Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 29.75.
Forward PE Ratio (29.75) = Close Price ($453.43) / Consensus Forward EPS ($15.24)
FORWARD PE RATIO
29.75
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
+23.01%
vs the sector median at left
Trane Technologies plc
Market Cap
$99.77B
Forward PE Ratio
29.75
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Trane Technologies plc (TT) | $99.77B | 29.75 |
| Vertiv Holdings Co (VRT)vs › | $100.85B | 38.96 |
| Quanta Services, Inc. (PWR)vs › | $96.12B | 38.22 |
| CSX Corporation (CSX)vs › | $95.57B | 25.69 |
| General Dynamics Corporation (GD)vs › | $103.97B | 22.65 |
| 3M Company (MMM)vs › | $92.29B | 20.01 |
| Howmet Aerospace Inc. (HWM)vs › | $108.70B | 51.16 |
| Waste Management, Inc. (WM)vs › | $89.56B | 27.62 |
| Emerson Electric Co. (EMR)vs › | $88.06B | 23.99 |
| United Parcel Service, Inc. (UPS)vs › | $86.66B | 14.18 |
Trailing P/E
34.4
reported TTM EPS
Forward P/E
29.8
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $15.24 implies +15.5% EPS growth vs the reported trailing $13.19.
At today's $453.43 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $15.24 | $14.89 – $15.49 | 13 | 29.7x |
| 2027-12-31 | $17.51 | $17.09 – $17.97 | 14 | 25.9x |
| 2028-12-31 | $20.17 | $18.83 – $21.22 | 7 | 22.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
