P/E ratio for Trane Technologies (TT)
P/E ratio as of April 2024 (TTM): 33.9
According to Trane Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.9064. At the end of 2022 the company had a P/E ratio of 22.2.
P/E ratio history for Trane Technologies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 22.2 | -34.36% |
| 2021 | 33.8 | -16.7% |
| 2020 | 40.6 | 130.87% |
| 2019 | 17.6 | 35.11% |
| 2018 | 13.0 | -3.21% |
| 2017 | 13.5 | 31.2% |
| 2016 | 10.3 | -40.15% |
| 2015 | 17.1 | 20.95% |
| 2014 | 14.2 | -37.06% |
| 2013 | 22.5 | 156.45% |
| 2012 | 8.78 | -50.56% |
| 2011 | 17.8 | 20.45% |
| 2010 | 14.7 | -6.17% |
| 2009 | 15.7 | -1375.41% |
| 2008 | -1.23 | -158.21% |
| 2007 | 2.12 | -71.82% |
| 2006 | 7.51 | -6.37% |
| 2005 | 8.02 | 13.44% |
| 2004 | 7.07 | -36.82% |
| 2003 | 11.2 | 14.88% |
| 2002 | 9.74 | -43.62% |
| 2001 | 17.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 SPX Corporation SPXC | 98.1 | 189.20% | 🇺🇸 USA |
 Trane Technologies
TT | 33.9 | 0.00% | 🇮🇪 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.