US · USD

TT

Trane Technologies plc

$459.41+1.64% ($7.43)Updated 10/1/26, 4:59 PM

Day's range: $445.00 – $459.33
Day's volume: $245.2M
52-week range: $373.79 – $502.27

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TT in numbers

Market cap: $100.8B

P/E: 34.28

P/B: 11.72

Dividend yield (12m): 0.89%

Net debt/EBITDA: 0.90

The 12-month dividend yield of TT is 0.89%, below its 5-year average of 1.17%.

TT price history

10/02/202510/01/2026

Compare with

TT risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+3.11%	+148.17%	+169.75%
Volatility (annualized)	31.58%	27.25%	27.89%
Largest drawdown	-13.25%	-18.66%	-35.12%
Positive months	5/12	23/36	35/60

How much did investing in TT return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $2,697.72 today.

Value today in TT: $2,697.72

Return over the period: +169.77%

Return per year: +21.96%

In the S&P 500: $1,664.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

TT fundamentals

Valuation

P/E
34.28
P/B
11.72
EV/EBITDA
23.94
EV/EBIT
26.28
EV/Revenue
4.72
P/EBIT
25.30
P/S
4.54
P/OCF
26.00
P/FCF
—
Earnings yield
3.80%
PEG ratio
—
Earnings per share
$13.40
Book value per share
$39.19

Debt

Net debt
$3.9B
Net debt/EBITDA
0.90
Net debt/Equity
0.46
Debt/Equity
0.46
Current ratio
1.07
Quick ratio
0.76
Cash ratio
—

Efficiency

Gross margin
—
EBITDA margin
19.70%
Operating margin
17.94%
Net margin
13.28%
Asset turnover
0.93

Profitability

ROE
34.20%
ROA
12.33%
ROIC
20.96%
Payout
30.52%

Growth

Revenue CAGR (5 years)
10.43%
Earnings CAGR (5 years)
17.00%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is TT's fair price?

Two classic value formulas, with today's numbers. The current price is $459.41.

Graham's fair price: $108.71; 76.34% below the price

√(22.50 × $13.40 × $39.19)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $50.53; 89.00% below the price

$3.03 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

TT's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	29.51	32.26	27.36	21.92	33.15	40.48	22.46	16.52
P/B	10.04	11.11	7.92	6.32	7.54	5.40	4.36	3.15
EV/EBITDA	20.33	22.06	17.97	14.98	21.32	19.60	17.09	13.32
Dividend yield	0.97%	0.91%	1.23%	1.59%	1.17%	1.46%	1.59%	2.15%
Earnings per share	$13.19	$11.45	$8.91	$7.67	$6.09	$3.59	$5.92	$5.52
Book value per share	$38.76	$33.25	$30.81	$26.58	$26.79	$26.87	$30.48	$29.00
ROE	34.02%	34.43%	28.93%	28.85%	22.75%	13.34%	19.41%	19.05%
ROIC	29.86%	27.71%	23.61%	23.11%	19.17%	15.49%	12.69%	12.44%
Gross margin	—	—	—	—	—	30.54%	30.52%	30.47%
EBITDA margin	20.37%	19.56%	18.34%	17.15%	16.43%	14.67%	15.81%	15.18%
Net margin	13.69%	12.94%	11.45%	10.98%	10.07%	6.86%	10.79%	10.84%
Net debt/EBITDA	0.50	0.70	0.89	0.94	1.00	0.66	1.76	1.53

TT's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$21.3B	$19.8B	$17.7B	$16B	$14.1B	$12.5B
Cost of revenue	—	—	—	—	—	-$8.7B
Gross profit	—	—	—	—	—	$3.8B
EBITDA	$4.3B	$3.9B	$3.2B	$2.7B	$2.3B	$1.8B
EBIT	$4B	$3.5B	$2.9B	$2.4B	$2B	$1.5B
Financial result	-$62.1M	-$19.9M	-$92.2M	-$23.3M	$1.1M	$4.1M
Income before tax	$3.7B	$3.2B	$2.6B	$2.2B	$1.8B	$1.3B
Income tax	-$705.9M	-$627.6M	-$498.4M	-$375.9M	-$333.5M	-$296.8M
Net income	$2.9B	$2.6B	$2B	$1.8B	$1.4B	$854.9M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does TT pay dividends?

Dividend yield per year

1.91%2017
2.15%2018
1.59%2019
1.46%2020
1.17%2021
1.59%2022
1.23%2023
0.91%2024
0.97%2025
0.69%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	09/03/2026	09/30/2026	$1.05
Dividend	06/04/2026	06/30/2026	$1.05
Dividend	03/05/2026	03/31/2026	$1.05
Dividend	12/04/2025	12/31/2025	$0.94
Dividend	09/04/2025	09/30/2025	$0.94
Dividend	06/05/2025	06/30/2025	$0.94
Dividend	03/06/2025	03/31/2025	$0.94
Dividend	12/05/2024	12/31/2024	$0.84
Dividend	09/05/2024	09/30/2024	$0.84
Dividend	06/06/2024	06/28/2024	$0.84
Dividend	02/28/2024	03/29/2024	$0.84
Dividend	11/29/2023	12/29/2023	$0.75

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/30/2023	09/29/2023	$0.75
Dividend	05/31/2023	06/30/2023	$0.75
Dividend	03/01/2023	03/31/2023	$0.75
Dividend	11/30/2022	12/30/2022	$0.67
Dividend	08/31/2022	09/30/2022	$0.67
Dividend	06/01/2022	06/30/2022	$0.67
Dividend	03/02/2022	03/31/2022	$0.67
Dividend	12/01/2021	12/31/2021	$0.59
Dividend	09/01/2021	09/30/2021	$0.59
Dividend	06/02/2021	06/30/2021	$0.59
Dividend	03/03/2021	03/31/2021	$0.59
Dividend	12/02/2020	12/31/2020	$0.53
Dividend	09/02/2020	09/30/2020	$0.53
Dividend	06/03/2020	06/30/2020	$0.53
Dividend	03/11/2020	03/31/2020	$0.53
Dividend	12/04/2019	12/31/2019	$0.41
Dividend	09/04/2019	09/30/2019	$0.41
Dividend	06/05/2019	06/28/2019	$0.41
Dividend	03/06/2019	03/29/2019	$0.41
Dividend	12/05/2018	12/31/2018	$0.41
Dividend	09/05/2018	09/28/2018	$0.41
Dividend	06/06/2018	06/29/2018	$0.35
Dividend	03/07/2018	03/30/2018	$0.35
Dividend	12/06/2017	12/29/2017	$0.35
Dividend	09/06/2017	09/29/2017	$0.35
Dividend	06/06/2017	06/30/2017	$0.31
Dividend	03/07/2017	03/31/2017	$0.31
Dividend	12/06/2016	12/30/2016	$0.31

About Trane Technologies

Sector: Manufacturing

Questions about TT

How much is TT today?

TT is at $459.41 (1.64% on the day), last traded on 10/01/2026.

How much did TT pay in dividends in 2025?

TT paid $3.76 per share in 2025, a dividend yield of 0.97%.

What are the P/E and P/B of TT?

TT trades at a P/E of 34.28 and a P/B of 11.72.

How much did TT return in 12 months?

TT returned 3.11% in 12 months, with annualized volatility of 31.58% and a largest drawdown of -13.25%.