Valuation: Trane Technologies plc

Market Cap 101B 89.75B 83.66B 76.26B 144B 9,724B 145B 1,014B 393B 4,959B 379B 371B 15,937B P/E 2026 *
30.7x
P/E 2027 * 26.3x
Enterprise Value 104B 92.08B 85.82B 78.23B 148B 9,976B 149B 1,040B 403B 5,087B 389B 380B 16,350B EV / Sales 2026 *
4.36x
EV / Sales 2027 * 3.93x
Free-Float
90.1%
Yield 2026 *
0.88%
Yield 2027 * 0.96%
10-01 Trane Technologies Introduces Trane 20 Trucomfort Cold Climate Heat Pump with Weatherguard and American Standard Accucomfort Platinum 20 Cold Climate Heat Pump with All Weather CI
09-30 Trane Technologies Demonstrates Industry-First 800-Volt Direct Current Chiller For Next-Generation AI Data Centers CI
09-30 Trane Technologies Demonstrates New Proof-of-Concept 800-Volt DC Chiller for Data Center Operations MT
09-30 Deutsche Bank Adjusts Trane Technologies PT to $499 From $515, Maintains Hold Rating MT
09-29 Trane Technologies Launches LiquidStack CDU 2.X Platform For Faster, More Flexible AI Cooling Deployments CI
09-28 Trane Technologies Expands Data Center Thermal Management System Portfolio with Two New 250-Megawatt High-Density Ai Factory Reference Designs Based on Nvidia DSX Ai Factory Platform CI
09-15 Trane Technologies plc Presents at Morgan Stanley's 14th Annual Laguna Conference, Sep-15-2026 10:45 AM
08-17 Trane Technologies, Eaton Develop AI Data Center Design MT
08-17 Trane Technologies and Eaton Collaborate on Industry-First Reference Design to Help Boost Ai Data Center Efficiency and Cut Installation Costs CI
08-14 Bernstein Adjusts Price Target on Trane Technologies to $575 From $555, Maintains Outperform Rating MT
07-31 RBC Trims Price Target on Trane Technologies to $496 From $501, Keeps Sector Perform Rating MT
07-31 Deutsche Bank Adjusts Trane Technologies Price Target to $515 From $523, Maintains Hold Rating MT
07-31 Citigroup Adjusts PT on Trane Technologies to $566 From $570, Maintains Buy Rating MT
1 week+3.43%
Current month+3.20%
1 month+8.87%
3 months-0.94%
6 months+11.66%
Current year+24.02%
1 week 394
Extreme 394
412.6
1 month 360.1
Extreme 360.1
412.6
3 years 173.5
Extreme 173.5
443.6
5 years 113.98
Extreme 113.98
443.6
10 years 30.2
Extreme 30.2
443.6
Manager TitleAgeSince
Chief Executive Officer 63 30/06/2021
Director of Finance/CFO 53 29/02/2020
Chief Tech/Sci/R&D Officer 57 04/01/2025
Director TitleAgeSince
Director/Board Member 74 31/12/2000
Director/Board Member 71 31/12/2012
Director/Board Member 72 02/02/2015
Change 5-day change 1-year change 3-year change Capi.($)
+0.88%+5.90%+14.26%+118.54% 101B
+1.54%+0.47%+19.29%+103.52% 235B
+1.50%-0.81%-27.58%+43.38% 203B
+3.55%+4.55%+23.75%+93.02% 185B
-0.27%-0.88%+16.66%+104.48% 170B
-1.05%-1.31%+116.42%+480.89% 155B
+1.08%+5.79%+9.05%+128.63% 101B
-0.76%+2.35%+55.36%+215.41% 97.45B
+2.46%+2.80%+56.06%+577.90% 94.75B
+2.95%+7.48%+43.48%+193.63% 91.93B
Average +0.84%+0.24%+32.67%+205.94% 148.17B
Weighted average by Cap. +1.01%-0.33%+28.75%+182.02%

Financials

2026 *2027 *
Net sales 23.74B 21.1B 19.67B 17.93B 33.82B 2,286B 34.14B 238B 92.4B 1,166B 89.13B 87.19B 3,747B 26.01B 23.12B 21.55B 19.64B 37.05B 2,505B 37.41B 261B 101B 1,277B 97.64B 95.52B 4,105B
Net income 3.37B 3B 2.79B 2.55B 4.8B 325B 4.85B 33.86B 13.12B 166B 12.66B 12.39B 532B 3.86B 3.43B 3.2B 2.92B 5.5B 372B 5.55B 38.79B 15.03B 190B 14.5B 14.19B 610B
Net Debt 2.61B 2.32B 2.17B 1.97B 3.72B 252B 3.76B 26.25B 10.17B 128B 9.81B 9.6B 412B 1.25B 1.11B 1.03B 941M 1.77B 120B 1.79B 12.51B 4.85B 61.17B 4.68B 4.57B 197B
Logo Trane Technologies plc
Trane Technologies plc specializes in designing, manufacturing, and marketing of air conditioning systems (heating, ventilation and air conditioning systems, etc. mainly under the Trane and Thermo King brands. Trane Technologies plc also provides temperature control equipment (refrigeration systems, controlled-temperature transportation equipment, etc.). Net sales break down by activity as follows: - sale of equipment (65.6%); - services and sale of spare parts (34.4%). At the end of 2025, the group had 38 manufacturing facilities worldwide. Net sales are distributed geographically as follows: the Americas (80.6%), Europe/Middle East/Africa (13.1%) and Asia/Pacific (6.3%).
Employees
-
Date Price Change
02/10/26 €412.60 +0.88%
01/10/26 €409.00 +2.30%
30/09/26 €399.80 -0.25%
29/09/26 €400.80 +0.96%
28/09/26 €397.00 -0.48%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
463.91USD
Average target price
526.67USD
Spread / Average Target
+13.53%

Quarterly revenue - Rate of surprise