Question 1

What is Trane Technologies's P/E ratio?

Accepted Answer

Trane Technologies (TT) P/E ratio is 35.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Trane Technologies?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Trane Technologies specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is Trane Technologies's P/E ratio high or low?

Accepted Answer

Trane Technologies's P/E ratio of 35.2× is above its own 5-year average of 28.4× and above the sector median of 27.8×. That places the current reading at the 79th 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 Trane Technologies's historical P/E ratio range?

Accepted Answer

In the available daily series, Trane Technologies (TT) P/E ratio has ranged from a low of 2.4× in 2008 to a high of 44.9× in 2021. The 5-year average is 28.4× and the 5-year median is 30.1×.

Question 7

What was Trane Technologies's P/E ratio in 2025?

Accepted Answer

Trane Technologies (TT) P/E ratio at the end of 2025 was 29.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Trane Technologies's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$87.03B	$2.92B	29.8×	-2.5×	Dec 31, 2025
2024	$82.91B	$2.57B	32.3×	+4.9×	Dec 31, 2024
2023	$55.41B	$2.02B	27.4×	+5.3×	Dec 31, 2023
2022	$38.70B	$1.76B	22.0×	-11.4×	Dec 31, 2022
2021	$47.52B	$1.42B	33.4×	-7.2×	Dec 31, 2021
2020	$34.67B	$854.90M	40.5×	+23.1×	Dec 31, 2020
2019	$24.57B	$1.41B	17.4×	+4.6×	Dec 31, 2019
2018	$17.12B	$1.34B	12.8×	-0.5×	Dec 31, 2018
2017	$17.26B	$1.30B	13.3×	+3.0×	Dec 31, 2017
2016	$15.08B	$1.48B	10.2×	-6.6×	Dec 31, 2016
2015	$11.21B	$664.60M	16.9×	+3.0×	Dec 31, 2015
2014	$12.93B	$931.80M	13.9×	-8.0×	Dec 31, 2014
2013	$13.51B	$618.70M	21.8×	+11.0×	Dec 31, 2013
2012	$11.00B	$1.02B	10.8×	-9.8×	Dec 31, 2012
2011	$7.06B	$343.20M	20.6×	+1.7×	Dec 31, 2011
2010	$12.09B	$642.10M	18.8×	-1.0×	Dec 31, 2010
2009	$8.95B	$451.40M	19.8×	—	Dec 31, 2009
2008	$4.31B	−$2.62B	—	—	Dec 31, 2008
2007	$9.89B	$3.97B	2.5×	-6.5×	Dec 31, 2007
2006	$9.30B	$1.03B	9.0×	-0.8×	Dec 31, 2006
2005	$10.30B	$1.05B	9.8×	+0.9×	Dec 31, 2005
2004	$10.77B	$1.21B	8.9×	-5.3×	Dec 31, 2004
2003	$9.18B	$644.50M	14.2×	+2.0×	Dec 31, 2003
2002	$5.62B	$461.00M	12.2×	-9.4×	Dec 31, 2002
2001	$5.31B	$246.20M	21.6×	—	Dec 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for Trane Technologies (TT)

P/E Ratio daily chart for Trane Technologies (TT)

Historical P/E Ratio for Trane Technologies (TT) from 2001 to 2025

About P/E Ratio at Trane Technologies (TT)

Trane Technologies P/E Ratio by Year

Trane Technologies P/E Ratio 2025: 29.8×

Trane Technologies P/E Ratio 2024: 32.3×

Trane Technologies P/E Ratio 2023: 27.4×

Trane Technologies P/E Ratio 2022: 22.0×

Trane Technologies P/E Ratio 2021: 33.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Trane Technologies (TT) Key Financials

P/E Ratio daily chart for Trane Technologies (TT)

Historical P/E Ratio for Trane Technologies (TT) from 2001 to 2025

About P/E Ratio at Trane Technologies (TT)

Trane Technologies P/E Ratio by Year

Trane Technologies P/E Ratio 2025: 29.8×

Trane Technologies P/E Ratio 2024: 32.3×

Trane Technologies P/E Ratio 2023: 27.4×

Trane Technologies P/E Ratio 2022: 22.0×

Trane Technologies P/E Ratio 2021: 33.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Trane Technologies's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Trane Technologies?

+Is Trane Technologies's P/E ratio high or low?

+What is Trane Technologies's historical P/E ratio range?

+What was Trane Technologies's P/E ratio in 2025?

+Why does Trane Technologies's P/E ratio change over time?

Trane Technologies (TT) Key Financials