Carrier Global Corporation CARR

56.37 1.50 2.73% as of 25 Sep
Market cap
$45.3B
P/E
38.9×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Carrier Global Corporation (CARR) P/B ratio

As of 25 September 2026, Carrier Global Corporation (CARR) trades at a P/B ratio of 3.5×. Over the past ten years it has ranged from 0.7× (March 2020) to 7.1× (August 2021); the current reading is higher than 7% of that period. That is above the Building Products & Equipment industry median of 3.0× and above the Industrials sector median of 2.4×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 3.2× (25.15%)
FY2024 4.3× (18.85%)
FY2023 5.2× 20.79%
FY2022 4.3× (34.50%)
FY2021 6.6× 33.52%
FY2020 5.0× 590.00%
FY2019 0.7× 0.00%
FY2018 0.7× 0.00%
FY2017 0.7× —

Quarterly

Period P/B ratio Change
Jun 2026 4.5× 32.34%
Mar 2026 3.4× 6.86%
Dec 2025 3.2× (6.64%)
Sep 2025 3.4× (18.06%)
26 more quarters

Against its own ten years

Low 0.7× High 7.1×
Ten-year median 4.7×
Current reading's percentile 7

P/B ratio against peers

Company P/B ratio
MAS Masco Corporation compare n/m
OC Owens Corning Inc compare 2.6×
CARR Carrier Global Corporation 3.5×
SPXC SPX Technologies, Inc. compare 3.7×
WMS Advanced Drainage Systems, Inc. compare 5.6×
JCI Johnson Controls International plc compare 6.8×
CSL Carlisle Companies Incorporated compare 8.1×
LII Lennox International, Inc. compare 10.0×
TT Trane Technologies plc compare 11.6×
Building Products & Equipment industry median 3.0×
Industrials sector median 2.4×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on CARR