The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

KBX.DE

Concerning the House

Knorr-Bremse AG, together with its subsidiaries, develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide. It operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions. The Commercial Vehicle Systems segment provides pneumatic braking systems comprising brake control systems, disk brakes, drum brakes, brake cylinders, valves, and pedal units; steering systems; vehicle dynamics solutions, such as anti-lock braking systems and electronic stability programs; driver assistance systems; automated driving and electronic leveling control; energy supply and distribution systems, including compressors and air treatment products; and engine components and transmission control systems, such as vibration dampers, engine air management, transmission control, and gear/clutch actuation products for trucks, buses, trailers, and agricultural machinery. The company offers leasing, holding, logistics, and media and IT services. The company was founded in 1905 and is headquartered in Munich, Germany. Knorr-Bremse AG operates as a subsidiary of KB Holding GmbH.

Germany · www.knorr-bremse.com

The Ledger
LineSep 2024Dec 2024Mar 2025Jun 2025
Revenue$1.91B$1.99B$1.96B$2.00B
Gross profit$1.03B$1.08B$1.08B$1.09B
Operating income$218.69M$178.81M$204.00M$228.00M
Net income$129.94M$16.99M$135.00M$140.00M
Diluted EPS0.84
Free cash flow$175.85M$526.85M$12.00M$147.00M
CapEx-$81.72M-$86.87M-$54.00M-$61.00M
Quotation

$100.20

-0.30 (-0.3%)

52w hi$113.19
52w lo$76.70
Vol142.69K
As ofAug 13
The Verdict

Hold

Our score -0.14

Short-0.05
Medium-0.25
Long-0.07

computed 2026-08-13

By the Numbers

Knorr-Bremse AG

Consumer Cyclical · Auto Parts

Market cap$16.15B
Enterprise value$17.42B
Trailing P/E27.53x
Forward P/E18.50x
EV / EBITDA13.94x
P / S (ttm)2.01x
Profit margin7.3%
Return on equity19.8%
Revenue growth+7.0%
Earnings growth+28.7%
Debt / equity74.33
Risk Metrics
Beta vs SPX0.39
Corr SPX0.22
Annual vol28.4%
Annual ret+18.3%
Sharpe0.64
Max DD-23.1%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.28
Sector+0.01
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$101.00$101.30$99.90$100.20142.69K
Aug 12$102.50$102.70$100.50$100.50181.09K
Aug 11$102.30$102.70$100.80$102.7097.22K
Aug 10$102.10$102.20$101.20$101.2099.09K
Aug 7$102.80$103.10$101.40$101.90131.96K