Trane Technologies plc (TT)

NYSE: TT · USD

$449

-11.99 (-2.6%)· Recorded snapshot

Dự phòng tiếng AnhVI

Hiển thị bản gốc tiếng Anh trong khi đang dịch

Báo cáo này chưa được dịch. Hãy làm mới sau vài phút khi hàng đợi dịch xử lý xong.

StockMarketAgent Research · Analyzed 2026-10-22

Our latest published analysis: TT rated Sell

Trane Technologies plc's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$313 / share

Potential value

$376 / share

Upside to FV

-29.7%

from $449

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$97.9B
Revenue (ttm)	22.2B
Net income (ttm)	2.9B
EPS (ttm)	$13.2
Shares out	220M
P/E (trailing)	34.0x
P/E (forward)	25.2x
Dividend	$4.20 (0.93%)
Volume	1,828,182
Beta	1.16

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 22.2B
Net income (ttm): 2.9B
EPS (ttm): $13.2
P/E (trailing): 34.0x
P/E (forward): 25.2x
Market cap: $97.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$14.14B	$15.99B	$17.68B	$19.84B	$21.32B	+10.8%
Gross profit	$4.47B	$4.96B	$5.86B	$7.08B	$7.71B	+14.6%
Operating income	$2.02B	$2.42B	$2.89B	$3.50B	$3.97B	+18.3%
Net income	$1.42B	$1.76B	$2.02B	$2.57B	$2.92B	+19.7%
EPS (diluted)	$5.87	$7.48	$8.77	$11.24	$12.98	+21.9%
EBITDA	$2.32B	$2.72B	$3.15B	$3.86B	$4.21B	+16.0%
R&D	$193.5M	$211.2M	$252.3M	$309.6M	$347.6M	+15.8%
SG&A	$2.45B	$2.55B	$2.96B	$3.58B	$3.74B	+11.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Bán
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Bán
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Mua mạnh
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Giữ
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	Giữ
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	Giữ

Base and Bull scenarios

Base60%

Price target

$312.62

-29.7% from spot

The modal Base case reflects orderly conversion of Trane's $12.1 billion backlog, steady applied equipment demand, and disciplined pricing that gradually overcomes component cost inflation. EMEA stabilizes as cost actions take effect, while Americas execution drives modest operating margin expansion to 18.8% in 2026 and 19.0% in 2027. This path underpins our composite fair value midpoint of $312.62.

Consolidated revenue grows 11.45% in FY2026 to $23.76B and 9.86% in FY2027 to $26.11B in line with consensus.
Operating margin expands moderately in FY2026 and continues gradual expansion through FY2030.
Capital expenditures remain disciplined at 2.0% to 3.0% of revenue.
Discount rate of 9.90% cost of equity and terminal growth rate of 3.0%.

Bull20%

Price target

$376.49

-15.4% from spot

In the Bull case, data center thermal management requirements expand exponentially, driving accelerated conversion of Trane's record $12.1 billion backlog. Trane's direct engineering channel and proprietary chiller solutions capture outsized share in hyperscale facilities, while heat pump adoption in commercial buildings accelerates. Operating leverage in the Americas offsets European softness, driving adjusted EPS toward $18.50 by 2027 and supporting our high-end valuation boundary of $376.49.

Americas applied bookings growth sustains above 50% driven by liquid and immersion cooling adoption in AI data centers.
Consolidated revenue growth accelerates over the multi-year forecast horizon with operating margins expanding toward record highs.
Valuation multiple sustains near peak historical forward earnings levels due to market leadership scarcity.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($312.62). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
8.9%	$336	$343	$350	$357	$365
9.4%	$319	$324	$330	$336	$343
9.9%	$303	$308	$313	$318	$323
10.4%	$290	$294	$298	$302	$307
10.9%	$278	$281	$284	$288	$292

