• Trane Technologies average price/book ratio for 2024 was 10.71, a 52.13% decline from 2023.
• Trane Technologies average price/book ratio for 2023 was 7.04, a 25.94% increase from 2022.
• Trane Technologies average price/book ratio for 2022 was 5.59, a 12.66% increase from 2021.

Price/book ratio can be defined as