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STOCK COMPARISON

Puyang Refractories Group Co vs Trane Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Puyang Refractories Group Co (002225) and Trane Technologies (TT) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Puyang Refractories Group Co as the less overvalued of the two: Puyang Refractories Group Co trades at ¥3.57 versus a fair value of ¥3.05 (-15%), while Trane Technologies trades at $437 versus $215 (-51%).
Puyang Refractories Group Co
002225.SHE · CNY · Materials
-15%
upside to fair value
overvalued
Price¥3.57
Fair Value¥3.05
Quality39/100
Trane Technologies
TT · USD · Industrials
-51%
upside to fair value
overvalued
Price$437
Fair Value$215
Quality75/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Puyang Refractories Group CoTrane Technologies
Valuation
89.3×P/E (TTM)33.3×
0.90×P/S (TTM)4.52×
1.19×P/B11.36× · book value is mostly goodwill
15.4×EV/EBITDA23.6×
n/aPEG2.00×
−14.6%Fair value upside−50.9%
1.4%Dividend yield0.9%
¥0.05Dividend per share$3.87
Profitability
4%Operating margin16%
0.40×EBIT margin trend (5Y)1.51×
1%Return on equity37%
1%Return on assets11%
Growth
-3%Revenue growth (YoY)6%
3.6%Avg. growth/yr (3Y)10.1%
5.6%Avg. growth/yr (5Y)11.4%
−11.6%Value creation/yr+24.8%
Balance & size
3.8×Interest coverage (EBIT/interest)17.4×
n/aDebt / equity0.46×
$732MMarket cap$98B
mixedGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Trane Technologies leads: 2 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Puyang Refractories Group Coof which business quality 41 · market factors 24 Trane Technologiesof which business quality 71 · market factors 47
ProfitabilityMargins and returns on capital today
24
76
Quality GrowthAre margins and returns improving?
38
52
CashflowEarnings quality: real cash, not paper profit
51
61
Fin. StrengthBalance sheet, leverage, solvency risk
44
71
InvestmentDisciplined investing over empire-building
75
70
Low VolatilityCalm price path (market factor)
62
58
MomentumPrice trend over the last 3–12 months (market factor)
12
41
52W MomentumDistance to the 52-week high (market factor)
3
45
Net IssuanceShare count: buybacks or dilution?
23
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyPuyang Refractories Group CoPrice ¥3.57Trane TechnologiesPrice $437
DCF Models-18%below the price¥2.93-49%below the price$223
Earnings-Based-67%below the price¥1.18-74%below the price$112
Dividend Discount-69%below the price¥1.10-86%below the price$63.35
Multiples-48%below the price¥1.87-50%below the price$219
Asset-Based-33%below the price¥2.38-94%below the price$26.07
Growth DCF-15%close to the price¥3.05-55%below the price$198
Economic Profit-45%below the price¥1.98-65%below the price$153
Growth Earnings-70%below the price¥1.07-46%below the price$235
Minimum-70%below the price¥1.07-94%below the price$26.07
Maximum-15%close to the price¥3.05-46%below the price$235
Median-46%below the price¥1.93-60%below the price$175
Geometric mean-50%below the price¥1.80-71%below the price$126

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Puyang Refractories Group Co: 25 of 26 models see the stock below the current price.

Trane Technologies: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Puyang Refractories Group Co
Price ¥3.57
Fair Value ¥3.05
Bear ¥2.76Bull ¥3.05
Trane Technologies
Price $437
Fair Value $215
Bear $139Bull $306

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Puyang Refractories Group Co · Materials

Quality score39 · below median
Fair value upside-15% · above median

Trane Technologies · Industrials

Quality score75 · Top 25%
Fair value upside-51% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Puyang Refractories Group Co as the less overvalued of the two: Puyang Refractories Group Co trades at ¥3.57 versus a fair value of ¥3.05 (-15%), while Trane Technologies trades at $437 versus $215 (-51%).

Trane Technologies has the higher quality score (75/100).

Open Puyang Refractories Group Co live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.