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Trane Technologies (MIL:1TTH) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Trane Technologies Forward PE Ratio Related Terms
Trane Technologies Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Trane Technologies's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Trane Technologies Forward PE Ratio Chart
Trane Technologies Annual Data
Trend
2025-12
Forward PE Ratio
25.85
Trane Technologies Quarterly Data
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
33.37
30.24
25.85
31.55
MIL:1TTH vs JCI, CARR, LII: Forward PE Ratio Comparison
For the Building Products & Equipment subindustry, Trane Technologies's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Trane Technologies Forward PE Ratio vs Construction Industry
For the Construction industry and Industrials sector, Trane Technologies's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Trane Technologies's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Trane Technologies (MIL:1TTH) has a Forward PE Ratio of 32.60 as of Jul. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Trane Technologies and its competitors. According to the industry distribution chart, Trane Technologies ranks #568 out of 641 companies in the Construction industry, placing it in the top 88.6%.
Is Trane Technologies' Forward PE Ratio too high?
Trane Technologies' current Forward PE Ratio is 32.60. The Construction industry median Forward PE Ratio is 13.90. Trane Technologies' value of 32.60 is 134.5% above this industry median. Based on the distribution chart, Trane Technologies ranks #568 out of 641 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Trane Technologies has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trane Technologies' Forward PE Ratio compare to JCI and CARR?
According to the Construction industry distribution chart, Trane Technologies ranks #568 out of 641 companies for Forward PE Ratio. This places Trane Technologies in the lower half of its industry. The industry median Forward PE Ratio is 13.90. Trane Technologies' value of 32.60 is 134.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Construction company?
The median Forward PE Ratio among Construction companies is 13.90, based on 641 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trane Technologies's current Forward PE Ratio of 32.60 is 134.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Trane Technologies and its competitors. For the Construction industry, the median Forward PE Ratio is 13.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trane Technologies's current Forward PE Ratio is 32.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trane Technologies stock overvalued right now?
Based on GuruFocus' analysis, Trane Technologies (MIL:1TTH) is currently considered Modestly Overvalued. The stock's GF Value™ is €376.80, compared to a current price of €422.10 — trading 12% above its estimated fair value. The current Forward PE Ratio is 32.60 and 134.5% above the Construction industry median of 13.90. Trane Technologies' overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Trane Technologies (MIL:1TTH), the current Forward PE Ratio is 32.60 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Trane Technologies (MIL:1TTH) Overvalued in 2026?
Based on GuruFocus' analysis, Trane Technologies stock appears to be overvalued.
The current stock price of €422.10 is trading 12% above its estimated GF Value™ of €376.80.
GuruFocus considers Trane Technologies to be Modestly Overvalued.
Key valuation signals for MIL:1TTH:
Forward PE Ratio: 32.60
GF Value™: €376.80 vs. price of €422.10 (12% above fair value)
Industry Position: 134.5% above the Construction median (#568 of 641)
No single metric tells the full story. See the MIL:1TTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for approximately 80% of its revenue, with 13% from EMEA and 7% Asia-Pacific. The company was formed in 2020 when its former parent, Ingersoll Rand, merged with Gardner Denver in a tax-advantaged reverse Morris trust transaction.
68GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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