WAB
Westinghouse Air Brake Technologies Industrials - Rail Equipment Investor Relations →
Westinghouse Air Brake Technologies (WAB) closed at $280.23 as of 2026-09-18, trading 62.1% above its 200-week moving average of $172.86. The stock is currently moving closer to the line, down from 64.7% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.04 ratio) is neutral — neither side is clearly dominating.
Over the past 1583 weeks of data, WAB has crossed below its 200-week moving average 17 times. On average, these episodes lasted 24 weeks. Historically, investors who bought WAB at the start of these episodes saw an average one-year return of +20.1%.
With a market cap of $47.3 billion, WAB is a large-cap stock. The company generates a free cash flow yield of 2.3%. Return on equity stands at 11.6%. The stock trades at 4.2x book value.
The company has been aggressively buying back shares, reducing its share count by 5.8% over the past three years.
Over the past 30.4 years, a hypothetical investment of $100 in WAB would have grown to $4970, compared to $1924 for the S&P 500. That represents an annualized return of 13.7% vs 10.2% for the index — confirming WAB as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 19% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: WAB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After WAB Crosses Below the Line?
Across 17 historical episodes, buying WAB when it crossed below its 200-week moving average produced an average return of +17.8% after 12 months (median +19.0%), compared to +21.4% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +33.0% vs +35.7% for the index.
Each line shows $100 invested at the moment WAB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices WAB would reach each dislocation threshold.
Dislocation Price Levels
Prices where WAB's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-21.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $256.99 | Unusually cheap — analysis point |
| Value | +1σ | $267.02 | Cheap vs. own history |
| Fair Value | +0σ | $277.87 | Historical mean behavior |
| Expensive | -1σ | $289.63 | Expensive vs. own history |
| Deep Expensive | -2σ | $302.43 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-22 | $2.61 | $2.76 | +5.9% |
| 2026-04-22 | $2.52 | $2.71 | +7.5% |
| 2026-02-11 | $2.08 | $2.10 | +0.9% |
| 2025-10-22 | $2.28 | $2.32 | +2.0% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from WAB's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
WAB has crossed below its 200-week MA 17 times with an average 1-year return of +20.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1996 | Jun 1996 | 4 | 5.4% | +32.4% | +4870.3% |
| Jul 1996 | Dec 1996 | 22 | 15.0% | +81.8% | +5548.1% |
| Sep 1999 | Nov 2002 | 165 | 55.1% | -43.1% | +3374.8% |
| Dec 2002 | May 2003 | 24 | 23.9% | +30.4% | +4483.5% |
| Nov 2008 | Nov 2008 | 1 | 7.3% | +29.0% | +1859.4% |
| Jan 2009 | Apr 2009 | 14 | 29.9% | +22.6% | +1716.2% |
| May 2009 | Aug 2009 | 12 | 13.0% | +38.0% | +1674.6% |
| Jan 2016 | Feb 2016 | 7 | 9.3% | +34.6% | +371.9% |
| Jun 2016 | Aug 2016 | 8 | 6.0% | +26.6% | +323.3% |
| Mar 2017 | Apr 2017 | 4 | 3.3% | +8.4% | +282.0% |
| Jul 2017 | Dec 2017 | 22 | 13.2% | +45.3% | +294.2% |
| Jan 2018 | Mar 2018 | 5 | 11.5% | -4.1% | +301.8% |
| Mar 2018 | Apr 2018 | 3 | 4.7% | -9.1% | +279.9% |
| Dec 2018 | Nov 2019 | 48 | 22.7% | +3.2% | +300.3% |
| Nov 2019 | Jan 2021 | 58 | 48.5% | -5.4% | +270.9% |
| Jan 2021 | Feb 2021 | 1 | 2.1% | +19.1% | +289.9% |
| Feb 2021 | Mar 2021 | 3 | 4.3% | +31.5% | +290.6% |
| Average | 24 | — | +20.1% | — |
Frequently Asked Questions
Is WAB below its 200-week moving average?
No. Westinghouse Air Brake Technologies (WAB) is currently 62.1% above its 200-week moving average of $172.86. It would need to fall to $172.86 to cross below the line.
What is WAB's 200-week moving average price?
Westinghouse Air Brake Technologies's 200-week moving average is $172.86 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when WAB drops below its 200-week moving average?
WAB has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +20.1%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is WAB a good value right now?
Here's what our data says about WAB as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 58. Free cash flow yield is 2.3%. Return on equity is 11.6%. Price-to-book is 4.2x. This is not a buy or sell recommendation — always do your own research.
How does WAB compare to the S&P 500?
Over the past 30.4 years, $100 invested in WAB would have grown to $4970, compared to $1924 for the S&P 500. That's 13.7% annualized vs 10.2% for the index. WAB has outperformed the broader market over this period.
Does WAB pay a dividend?
Yes. Westinghouse Air Brake Technologies currently pays a dividend yield of 44.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18