Energy ManagementCleanTechEnergy StorageClimateTechHVAC ServicesSmart BuildingData Center TechnologyEnergy EfficiencyIndustrialMachinery ManufacturingManufacturing
Description
Trane Technologies plc and its consolidated subsidiaries is a global climate innovator. The company is one of the leading manufacturers in the world of HVAC systems and services and transport temperature control products and services.
The company br…
Analysis
Hope premium
Trane Technologies plc is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 35.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 14% a year, against analyst forecasts of 15%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 20233
78
2023202420252026
All-time high
78
Jun 2026
All-time low
3
Jan 2023
Average rank
34
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
9
7
15
27
Price/Earnings
7
7
18
19
Price/Book
5
3
7
14
Dividend Yield
15
26
27
34
Value (overall)
1
1
14
17
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.