices.
Is WAB stock a buy right now?
PreMarketPrice's quantitative model rates Wabtec Inc.'s financial health at 67/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is WAB stock overvalued?
Wabtec Inc. trades at a trailing P/E of 38.2 and our valuation score rates it 37/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Wabtec Inc. report earnings?
No confirmed earnings date is currently scheduled for WAB. The Earnings section lists recent reports and updates as dates are announced.
What sector does Wabtec Inc. operate in?
Wabtec Inc. operates in the Industrials sector, within the Railroad Equipment industry. The Related Stocks section lists sector peers for comparison.
What does Wabtec Inc. do?
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets.
About Wabtec Inc. (WAB) Stock
Wabtec Inc. (WAB) is a US-listed stock operating in the Industrials sector, specifically the Railroad Equipment industry. As of the latest update, Wabtec Inc. is trading at $286.82, down 0.33% on the day with a market capitalization of $48.5 billion. The financial health score for WAB is 67/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for WAB stock.
WAB Stock Analysis & Key Metrics
On PreMarketPrice, you can track Wabtec Inc. (WAB) across multiple dimensions:
- Pre-market price & movement: Real-time WAB stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for WAB with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Wabtec Inc. across multiple reporting periods.
- Financial health score: A composite score of 67/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for WAB.
- Sector peers: Compare WAB against 4 other industrials stocks on key financial metrics.
Is WAB a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Wabtec Inc. (WAB) as an investment. The financial health score of 67/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Wabtec Inc. (WAB) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.