Carrier Global Corporation (CARR) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier bran...
Carrier Global Corporation (CARR) currently trades at a P/E ratio of 37.16 (historical range: 8.20–49.60, median: 17.85), placing it at the 77th percentile — above its historical average, P/S ratio of 2.05 (range: 1.44–3.37, 31th percentile — below its historical average), EV/EBITDA of 32.73 (range: 7.73–41.53, 89th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Carrier Global Corporation's P/E ratio has expanded by 19% over the observed period (from an average of 20.0 to 23.9).
Carrier Global Corporation trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 37.16 | 17.85 | 77th | above its historical average |
| P/S Ratio | 2.05 | 2.23 | 31th | below its historical average |
| EV/EBITDA | 32.73 | 20.10 | 89th | expensive relative to its history |
| FCF Yield | 4.25% | 3.11% | 78th | below its historical average |
Carrier Global Corporation (CARR) Valuation & P/E History
Carrier Global Corporation (CARR) is a US-listed stock operating in the Industrials sector, specifically the Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip industry currently trading at $54.95 with a market capitalization of $45.3 billion. This page provides historical valuation analysis for CARR based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 37.16 is above the historical median of 17.85, placing CARR at the 77th percentile of its valuation range. The P/S ratio of 2.05 compares to a median of 2.23.
CARR Valuation Metrics & Historical Range
The valuation table above shows Carrier Global Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CARR is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CARR is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Carrier Global Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CARR Overvalued or Undervalued?
Carrier Global Corporation trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 66 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CARR is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CARR analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CARR trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.