TT P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TT's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
TT P/E ratio by year
Yearly range of TT’s p/e ratio from 2016 to 2026. Over the full period it ranged from 8.7 to 47.8, averaging 25.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 29.0 | 34.7 | 38.9 | 32.3 |
| 2025 | 26.2 | 32.6 | 37.5 | 30.0 |
| 2024 | 26.8 | 34.0 | 38.9 | 32.8 |
| 2023 | 21.1 | 24.4 | 28.7 | 28.7 |
| 2022 | 20.1 | 24.6 | 33.2 | 24.3 |
| 2021 | 30.5 | 37.6 | 47.8 | 34.4 |
| 2020 | 12.3 | 25.3 | 41.2 | 41.2 |
| 2019 | 13.0 | 16.3 | 18.7 | 17.8 |
| 2018 | 10.9 | 13.3 | 14.8 | 13.2 |
| 2017 | 10.3 | 14.4 | 18.5 | 17.2 |
| 2016 | 8.7 | 9.6 | 10.6 | 10.1 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TT P/E ratio High or Low Right Now?
Trane Technologies plc's P/E ratio is currently 32.3, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for TT is approximately 24.8. See all TT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.