Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Otis Worldwide's share price for the quarter that ended in Mar. 2024 was $99.27. Otis Worldwide's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 404 Mil. Therefore, Otis Worldwide's market cap for the quarter that ended in Mar. 2024 was $40,123 Mil.
Otis Worldwide's quarterly market cap
increased
from Sep. 2023 ($32,871 Mil) to Dec. 2023 ($36,379 Mil) and
increased
from Dec. 2023 ($36,379 Mil) to Mar. 2024 ($40,123 Mil).
Otis Worldwide's annual market cap
declined
from Dec. 2021 ($37,005 Mil) to Dec. 2022 ($32,483 Mil) but then
increased
from Dec. 2022 ($32,483 Mil) to Dec. 2023 ($36,379 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Otis Worldwide's Enterprise Value for Today is $43,560 Mil.
Otis Worldwide Market Cap Historical Data
The historical data trend for Otis Worldwide's Market Cap 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.
Competitive Comparison of Otis Worldwide's Market Cap
For the Specialty Industrial Machinery subindustry, Otis Worldwide's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Otis Worldwide's Market Cap distribution charts can be found below:
* The bar in red indicates where Otis Worldwide's Market Cap falls into.
Otis Worldwide Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Otis Worldwide's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:OTIS) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Otis Worldwide Market Cap Related Terms
Thank you for viewing the detailed overview of Otis Worldwide's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Otis Worldwide (Otis Worldwide) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OTIS has been successfully added to your 