Trane Technologies (TT) - P/B ratio

P/B ratio as of November 2024 : 11.7

According to Trane Technologies 's latest financial reports the company has a price-to-book ratio of 4.59514.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Trane Technologies - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	7.91	24.74%
2022-12-31	6.34	-17.11%
2021-12-31	7.65	41.06%
2020-12-31	5.42	25.2%
2019-12-31	4.33	38.67%
2018-12-31	3.12	1.02%
2017-12-31	3.09	7.17%
2016-12-31	2.89	17.44%
2015-12-31	2.46	-10.87%
2014-12-31	2.76	12.89%
2013-12-31	2.44	24.53%
2012-12-31	1.96	44.63%
2011-12-31	1.36	-29.3%
2010-12-31	1.92	20.09%
2009-12-31	1.60	95.24%
2008-12-31	0.8179	-48.28%
2007-12-31	1.58	-27.79%
2006-12-31	2.19	-5.52%
2005-12-31	2.32	-5.13%
2004-12-31	2.44	-7.51%
2003-12-31	2.64	30.26%
2002-12-31	2.03

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
SPX Corporation SPXC	5.68	-51.48%	🇺🇸 USA
Trane Technologies TT	11.7	0.00%	🇮🇪 Ireland

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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