Trane Technologies forward PE TT

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 26.8×
10-year median: 22.4×
Against its 10-year history: 61st; percentile: 0 is its lowest day, 100 its highest
10-year range: 11.5× to 36.5×
Peer median: 21.2×

Trane Technologies' forward PE is 26.8× as of Oct 23, 2026.

That is above its ten-year median of 22.4×, close to the middle of its last ten years.

Over that time it ranged from 11.5× in Dec 2018 to 36.5× in Jul 2025.

The median for 10 industrial machinery stocks of a similar size is 21.2×.

Forward PE over time

median 22.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	26.8×	25.9×	32.1×
2025	27.4×	25.2×	36.5×
2024	30.3×	23.8×	34.2×
2023	24.1×	18.5×	24.1×
2022	20.5×	16.8×	29.0×
2021	31.0×	26.6×	33.7×
2020	27.5×	21.2×	31.8×
2019	21.8×	12.0×	21.9×
2018	11.7×	11.5×	15.0×
2017	14.2×	13.4×	16.3×
2016	13.4×	10.6×	14.0×
2015	11.7×	11.0×	16.0×
2014	15.6×	13.8×	17.1×
2013	16.3×	12.4×	16.3×
2012	11.7×	9.9×	12.4×
2011	9.4×	8.6×	15.3×
2010	13.4×	9.6×	13.4×
2009	12.4×	6.7×	14.9×
2008	12.4×	8.6×	21.2×
2007	10.8×	9.6×	13.4×

Against its peers

Companies in Industrial - Machinery nearest Trane Technologies' size, closest first, today.

Company	Forward PE
TTTrane Technologies	26.8×
EMREmerson Electric	22.8×
PHParker-Hannifin	24.6×
ITWIllinois Tool Works	23.5×
CMICummins	15.7×
PCARPACCAR	16.2×
ROKRockwell Automation	29.3×
CARRCarrier Global	18.6×
GEVGE Vernova	39.7×
OTISOtis Worldwide	17.5×
IRIngersoll Rand	19.6×
Peer median	21.2×

Where Trane Technologies ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Trane Technologies

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.