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E25.2

P25 n/aP50 n/aP75 n/a

Trailing P/E34.4

P25 n/aP50 n/aP75 n/a

ROE36.6

P25 n/aP50 n/aP75 n/a

ROIC26.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TT indicators

Market & fundamental data

Available fields

290

Groups with data

Currency

USD

Showing 290 of 290 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001466258
Company name	Trane Technologies plc
Country	Ireland
Country code	US
CUSIP number	456866102
Earnings date	2026-10-29
Earnings time	bmo
Employees	44,000
Employees change	-1,000
Employees growth	-2.22%
Enterprise value	$102.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1885
In index	SP500
Industry	Building Products & Equipment
Is primary listing	Yes
Is SPAC	No
ISIN number	IE00BK9ZQ967
Last 10-K release date	2026-02-05
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2005-09-02
Last stock split type	Forward
Market cap	$98.8B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$449.09
Price currency	USD
Sector	Industrials
SIC code	3822
Stock price date	2026-10-28
Symbol	TT
Website	https://www.tranetechnologies.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	32.83x
Average P/E ratio (10Y)	25.06x
Average P/E ratio (3Y)	31.23x
Average P/E ratio (5Y)	28.65x
Earnings yield	2.94%
EV/Earnings	35.58x
EV/EBIT	26.54x
EV/EBITDA	24.35x
EV/FCF	29.58x
EV/Sales	4.72x
FCF / EV yield	3.38%
FCF yield	3.49%
Forward EV/Sales	4.2x
Forward P/E	27.21x
Forward P/S	4.07x
Graham number	107.78941
Graham upside	-76.66%
Industry forward P/E	21.38x
Industry P/E	36.44x
Lynch fair value	$224.25
Lynch upside	-51.45%
P/(FCF - SBC) ratio	29.41x
P/(OCF - SBC) ratio	26.84x
P/B ratio	11.78x
P/E ratio	34.04x
P/FCF ratio	28.65x
P/OCF ratio	26.21x
P/S ratio	4.58x
PEG ratio	1.92x
Price/EBITDA ratio	23.59x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.8%
EBITDA margin	19.4%
Effective tax rate	18.99%
FCF margin	15.97%
Gross margin	35.39%
Operating margin	17.8%
Pretax margin	16.8%
Profit margin	13.28%
Profit per employee	$67,023
Profitable quarters	25
Profitable years	17
Revenue per employee	$504,770
ROA	11%
ROA (5Y)	9.44%
ROCE	25.45%
ROE	36.64%
ROE (5Y)	31.3%
ROIC	26.58%
ROIC (5Y)	22.14%
SBC / revenue	0.41%
Tax / revenue	3.19%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	4.71%
EPS growth (Q)	7.06%
EPS growth (QoQ)	58.95%
EPS growth 10Y	9.28%
EPS growth 3Y	17.64%
EPS growth 5Y	19.03%
EPS growth quarters	1
EPS growth years	5
FCF growth	26.15%
FCF growth (Q)	67.93%
FCF growth (QoQ)	85.05%
FCF growth 3Y	32.6%
FCF growth 5Y	10.59%
Gross profit growth	4.48%
Gross profit growth (Q)	4.59%
Gross profit growth 3Y	13.47%
Gross profit growth 5Y	12.76%
Net income growth	3.26%
Net income growth (Q)	5.82%
Net income growth (QoQ)	58.4%
Net income growth 3Y	16.18%
Net income growth 5Y	17%
Net income growth quarters	1
Net income growth years	5
OCF growth	19.87%
OCF growth (Q)	57.16%
OCF growth (QoQ)	73.7%
OCF growth 10Y	13.33%
OCF growth 3Y	29.07%
OCF growth 5Y	10.93%
Operating income growth	6.19%
Operating income growth (Q)	5.44%
Operating income growth 3Y	15.6%
Operating income growth 5Y	15.09%
Revenue growth	7.04%
Revenue growth (Q)	10.57%
Revenue growth (QoQ)	27.85%
Revenue growth 10Y	5.19%
Revenue growth 3Y	9.72%
Revenue growth 5Y	10.43%
Revenue growth quarters	22
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-330.3M
Depreciation and amortization	$355.4M
EBIT	$4B
EBITDA	$4.3B
EPS	$13.19
FCF per share	$16.12
Financing cash flow	$-2.3B
Free cash flow	$3.5B
Free cash flow minus SBC	$3.5B
Gross profit	$7.9B
Income taxes	$708.8M
Investing cash flow	$-1.1B
Net borrowing	$-3.4M
Net cash flow	$544.1M
Net income	$2.9B
Operating cash flow minus SBC	$3.8B
Operating income	$4B
Revenue	$22.2B
Stock-based compensation	$90.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.89
Book value per share	$39.14
Debt / EBITDA	1.01
Debt / equity	0.53
Debt / FCF	1.3
Goodwill	$7B
Interest coverage	17.98
Long-term assets	$14.9B
Long-term liabilities	$6.9B
Net cash (debt)	$-3.3B
Net cash / market cap	-3.25%
Net debt / EBITDA	0.77
Net debt / equity	0.38
Net debt / FCF	0.93
Piotroski F-Score	4
Property, plant and equipment	$2.4B
Shareholders' equity	$8.6B
Tangible book value	$-1.9B
Tangible book value per share	$-8.75
Total assets	$23.9B
Total cash	$1.3B
Total debt	$4.6B
Total liabilities	$15.3B
WACC	10.32%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.99
Current assets	$9B
Current liabilities	$8.4B
Current ratio	1.07
Inventory turnover	5.77
Net working capital	$-9.3M
Quick ratio	0.74
Working capital	$615.9M
Working capital turnover	33.58

