Otis Worldwide (WBO:OTIS) Price-to-Tangible-Book : (As of Apr. 29, 2024)

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What is Otis Worldwide Price-to-Tangible-Book?

As of today (2024-04-29), Otis Worldwide's share price is €86.90. Otis Worldwide's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was €-15.80. Hence, Otis Worldwide's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Otis Worldwide's Price-to-Tangible-Book or its related term are showing as below:

WBO:OTIS's Price-to-Tangible-Book is not ranked ^*
in the Industrial Products industry.
Industry Median: 2.09
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Otis Worldwide's share price is €86.90. Otis Worldwide's Book Value per Sharefor the quarter that ended in Mar. 2024 was €-11.44. Hence, Otis Worldwide's P/B Ratio of today is .

Otis Worldwide Price-to-Tangible-Book Historical Data

The historical data trend for Otis Worldwide's Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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Otis Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Otis Worldwide's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Otis Worldwide's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Otis Worldwide's Price-to-Tangible-Book falls into.

Otis Worldwide Price-to-Tangible-Book Calculation

Otis Worldwide's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	86.90	/	-15.801
	=

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Otis Worldwide Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Otis Worldwide's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Otis Worldwide (WBO:OTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (WBO:OTIS) » Definitions » Price-to-Tangible-Book

Comparable Companies

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.