Trane Technologies plc (TT) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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TT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Trane Technologies plc (TT) trades at a price-to-earnings ratio of 36.8x, with a stock price of $477.45 and trailing twelve-month earnings per share of $12.99.
The current P/E is 27% above its 5-year average of 28.9x. Over the past five years, TT's P/E has ranged from a low of 20.7x to a high of 36.1x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.7x, TT trades at a 43% premium to its sector peers. The sector includes 416 companies with P/E ratios ranging from 0.0x to 183.1x.
The PEG ratio of 1.23 (P/E divided by 15% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, TT commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $54B | 37.8 | - | -72% | |
| $89B | 55.1 | 2.15 | +4% | |
| $18B | 23.5Lowest | 1.22Best | -1% | |
| $8B | 72.6 | 13.36 | -36% | |
| $12B | 24.8 | - | -11% | |
| $78B | 34.3 | 7.59 | +18% | |
| $132B | 28.4 | 15.47 | -15% | |
| $49B | 56.8 | - | -7% | |
| $54B | 36.7 | 3.28 | +8% | |
| $20B | 78.9 | 9.01 | +20%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
TT Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $416.74 | $12.93 | 32.2x | +98% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $389.20 | $12.98 | 30.0x | +84% |
| FY2025 Q3 | $421.96 | $13.00 | 32.5x | +99% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $437.41 | $12.61 | 34.7x | +113% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $336.92 | $12.02 | 28.0x | +72% |
| FY2024 Q4 | $369.35 | $11.25 | 32.8x | +101% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $388.73 | $10.78 | 36.1x | +121% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $328.93 | $10.11 | 32.5x | +100% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $300.20 | $9.36 | 32.1x | +97% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $243.90 | $8.79 | 27.7x | +70% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $202.91 | $8.49 | 23.9x | +47% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $191.26 | $8.11 | 23.6x | +45% |
Average P/E for displayed period: 16.3x
Full TT Stock Analysis
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Start ComparisonTT — Frequently Asked Questions
Quick answers to the most common questions about buying TT stock.
Is TT stock overvalued or undervalued?
TT trades at 36.8x P/E, above its 5-year average of 28.9x. The 100th percentile ranking indicates a premium to historical valuation.
How does TT's valuation compare to peers?
Trane Technologies plc P/E of 36.8x compares to sector median of 25.7x. The premium reflects expected growth above peers.
What is TT's PEG ratio?
TT PEG ratio is 1.23. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2026.