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STOCK COMPARISON

Trane Technologies vs Zehnder: Fair Value & Quality

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

As of Sep 24, 2026, Fair Value Calculator sees Zehnder as the less overvalued of the two: Trane Technologies trades at $437 versus a fair value of $215 (-51%), while Zehnder trades at CHF 73.40 versus CHF 65.49 (-11%).
Trane Technologies
TT · USD · Industrials
-51%
upside to fair value
overvalued
Price$437
Fair Value$215
Quality75/100
Zehnder
ZEHN.SW · CHF · Industrials
-11%
upside to fair value
overvalued
PriceCHF 73.40
Fair ValueCHF 65.49
Quality77/100
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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

Trane TechnologiesZehnder
Valuation
33.3×P/E (TTM)16.6×
4.52×P/S (TTM)1.30×
11.36× · book value is mostly goodwillP/B3.83×
23.6×EV/EBITDA11.0×
2.00×PEG1.20×
−50.9%Fair value upside−10.8%
0.9%Dividend yield1.9%
$3.87Dividend per shareCHF 1.40
Profitability
16%Operating margin8%
1.51×EBIT margin trend (5Y)1.00×
37%Return on equity19%
11%Return on assets8%
Growth
6%Revenue growth (YoY)5%
10.1%Avg. growth/yr (3Y)-2.3%
11.4%Avg. growth/yr (5Y)4.2%
+18.6%Value creation/yr+6.5%
Balance & size
17.4×Interest coverage (EBIT/interest)41.3×
0.46×Debt / equity0.00×
$98BMarket cap$991M
healthyGrowth qualityweak

Zehnder 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.

Trane Technologiesof which business quality 71 · market factors 47 Zehnderof which business quality 76 · market factors 49
ProfitabilityMargins and returns on capital today
76
73
Quality GrowthAre margins and returns improving?
52
79
CashflowEarnings quality: real cash, not paper profit
61
61
Fin. StrengthBalance sheet, leverage, solvency risk
71
83
InvestmentDisciplined investing over empire-building
70
100
Low VolatilityCalm price path (market factor)
58
49
MomentumPrice trend over the last 3–12 months (market factor)
41
53
52W MomentumDistance to the 52-week high (market factor)
45
44
Net IssuanceShare count: buybacks or dilution?
100
75

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 familyTrane TechnologiesPrice $437ZehnderPrice CHF 73.40
DCF Models-49%below the price$223+3%close to the priceCHF 75.59
Earnings-Based-74%below the price$112-40%below the priceCHF 44.07
Dividend Discount-86%below the price$63.35-84%below the priceCHF 11.62
Multiples-50%below the price$219+12%close to the priceCHF 82.12
Asset-Based-94%below the price$26.07-79%below the priceCHF 15.56
Growth DCF-55%below the price$198-1%close to the priceCHF 72.92
Economic Profit-65%below the price$153-47%below the priceCHF 39.12
Growth Earnings-46%below the price$235-5%close to the priceCHF 69.71
Minimum-94%below the price$26.07-84%below the priceCHF 11.62
Maximum-46%below the price$235+12%close to the priceCHF 82.12
Median-60%below the price$175-22%below the priceCHF 56.89
Geometric mean-71%below the price$126-43%below the priceCHF 42.08

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%.

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

Zehnder: 15 of 25 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.

Trane Technologies
Price $437
Fair Value $215
Bear $139Bull $306
Zehnder
Price CHF 73.40
Fair Value CHF 65.49
Bear CHF 48.26Bull CHF 85.13

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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.

Trane Technologies · Industrials

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

Zehnder · Industrials

Quality score77 · Top 25%
Fair value upside-11% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Zehnder as the less overvalued of the two: Trane Technologies trades at $437 versus a fair value of $215 (-51%), while Zehnder trades at CHF 73.40 versus CHF 65.49 (-11%).

Zehnder has the higher quality score (77/100).

Open Zehnder 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.