Otis Worldwide Corp

NYSE OTIS

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Otis Worldwide Corp Price to Book Ratio (P/B) on June 03, 2024: -7.95

Otis Worldwide Corp Price to Book Ratio (P/B) is -7.95 on June 03, 2024, a -10.31% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.

Otis Worldwide Corp 52-week high Price to Book Ratio (P/B) is -6.48 on October 25, 2023, which is 18.59% above the current Price to Book Ratio (P/B).
Otis Worldwide Corp 52-week low Price to Book Ratio (P/B) is -8.25 on March 21, 2024, which is -3.76% below the current Price to Book Ratio (P/B).
Otis Worldwide Corp average Price to Book Ratio (P/B) for the last 52 weeks is -7.45.

NYSE: OTIS

Otis Worldwide Corp

CEO	Ms. Judith F. Marks
IPO Date	March 19, 2020
Location	United States
Headquarters	One Carrier Place, Farmington, CT, United States, 06032
Employees	71,000
Sector	Industrials
Industry	Specialty industrial machinery

Description

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

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