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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-14), Otis Worldwide's share price is $97.79. Otis Worldwide's Book Value per Share for the quarter that ended in Sep. 2024 was $-12.27. Hence, Otis Worldwide's PB Ratio of today is .
The historical rank and industry rank for Otis Worldwide's PB Ratio or its related term are showing as below:
During the past 7 years, Otis Worldwide's highest PB Ratio was 11.52. The lowest was 11.46. And the median was 11.49.
During the past 3 years, the average Book Value Per Share Growth Rate was -10.80% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Otis Worldwide was -10.80% per year. The lowest was -10.80% per year. And the median was -10.80% per year.
The historical data trend for Otis Worldwide's PB 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 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
PB Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
Otis Worldwide Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
PB Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
For the Specialty Industrial Machinery subindustry, Otis Worldwide's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio distribution charts can be found below:
* The bar in red indicates where Otis Worldwide's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Otis Worldwide's PB Ratio for today is calculated as follows:
PB Ratio | = | Share Price | / | Book Value per Share (Q: Sep. 2024) |
= | 97.79 | / | -12.271 | |
= |
* 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.
It can also be calculated from the numbers for the whole company:
PB Ratio | = | Market Cap | / | (Total Stockholders Equity | - | Preferred Stock) |
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Otis Worldwide (NYSE:OTIS) PB Ratio Explanation
Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Thank you for viewing the detailed overview of Otis Worldwide's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Patrick Ryan | officer: VP, CAO and Controller | 10 FARM SPRINGS ROAD, FARMINGTON CT 06032 |
Abbe Luersman | officer: EVP & CPO | 1 CARRIER PLACE, FARMINGTON CT 06032 |
Peiming Zheng | officer: President, Otis China | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Montlivault Stephane De | officer: President, Otis Asia Pacific | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Nora E. Lafreniere | officer: EVP, Chief GC & Corp. Sec. | ONE CARRIER PLACE, FARMINGTON CT 06032 |
Judith Fran Marks | director, officer: President and CEO | C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484 |
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 |
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 |
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 |
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