Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Trane Technologies plc, historical price multiples (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 22.48 23.88 22.65 23.42 22.80 25.75 31.37 35.38 38.18 40.64 33.87 27.41 16.63 24.50 22.38 20.00 20.77 18.78
Price to operating profit (P/OP) 16.30 17.34 16.29 16.51 16.04 18.12 21.44 24.29 24.68 22.67 19.55 16.26 10.60 17.13 15.03 14.23 14.77 13.10
Price to sales (P/S) 2.49 2.62 2.39 2.36 2.28 2.59 3.08 3.52 3.33 2.79 2.29 1.85 1.25 2.08 1.87 1.78 1.86 1.60
Price to book value (P/BV) 6.72 6.89 6.32 6.11 5.51 5.86 6.54 7.37 6.79 5.42 4.82 4.45 3.40 4.76 4.23 4.00 4.27 3.58 3.11 3.47 2.98

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Trane Technologies plc P/E ratio increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Trane Technologies plc P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Trane Technologies plc P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Trane Technologies plc P/BV ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.

Price to Earnings (P/E)

Trane Technologies plc, historical P/E calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 228,051,842 229,074,725 230,307,296 231,717,363 233,860,393 233,538,091 237,540,178 237,608,703 239,147,507 238,428,700 240,124,921 239,354,158 239,207,928 238,401,033 239,596,850 241,576,691 241,158,226 242,168,631 245,656,287 245,309,566 247,965,196
Selected Financial Data (US$)
Net earnings (loss) attributable to Trane Technologies plc (in thousands) 307,100 439,100 547,900 509,300 260,200 317,800 405,700 464,700 235,200 244,700 400,600 238,800 (29,200) 296,100 458,800 456,100 199,900 254,000 515,100 448,100 120,400
Earnings per share (EPS)2 7.91 7.67 7.10 6.44 6.19 6.09 5.68 5.66 4.68 3.59 3.77 4.03 4.94 5.92 5.71 5.90 5.88 5.52 0.00 0.00 0.00
Share price1, 3 177.74 183.14 160.81 150.91 141.21 156.97 178.33 200.28 178.72 145.71 127.84 110.47 82.16 144.97 127.87 118.00 122.05 103.75 92.57 96.12 85.16
Valuation Ratio
P/E ratio4 22.48 23.88 22.65 23.42 22.80 25.75 31.37 35.38 38.18 40.64 33.87 27.41 16.63 24.50 22.38 20.00 20.77 18.78
Benchmarks
P/E Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 15.65 19.15 15.15 14.29 18.28 16.82 21.38 25.50 37.92 36.80 25.43 17.65 11.00 12.36
Eaton Corp. plc 26.89 27.93 26.32 25.21 26.37 27.77 33.08 34.43 40.32 37.46 31.97 25.14 15.70 18.06
GE Aerospace 12.78 19.67 19.55
Honeywell International Inc. 25.30 26.97 24.58 25.26 25.10 23.14 27.35 31.83 33.71 29.63 23.23 17.93 15.27 20.97
Lockheed Martin Corp. 22.32 20.48 19.28 22.00 19.45 16.70 15.11 14.27 15.48 13.44 15.79 16.26 17.09 19.87
RTX Corp. 26.67 27.59 29.12 29.83 35.16 36.79 40.28 60.91 12.02 24.41

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
EPS = (Net earnings (loss) attributable to Trane Technologies plcQ1 2023 + Net earnings (loss) attributable to Trane Technologies plcQ4 2022 + Net earnings (loss) attributable to Trane Technologies plcQ3 2022 + Net earnings (loss) attributable to Trane Technologies plcQ2 2022) ÷ No. shares of common stock outstanding
= (307,100,000 + 439,100,000 + 547,900,000 + 509,300,000) ÷ 228,051,842 = 7.91

3 Closing price as at the filing date of Trane Technologies plc Quarterly or Annual Report.

4 Q1 2023 Calculation
P/E ratio = Share price ÷ EPS
= 177.74 ÷ 7.91 = 22.48

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Trane Technologies plc P/E ratio increased from Q3 2022 to Q4 2022 but then decreased significantly from Q4 2022 to Q1 2023.

