US · USD

WAB

Westinghouse Air Brake Technologies Corp

US$288.82+0.57% (US$1.64)
Day's range
US$281.11 – US$288.02
Day's volume
US$245.5m
52-week range
US$190.14 – US$305.47

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WAB in numbers

Market cap
US$48.6bn
P/E
38.44
P/B
4.35
Dividend yield (12m)
0.41%
Net debt/EBITDA
2.62

The 12-month dividend yield of WAB is 0.41%, below its 5-year average of 0.51%.

WAB price history

02/10/202502/10/2026
Compare with

WAB risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+43.92%+174.31%+242.45%
Volatility (annualised)19.48%20.01%23.01%
Largest drawdown-5.32%-12.67%-15.13%
Positive months9/1227/3639/60

How much did investing in WAB return?

US$1,000.00 invested on 01/11/2021 would be worth US$3,340.55 today.

Value today in WAB
US$3,340.55
Return over the period
+234.06%
Return per year
+27.80%
In the S&P 500
US$1,691.64

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WAB fundamentals

Valuation

  • P/E
    38.44
  • P/B
    4.35
  • EV/EBITDA
    21.99
  • EV/EBIT
    28.10
  • EV/Revenue
    4.61
  • P/EBIT
    24.76
  • P/S
    4.06
  • P/OCF
    24.32
  • P/FCF
    28.37
  • Earnings yield
    3.56%
  • PEG ratio
    —
  • Earnings per share
    US$7.51
  • Book value per share
    US$66.39

Debt

  • Net debt
    US$6.6bn
  • Net debt/EBITDA
    2.62
  • Net debt/Equity
    0.59
  • Debt/Equity
    0.59
  • Current ratio
    1.12
  • Quick ratio
    0.59
  • Cash ratio
    —

Efficiency

  • Gross margin
    34.97%
  • EBITDA margin
    20.95%
  • Operating margin
    16.39%
  • Net margin
    10.59%
  • Asset turnover
    0.52

Profitability

  • ROE
    11.32%
  • ROA
    5.49%
  • ROIC
    8.27%
  • Payout
    15.71%

Growth

  • Revenue CAGR (5 years)
    9.16%
  • Earnings CAGR (5 years)
    22.90%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is WAB's fair price?

Two classic value formulas, with today's numbers. The current price is US$288.82.

Graham's fair price
US$105.94
63.32% below the price

√(22.50 × US$7.51 × US$66.39)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$11.87
95.89% below the price

US$0.71 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

WAB indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E31.1130.6727.5628.4430.5933.4045.6123.01
P/B3.273.212.141.781.671.371.502.37
EV/EBITDA18.2817.2214.7714.7715.1114.3417.6117.27
Dividend yield0.47%0.42%0.54%0.60%0.52%0.66%0.62%0.68%
Earnings per shareUS$6.86US$6.18US$4.60US$3.51US$3.01US$2.19US$1.71US$3.05
Book value per shareUS$65.34US$59.06US$59.24US$56.01US$55.05US$53.59US$51.93US$29.66
ROE10.50%10.46%7.77%6.27%5.47%4.09%3.28%10.29%
ROIC7.99%8.65%6.57%5.38%4.87%4.00%3.52%6.12%
Gross margin34.08%32.41%30.42%30.38%30.29%28.28%27.78%28.28%
EBITDA margin20.54%20.33%18.57%17.82%17.48%16.12%12.98%13.35%
Net margin10.48%10.17%8.42%7.57%7.13%5.48%3.99%6.76%
Net debt/EBITDA2.421.882.262.692.622.993.605.62

WAB financial statements

Line202520242023202220212020
Net revenueUS$11.2bnUS$10.4bnUS$9.7bnUS$8.4bnUS$7.8bnUS$7.6bn
Cost of sales-US$7.4bn-US$7bn-US$6.7bn-US$5.8bn-US$5.5bn-US$5.4bn
Gross profitUS$3.8bnUS$3.4bnUS$2.9bnUS$2.5bnUS$2.4bnUS$2.1bn
EBITDAUS$2.3bnUS$2.1bnUS$1.8bnUS$1.5bnUS$1.4bnUS$1.2bn
EBITUS$1.8bnUS$1.6bnUS$1.3bnUS$1bnUS$876mUS$745m
Net finance resultUS$24mUS$2mUS$44mUS$29mUS$38mUS$11m
Profit before taxUS$1.6bnUS$1.4bnUS$1.1bnUS$854mUS$737mUS$557m
Income tax-US$409m-US$343m-US$267m-US$213m-US$172m-US$145m
Net incomeUS$1.2bnUS$1.1bnUS$815mUS$633mUS$558mUS$414m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WAB pay dividends?

Dividend yield per year

  • 0.54%2017
  • 0.68%2018
  • 0.62%2019
  • 0.66%2020
  • 0.52%2021
  • 0.60%2022
  • 0.54%2023
  • 0.42%2024
  • 0.47%2025
  • 0.32%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend17/08/202601/09/2026US$0.31
Dividend21/05/202603/06/2026US$0.31
Dividend16/02/202602/03/2026US$0.31
Dividend11/11/202526/11/2025US$0.25
Dividend13/08/202528/08/2025US$0.25
Dividend26/05/202510/06/2025US$0.25
Dividend20/02/202507/03/2025US$0.25
Dividend12/11/202427/11/2024US$0.20
Dividend13/08/202428/08/2024US$0.20
Dividend23/05/202411/06/2024US$0.20
Dividend21/02/202408/03/2024US$0.20
Dividend13/11/202329/11/2023US$0.17
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend10/08/202328/08/2023US$0.17
Dividend25/05/202309/06/2023US$0.17
Dividend22/02/202310/03/2023US$0.17
Dividend09/11/202228/11/2022US$0.15
Dividend11/08/202229/08/2022US$0.15
Dividend18/05/202227/05/2022US$0.15
Dividend23/02/202228/02/2022US$0.15
Dividend11/11/202129/11/2021US$0.12
Dividend11/08/202127/08/2021US$0.12
Dividend05/05/202121/05/2021US$0.12
Dividend10/02/202126/02/2021US$0.12
Dividend11/11/202027/11/2020US$0.12
Dividend12/08/202028/08/2020US$0.12
Dividend06/05/202022/05/2020US$0.12
Dividend05/02/202021/02/2020US$0.12
Dividend13/11/201929/11/2019US$0.12
Dividend07/08/201923/08/2019US$0.12
Dividend08/05/201924/05/2019US$0.12
Dividend06/02/201922/02/2019US$0.12
Dividend14/11/201830/11/2018US$0.12
Dividend08/08/201824/08/2018US$0.12
Dividend09/05/201825/05/2018US$0.12
Dividend07/02/201823/02/2018US$0.12
Dividend09/11/201727/11/2017US$0.12
Dividend09/08/201728/08/2017US$0.12
Dividend09/05/201726/05/2017US$0.10
Dividend07/02/201724/02/2017US$0.10
Dividend08/11/201628/11/2016US$0.10

About Westinghouse Air Brake Technologies

Sector
Manufacturing

Questions about WAB

How much is WAB today?

WAB is at US$288.82 (0.57% on the day), last traded on 02/10/2026.

How much did WAB pay in dividends in 2025?

WAB paid US$1.00 per share in 2025, a dividend yield of 0.47%.

What are the P/E and P/B of WAB?

WAB trades at a P/E of 38.44 and a P/B of 4.35.

How much did WAB return in 12 months?

WAB returned 43.92% in 12 months, with annualised volatility of 19.48% and a largest drawdown of -5.32%.