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Friday 6 November 2026 Export TT’s income statement to Excel — free account

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.

Revenue
+17.7%
EPS
+25.4%
Free cash flow
+28.8%
Total debt
−8.63%

Quarter to September 2026, against a year earlier

394.05 16.43 −4.00%
Market cap
$85.9B
P/E
27.8×
Fwd P/E
27.1×
Dividend yield
1.04%
F-score
9/9
Altman Z
6.44
Beneish M
−2.46
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Trane Technologies plc (TT) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Trane Technologies plc (TT) trades at a P/B ratio of 9.5×. Over the past ten years it has ranged from 1.7× (February 2016) to 13.4× (July 2025); the current reading is higher than 78% of that period. That is above the Building Products & Equipment industry median of 2.9× 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× 58.39%
FY2019 3.4× 37.58%
FY2018 2.5× 1.69%
FY2017 2.4× 7.15%
FY2016 2.3× 18.10%

Quarterly newest first

Period P/B ratio Change
Sep 2026 10.9× (13.29%)
Jun 2026 12.6× 17.10%
Mar 2026 10.7× 6.26%
Dec 2025 10.1× (10.33%)
43 more quarters

Against its own ten years

Low 1.7× High 13.4×
Ten-year median 5.2×
Current reading's percentile 76

P/B ratio against peers

Company P/B ratio
MAS Masco Corporation compare n/m
MAIR Madison Air Solutions Corporation compare 2.8×
OC Owens Corning Inc compare 3.0×
CARR Carrier Global Corporation compare 4.2×
WMS Advanced Drainage Systems, Inc. compare 5.2×
LII Lennox International, Inc. compare 9.1×
TT Trane Technologies plc 9.5×
CSL Carlisle Companies Incorporated compare 10.4×
JCI Johnson Controls International plc compare 2,284×
Building Products & Equipment industry median 2.9×
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))

The full definition of P/B ratio →

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