Otis Worldwide (MEX:OTIS) Beneish M-Score: -2.46 (As of Jun. 25, 2026)

What is Otis Worldwide Beneish M-Score?

Otis Worldwide MEX:OTIS 67 Beneish M-Score is -2.46 as of Jun. 25, 2026. GuruFocus rates MEX:OTIS with a GF Score™ of 67/100 and a GF Value™ of MXN1,714.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, Otis Worldwide ranks better than 50.14% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Otis Worldwide's Beneish M-Score or its related term are showing as below:

MEX:OTIS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02 Med: -2.52 Max: -2.32
Current: -2.46

During the past 9 years, the highest Beneish M-Score of Otis Worldwide was -2.32. The lowest was -3.02. And the median was -2.52.

Otis Worldwide Beneish M-Score Related Terms

Otis Worldwide Beneish M-Score Historical Data

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The historical data trend for Otis Worldwide's Beneish M-Score 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 Beneish M-Score Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.67

-2.53

-2.52

-2.41

Otis Worldwide Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.56	-2.42	-2.48	-2.41	-2.46

MEX:OTIS vs IR, XYL, DOV: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's Beneish M-Score falls into.

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67GF Score

Otis Worldwide Corp MEX:OTIS

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Otis Worldwide Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Otis Worldwide for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0133

0.528 * 0.9817

0.404 * 1.1438

0.892 * 0.9538

0.115 * 1.0834

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0311

4.679 * -0.022817

0.327 * 1.0512

-2.58

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was MXN84,231 Mil.
Revenue was 64304.608 + 68349.637 + 67690.098 + 67690.974 = MXN268,035 Mil.
Gross Profit was 19511.381 + 20652.538 + 20783.979 + 20504.999 = MXN81,453 Mil.
Total Current Assets was MXN116,563 Mil.
Total Assets was MXN190,101 Mil.
Property, Plant and Equipment(Net PPE) was MXN23,370 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN3,185 Mil.
Selling, General, & Admin. Expense(SGA) was MXN35,508 Mil.
Total Current Liabilities was MXN139,285 Mil.
Long-Term Debt & Capital Lease Obligation was MXN131,260 Mil.
Net Income was 6131.118 + 6734.132 + 6860.731 + 7399.876 = MXN27,126 Mil.
Non Operating Income was 0 + -1530.485 + -73.377 + 0 = MXN-1,604 Mil.
Cash Flow from Operations was 7447.505 + 14710.657 + 6860.731 + 4048.278 = MXN33,067 Mil.

Total Receivables was MXN87,152 Mil.
Revenue was 68534.97 + 76644.697 + 69861.184 + 65970.691 = MXN281,012 Mil.
Gross Profit was 20478.658 + 22357.31 + 21226.143 + 19767.391 = MXN83,830 Mil.
Total Current Assets was MXN152,107 Mil.
Total Assets was MXN228,682 Mil.
Property, Plant and Equipment(Net PPE) was MXN23,813 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN3,557 Mil.
Selling, General, & Admin. Expense(SGA) was MXN36,104 Mil.
Total Current Liabilities was MXN161,456 Mil.
Long-Term Debt & Capital Lease Obligation was MXN148,158 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(84230.742 / 268035.317)	/	(87151.932 / 281011.542)
	=	0.314252	/	0.310136
	=	1.0133

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(83829.502 / 281011.542)	/	(81452.897 / 268035.317)
	=	0.298313	/	0.303889
	=	0.9817

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (116563.373 + 23370.379) / 190100.724)	/	(1 - (152106.717 + 23813.345) / 228681.76)
	=	0.263897	/	0.230721
	=	1.1438

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	268035.317	/	281011.542
	=	0.9538

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(3556.576 / (3556.576 + 23813.345))	/	(3185.228 / (3185.228 + 23370.379))
	=	0.129945	/	0.119946
	=	1.0834

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(35508.353 / 268035.317)	/	(36104.194 / 281011.542)
	=	0.132476	/	0.128479
	=	1.0311

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((131260.023 + 139284.575) / 190100.724)	/	((148158.285 + 161456.115) / 228681.76)
	=	1.423164	/	1.353909
	=	1.0512

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(27125.857 - -1603.862	-	33067.171)	/	190100.724
	=	-0.022817

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Otis Worldwide has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.46 mean?

Otis Worldwide (MEX:OTIS) has a Beneish M-Score of -2.46 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Otis Worldwide and its competitors. According to the industry distribution chart, Otis Worldwide ranks #1459 out of 2926 companies in the Industrial Products industry, placing it in the top 49.9%.

Is Otis Worldwide's Beneish M-Score too high?

Otis Worldwide's current Beneish M-Score is -2.46. Based on the distribution chart, Otis Worldwide ranks #1459 out of 2926 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Otis Worldwide has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Otis Worldwide's Beneish M-Score compare to IR and XYL?

According to the Industrial Products industry distribution chart, Otis Worldwide ranks #1459 out of 2926 companies for Beneish M-Score. This puts Otis Worldwide in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for an Industrial Products company?

A good Beneish M-Score depends on the Industrial Products industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Otis Worldwide and its competitors. Otis Worldwide's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Otis Worldwide stock overvalued right now?

Based on GuruFocus' analysis, Otis Worldwide (MEX:OTIS) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN1,714.35, compared to a current price of MXN1,230.00 — trading 28.3% below its estimated fair value. The current Beneish M-Score is -2.46. Otis Worldwide's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For Otis Worldwide (MEX:OTIS), the current Beneish M-Score is -2.46 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Otis Worldwide (MEX:OTIS) Overvalued in 2026?

Based on GuruFocus' analysis, Otis Worldwide stock appears to be undervalued. The current stock price of MXN1,230.00 is trading 28.3% below its estimated GF Value™ of MXN1,714.35. GuruFocus considers Otis Worldwide to be Modestly Undervalued.

Key valuation signals for MEX:OTIS:

Beneish M-Score: -2.46
GF Value™: MXN1,714.35 vs. price of MXN1,230.00 (28.3% below fair value)
GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the MEX:OTIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Otis Worldwide Business Description

Industry Industrials Industrial Products

Comparable Companies IR XYL DOV ITT GNRC NDSN IEX RRX GGG PNR GEV XTER:SIE XPAR:SU XTER:ENR ETN PH OSTO:ATCO A CMI EMR TSE:7011

Other Exchanges OTIS:USA 1OTIS:Italy O1TI34:Brazil OTIS:Austria

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.

67GF Score

Get the complete analysis for MEX:OTIS

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,230.00

Price

MXN1,714.35

GF Value

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