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Otis Worldwide (FRA:4PG) Forward PE Ratio

: 24.51 (As of Today)
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Otis Worldwide's Forward PE Ratio for today is 24.51.

Otis Worldwide's PE Ratio without NRI for today is 26.90.

Otis Worldwide's PE Ratio for today is 28.01.

Otis Worldwide Forward PE Ratio Historical Data

The historical data trend for Otis Worldwide's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Otis Worldwide Annual Data
Trend 2020-12 2021-12 2022-12 2023-12 2024-04
Forward PE Ratio
24.45 26.39 22.47 22.78 25.06

Otis Worldwide Quarterly Data
2020-06 2020-09 2020-12 2021-03 2021-06 2021-09 2021-12 2022-03 2022-06 2022-09 2022-12 2023-03 2023-06 2023-09 2023-12 2024-03
Forward PE Ratio 26.67 24.27 24.45 24.88 28.49 26.60 26.39 23.47 21.10 18.15 22.47 24.10 25.58 20.04 22.78 25.64
Competitive Comparison

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Otis Worldwide Forward PE Ratio Distribution

For the Industrial Products industry and Industrials sector, Otis Worldwide's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's Forward PE Ratio falls into.


Otis Worldwide Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Otis Worldwide  (FRA:4PG) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Otis Worldwide Forward PE Ratio Related Terms

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Otis Worldwide (FRA:4PG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (FRA:4PG) » Definitions » Forward PE Ratio
Comparable Companies
CMI AME ROK IR XYL DOV PH IEX GGG EMR GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A TSE:6273 BSP:WEGE3 SHSE:600406
Traded in Other Exchanges
OTIS:USA OTIS:Mexico 4PG:Germany O1TI34:Brazil
Address
One Carrier Place, Farmington, CT, USA, 06032
Website
https://www.otis.com
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide (FRA:4PG) Headlines

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