Trinity Industries Inc (TRN) is slightly overvalued and Westinghouse Air Brake Technologies Corp (WAB) is overvalued.
Both trade above our estimate of their intrinsic value. TRN is the closer of the two: -16%, against -45% for WAB.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.1% (average of 3 methods) values the shares at $23.92; the price of $27.82 is 16% above that value, and 83% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $199.51; the price of $289.71 is 45% above that value, and 74% of that value comes from beyond year five.
Leak Score 55/100 on 10 of 12 signals
| Metric | TRN | WAB |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $27.82 | $289.71 |
| Intrinsic value | $23.92 | $199.51 |
| Margin of safety | -16% | -45% |
| Leak Score | 14/100 (3/12) | 55/100 (10/12) |
| Market cap | $2.2B | $48.9B |
| Revenue growth, 5 years | 4.3% | 8.1% |
| Operating margin | 15.2% | 16.7% |
| Net margin | 16.6% | 10.6% |
| Return on equity | 32.4% | 11.5% |
| Debt to equity | 4.57 | 0.62 |
| P/E | 6.7x | 39.0x |
| Forward P/E | 12.5x | 23.3x |
| P/B | 1.9x | 4.4x |
| Dividend yield | 4.5% | 0.4% |