Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Trane Technologies plc, P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Trane Technologies plc Annual Report.


Share Price
The share price exhibited substantial fluctuations over the observed period. It began at approximately $42 in 2006 and remained relatively stable around this level until 2008. A sharp decline occurred in 2009, with the price dropping to roughly $13, likely reflecting broader market or company-specific challenges. Subsequently, the share price showed a consistent upward trajectory, recovering and surpassing previous highs, reaching $183 by early 2023. This trend indicates a strong long-term growth momentum despite interim volatility.
Earnings per Share (EPS)
EPS demonstrated notable variability across the years. Initial values around $3.22 to $3.35 in the mid-2000s were followed by a substantial spike to $14.55 in 2008, before plummeting to a negative value of -$8.23 in 2009. This shift suggests an extraordinary event impacting profitability around that time. After 2009, EPS recovered and generally showed an incremental upward trend, with fluctuations ranging between approximately $1.15 and $7.67 by 2023, reflecting periods of moderate earnings growth and some instability.
Price-to-Earnings (P/E) Ratio
The P/E ratio fluctuated significantly, influenced by the variations in earnings and share price. Early values around 13 were consistent in the mid-2000s, but the ratio dropped sharply to below 3 in 2008, coinciding with the EPS spike. Data in 2009 was unavailable likely due to negative earnings making P/E calculation irrelevant. From 2010 onwards, P/E ratios mostly ranged between 14 and 40, with notable peaks above 40 in 2021, indicating periods where the share price outpaced earnings growth. The ratio's overall pattern suggests valuation adjustments likely responding to earnings volatility and market sentiment changes.

Comparison to Competitors

Trane Technologies plc, P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Capital Goods)


Comparison to Industry (Industrials)