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Trane Technologies price to book ratio TT

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
11.4×
10-year median
6.1×
Against its 10-year history
85th
percentile: 0 is its lowest day, 100 its highest
10-year range
2.0× to 14.1×
Peer median
5.5×

Trane Technologies' price to book ratio is 11.4× as of Oct 23, 2026.

That is above its ten-year median of 6.1×, higher than on 85% of days in the last ten years.

Over that time it ranged from 2.0× in Oct 2016 to 14.1× in Jul 2025.

The median for 10 industrial machinery stocks of a similar size is 5.5×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far11.4×10.2×12.5×
202510.5×9.6×14.1×
202411.1×8.2×13.1×
20238.3×6.3×8.3×
20226.6×4.7×7.0×
20217.4×5.4×7.7×
20205.5×2.5×5.6×
20193.5×2.4×3.5×
20182.4×2.3×2.9×
20172.6×2.2×2.8×
20162.2×1.8×2.3×
20152.0×1.8×2.5×
20142.1×1.7×2.1×
20131.9×1.6×2.3×
20121.5×1.0×1.5×
20111.0×0.9×1.6×
20101.6×1.1×1.6×
20091.3×1.1×1.3×

Against its peers

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

CompanyPrice to book ratio
TTTrane Technologies11.4×
EMREmerson Electric4.4×
PHParker-Hannifin7.2×
ITWIllinois Tool Works27.1×
CMICummins5.5×
PCARPACCAR2.8×
ROKRockwell Automation13.5×
CARRCarrier Global3.5×
GEVGE Vernova18.2×
OTISOtis Worldwiden/m
IRIngersoll Rand2.8×
Peer median5.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Trane Technologies

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