Trane Technologies plc (TT) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Trane Technologies plc stock $224, price $410, that is 45.4% below the price, quality 74 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Trane Technologies plc
TT · USOur calculation puts a fair price 45% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $115.02 – $502.27 · fair‑value band $143.49 – $309.43 · the $410.48 price screens above the $223.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.
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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.
Stock analysis
Trane Technologies plc (TT) currently trades at $410.48, while our model-based Fair Value estimate is $223.94, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $244.94 per share, and 0 of the 24 models we run sit above the $410.48 price.
Bear case: the Dividend Discount group reads lowest at $52.59, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $143.49 (bear) to $309.43 (bull), the price of $410.48 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap $91.6B Large · P/E ratio 28.5 · P/S ratio 3.94 · EPS (TTM) $14.39 · Dividend yield 1.0% · Net margin 13.6% · Return on equity 36.9% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −45%, TT screens richer than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors sold shares worth $43.9M and none bought.
- SaleDavid S RegneryChair and CEO, Director5× since Feb 6, 2026: 134,489 shares, avg. $462.08$62.1MOct 6, 202610b5-1 plan
- SaleMelissa N. SchaefferDirector145 shares at $472.27$68,479Aug 4, 2026
- SaleDonald E. SimmonsGroup President, Americas5× since Feb 6, 2026: 17,279 shares, avg. $469.07$8.1MApr 30, 202610b5-1 plan
- SaleChristopher J KuehnExecutive Vice President & CFO2× since Feb 10, 2026: 11,008 shares, avg. $452.76$5.0MApr 8, 202610b5-1 plan
- SaleElizabeth A. ElwellVP & Chief Accounting Officer3× since Feb 6, 2026: 818 shares, avg. $430.97$352,533Mar 6, 202610b5-1 plan
- BuyJohn A HayesDirector400 shares at $430.44$172,176Mar 5, 2026
Plus 14 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Recent news
- Trane Technologies' Strong HVAC Backlog Signals Growth in 2027
- Trane Technologies to Present at the Baird Global Industrial Conference
- Trane Expands Future Climate Engineers Scholarship Program in Indonesia to Broaden Student Access
Compare Trane Technologies plc with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Building Products & Equipment · 254 stocks
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
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.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Compagnie de Saint-Gobain S.A SGO | €74.44 | €93.79 | +26% | vs TT |
| Carlisle Companies Incorporated CSL | $398.82 | $347.14 | −13% | vs TT |
| Madison Air Solutions Corporation MAIR | $23.61 | $20.32 | −14% | vs TT |
| Lennox International Inc LII | $358.96 | $303.70 | −15% | vs TT |
| Kingspan Group KRX | €93.40 | €68.99 | −26% | vs TT |
| Masco Corporation MAS | $86.82 | $56.97 | −34% | vs TT |
| Johnson Controls International plc JCI | $140.53 | $73.99 | −47% | vs TT |
| Geberit AG GEBN | CHF 590.80 | CHF 303.40 | −49% | vs TT |
| Carrier Global Corporation CARR | $55.66 | $19.35 | −65% | vs TT |
| BELIMO Holding BEAN | CHF 733.00 | CHF 236.88 | −68% | vs TT |
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