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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 -2.52 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:
XTER:4PG'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.02 Med: -2.52 Max: -2.32
Current: -2.52
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
* Premium members only.
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.
XTER:4PG vs DOV, XYL, IR: 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.
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:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 1.0869
+
0.528 * 0.9917
+
0.404 * 0.9857
+
0.892 * 0.9921
+
0.115 * 1.1648
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9975
+
4.679 * -0.023131
-
0.327 * 1.0039
=
-2.51
* 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.
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.
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))
=
(166.086 / (166.086 + 1094.154))
/
(147.839 / (147.839 + 1158.78))
=
0.131789
/
0.113146
=
1.1648
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
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
=
(1303.648 - -77.734
-
1605.367)
/
9683.408
=
-0.023131
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 -2.51 suggests that the company is unlikely to be a manipulator.
Otis Worldwide (XTER:4PG) has a Beneish M-Score of -2.52 as of Jul. 27, 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 #1285 out of 2914 companies in the Industrial Products industry, placing it in the top 44.1%.
Is Otis Worldwide's Beneish M-Score too high?
Otis Worldwide's current Beneish M-Score is -2.52. Based on the distribution chart, Otis Worldwide ranks #1285 out of 2914 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Otis Worldwide has a GF Score™ of 68/100 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 DOV and XYL?
According to the Industrial Products industry distribution chart, Otis Worldwide ranks #1285 out of 2914 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 -2.52. 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 (XTER:4PG) is currently considered Modestly Undervalued. The stock's GF Value™ is €86.39, compared to a current price of €63.04 — trading 27% below its estimated fair value. The current Beneish M-Score is -2.52. Otis Worldwide's overall GF Score™ is 68/100 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 (XTER:4PG), the current Beneish M-Score is -2.52 as of Jul. 27, 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 (XTER:4PG) Overvalued in 2026?
Based on GuruFocus' analysis, Otis Worldwide stock appears to be undervalued.
The current stock price of €63.04 is trading 27% below its estimated GF Value™ of €86.39.
GuruFocus considers Otis Worldwide to be Modestly Undervalued.
Key valuation signals for XTER:4PG:
Beneish M-Score: -2.52
GF Value™: €86.39 vs. price of €63.04 (27% below fair value)
No single metric tells the full story. See the XTER:4PG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
68GF Score
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