Price to Operating Profit (P/OP)

Trane Technologies plc, historical P/OP calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 228,051,842 229,074,725 230,307,296 231,717,363 233,860,393 233,538,091 237,540,178 237,608,703 239,147,507 238,428,700 240,124,921 239,354,158 239,207,928 238,401,033 239,596,850 241,576,691 241,158,226 242,168,631 245,656,287 245,309,566 247,965,196
Selected Financial Data (US$)
Operating income (in thousands) 456,800 580,600 739,500 710,600 388,200 435,700 583,400 651,000 353,200 388,000 566,900 423,500 154,400 425,400 623,200 650,500 318,500 446,700 587,000 640,300 243,400
Operating profit per share2 10.91 10.56 9.87 9.14 8.80 8.66 8.32 8.25 7.24 6.43 6.54 6.80 7.75 8.46 8.51 8.29 8.26 7.92 0.00 0.00 0.00
Share price1, 3 177.74 183.14 160.81 150.91 141.21 156.97 178.33 200.28 178.72 145.71 127.84 110.47 82.16 144.97 127.87 118.00 122.05 103.75 92.57 96.12 85.16
Valuation Ratio
P/OP ratio4 16.30 17.34 16.29 16.51 16.04 18.12 21.44 24.29 24.68 22.67 19.55 16.26 10.60 17.13 15.03 14.23 14.77 13.10
Benchmarks
P/OP Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 12.67 16.25 14.25 13.65 17.16 15.87 16.57 18.76 26.25 24.23 16.79 12.06 7.79 9.08
Eaton Corp. plc 21.74 22.78 21.52 18.06 18.52 19.33 22.62 27.06 30.03 25.83 21.15 17.02 11.54 13.95
GE Aerospace 20.39 19.88 15.70 13.51 17.08 17.46 20.90 23.40 35.58 25.64 11.62 7.77 5.53 9.22
Honeywell International Inc. 19.31 20.84 21.54 21.51 22.09 20.68 23.54 25.98 28.28 24.86 20.25 17.03 13.96 18.81
Lockheed Martin Corp. 15.02 14.06 13.30 11.97 13.61 11.56 10.22 11.57 12.37 10.63 12.14 12.39 12.72 14.49
RTX Corp. 24.68 26.48 24.82 26.15 29.36 28.68 35.30 46.33 48.47 6.01 15.07

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Operating profit per share = (Operating incomeQ1 2023 + Operating incomeQ4 2022 + Operating incomeQ3 2022 + Operating incomeQ2 2022) ÷ No. shares of common stock outstanding
= (456,800,000 + 580,600,000 + 739,500,000 + 710,600,000) ÷ 228,051,842 = 10.91

3 Closing price as at the filing date of Trane Technologies plc Quarterly or Annual Report.

4 Q1 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 177.74 ÷ 10.91 = 16.30

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Trane Technologies plc P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.

Price to Sales (P/S)

Trane Technologies plc, historical P/S calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 228,051,842 229,074,725 230,307,296 231,717,363 233,860,393 233,538,091 237,540,178 237,608,703 239,147,507 238,428,700 240,124,921 239,354,158 239,207,928 238,401,033 239,596,850 241,576,691 241,158,226 242,168,631 245,656,287 245,309,566 247,965,196
Selected Financial Data (US$)
Net revenues (in thousands) 3,665,800 4,073,900 4,371,900 4,190,400 3,355,500 3,569,300 3,719,800 3,829,700 3,017,600 3,179,100 3,495,500 3,138,800 2,641,300 4,150,900 4,344,300 4,527,800 3,575,900 3,895,100 4,030,900 4,357,700 3,384,500
Sales per share2 71.48 69.81 67.25 64.02 61.89 60.53 57.87 56.91 53.65 52.24 55.91 59.64 65.48 69.63 68.21 66.35 65.76 64.70 0.00 0.00 0.00
Share price1, 3 177.74 183.14 160.81 150.91 141.21 156.97 178.33 200.28 178.72 145.71 127.84 110.47 82.16 144.97 127.87 118.00 122.05 103.75 92.57 96.12 85.16
Valuation Ratio
P/S ratio4 2.49 2.62 2.39 2.36 2.28 2.59 3.08 3.52 3.33 2.79 2.29 1.85 1.25 2.08 1.87 1.78 1.86 1.60
Benchmarks
P/S Ratio, Competitors5
Boeing Co. 1.73 1.90 1.30 1.53 1.50 1.87 1.93 2.20 2.44 1.96 1.38 1.41 1.11 2.34
Caterpillar Inc. 1.89 2.27 2.08 1.88 2.38 2.26 2.41 2.59 3.23 2.83 2.06 1.68 1.22 1.48
Eaton Corp. plc 3.23 3.31 2.99 2.95 2.96 3.03 3.51 3.39 3.25 2.96 2.41 2.02 1.60 1.87
GE Aerospace 1.51 1.20 1.11 1.10 1.25 1.50 1.64 1.60 1.68 1.41 0.84 0.71 0.67 1.18
Honeywell International Inc. 3.68 3.78 3.78 3.72 3.84 3.73 4.32 4.66 4.78 4.34 3.48 3.04 2.65 3.51
Lockheed Martin Corp. 1.92 1.78 1.75 1.61 1.84 1.57 1.38 1.53 1.63 1.40 1.61 1.67 1.75 2.07
RTX Corp. 2.15 2.14 1.97 2.04 2.27 2.21 2.09 2.14 2.07 1.95 1.44 1.41 0.71 1.75

