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Price / book at other companies

EMCOR Group logo
EMCOR GroupEME
8.5×+2.8×
Johnson Controls International logo
Johnson Controls InternationalJCI
5.9×+2.6×
Comfort Systems USA logo
Comfort Systems USAFIX
17.2×+10.8×
Lennox International logo
Lennox InternationalLII
14.6×-7.9×
Carrier Global logo
Carrier GlobalCARR
3.4×-0.4×
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
22.6×+12.3×

Other financials

Income statement

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Revenue$5.0B+6.0%
Gross profit$1.7B+3.0%
Operating income$776.1M-5.2%
Net income$584.4M-3.4%
EPS (diluted)$2.62-1.9%

Balance sheet

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Total debt$3.9B-17.8%
Total equity$8.6B+14.7%
Total assets$22.8B+13.1%

Cash flow

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Operating cash flow$626.2M+84.5%
CapEx$79.7M-33.0%
Free cash flow$546.5M+148%

Valuation

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Market cap$104.45B+22.1%
P/E36×+4.8×
P/S4.8×+0.6×

Profitability

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Gross margin31.8%
Operating margin18.2%0.0pp
Net margin13.4%-0.1pp

Returns & leverage

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Return on equity36%-2.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×0.0×

Where this comes from

Calculated from Trane Technologies’s reported figures.

Based on the most recent quarter.

The official record: Trane Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trane Technologies's price / book?
Trane Technologies (TT) reported price / book of 10.7× in Q1 2026.
How has Trane Technologies's price / book changed year-over-year?
Trane Technologies's price / book increased by 6.4% year-over-year, from 10.1× to 10.7×.
What is the long-term trend for Trane Technologies's price / book?
Over 4 years (2021 to 2025), Trane Technologies's price / book has grown at a 12.8% compound annual growth rate (CAGR), from 26.9× to 43.6×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.