The PE ratio for Trane Technologies stock stands at 34.41 as of Apr 26, 2024. This is calculated based on the TTM EPS of $8.85 and the stock price of $304.53 per share. An increase of 40% has been observed in the PE ratio compared to its average of 24.6 of the last four quarters.
Over the last ten years, the average PE ratio of Trane Technologies has been 22.41. The current 34.41 P/E ratio is 54% higher than the historical average. Looking back at the last ten years, TT's PE ratio peaked in the Dec 2020 quarter at 40.78, with a price of $145.16 and an EPS of $3.56. The Jun 2016 quarter marked the lowest point at 11.62, with a price of $63.68 and an EPS of $5.48.
Maximum annual increase: 79.17% in 2020
Maximum annual decrease: -40.26% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 27.56 | 23.81% |
| 2022 | 22.26 | -34.34% |
| 2021 | 33.9 | -16.87% |
| 2020 | 40.78 | 79.17% |
| 2019 | 22.76 | 34.99% |
| 2018 | 16.86 | -3.38% |
| 2017 | 17.45 | 32.6% |
| 2016 | 13.16 | -40.26% |
| 2015 | 22.03 | 19.53% |
| 2014 | 18.43 | -36.86% |
TT's current PE ratio is higher than the 3, 5 and 10-year averages.
TT's PE ratio stands higher than its peer stocks JCI and LII.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JCI Johnson Controls International plc | 21.14 | $44.37B |
| LII Lennox International Inc | 27.51 | $17B |
| TT Trane Technologies plc | 34.41 | $69.15B |
The price to earnings ratio for TT stock is 34.41 as of Apr 26, 2024.
The 3-year average price to earnings ratio for TT stock is 25.83.
The 5-year average price to earnings ratio for TT stock is 26.2.
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 40.78.
The current PE ratio of TT is 54% higher than the 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Apr 26, 2024), Trane Technologies's share price is $304.53. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $8.85. Therefore, Trane Technologies's PE ratio for today is 34.41. PE RATIO(34.41) = STOCK PRICE($304.53) / TTM EPS($8.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.