Westinghouse Air Brake Technologies (HAM:WB2) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Mar. 2026)


HAM:WB2 Westinghouse Air Brake Technologies Corp HAM:WB2
89 GF Score
Price €234.70
GF Value €185.93
! 8 Warning Signs
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What is Westinghouse Air Brake Technologies Return-on-Tangible-Equity?

Westinghouse Air Brake Technologies HAM:WB2 -4.16% 89 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates HAM:WB2 with a GF Score™ of 89/100 and a GF Value™ of €185.93. The stock has 8 warning signs investors should review. Among 975 Transportation companies, Westinghouse Air Brake Technologies ranks better than 99.9% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Westinghouse Air Brake Technologies's annualized net income for the quarter that ended in Mar. 2026 was €1,253 Mil. Westinghouse Air Brake Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €-2,870 Mil. Therefore, Westinghouse Air Brake Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Westinghouse Air Brake Technologies's Return-on-Tangible-Equity or its related term are showing as below:

HAM:WB2' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Tangible Equity

HAM:WB2's Return-on-Tangible-Equity is ranked better than
99.9% of 975 companies
in the Transportation industry
Industry Median: 9 vs HAM:WB2: Negative Tangible Equity

Westinghouse Air Brake Technologies  (HAM:WB2) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Westinghouse Air Brake Technologies Return-on-Tangible-Equity Related Terms


Westinghouse Air Brake Technologies Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Westinghouse Air Brake Technologies's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Westinghouse Air Brake Technologies Return-on-Tangible-Equity Chart

Westinghouse Air Brake Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Westinghouse Air Brake Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

HAM:WB2 vs NSC, CSX, TRN: Return-on-Tangible-Equity Comparison

For the Railroads subindustry, Westinghouse Air Brake Technologies's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Westinghouse Air Brake Technologies Return-on-Tangible-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Westinghouse Air Brake Technologies's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Westinghouse Air Brake Technologies's Return-on-Tangible-Equity falls into.


HAM:WB2
89GF Score
Westinghouse Air Brake Technologies Corp HAM:WB2
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Westinghouse Air Brake Technologies Return-on-Tangible-Equity Calculation

Westinghouse Air Brake Technologies's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=999.18/( (-1483.115+-2486.848 )/ 2 )
=999.18/-1984.9815
=Negative Tangible Equity %

Westinghouse Air Brake Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1252.52/( (-2486.848+-3253.265)/ 2 )
=1252.52/-2870.0565
=Negative Tangible Equity %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Westinghouse Air Brake Technologies (HAM:WB2) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Westinghouse Air Brake Technologies and its competitors. According to the industry distribution chart, Westinghouse Air Brake Technologies ranks #1 out of 975 companies in the Transportation industry, placing it in the top 0.099999999999994%.
Is Westinghouse Air Brake Technologies' Return-on-Tangible-Equity too high?
Westinghouse Air Brake Technologies' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Westinghouse Air Brake Technologies ranks #1 out of 975 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Westinghouse Air Brake Technologies has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Westinghouse Air Brake Technologies' Return-on-Tangible-Equity compare to NSC and CSX?
According to the Transportation industry distribution chart, Westinghouse Air Brake Technologies ranks #1 out of 975 companies for Return-on-Tangible-Equity. This places Westinghouse Air Brake Technologies in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.00, based on 975 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Westinghouse Air Brake Technologies and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westinghouse Air Brake Technologies's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westinghouse Air Brake Technologies stock overvalued right now?
Westinghouse Air Brake Technologies (HAM:WB2) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is €185.93, compared to a current price of €234.70 — trading 26.2% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Westinghouse Air Brake Technologies' overall GF Score™ is 89/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Westinghouse Air Brake Technologies (HAM:WB2), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Westinghouse Air Brake Technologies (HAM:WB2) Overvalued in 2026?

Based on GuruFocus' analysis, Westinghouse Air Brake Technologies stock appears to be overvalued. The current stock price of €234.70 is trading 26.2% above its estimated GF Value™ of €185.93.

Key valuation signals for HAM:WB2:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: €185.93 vs. price of €234.70 (26.2% above fair value)
  • GF Score™: 89/100 with 8 warning signs

No single metric tells the full story. See the HAM:WB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Westinghouse Air Brake Technologies Business Description

Other Exchanges WAB:USAWAB:Mexico0A7Y:UK
Address 30 Isabella Street, Pittsburgh, PA, USA, 15212
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.
89GF Score

Get the complete analysis for HAM:WB2

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€234.70
Price
€185.93
GF Value