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Trane TechnologiesHAM:2IS -2.29%93 Piotroski F-Score is 6 as of Aug. 01, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates HAM:2IS with a GF Score™ of 93/100 and a GF Value™ of €363.58 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,727 Construction companies, Trane Technologies ranks better than 74% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Trane Technologies has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Trane Technologies's Piotroski F-Score or its related term are showing as below:
HAM:2IS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Trane Technologies was 9. The lowest was 3. And the median was 7.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Trane Technologies Piotroski F-Score Related Terms
Trane Technologies Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Trane Technologies's Piotroski F-Score 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.
HAM:2IS vs JCI, CARR, LII: Piotroski F-Score Comparison
For the Building Products & Equipment subindustry, Trane Technologies's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Trane Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Trane Technologies's Piotroski F-Score falls into.
* 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 722.155 + 504.97 + 505.506 + 803.508 = €2,536 Mil. Cash Flow from Operations was 855.408 + 989.701 + 541.663 + 944.124 = €3,331 Mil. Revenue was 4892.61 + 4393.403 + 4298.531 + 5514.838 = €19,099 Mil. Gross Profit was 1804.706 + 1497.831 + 1494.806 + 1961.42 = €6,759 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(18198.763 + 18210.478 + 18293.278 + 19682.902 + 20767.421) / 5 = €19030.5684 Mil. Total Assets at the begining of this year (Jun25) was €18,199 Mil. Long-Term Debt & Capital Lease Obligation was €3,406 Mil. Total Current Assets was €7,818 Mil. Total Current Liabilities was €7,283 Mil.
Net Income was 695.572 + 577.107 + 559.532 + 758.452 = €2,591 Mil.
Revenue was 4902.521 + 4654.67 + 4336.862 + 4982.129 = €18,876 Mil. Gross Profit was 1778.934 + 1633.814 + 1551.687 + 1873.24 = €6,838 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(18765.057 + 18834.234 + 19240.099 + 18608.595 + 18198.763) / 5 = €18729.3496 Mil. Total Assets at the begining of last year (Jun24) was €18,765 Mil. Long-Term Debt & Capital Lease Obligation was €3,399 Mil. Total Current Assets was €6,508 Mil. Total Current Liabilities was €5,895 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Trane Technologies's current Net Income (TTM) was 2,536.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Trane Technologies's return on assets of this year was 0.13935777. Trane Technologies's return on assets of last year was 0.13805783.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Trane Technologies's gearing of this year was 0.17896323. Trane Technologies's gearing of last year was 0.18147918.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Trane Technologies's current ratio of this year was 1.07340092. Trane Technologies's current ratio of last year was 1.10396654.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Trane Technologies's number of shares in issue this year was 222.5. Trane Technologies's number of shares in issue last year was 225.1.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Trane Technologies's gross margin of this year was 0.35387339. Trane Technologies's gross margin of last year was 0.36223824.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Trane Technologies's asset turnover of this year was 1.04948792. Trane Technologies's asset turnover of last year was 1.00592191.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Trane Technologies has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Trane Technologies (HAM:2IS) has a Piotroski F-Score of 6 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trane Technologies and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Trane Technologies' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Trane Technologies ranks #449 out of 1727 companies in the Construction industry, placing it in the top 26%.
Is Trane Technologies' Piotroski F-Score too high?
Trane Technologies' current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Trane Technologies' value of 6 is 20% above this industry median. Based on the distribution chart, Trane Technologies ranks #449 out of 1727 companies in the Construction industry, which is above the industry midpoint. Overall, Trane Technologies has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trane Technologies' Piotroski F-Score compare to JCI and CARR?
According to the Construction industry distribution chart, Trane Technologies ranks #449 out of 1727 companies for Piotroski F-Score. This puts Trane Technologies in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Trane Technologies' value of 6 is 20% above this benchmark. Historically, Trane Technologies' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Trane Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,727 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trane Technologies's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trane Technologies and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trane Technologies's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. 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 (HAM:2IS) is currently considered Fairly Valued. The stock's GF Value™ is €363.58, compared to a current price of €380.10 — trading 4.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Construction industry median of 5.00. Trane Technologies' overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Trane Technologies (HAM:2IS), the current Piotroski F-Score is 6 as of Aug. 01, 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 (HAM:2IS) Overvalued in 2026?
Based on GuruFocus' analysis, Trane Technologies stock appears to be overvalued.
The current stock price of €380.10 is trading 4.5% above its estimated GF Value™ of €363.58.
GuruFocus considers Trane Technologies to be Fairly Valued.
Key valuation signals for HAM:2IS:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €363.58 vs. price of €380.10 (4.5% above fair value)
Industry Position: 20% above the Construction median (#449 of 1727)
No single metric tells the full story. See the HAM:2IS 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.
93GF Score
Get the complete analysis for HAM:2IS
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