• Trane Technologies average price to free cash flow ratio for 2023 was 27.6, a 26.1% increase from 2022.
• Trane Technologies average price to free cash flow ratio for 2022 was 37.35, a 46.93% decline from 2021.
• Trane Technologies average price to free cash flow ratio for 2021 was 25.42, a 4.29% increase from 2020.

Price to free cash flow ratio can be defined as