P/E ratio for Otis Worldwide (OTIS)
P/E ratio as of April 2024 (TTM): 28.6
According to Otis Worldwide's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.5898. At the end of 2022 the company had a P/E ratio of 26.4.
P/E ratio history for Otis Worldwide from 2020 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 26.4 | -11.88% |
| 2021 | 29.9 | -7.42% |
| 2020 | 32.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Otis Worldwide OTIS | 28.6 | 0.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.