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 (2024-04-26), Otis Worldwide's share price is $93.02. Otis Worldwide's Book Value per Share for the quarter that ended in Dec. 2023 was $-12.11. 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.
OTIS's PB Ratio is not ranked *
in the Industrial Products industry.
Industry Median: 1.9 * Ranked among companies with meaningful PB Ratio only.
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.
Back to Basics: PB Ratio
Otis Worldwide PB Ratio Historical Data
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.
Competitive Comparison of Otis Worldwide's PB Ratio
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.
Otis Worldwide's PB Ratio Distribution in the Industrial Products Industry
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.
Otis Worldwide PB Ratio Calculation
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:
* 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:
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.
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.
Otis Worldwide PB Ratio Related Terms
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.
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.
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