• Trane Technologies average price/book ratio for 2023 was 7.17, a 23.83% increase from 2022.
• Trane Technologies average price/book ratio for 2022 was 5.79, a 13.45% increase from 2021.
• Trane Technologies average price/book ratio for 2021 was 6.69, a 25.75% decline from 2020.

Price/book ratio can be defined as