TT Trane Technologies PE ratio, current and historical analysis
The PE ratio for Trane Technologies stock stands at 38.18 as of Nov 21, 2024. This is calculated based on the TTM EPS of $10.88 and the stock price of $415.39 per share. An increase of 20% has been observed in the PE ratio compared to its average of 31.8 of the last four quarters.
TT PE ratio history
Over the last ten years, the average PE ratio of Trane Technologies has been 23.1. The current 38.18 P/E ratio is 65% 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.
Trane Technologies PE ratio by year
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 average PE ratio chart
TT's current PE ratio is higher than the 3, 5 and 10-year averages.
TT PE vs peers
TT's PE ratio stands higher than its peer stocks JCI and LII.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LII Lennox International Inc | 30.73 | $23.18B |
| JCI Johnson Controls International plc | 33.2 | $55.62B |
| TT Trane Technologies plc | 38.18 | $93.47B |
Frequently asked questions
What is Trane Technologies's PE ratio?
The price to earnings ratio for TT stock is 38.18 as of Nov 21, 2024.
What is the 3-year average PE ratio for Trane Technologies (TT)?
The 3-year average price to earnings ratio for TT stock is 26.71.
What is the 5-year average PE ratio for Trane Technologies (TT)?
The 5-year average price to earnings ratio for TT stock is 27.7.
What is the highest PE ratio for TT?
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 40.78.
How does the current PE ratio for TT compare to its historical average?
The current PE ratio of TT is 65% higher than the 10-year historical average.
How is TT's PE ratio calculated (Trane Technologies PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Nov 21, 2024), Trane Technologies's share price is $415.39. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $10.88. Therefore, Trane Technologies's PE ratio for today is 38.18. PE RATIO(38.18) = STOCK PRICE($415.39) / TTM EPS($10.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.