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STOCK COMPARISON

Carrier Global Corp vs Trane Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Carrier Global Corp (CARR) 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: Carrier Global Corp trades at $63.96 versus a fair value of $17.35 (-73%), while Trane Technologies trades at $479 versus $212 (-56%).
Carrier Global Corp
CARR · USD · Industrials
-73%
upside to fair value
overvalued
Price$63.96
Fair Value$17.35
Quality47/100
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).

Carrier Global CorpTrane Technologies
Valuation
45.7×P/E (TTM)35.8×
2.61×P/S (TTM)4.81×
4.13×P/B12.08×
21.3×EV/EBITDA25.1×
1.67×PEG2.00×
1.3%Dividend yield0.8%
$0.93Dividend per share$3.87
Profitability
6%Net margin13%
7%Operating margin16%
10%Return on equity37%
3%Return on assets11%
Growth
2%Revenue growth (YoY)6%
7.9%Avg. growth/yr (3Y)10.1%
4.5%Avg. growth/yr (5Y)11.4%
Balance & size
0.82×Debt / equity0.46×
$57BMarket cap$104B
mixedGrowth 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.

Carrier Global Corpof which business quality 50 · market factors 43 Trane Technologiesof which business quality 71 · market factors 56
ProfitabilityMargins and returns on capital today
37
76
Quality GrowthAre margins and returns improving?
24
52
CashflowEarnings quality: real cash, not paper profit
56
61
Fin. StrengthBalance sheet, leverage, solvency risk
49
71
InvestmentDisciplined investing over empire-building
46
70
Low VolatilityCalm price path (market factor)
45
58
MomentumPrice trend over the last 3–12 months (market factor)
44
50
52W MomentumDistance to the 52-week high (market factor)
38
64
Net IssuanceBuybacks instead of dilution
95
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.

Carrier Global Corp

DCF Models$19.45
Earnings-Based$15.36
Dividend Discount$10.98
Multiples$30.37
Asset-Based$11.14
Growth DCF$16.95
Economic Profit$13.68
Growth Earnings$27.09

24 of 24 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.

Carrier Global Corp
Bear $14.64Fair Value $17.35Bull $28.83
$63.96 = 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.

Carrier Global Corp · Industrials

Quality score47 · below median
Fair value upside-73% · 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: Carrier Global Corp trades at $63.96 versus a fair value of $17.35 (-73%), while Trane Technologies trades at $479 versus $212 (-56%).

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

See the full analysis →
Carrier Global Corp · Trane Technologies

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