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STOCK COMPARISON

Forbo Holding vs Trane Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Forbo Holding (FORN) and Trane Technologies (TT) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Forbo Holding as the less overvalued of the two: Forbo Holding trades at CHF 946 versus a fair value of CHF 656 (-31%), while Trane Technologies trades at $437 versus $215 (-51%).
Forbo Holding
FORN.SW · CHF · Industrials
-31%
upside to fair value
overvalued
PriceCHF 946
Fair ValueCHF 656
Quality60/100
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

Forbo HoldingTrane Technologies
Valuation
19.4×P/E (TTM)33.3×
1.49×P/S (TTM)4.52×
2.50×P/B11.36× · book value is mostly goodwill
13.1×EV/EBITDA23.6×
8.17×PEG2.00×
−30.6%Fair value upside−50.9%
2.6%Dividend yield0.9%
CHF 25.00Dividend per share$3.87
Profitability
8%Operating margin16%
0.68×EBIT margin trend (5Y)1.51×
11%Return on equity37%
6%Return on assets11%
Growth
-2%Revenue growth (YoY)6%
-5.7%Avg. growth/yr (3Y)10.1%
-0.6%Avg. growth/yr (5Y)11.4%
−8.2%Value creation/yr+24.8%
Balance & size
24.6×Interest coverage (EBIT/interest)17.4×
0.05×Debt / equity0.46×
$2BMarket cap$98B
weakGrowth qualityhealthy

Trane Technologies leads: 7 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.

Forbo Holdingof which business quality 59 · market factors 74 Trane Technologiesof which business quality 71 · market factors 47
ProfitabilityMargins and returns on capital today
56
76
Quality GrowthAre margins and returns improving?
25
52
CashflowEarnings quality: real cash, not paper profit
28
61
Fin. StrengthBalance sheet, leverage, solvency risk
85
71
InvestmentDisciplined investing over empire-building
86
70
Low VolatilityCalm price path (market factor)
71
58
MomentumPrice trend over the last 3–12 months (market factor)
75
41
52W MomentumDistance to the 52-week high (market factor)
74
45
Net IssuanceShare count: buybacks or dilution?
81
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 familyForbo HoldingPrice CHF 946Trane TechnologiesPrice $437
DCF Models-34%below the priceCHF 622-49%below the price$223
Earnings-Based-52%below the priceCHF 456-74%below the price$112
Dividend Discount-77%below the priceCHF 219-86%below the price$63.35
Multiples0%close to the priceCHF 948-50%below the price$219
Asset-Based-68%below the priceCHF 307-94%below the price$26.07
Growth DCF-49%below the priceCHF 479-55%below the price$198
Economic Profit-50%below the priceCHF 469-65%below the price$153
Growth Earnings-18%below the priceCHF 771-46%below the price$235
Minimum-77%below the priceCHF 219-94%below the price$26.07
Maximum0%close to the priceCHF 948-46%below the price$235
Median-50%below the priceCHF 474-60%below the price$175
Geometric mean-49%below the priceCHF 487-71%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%.

Forbo Holding: 21 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.

Forbo Holding
Price CHF 946
Fair Value CHF 656
Bear CHF 435Bull CHF 887
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.

Forbo Holding · Industrials

Quality score60 · above median
Fair value upside-31% · below 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 Forbo Holding as the less overvalued of the two: Forbo Holding trades at CHF 946 versus a fair value of CHF 656 (-31%), while Trane Technologies trades at $437 versus $215 (-51%).

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

Open Forbo Holding 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.