Home Compare HLMA.L vs TT
Stock Comparison · Single-driver result

Halma vs Trane Technologies: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Halma carrying a narrow edge on growth. Trane Technologies still leads on profitability and valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The comparison is mainly decided in growth, with the rest of the profile carrying less weight.

Trajectory Similarity
0.79
Similar
Peer-set rank: #3
within Halma plc's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The strongest overlap appears in investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HLMA.L
Halma plc
50
Peer-Score
Signal qualityMedium
vs
TT
Trane Technologies plc
48
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: HLMA.L vs TT Profitability 39 56 Stability 59 45 Valuation 30 56 Growth 89 24 HLMA.L TT
Gap Ranking
#1 Growth +65
#2 Valuation +26
#3 Profitability +17
#4 Stability +14
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HLMA.L and TT Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HLMA.LTT Relative valuation Structural strength

The setup splits cleanly: structure favours Halma plc, while the price setup favours Trane Technologies plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
Halma plc ranks near the top of the group on growth; Trane Technologies plc sits in the weaker half.
Valuation
On valuation, Trane Technologies plc is positioned higher in the group, while Halma plc is closer to the middle.
Growth — Dominant Gap
HLMA.L
89
TT
24
Gap+65in favour of HLMA.L

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Trane Technologies, with a forward P/E that is 5.7 turns lower there.

What this means for the comparison

Growth is the clearest driver of the lead, with valuation adding further support — though profitability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the HLMA.L vs TT comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how HLMA.L and TT each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.