WAB

Westinghouse Air Brake Technologies Corp

NYSE: WAB · INDUSTRIALS · RAILROADS

$268.13

-0.81% today

Updated 2026-06-05

Market cap

$45.00B

P/E ratio

37.46

P/S ratio

3.91x

EPS (TTM)

$7.08

Dividend yield

0.40%

52W range

$184 – $276

Volume

1.0M

Market cap

$45.00B

P/E ratio

37.46

P/S ratio

3.91x

EPS (TTM)

$7.08

Dividend yield

0.40%

52W range

$184 – $276

Volume

1.0M

Westinghouse Air Brake Technologies Corp (WAB) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Research-backed WAB price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.

Current price

$268.13

Today

Analyst consensus

$272.09

+1.48% · 12M

2030 Base

—

— future

NPV today

—

@ — WACC

11 analysts:

5 Buy2 Hold0 Sell

Management guidance

Wabtec provided 2026 full-year adjusted EPS guidance of $10.05-$10.45 (midpoint $10.25), implying ~50% EPS growth. While specific revenue guidance was not explicitly stated in available materials, the company announced record backlog and multiple major contracts (Union Pacific $1.2B, CSX $670M locomotive modernization deals) that support near-term revenue acceleration. Management indicated strong execution on rail modernization demand through 2026-2027.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

WAB · Westinghouse Air Brake Technologies Corp · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range

Bear case (2030)

—

NPV today: —

Base case (2030)

—

NPV today: —

Bull case (2030)

—

NPV today: —

WallStSmart.com

WAB financial forecast · Research-backed projections

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E) ★
Revenue	$11.2B	$12.4B	$13.2B	$14.1B	$15.2B	$16.4B
Revenue growth	7.5%	11.5%	6.1%	6.7%	7.7%	7.7%
Net margin	—	—	—	—	—	—
EPS	$8.06	$10.49	$11.95	$13.50	$15.25	$17.15
Diluted shares	—	—	—	—	—	—
Net debt	—	—	—	—	—	—
P/S multiple	—	2.0x	2.0x	2.0x	2.0x	2.0x
Implied price (base)	—	$863.29	$939.47	$990.25	$1,066.42	$1,142.60

★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

Scenario detail · Three drivers, three outcomes

2030E driver	Bear	Base	Bull
Revenue	$16.4B	$16.4B	$16.4B
P/S multiple	1.0x	2.0x	4.0x
Diluted shares	0M	0M	0M
Net debt	—	—	—
Implied P/E ^†	—	—	—
2030 Price	$—	$—	$—
NPV @ —	$—	$—	$—

† Implied P/E: Multiples remain elevated across all three scenarios because WAB is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.

EV to per-share bridge · How we get to $— base case

WAB catalysts and risks

Growth catalysts

+ Union Pacific $1.2B locomotive modernization deal execution

+ CSX $670M fleet modernization contract

+ Dellner Couplers acquisition integration and synergies

+ Rail industry capital cycle acceleration with infrastructure tailwinds

+ Record backlog conversion to revenue (estimated 2-3 year conversion horizon)

+ Aftermarket services growth from installed base modernization

Key risks

- Softening North American railcar build cycle and freight demand volatility

- Economic slowdown reducing Class I railroad capital spending

- Integration execution risk from Dellner Couplers acquisition

- Supply chain disruptions in manufacturing-heavy operations

- Valuation stretched at 37.2x P/E vs. peers; DCF analysis suggests 12.9% overvaluation

Methodology · Westinghouse Air Brake Technologies Corp 2030 stock forecast model

Westinghouse Air Brake Technologies Corp 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilution	Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for WAB by 2030)
2. Net debt	EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030)
3. Time value	NPV calculated using — WACC (sector fallback)
4. Multiple framework	P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x
5. Scenario design	Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.

WAB price target FAQ

How is the Westinghouse Air Brake Technologies Corp 2030 stock forecast calculated?

The WAB 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.

What is the analyst consensus on WAB stock?

11 analysts cover WAB with an average 12-month price target of $272.09. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.