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Otis Worldwide's Forward PE Ratio for today is 24.88.
Otis Worldwide's PE Ratio without NRI for today is 26.70.
Otis Worldwide's PE Ratio for today is 27.78.
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.
Otis Worldwide Annual Data | |||||||||||
Trend | 2020-12 | 2021-12 | 2022-12 | 2023-12 | 2024-05 | ||||||
Forward PE Ratio | 25.51 | 26.60 | 22.52 | 22.83 | 24.88 |
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 | 26.81 | 24.15 | 25.51 | 25.13 | 28.74 | 26.32 | 26.60 | 23.58 | 21.69 | 17.86 | 22.52 | 24.39 | 25.71 | 20.12 | 22.83 | 25.51 |
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.
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.
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 (NYSE:OTIS) 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 .
Thank you for viewing the detailed overview of Otis Worldwide's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas A Bartlett | director | 116 HUNTINGTON AVENUE, BOSTON MA 02116 |
Jill Brannon | director | 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120 |
Tracy A Embree | officer: President, Otis Americas | 500 JACKSON STREET, COLUMBUS IN 47201 |
Viseras Enrique Minarro | officer: President, Otis EMEA | C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036 |
Fernandez Bernardo Calleja | officer: President, Otis EMEA | 1 CARRIER PLACE, FARMINGTON CT 06032 |
Michael Patrick Ryan | officer: VP, CAO and Controller | 10 FARM SPRINGS ROAD, FARMINGTON CT 06032 |
Sally Loh | officer: President, Otis China | 1 CARRIER PLACE, FARMINGTON CT 06032 |
James F. Cramer | officer: President, Otis Americas | 1 CARRIER PLACE, FARMINGTON CT 06032 |
Nora E. Lafreniere | officer: EVP, Chief GC & Corp. Sec. | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Montlivault Stephane De | officer: President, Otis Asia Pacific | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Peiming Zheng | officer: President, Otis China | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Nelda J Connors | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
Anurag Maheshwari | officer: EVP and CFO | 1 CARRIER PLACE, FARMINGTON CT 06032 |
Rahul Ghai | officer: EVP & Chief Financial Officer | GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210 |
Abbe Luersman | officer: EVP & CPO | 1 CARRIER PLACE, FARMINGTON CT 06032 |
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