Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
P/B ratio for Otis Worldwide Corporation (OTIS)
P/B ratio as of 2023: -7.48
According to Otis Worldwide Corporation's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is -7.48. At the end of 2022 the company had a P/B ratio of -6.75.
P/B ratio history for Otis Worldwide Corporation from 2017 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | -7.48 |
| 2022 | -6.75 |
| 2021 | -10.27 |
| 2020 | -7.64 |
| 2019 | 11.53 |
| 2018 | 12.49 |
| 2017 | 9.97 |