P/E Ratio Insights for Trane Technologies
Portfolio Pulse from Benzinga Insights
Trane Technologies Inc.'s (NYSE:TT) shares are trading at $202.00, after a 0.45% drop. Over the past month, the stock decreased by 0.61%, but over the past year, it increased by 28.88%. The company's P/E ratio is 24.75, lower than the Building Products industry average of 34.67, which could indicate that the stock is undervalued or might perform worse than its industry peers.
October 02, 2023 | 6:30 pm
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Trane Technologies' stock decreased by 0.61% over the past month but increased by 28.88% over the past year. Its P/E ratio of 24.75 is lower than the industry average, indicating potential undervaluation or underperformance.
The stock's recent decrease and lower P/E ratio compared to the industry average could indicate potential undervaluation or underperformance. However, the stock's increase over the past year suggests strong long-term performance.
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IMPORTANCE 75
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