Trane Technologies plc (TT) Fair Value & Analysis
Industrials · US · Market cap $104B · ISIN IE00BK9ZQ967
What is Trane Technologies plc really worth?
Trane Technologies plc
TT · US
A solid business, but trading 114% above our fair value of $208.50.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 7 days ago
Share price −5.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 74/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($305.53). The favourable scenario is already priced in.
- A fairly wide model range ($134.20 to $305.53) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $115.29 – $503.46 · fair‑value band $134.20 – $305.53 · the $445.19 price screens above the $208.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Trane Technologies plc (TT) currently trades at $445.19, while our model-based Fair Value estimate is $208.50, implying the stock looks roughly 113.5% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $235.02 per share, and 0 of the 26 models we run sit above the $445.19 price. Bear case: the Asset-Based group reads lowest at $26.07, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Trane Technologies plc generated revenue of $21.6B at a net margin of 13.4%. Revenue grew 6.0% year over year. It earns a return on equity of 36.6%. Net debt stands at $2.9B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $134.20 (bear case) to $305.53 (bull case); at $445.19, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −53%, TT screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $6.25 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($235.02) versus Asset-Based ($26.07). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.
Full company description
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Trane Technologies plc reported revenue of $21.3B in FY2025 versus $14.1B in FY2021, a compound +10.8%/yr. Reported net income was $2.9B in FY2025, compounding +19.7%/yr from FY2021.
of which total revenue +4.5 % · buybacks/dilution +1.8 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
TT screens 114% overvalued. Compare with Johnson Controls International plc →
Peer Group
Building Products & Equipment · 243 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Building Products & Equipment median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Johnson Controls International plc JCI | $142.23 | $44.75 | −69% |
| Carrier Global Corporation CARR | $57.25 | $16.85 | −71% |
| Compagnie de Saint-Gobain S.A SGO | €81.20 | €97.97 | +21% |
| Geberit AG GEBN | CHF 577.80 | CHF 307.66 | −47% |
| Lennox International Inc LII | $377.25 | $363.09 | −4% |
| Kingspan Group KRX | €87.30 | €66.79 | −23% |
| Masco Corporation MAS | $74.64 | $53.22 | −29% |
| Carlisle Companies Incorporated CSL | $356.53 | $340.70 | −4% |
| BELIMO Holding BEAN | CHF 878.50 | CHF 227.18 | −74% |
| Advanced Drainage Systems, Inc WMS | $144.10 | $106.17 | −26% |
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