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.48%
Dividend growth	11.7%
Dividend growth (10Y)	11.94%
Dividend growth (3Y)	11.87%
Dividend growth (5Y)	12.22%
Dividend growth years	5
Dividend payment date	2026-12-31
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$4.20
Dividend yield	0.93%
Ex-dividend date	2026-12-04
FCF payout ratio	26.06%
Last dividend	$1.05
Payout ratio	31.84%
Shareholder yield	2.39%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	569.88%
10Y return CAGR	26%
10Y total return	908.51%
150-day SMA	$462.31
15Y price change	1,325.68%
15Y return CAGR	25.23%
15Y total return	2,823.4%
1D price change	-2.6%
1M price change	-1.18%
1M total return	-1.18%
1W price change	-4.74%
1W total return	-4.74%
1Y price change	4.86%
1Y return CAGR	5.85%
1Y total return	5.85%
20-day SMA	$464.20
200-day SMA	$454.56
20Y price change	1,099.17%
20Y return CAGR	17.86%
20Y total return	2,575.57%
3M price change	-7.09%
3M total return	-6.87%
3Y price change	143.16%
3Y return CAGR	35.82%
3Y total return	150.57%
50-day SMA	$451.84
50-day SMA vs 200-day SMA	50under200
52-week high	$505.87
52-week high date	2026-06-25
52-week low	$348.06
52-week low date	2026-01-06
5Y price change	152.5%
5Y return CAGR	21.88%
5Y total return	168.89%
6M price change	-7.58%
6M total return	-7.15%
All-time high	$505.87
All-time high date	2026-06-25
All-time low	$2.18
All-time low date	1970-05-26
Average true range (ATR)	$13.28
Average volume	1.3M
Beta (1Y)	0.93
Beta (2Y)	1.06
Beta (5Y)	1.16
Change from 52-week high	-11.22%
Change from 52-week low	29.03%
Change from all-time high	-11.22%
Change from all-time low	20,472.15%
Change from open	-2.9%
Day's gap	0.31%
Dollar volume	$821M
High price	$464.59
Low price	$449.09
Monthly RSI	56.32
Open price	$462.52
Position in 52-week range	0%
Premarket change	0.39%
Premarket close	$461.07
Premarket price	$462.86
Premarket volume	1.8K
Previous close	$461.07
Price vs 150-day SMA	-2.86%
Price vs 20-day SMA	-3.26%
Price vs 200-day SMA	-1.2%
Price vs 50-day SMA	-0.61%
Relative volume	1.47
RSI	45.18
Sharpe ratio	0.2
Sharpe ratio (3Y)	1.08
Sharpe ratio (5Y)	0.71
Sortino ratio	0.48
Sortino ratio (3Y)	1.84
Sortino ratio (5Y)	1.25
Volume	1.8M
Weekly RSI	48.44
YTD price change	15.39%
YTD total return	16.2%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	219.4M
Float percentage	99.72%
Shares change (QoQ)	-0.27%
Shares change (YoY)	-1.48%
Shares held by insiders	0.16%
Shares held by institutions	89.97%
Shares outstanding	220M
Short % of float	1.72%
Short % of shares	1.71%
Short ratio	3.4 days

Deeper analysis on TT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this TT report

What is the latest published TT stock rating?

Trane Technologies plc is shown with Sell in the latest published report, analyzed 2026-10-22. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full TT analysis?

The full latest published report, analyzed 2026-10-22, lives at /stocks/TT/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for TT?

The latest published report analyzed 2026-10-22 gives TT a fair value of USD 313 and a potential value of USD 376. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the TT page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-22). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellTT · Fair value $313-29.7%

Read full analysis →

Trane Technologies plc (TT)

Our latest published analysis: TT rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · TT

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All TT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TT

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	6.0
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	6.5
Competitive Moat	9.0
Earnings Quality	6.5
Capital Efficiency	7.5