• Trane Technologies average price/book ratio for 2024 was 10.65, a 49.37% increase from 2023.
• Trane Technologies average price/book ratio for 2023 was 7.13, a 24.65% increase from 2022.
• Trane Technologies average price/book ratio for 2022 was 5.72, a 13.73% increase from 2021.

Price/book ratio can be defined as