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Trane Technologies plc TT

NYSE · stock · Auto Controls For Regulating Residential & Comml Environments · website · IPO 1906-10-10

Trane Technologies plc statistics & valuation

Market cap$105.6B
P / E36.2×
P / S5.0×
P / B12.3×
Dividend yield0.79%
Net margin13.7%
Return on equity33.9%
Net debt$2.9B
Net debt / EBITDA0.7×
Enterprise value USD$108.5B
EV / EBITDA25×
Earnings yield EBIT/EV3.7%
Return on capital26.2%
Graham number -77.9%$105.68

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($105.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.90% 9.20% 10.80% 10.80% 6.90% 10.10% 11.00% 11.40% 12.90% 13.70% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
11.90% 11.70% 12.20% 12.80% 12.30% 14.30% 15.10% 16.40% 17.60% 18.60% 2016201720182019202020212022202320242025
Return on equity (%)
22.00% 18.10% 18.90% 19.30% 13.30% 22.70% 28.80% 28.80% 34.30% 33.90% 2016201720182019202020212022202320242025
Shares outstanding
261.7M 258.1M 250.1M 244.4M 243.1M 242.3M 253.3M 251.7M 249.0M 224.9M 2016201720182019202020212022202320242025
Net debt ($)
$2.35B $2.53B $3.21B $4.29B $1.98B $2.68B $3.62B $3.68B $3.18B $2.85B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.50% 7.20% 7.50% 6.90% 4.70% 7.90% 9.70% 10.40% 12.70% 13.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.90% 9.40% 9.10% 13.10% 13.00% 9.70% 8.80% 12.00% 14.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.60× 0.56× 0.58× 0.76× 0.82× 0.77× 0.79× 0.68× 0.64× 0.54× 2016201720182019202020212022202320242025
EPS ($)
$5.65 $5.05 $5.35 $5.77 $3.52 $5.87 $7.48 $8.77 $11.24 $12.98 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Trane Technologies plc trades at about 36.9× earnings — above its 10-year norm (10-year range 10.9×–40.7×, median 28.7×).

10.9× 40.7×

Shaded band = 10-year range (10.9×–40.7×); dot = today's 36.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin18.6%17.6%16.4%15.1%14.3%12.3%12.8%12.2%11.7%11.9%
Net margin13.7%12.9%11.4%11.0%10.1%6.9%10.8%10.8%9.2%10.9%
FCF margin—14.1%12.0%8.8%9.7%13.0%13.1%9.1%9.4%9.9%
Return on assets13.6%12.7%10.4%9.7%7.9%4.7%6.9%7.5%7.2%8.5%
Return on equity33.9%34.3%28.8%28.8%22.7%13.3%19.3%18.9%18.1%22.0%
Debt / equity0.54×0.64×0.68×0.79×0.77×0.82×0.76×0.58×0.56×0.60×
Current ratio1.251.211.131.121.361.591.771.331.271.55

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.