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STOCK COMPARISON

Aaon vs Trane Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Aaon (AAON) and Trane Technologies (TT) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Trane Technologies as the less overvalued of the two: Aaon trades at $90.28 versus a fair value of $35.43 (-61%), while Trane Technologies trades at $479 versus $212 (-56%).
Aaon
AAON · USD · Industrials
-61%
upside to fair value
overvalued
Price$90.28
Fair Value$35.43
Quality38/100
Trane Technologies
TT · USD · Industrials
-56%
upside to fair value
overvalued
Price$479
Fair Value$212
Quality69/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

AaonTrane Technologies
Valuation
80.2×P/E (TTM)35.8×
5.64×P/S (TTM)4.81×
10.20×P/B12.08×
37.9×EV/EBITDA25.1×
3.40×PEG2.00×
0.4%Dividend yield0.8%
$0.40Dividend per share$3.87
Profitability
7%Net margin13%
12%Operating margin16%
14%Return on equity37%
7%Return on assets11%
Growth
54%Revenue growth (YoY)6%
17.5%Avg. growth/yr (3Y)10.1%
22.9%Avg. growth/yr (5Y)11.4%
Balance & size
0.45×Debt / equity0.46×
$9BMarket cap$104B
expensiveGrowth qualityhealthy

Trane Technologies leads: 5 to 9 metric wins.

Dash = 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.

Aaonof which business quality 41 · market factors 37 Trane Technologiesof which business quality 71 · market factors 56
ProfitabilityMargins and returns on capital today
48
76
Quality GrowthAre margins and returns improving?
17
52
CashflowEarnings quality: real cash, not paper profit
7
61
Fin. StrengthBalance sheet, leverage, solvency risk
71
71
InvestmentDisciplined investing over empire-building
18
70
Low VolatilityCalm price path (market factor)
15
58
MomentumPrice trend over the last 3–12 months (market factor)
50
50
52W MomentumDistance to the 52-week high (market factor)
39
64
Net IssuanceBuybacks instead of dilution
81
100

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Aaon

Earnings-Based$14.17
Dividend Discount$6.50
Multiples$24.30
Asset-Based$7.32
Economic Profit$12.36
Growth Earnings$22.98

16 of 16 models see the stock below the current price.

Trane Technologies

DCF Models$222
Earnings-Based$112
Dividend Discount$63.35
Multiples$235
Asset-Based$26.07
Growth DCF$212
Economic Profit$153
Growth Earnings$225

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Aaon
Bear $24.80Fair Value $35.43Bull $46.05
$90.28 = current price (white tick)
Trane Technologies
Bear $136Fair Value $212Bull $306
$479 = current price (white tick)

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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.

Aaon · Industrials

Quality score38 · bottom 25%
Fair value upside-61% · bottom 25%

Trane Technologies · Industrials

Quality score69 · Top 25%
Fair value upside-56% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Trane Technologies as the less overvalued of the two: Aaon trades at $90.28 versus a fair value of $35.43 (-61%), while Trane Technologies trades at $479 versus $212 (-56%).

Trane Technologies has the higher quality score (69/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.