CARRCarrier Global

$55.56-8.0% 1Y

Is the price fair?

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A demanding price: priced for +13% a year vs +8% a year delivered, at the top of its own P/E range, and rich vs its sector.

3 to watch
What the price assumes~+13% a year

Priced for ~13% a year FCF growth. The price demands more than its three-year revenue growth of 8% a year, priced for acceleration.

Vs its own P/E rangedearer than 80% of its own historyderived

Expensive vs its own history: P/E 36.3 vs a 18.0 median over 25 quarters (+102% vs median).

Vs sector (EV/EBIT)38.7×

Sector median 23.3× across 246 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Unless marked, from derived, as of Mar 31, 2026.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)behind 77% of the market
FCF yieldbehind 74% of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What CARR's price assumes

Carrier Global trades at 36.3× earnings against 23.2× for the median Building Products & Equipment name, more expensive than its own group.

36.3

Trailing P/E · Building Products & Equipment median 23.2 · 1.56× the median: the market pays up for this one

Price / sales
2.73

Price / sales · today's price, trailing year to Mar 31, 2026

Free cash flow yield
2.8%

Free cash flow yield · Building Products & Equipment median 6.3%

Growth the price implies
+13%

Growth the price implies · The price pays for +13% free cash flow growth a year for a decade; the business has delivered −0.93% a year over the last three.

Details›
Price / booktoday's price, trailing year to Mar 31, 2026
4.32
EV / EBITtoday's price, trailing year to Mar 31, 2026
38.7
EV / salestoday's price, trailing year to Mar 31, 2026
3.19
Industrials median P/E440 names
26.5
Building Products & Equipment median P/E25 names
23.2
Free cash flow, trailing twelve months
$1.69B
Market capitalisation
$59.6B
3-year revenue growth
+8.4%
3-year free cash flow growth
−0.93%
CARR has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 36.3× today against a 18.0× median
52-week range$49.97 – $74.06
Today$55.56

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.