TacticScaleWhat Otis Worldwide Does & How It Makes Money (OTIS)
Updated October 2026 · reflects Otis Worldwide's latest reported financials
World's oldest elevator maker, focused on installing and servicing elevators and escalators. Otis earns money by selling and installing new elevators and escalators to developers and contractors, either directly or through agents and distributors.
How Otis Worldwide makes money
Otis earns money by selling and installing new elevators and escalators to developers and contractors, either directly or through agents and distributors. It also earns ongoing revenue from maintenance, repair and modernization services on installed equipment.
What Otis Worldwide does
Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut. It designs, manufactures, installs and services elevators and escalators in the United States, China and other international markets. The company has two segments. New Equipment sells passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It sells to real-estate developers, building developers and general contractors, either directly or through agents and distributors. The Service segment maintains and repairs elevators and escalators that are already installed, and modernizes older units. This gives Otis a second source of revenue alongside new-equipment sales, which depend on construction activity.
Products & services
- Passenger elevators
- Freight elevators
- Escalators
- Moving walkways
- Elevator maintenance and repair services
- Elevator and escalator modernization
What is Otis Worldwide worth?
On an owner-earnings DCF, Otis Worldwide's most-likely value is about $93 versus a recent price near $66 (41% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$43) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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