Trane Technologies plc (0Y2S) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Trane Technologies plc $50.98, price $88.17, upside -42.2%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $84.83 – $88.17 · fair‑value band $32.53 – $73.88 · the $88.17 price screens above the $50.98 fair value. Dashed = 300-day average. As of Sep 29, 2026.
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.
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Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
Stock analysis
Trane Technologies plc (0Y2S) currently trades at $88.17, while our model-based Fair Value estimate is $50.98, 42.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $58.27 per share, and 0 of the 24 models we run sit above the $88.17 price.
Bear case: the Asset-Based group reads lowest at $9.94, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $32.53 (bear) to $73.88 (bull), the price of $88.17 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Trane Technologies plc reported revenue of $14.1B in FY2021 versus $14.2B in FY2017, a compound −0.1%/yr. Reported net income was $1.4B in FY2021, compounding +2.2%/yr from FY2017.
Key figures
Market cap $37.3B · P/S ratio 1.68 · Dividend yield 4.5% · Net margin 10.1% · Return on equity 36.6% · Return on assets (EBIT) 9.1% · Operating margin 19.3% · Revenue (TTM) $22.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −42%, 0Y2S screens richer than that median.
Fair Value models
Bear $32.53Fair Value $50.98Bull $73.88
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+13.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
’17
’18
’19
’20
’21
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
11.7% (2017) → 14.3% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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Is Trane Technologies plc (0Y2S) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $50.98 versus a price of $88.17, about −42% upside (overvalued).
What is the fair value of 0Y2S?
Our model-based fair value for Trane Technologies plc is $50.98 (as of Sep 29, 2026), built from audited fundamentals. The current price: $88.17.
What is the quality score of 0Y2S?
Trane Technologies plc has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Trane Technologies plc (0Y2S)?
Our model-based price target is the fair value of $50.98 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario $32.53, optimistic scenario $73.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Trane Technologies plc stock forecast for 2026?
Our models put fair value at $50.98, about −42% upside versus a price of $88.17 (overvalued). Cautious scenario $32.53, optimistic scenario $73.88. The calculation is refreshed regularly with new filings.
What is the revenue of Trane Technologies plc (0Y2S)?
Trane Technologies plc reported trailing-twelve-month revenue of about $22.2B (latest available figure, as of Sep 29, 2026).
Does Trane Technologies plc pay a dividend?
Trane Technologies plc currently shows a dividend yield of about 4.51% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Trane Technologies plc (0Y2S)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trane Technologies plc it is $50.98 per share (as of Sep 29, 2026), against a price of $88.17. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Trane Technologies plc stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0Y2S trades above its calculated fair value: price $88.17, fair value $50.98, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0Y2S?
No. The price is what the market pays today ($88.17); the fair value is what the company's own numbers justify ($50.98). For Trane Technologies plc the two are $37.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trane Technologies plc worth?
The market values Trane Technologies plc at about $37.3B (market capitalisation, as of Sep 29, 2026). Per share that is $88.17; our models calculate a fair value of $50.98 per share.
What do the bullish and bearish scenarios say about 0Y2S?
Our models span a range for Trane Technologies plc: cautious scenario $32.53, base $50.98, optimistic $73.88 per share (as of Sep 29, 2026, price $88.17). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0Y2S from its 52-week high?
Trane Technologies plc trades at $88.17, at its 52-week high of $88.17 and at the low of $88.17 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of $50.98 is for.
Which stocks are comparable to Trane Technologies plc?
From the same area (Industrials) we also value Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, Geberit AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Trane Technologies plc stock attractive at the current price?
The data as of Sep 29, 2026: price $88.17, calculated fair value $50.98 (−42%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0Y2S calculated?
We run Trane Technologies plc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $50.98, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Trane Technologies plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Trane Technologies plc (0Y2S)?
The closing price on Sep 30, 2026 was $88.17. Our model-based fair value is $50.98, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trane Technologies plc right now?
A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($73.88). The favourable scenario is already priced in. A fairly wide model range ($32.53 to $73.88) leaves room in how you read the outcome.
Key figures of Trane Technologies plc
How large is the market capitalisation of Trane Technologies plc (0Y2S)?
The market capitalisation of Trane Technologies plc is $37.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Trane Technologies plc (0Y2S)?
The price-to-sales ratio of Trane Technologies plc is 1.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Trane Technologies plc (0Y2S)?
The dividend yield of Trane Technologies plc is 4.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Trane Technologies plc (0Y2S)?
The net margin of Trane Technologies plc is 10.1% (fiscal year 2021). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Trane Technologies plc (0Y2S)?
The return on equity (ROE) of Trane Technologies plc is 36.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Trane Technologies plc (0Y2S)?
On an EBIT basis the return on assets of Trane Technologies plc is 9.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Trane Technologies plc (0Y2S)?
The operating margin of Trane Technologies plc is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trane Technologies plc (0Y2S)?
Revenue at Trane Technologies plc is growing +10.6% versus a year earlier (3y avg +4.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Trane Technologies plc (0Y2S)?
Earnings per share at Trane Technologies plc are growing +7.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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