Question 1

What is Carrier Global's P/S ratio?

Accepted Answer

Carrier Global (CARR) P/S ratio is 2.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Carrier Global?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Carrier Global specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is Carrier Global's P/S ratio high or low?

Accepted Answer

Carrier Global's P/S ratio of 2.6× is above its own 5-year average of 2.2× and below the sector median of 3.1×. That places the current reading at the 76th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Carrier Global's historical P/S ratio range?

Accepted Answer

In the available daily series, Carrier Global (CARR) P/S ratio has ranged from a low of 0.6× in 2019 to a high of 3.5× in 2024. The 5-year average is 2.2× and the 5-year median is 2.2×.

Question 7

What was Carrier Global's P/S ratio in 2025?

Accepted Answer

Carrier Global (CARR) P/S ratio at the end of 2025 was 2.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Carrier Global's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$44.34B	$21.75B	2.0×	-0.7×	Dec 31, 2025
2024	$60.76B	$22.49B	2.7×	+0.4×	Dec 31, 2024
2023	$48.24B	$21.30B	2.3×	+0.6×	Dec 31, 2023
2022	$34.47B	$20.42B	1.7×	-0.6×	Dec 31, 2022
2021	$46.93B	$20.61B	2.3×	+0.4×	Dec 31, 2021
2020	$32.68B	$17.46B	1.9×	+1.3×	Dec 31, 2020
2019	$10.39B	$18.61B	0.6×	—	Dec 31, 2019


Boeing (BA)	1.8×
General Dynamics (GD)	1.8×
Expeditors International (EXPD)	1.7×
Gartner (IT)	1.7×
J.B. Hunt Transport Services (JBHT)	1.7×
Pool (POOL)	1.4×
C.H. Robinson Worldwide (CHRW)	1.2×
Alamo Group (ALG)	1.2×
Huntington Ingalls Industries (HII)	1.2×
Jacobs Solutions (J)	1.1×
Textron (TXT)	1.0×
Tennant (TNC)	1.0×
United Parcel Service (UPS)	0.9×
FedEx (FDX)	0.8×
AGCO (AGCO)	0.8×
Versant Media Group, Inc. Class A (VSNT)	0.8×
Stanley Black & Decker (SWK)	0.7×
Matthews International (MATW)	0.7×
Delta Air Lines (DAL)	0.7×
Southwest Airlines (LUV)	0.6×
Builders FirstSource (BLDR)	0.6×
United Airlines Holdings (UAL)	0.5×
Amentum Holdings (AMTM)	0.5×
Alaska Air Group (ALK)	0.3×
ABM Industries (ABM)	0.3×

P/S Ratio for Carrier Global (CARR)

P/S Ratio daily chart for Carrier Global (CARR)

Historical P/S Ratio for Carrier Global (CARR) from 2019 to 2025

About P/S Ratio at Carrier Global (CARR)

Carrier Global P/S Ratio by Year

Carrier Global P/S Ratio 2025: 2.0×

Carrier Global P/S Ratio 2024: 2.7×

Carrier Global P/S Ratio 2023: 2.3×

Carrier Global P/S Ratio 2022: 1.7×

Carrier Global P/S Ratio 2021: 2.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Carrier Global (CARR) Key Financials

P/S Ratio daily chart for Carrier Global (CARR)

Historical P/S Ratio for Carrier Global (CARR) from 2019 to 2025

About P/S Ratio at Carrier Global (CARR)

Carrier Global P/S Ratio by Year

Carrier Global P/S Ratio 2025: 2.0×

Carrier Global P/S Ratio 2024: 2.7×

Carrier Global P/S Ratio 2023: 2.3×

Carrier Global P/S Ratio 2022: 1.7×

Carrier Global P/S Ratio 2021: 2.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Carrier Global's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Carrier Global?

+Is Carrier Global's P/S ratio high or low?

+What is Carrier Global's historical P/S ratio range?

+What was Carrier Global's P/S ratio in 2025?

+Why does Carrier Global's P/S ratio change over time?

Carrier Global (CARR) Key Financials