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The Screen · Industrials · Railroads
Wabtec
WAB · a US exchange · USD · Market cap $47.4B · 31,000 employees
Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.
Positioning political selling, disclosed 2026-08-25
Options no verdict drawn today, left as found
Ethical passes the values gate
Price280.23 USD
Fair value291.92
Ethical score88.0/100
RatingOVERVALUED
Our investment reviews on this name
2026-09-16Read Markdown280.47-0.1% to today ✓
2026-08-16Read Markup296.31-5.4% to today
2026-07-02Read Distribution260.40+7.6% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Wabtec holds its Markdown at $280.23. The statistical read favours the sellers, held for 2 days.
As held on the ledger · 2026-09-18
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 2 days
Price at the screen
$280.23
Valuation
37.80 trailing · 22.54 forward price to earnings
Values screen
PASS· score 88.0
Beta
0.92
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
25.11%
Below 33%
Interest-bearing debt is just 25.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
9.85%
Below 49%
Money owed to the company is 9.9% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OVERVALUED: it trades at roughly a 4% discount to our $291.92 fair value, moderate competitive moat, 17.50% revenue growth.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. A 4.2% margin of safety to the base estimate.
Third-party analyst targets: 12 covering, consensus Strong Buy. The average target sits +20% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Rail supplier powers ahead yet trades rich
Think of the freight trains that keep goods moving across continents. Wabtec supplies the locomotives, brakes and control systems that make those journeys reliable. Revenue is growing 13 percent, margins sit at 11 percent and return on equity matches that figure, yet our fair value sits only 5 percent above the current price, leaving little room for error.
The business carries a moderate competitive moat and clears our ethical screen without issue. Still, a forward multiple of 21.5 times earnings on moderate returns feels stretched when the safety margin is so thin. Analyst targets sit higher, but those forecasts often embed optimistic volume assumptions in a capital-heavy sector.
Rail demand can swing with trade volumes and infrastructure spending, and any slowdown would expose the limited buffer at today's valuation. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WAB trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-16Markdown · changed$280.47-5.3%Entry 5
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 5.3% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (11 analysts) rates it strong buy, with a mean price target of $300.
2026-08-16Markup · changed$296.31+13.8%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 13.8% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (11 analysts) rates it strong buy, with a mean price target of $300.
2026-07-18Distribution$260.40+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (11 analysts) rates it strong buy, with a mean price target of $300.
2026-07-03Distribution$260.40+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Distribution$260.40Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
