Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 31.85 as of Saturday, August 8, 2026.
Forward PE Ratio (31.85) = Close Price ($482.31) / Consensus Forward EPS ($15.14)
FORWARD PE RATIO
31.85
SECTOR MEDIAN · INDUSTRIALS
25.05
median of 119 covered companies
CURRENT VS SECTOR MEDIAN
+27.15%
vs the sector median at left
Trane Technologies plc
Market Cap
$106.12B
Forward PE Ratio
31.85
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Trane Technologies plc (TT) | $106.12B | 31.85 |
| General Dynamics Corporation (GD)vs › | $106.07B | 23.17 |
| Vertiv Holdings Co (VRT)vs › | $104.87B | 40.66 |
| Quanta Services, Inc. (PWR)vs › | $101.01B | 43.20 |
| Howmet Aerospace Inc. (HWM)vs › | $112.78B | 55.66 |
| 3M Company (MMM)vs › | $94.32B | 20.54 |
| CSX Corporation (CSX)vs › | $93.12B | 25.05 |
| Waste Management, Inc. (WM)vs › | $91.01B | 28.05 |
| Cummins Inc. (CMI)vs › | $88.90B | 21.83 |
| United Parcel Service, Inc. (UPS)vs › | $88.76B | 14.55 |
Trailing P/E
36.6
reported TTM EPS
Forward P/E
31.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $15.14 implies +14.8% EPS growth vs the reported trailing $13.19.
At today's $482.31 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 | $15.14 | $14.91 – $15.31 | 11 | 31.8x |
| 2027-12-31 | $17.38 | $16.94 – $17.91 | 14 | 27.7x |
| 2028-12-31 | $20.13 | $18.83 – $21.22 | 8 | 24.0x |
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
