Key facts, as of
As of October 9, 2026, Westinghouse Air Brake (WAB) trades at $280.80, up 40.8% over the past year. Its 52-week range runs from $186.06 to $306.64; the price is 8.4% below that high. It is 8.4% below its all-time high of $306.64, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +272.7%, against +312.9% for the S&P 500 (SPY). It sits 6.8% above its 200-day average of $262.94, the usual sign of a long-term uptrend. Its 30-day volatility is 19.0% annualized, which we rate medium risk. It has a trailing P/E of 37.7 and a dividend yield of 0.44%.
Cite: Portfolio Terminal, "Westinghouse Air Brake (WAB) stock analysis", 2026-10-09. https://portfolio-terminal.com/analyse/wab
Where it trades today
trading 79% of the way up its 52-week range
How the price has moved
How far it is from its record
Westinghouse Air Brake (WAB) is 8.4% below its all-time high of $306.64, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +272.7%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Order-book quality, backlog conversion, and operating leverage usually tell you more than a single quarter of revenue growth.
- WAB trades at 37.7x earnings, well above the industrials average of 18.5x, so the market is already pricing in above-consensus execution.
- WAB carries a beta of 0.92, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- Relative performance versus CAT, HON matters here because leadership inside industrials rarely stays static for long.
Portfolio Use Case
- WAB is more useful for investors comparing conviction names inside industrials than for someone looking for a passive “set and forget” holding.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in WAB.
- The view would need revisiting if peers such as CAT, HON start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for WAB come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Industrials so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as CAT, HON.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for WAB. Last refresh: Oct 9, 2026, 10:17 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as CAT, HON.
What Westinghouse Air Brake does
Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and…
What analysts expect
WAB carries a strong buy consensus from 12 analysts, with an average price target of $330.00 versus $280.80 today (+17.5%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
WAB generated $11.98B in trailing revenue (17.5% year over year), with a 10.6% net margin, and $1.10B of free cash flow, against $6.28B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $11.17B | $3.81B | $1.79B | $1.17B | $6.84 | $1.50B |
| 2024 | $10.39B | $3.37B | $1.61B | $1.06B | $6.05 | $1.63B |
| 2023 | $9.68B | $2.94B | $1.27B | $815.00M | $4.54 | $1.01B |
| 2022 | $8.36B | $2.54B | $1.01B | $633.00M | $3.46 | $889.00M |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
WAB is in 6 of the 30 ETFs we track. It weighs most in XLI: 0.91% of the fund, holding #41 of 83.
Famous investors who hold it
WAB is in the latest 13F of 1 of the 15 famous investors we follow. Stanley Druckenmiller (Duquesne Family Office) holds the most of it: 0.29% of the portfolio, position #65 of 94, as of Q2 2026.
How it sits in industrials
Manufacturing, aerospace, defense, and infrastructure companies.
The companies it competes with
WAB beside the industrials names it is usually measured against.
What the chart is saying
Slipped under its 50-day average inside a longer uptrend.
weakening- Price is 3.0% below its 50-day average and 6.8% above its 200-day.
- RSI at 42 is neither stretched nor washed out.
- The nearest ceiling is $287.45 (+2.4%), the nearest floor $274.54 (-2.2%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is WAB a good investment in 2026?
Westinghouse Air Brake trades at a P/E ratio of 37.7, with medium volatility (19.0% annualized). The stock is in a consolidation phase.
What is the risk level of WAB?
Based on 30-day volatility of 19.0%, WAB has MEDIUM risk. Beta of 0.92 indicates lower sensitivity to market movements than average.
Does WAB pay dividends?
Yes, Westinghouse Air Brake has a dividend yield of 0.44%.
How far is WAB from its all-time high?
Westinghouse Air Brake is 8.4% below its all-time high of $306.64, reached in July 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +272.7%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold WAB?
6 of the 30 popular ETFs we track hold Westinghouse Air Brake. The largest weights: XLI (0.91%), VTV (0.18%), IVV (0.07%), SPY (0.07%) and VOO (0.07%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is WAB?
0.07%, as of August 31, 2026: WAB is holding #234 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.73 in Westinghouse Air Brake.
Which famous investors own WAB?
Stanley Druckenmiller (0.29% of Duquesne Family Office's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for WAB?
The average analyst price target for Westinghouse Air Brake (WAB) is $330.00 based on 12 analyst estimates, about 17.5% above the current price of $280.80. The published range runs from $292.00 to $355.00.
How much revenue does WAB generate?
Westinghouse Air Brake reported $11.98B in trailing twelve-month revenue. Revenue growth is running at 17.5% year over year. Net margin sits at 10.6%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare WAB with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.