Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Trane Technologies's share price for the quarter that ended in Dec. 2023 was $243.9. Trane Technologies's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 227 Mil. Therefore, Trane Technologies's market cap for the quarter that ended in Dec. 2023 was $55,407 Mil.
Trane Technologies's quarterly market cap
increased
from Jun. 2023 ($43,607 Mil) to Sep. 2023 ($46,223 Mil) and
increased
from Sep. 2023 ($46,223 Mil) to Dec. 2023 ($55,407 Mil).
Trane Technologies's annual market cap
declined
from Dec. 2021 ($47,516 Mil) to Dec. 2022 ($38,464 Mil) but then
increased
from Dec. 2022 ($38,464 Mil) to Dec. 2023 ($55,407 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Trane Technologies's Enterprise Value for Today is $71,850 Mil.
Trane Technologies Market Cap Historical Data
The historical data trend for Trane Technologies's Market Cap 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.
Competitive Comparison of Trane Technologies's Market Cap
For the Building Products & Equipment subindustry, Trane Technologies's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Construction Industry
For the Construction industry and Industrials sector, Trane Technologies's Market Cap distribution charts can be found below:
* The bar in red indicates where Trane Technologies's Market Cap falls into.
Trane Technologies Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Trane Technologies's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:TT) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Trane Technologies Market Cap Related Terms
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Trane Technologies (Trane Technologies) Business Description
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 $16 billion 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 over 70% of its revenue.
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