Trane Technologies
TT
#446
Rank
$40.77 B
Marketcap
$177.03
Share price
0.85%
Change (1 day)
4.63%
Change (1 year)

P/E ratio for Trane Technologies (TT)

P/E ratio as of January 2023 (TTM): 25.2

According to Trane Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.2204. At the end of 2021 the company had a P/E ratio of 33.8.

P/E ratio history for Trane Technologies from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202133.8-16.7%
202040.6130.87%
201917.635.11%
201813.0-3.21%
201713.531.2%
201610.3-40.15%
201517.120.95%
201414.2-37.06%
201322.5156.45%
20128.78

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
97.0 284.72%๐Ÿ‡บ๐Ÿ‡ธ USA
25.2 0.00%๐Ÿ‡ฎ๐Ÿ‡ช Ireland

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.