Trane Technologies (TT) Price to Earnings (2009 - 2026)
Trane Technologies' Price to Earnings was 36.65 in Q2 2026, up 7.5% from 34.08 a year earlier and up 15.3% from the prior quarter.
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Analysis
Trane Technologies (TT) Price to Earnings (2009 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Trane Technologies came in at 29.51, down 17.6% from FY2024.
- In earlier years, Price to Earnings was 35.81 in FY2024 (+18.1%), 30.33 in FY2023 (+25.1%), 24.24 in FY2022 (-26.9%) and 33.15 in FY2021 (-18.1%).
- The Q2 2026 figure marks the highest quarterly Price to Earnings since Q4 2020.
- Compared with a year earlier, Price to Earnings was higher in five of the last eight quarters, with growth averaging 7.2%.
- The best year-over-year quarter for Price to Earnings over five years was Q3 2024 (growth of 50.4%); the worst was Q2 2022 (a decline of 38.0%).
- Per Business Quant data, TT's Price to Earnings in the three quarters before Q2 2026 was 31.79 (Q1 2026), 29.51 (Q4 2025) and 31.92 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Trane Technologies | 102.06 Bn | 96.80 Bn | 2.26 Bn |
| 2 | Johnson Controls International | 94.64 Bn | 92.40 Bn | 2.47 Bn |
| 3 | Comfort Systems Usa | 60.88 Bn | 56.13 Bn | 844.23 Mn |
| 4 | Carrier Global | 45.43 Bn | 40.06 Bn | 1.94 Bn |
| 5 | Otis Worldwide | 24.39 Bn | 20.99 Bn | 1.14 Bn |
| 6 | James Hardie Industries | 14.50 Bn | 13.23 Bn | 548.70 Mn |
| 7 | Masco | 13.48 Bn | 11.58 Bn | 868.00 Mn |
| 8 | Allegion | 13.12 Bn | 11.83 Bn | 517.50 Mn |
| 9 | Carlisle Companies | 13.11 Bn | 9.46 Bn | 568.40 Mn |
| 10 | Lennox International | 12.31 Bn | 12.11 Bn | 539.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.65 |
| Mar 31, 2026 | 31.79 |
| Dec 31, 2025 | 29.51 |
| Sep 30, 2025 | 31.92 |
| Jun 30, 2025 | 34.08 |
| Mar 31, 2025 | 27.46 |
| Dec 31, 2024 | 35.81 |
| Sep 30, 2024 | 35.44 |
| Jun 30, 2024 | 31.97 |
| Mar 31, 2024 | 31.56 |
| Dec 31, 2023 | 30.33 |
| Sep 30, 2023 | 23.57 |
| Jun 30, 2023 | 23.23 |
| Mar 31, 2023 | 23.27 |
| Dec 31, 2022 | 24.24 |
| Sep 30, 2022 | 20.40 |
| Jun 30, 2022 | 20.16 |
| Mar 31, 2022 | 24.66 |
| Dec 31, 2021 | 33.15 |
| Sep 30, 2021 | 30.37 |
API Access
Trane Technologies Price to Earnings 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-earnings&ticker=TT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=TT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();