Trane Technologies plc
TT Industrials Building Products & Equipment
Trane Technologies plc’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 7.48% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS grew 6.94%, free cash flow grew 67.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Trane Technologies plc (TT) P/B ratio
As of 16 October 2026, Trane Technologies plc (TT) trades at a P/B ratio of 11.7×. Over the past ten years it has ranged from 1.7× (February 2016) to 13.4× (July 2025); the current reading is higher than 91% of that period. That is above the Building Products & Equipment industry median of 2.8× and above the Industrials sector median of 2.2×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 10.1× | (9.57%) |
| FY2024 | 11.2× | 42.35% |
| FY2023 | 7.8× | 19.96% |
| FY2022 | 6.5× | (14.99%) |
| FY2021 | 7.7× | 41.76% |
| FY2020 | 5.4× | 59.16% |
| FY2019 | 3.4× | 37.57% |
| FY2018 | 2.5× | 1.70% |
| FY2017 | 2.4× | 7.14% |
| FY2016 | 2.3× | 17.52% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 12.6× | 17.10% |
| Mar 2026 | 10.7× | 6.26% |
| Dec 2025 | 10.1× | (10.33%) |
| Sep 2025 | 11.3× | (9.45%) |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| MAS Masco Corporation compare | n/m |
| OC Owens Corning Inc compare | 2.4× |
| CARR Carrier Global Corporation compare | 3.4× |
| SPXC SPX Technologies, Inc. compare | 3.5× |
| WMS Advanced Drainage Systems, Inc. compare | 5.4× |
| JCI Johnson Controls International plc compare | 6.5× |
| CSL Carlisle Companies Incorporated compare | 8.3× |
| LII Lennox International, Inc. compare | 9.6× |
| TT Trane Technologies plc | 11.7× |
| Building Products & Equipment industry median | 2.8× |
| Industrials sector median | 2.2× |
| Market median | 1.7× |
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))
More on TT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement