Otis Worldwide Corp. (OTIS) intrinsic value & 10-year financials

Otis Worldwide Corp. (OTIS) has a Graham intrinsic value of $58.34 per share. At $71.33 on Oct 17, 2026, the stock trades 22% above that value. Over the last 9 fiscal years revenue grew 1.6% a year to $14.4B, with an average return on invested capital of 258.3%.

Graham intrinsic value
$58.34
Share price (Oct 17, 2026)
$71.33
Price vs Graham value
22% above
Market cap
$28.2B
Revenue (FY2025)
$14.4B
Revenue growth (9-yr CAGR)
1.6%
ROIC (10-yr avg)
258.3%
Free cash flow (FY2025)
$1.4B

OTIS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $14.4B $1.4B $3.50 $1.4B 14.8% 128.3%
FY2024 $14.3B $1.6B $4.07 $1.4B 14.1% 179.6%
FY2023 $14.2B $1.4B $3.39 $1.5B 15.4% 239.4%
FY2022 $13.7B $1.3B $2.96 $1.4B 14.9% 95.6%
FY2021 $14.3B $1.2B $2.89 $1.6B 14.7% 122.0%
FY2020 $12.8B $906.0M $2.08 $1.3B 12.8% 796.4%
FY2019 $13.1B $1.1B $2.58 $1.3B 13.8% 457.1%
FY2018 $12.9B $1.0B $2.42 $1.4B 14.2% 47.9%
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Otis Worldwide revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Otis Worldwide has earned high returns on invested capital, averaging 51.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Otis Worldwide capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Otis Worldwide is modeled at 5.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $58.34 per share.

OTIS stock: frequently asked questions

What is the intrinsic value of Otis Worldwide Corp. (OTIS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 5.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, OTIS's intrinsic value is about $58.34 per share.

Is OTIS stock undervalued?

At $71.33 (close on Oct 17, 2026), OTIS trades 22% above its Graham value of $58.34. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Otis Worldwide Corp. generate free cash flow?

Otis Worldwide Corp. generated $1.4B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 8 reported years.

What is OTIS's return on invested capital?

Average ROIC over the last 9 fiscal years was 258.3%, and average return on equity was -16.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this OTIS data come from?

From Otis Worldwide Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 23, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar electronic & other electrical equipment stocks