TRANE TECHNOLOGIES PLC
TT · Healthcare · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power54
Median gross margin 30.5% over 5y, very stable.
Returns on capital88
Median ROIC 17.3%, above the 9% hurdle in 100% of years.
Balance-sheet safety85
Net debt/EBITDA 0.7x, interest coverage 18x.
Capital discipline64
Owner earnings +6.6%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $2.1B
- Est. intrinsic value / share
- —
- Recent price
- $469.75
- Discount to value
- No price data
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.