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Sales per share = (Net revenuesQ1 2023 + Net revenuesQ4 2022 + Net revenuesQ3 2022 + Net revenuesQ2 2022) ÷ No. shares of common stock outstanding
= (3,665,800,000 + 4,073,900,000 + 4,371,900,000 + 4,190,400,000) ÷ 228,051,842 = 71.48

3 Closing price as at the filing date of Trane Technologies plc Quarterly or Annual Report.

4 Q1 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 177.74 ÷ 71.48 = 2.49

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Trane Technologies plc P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023 not reaching Q3 2022 level.

Price to Book Value (P/BV)

Trane Technologies plc, historical P/BV calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 228,051,842 229,074,725 230,307,296 231,717,363 233,860,393 233,538,091 237,540,178 237,608,703 239,147,507 238,428,700 240,124,921 239,354,158 239,207,928 238,401,033 239,596,850 241,576,691 241,158,226 242,168,631 245,656,287 245,309,566 247,965,196
Selected Financial Data (US$)
Total Trane Technologies plc shareholders’ equity (in thousands) 6,036,100 6,088,600 5,858,300 5,723,500 5,998,600 6,255,900 6,475,100 6,457,300 6,296,700 6,407,700 6,366,700 5,936,900 5,772,600 7,267,600 7,237,600 7,130,500 6,885,800 7,022,700 7,308,100 6,787,100 7,080,700
Book value per share (BVPS)2 26.47 26.58 25.44 24.70 25.65 26.79 27.26 27.18 26.33 26.87 26.51 24.80 24.13 30.48 30.21 29.52 28.55 29.00 29.75 27.67 28.56
Share price1, 3 177.74 183.14 160.81 150.91 141.21 156.97 178.33 200.28 178.72 145.71 127.84 110.47 82.16 144.97 127.87 118.00 122.05 103.75 92.57 96.12 85.16
Valuation Ratio
P/BV ratio4 6.72 6.89 6.32 6.11 5.51 5.86 6.54 7.37 6.79 5.42 4.82 4.45 3.40 4.76 4.23 4.00 4.27 3.58 3.11 3.47 2.98
Benchmarks
P/BV Ratio, Competitors5
Boeing Co. 1,689.96
Caterpillar Inc. 6.13 8.09 7.16 6.14 6.96 6.62 6.61 6.65 7.86 7.20 5.64 5.32 4.11 5.16 5.09 4.81 5.06
Eaton Corp. plc 3.96 4.04 3.75 3.56 3.52 3.63 4.28 4.21 3.84 3.54 3.06 2.73 2.34 2.48 2.32 2.14 2.16
GE Aerospace 3.39 2.43 2.53 2.26 2.27 2.64 3.15 3.43 3.53 2.89 1.95 1.71 1.63 3.66 3.16 2.55 2.52
Honeywell International Inc. 7.81 8.02 7.46 7.31 7.17 6.91 8.39 8.83 8.67 8.07 6.40 5.78 5.46 6.97 6.61 7.00 6.56
Lockheed Martin Corp. 13.16 12.67 9.46 9.05 12.08 9.62 9.50 15.63 17.05 15.27 20.84 27.96 30.96 39.60 26.86 35.45 37.84
RTX Corp. 2.03 1.97 1.85 1.89 2.04 1.95 1.87 1.87 1.75 1.53 1.26 1.35 1.25 3.24 3.05 2.87 3.05

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
BVPS = Total Trane Technologies plc shareholders’ equity ÷ No. shares of common stock outstanding
= 6,036,100,000 ÷ 228,051,842 = 26.47

3 Closing price as at the filing date of Trane Technologies plc Quarterly or Annual Report.

4 Q1 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 177.74 ÷ 26.47 = 6.72

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Trane Technologies plc P/BV ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.