Trane Technologies (TT) Price to Book (2009 - 2026)
Trane Technologies' (TT) Price to Book stood at 12.50 in Q2 2026, up 0.9% from 12.39 a year earlier and up 16.9% from the prior quarter.
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Analysis
Trane Technologies (TT) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Trane Technologies' Price to Book came in at 10.02, down 18.5% from FY2024.
- Across earlier years, Price to Book came in at 12.28 in FY2024 (+40.4%), 8.75 in FY2023 (+25.4%), 6.97 in FY2022 (-7.3%) and 7.52 in FY2021 (+39.7%).
- The Q2 2026 figure is the highest quarterly Price to Book in data going back to Q2 2009.
- On a year-over-year basis, Price to Book rose in six of the last eight quarters, with growth averaging 14.0%.
- Peak year-over-year performance for Price to Book in the last five years was growth of 66.7% in Q3 2024, against a decline of 24.1% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 10.70 (Q1 2026), 10.02 (Q4 2025) and 11.21 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn |
| 2 | Johnson Controls International | 90.06 Bn | 87.82 Bn | 2.47 Bn |
| 3 | Comfort Systems Usa | 58.26 Bn | 53.51 Bn | 844.23 Mn |
| 4 | Carrier Global | 45.22 Bn | 39.85 Bn | 1.94 Bn |
| 5 | Otis Worldwide | 24.48 Bn | 21.09 Bn | 1.14 Bn |
| 6 | James Hardie Industries | 14.69 Bn | 13.43 Bn | 548.70 Mn |
| 7 | Masco | 13.29 Bn | 11.40 Bn | 868.00 Mn |
| 8 | Allegion | 13.08 Bn | 11.79 Bn | 517.50 Mn |
| 9 | Carlisle Companies | 12.82 Bn | 9.17 Bn | 568.40 Mn |
| 10 | Lennox International | 12.27 Bn | 12.07 Bn | 539.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.50 |
| Mar 31, 2026 | 10.70 |
| Dec 31, 2025 | 10.02 |
| Sep 30, 2025 | 11.21 |
| Jun 30, 2025 | 12.39 |
| Mar 31, 2025 | 10.00 |
| Dec 31, 2024 | 12.28 |
| Sep 30, 2024 | 11.49 |
| Jun 30, 2024 | 10.65 |
| Mar 31, 2024 | 9.83 |
| Dec 31, 2023 | 8.75 |
| Sep 30, 2023 | 6.89 |
| Jun 30, 2023 | 6.96 |
| Mar 31, 2023 | 6.93 |
| Dec 31, 2022 | 6.97 |
| Sep 30, 2022 | 5.68 |
| Jun 30, 2022 | 5.24 |
| Mar 31, 2022 | 5.94 |
| Dec 31, 2021 | 7.52 |
| Sep 30, 2021 | 6.32 |
API Access
Trane Technologies Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "TT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();