What is Otis Worldwide Earnings Yield (Joel Greenblatt) %?
Otis Worldwide's Enterprise Value for the quarter that ended in Mar. 2024 was $46,612 Mil.
Otis Worldwide's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $2,217 Mil. Otis Worldwide's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 4.76%.
The historical rank and industry rank for Otis Worldwide's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OTIS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.41 Med: 5.03 Max: 9.49
Current: 5.09
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Otis Worldwide was 9.49%. The lowest was 4.41%. And the median was 5.03%.
OTIS's Earnings Yield (Joel Greenblatt) % is ranked better than 54.36% of 3037
companies
in the Industrial Products industry
Industry Median: 4.41
vs OTIS: 5.09
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Otis Worldwide's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Otis Worldwide Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Otis Worldwide's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Otis Worldwide's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Otis Worldwide's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Otis Worldwide's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Otis Worldwides Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Otis Worldwide's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,217 Mil.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Otis Worldwide Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Otis Worldwide's Earnings Yield (Joel Greenblatt) % 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OTIS has been successfully added to your 