Westinghouse Air Brake Technologies Corp (WAB)

Railroad Equipment

Latest Price

$279.60

TTM P/E

34.73

Normalized P/E

48.63

TTM Div Yield

0.42%

Fwd Div Yield

0.42%

Book Value

67.09

P/B Ratio

4.17

Valuation metrics

EPS: $6.83

Book value / share: $65.31

Formula: √(22.5 × EPS × BVPS)

Graham Number

$100.18

64% downside

Norm. op. income: $1.0B (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$16.63

94% downside

Base FCF: $1.0B (median of recent 5yr)

Growth: 4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$67.94

76% downside

EPS: $6.83

Target P/E: 49×

Formula: EPS × P/E

P/E Fair Value

$334.67

+20% upside

93.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	21.38M	$5.76B	12.73%	+1.66M	2026-06-30
BlackRock, Inc.	13.88M	$3.74B	8.26%	+137.3K	2026-06-30
Vanguard Capital Management LLC	11.08M	$2.99B	6.60%	+2.3K	2026-06-30
State Street Corp	7.91M	$2.13B	4.71%	+164.8K	2026-06-30
Price T Rowe Associates Inc	7.27M	$1.96B	4.33%	-731.8K	2026-06-30
Vanguard Portfolio Management LLC	7.17M	$1.93B	4.27%	+12.8K	2026-06-30
Geode Capital Management, LLC	4.52M	$1.21B	2.69%	-34.5K	2026-06-30
FIL Ltd	3.53M	$950.0M	2.10%	+24.9K	2026-06-30
Nordea Investment Management AB	3.09M	$835.0M	1.84%	-462.7K	2026-06-30
Invesco Ltd.	2.79M	$753.0M	1.66%	+662.9K	2026-06-30