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STOCK COMPARISON

Firefly AB (publ) vs Trane Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Firefly AB (publ) (FIRE) and Trane Technologies (TT) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Firefly AB (publ) as the less overvalued of the two: Firefly AB (publ) trades at SEK 169 versus a fair value of SEK 149 (-12%), while Trane Technologies trades at $437 versus $215 (-51%).
Firefly AB (publ)
FIRE.ST · SEK · Industrials
-12%
upside to fair value
overvalued
PriceSEK 169
Fair ValueSEK 149
Quality68/100
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

Firefly AB (publ)Trane Technologies
Valuation
23.7×P/E (TTM)33.3×
2.06×P/S (TTM)4.52×
5.37×P/B11.36× · book value is mostly goodwill
15.5×EV/EBITDA23.6×
n/aPEG2.00×
−11.6%Fair value upside−50.9%
3.6%Dividend yield0.9%
SEK 6.00Dividend per share$3.87
Profitability
11%Operating margin16%
1.99×EBIT margin trend (5Y)1.51×
22%Return on equity37%
11%Return on assets11%
Growth
-9%Revenue growth (YoY)6%
9.4%Avg. growth/yr (3Y)10.1%
13.7%Avg. growth/yr (5Y)11.4%
+30.3%Value creation/yr+24.8%
Balance & size
44.7×Interest coverage (EBIT/interest)17.4×
0.02×Debt / equity0.46×
$102MMarket cap$98B
healthyGrowth qualityhealthy

Firefly AB (publ) leads: 10 to 2 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.

Firefly AB (publ)of which business quality 69 · market factors 48 Trane Technologiesof which business quality 71 · market factors 47
ProfitabilityMargins and returns on capital today
84
76
Quality GrowthAre margins and returns improving?
34
52
CashflowEarnings quality: real cash, not paper profit
55
61
Fin. StrengthBalance sheet, leverage, solvency risk
96
71
InvestmentDisciplined investing over empire-building
47
70
Low VolatilityCalm price path (market factor)
81
58
MomentumPrice trend over the last 3–12 months (market factor)
37
41
52W MomentumDistance to the 52-week high (market factor)
30
45
Net IssuanceShare count: buybacks or dilution?
82
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 familyFirefly AB (publ)Price SEK 169Trane TechnologiesPrice $437
DCF Models-8%close to the priceSEK 155-49%below the price$223
Earnings-Based-45%below the priceSEK 93.20-74%below the price$112
Dividend Discountn/a-86%below the price$63.35
Multiples-2%close to the priceSEK 165-50%below the price$219
Asset-Based-88%below the priceSEK 21.10-94%below the price$26.07
Growth DCF-14%close to the priceSEK 146-55%below the price$198
Economic Profit-55%below the priceSEK 76.64-65%below the price$153
Growth Earnings-12%close to the priceSEK 149-46%below the price$235
Minimum-88%below the priceSEK 21.10-94%below the price$26.07
Maximum-2%close to the priceSEK 165-46%below the price$235
Median-14%close to the priceSEK 146-60%below the price$175
Geometric mean-42%below the priceSEK 97.51-71%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%.

Firefly AB (publ): 17 of 24 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.

Firefly AB (publ)
Price SEK 169
Fair Value SEK 149
Bear SEK 105Bull SEK 211
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.

Firefly AB (publ) · Industrials

Quality score68 · Top 25%
Fair value upside-12% · below median

Trane Technologies · Industrials

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

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Firefly AB (publ) as the less overvalued of the two: Firefly AB (publ) trades at SEK 169 versus a fair value of SEK 149 (-12%), while Trane Technologies trades at $437 versus $215 (-51%).

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

Open Firefly AB (publ) live analysis →

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