Cummins Inc. CMI
- Market cap
- $72.3B
- P/E
- 26.7×
Follow CMI
Cummins Inc. (CMI) EV/EBITDA
As of 25 September 2026, Cummins Inc. (CMI) trades at a EV/EBITDA of 15.0×. Over the past ten years it has ranged from 4.8× (March 2020) to 21.0× (June 2026); the current reading is higher than 88% of that period. That is below the Specialty Industrial Machinery industry median of 16.1× and above the Industrials sector median of 12.9×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 14.4× | 34.64% |
| FY2024 | 10.7× | (18.29%) |
| FY2023 | 13.1× | 32.41% |
| FY2022 | 9.9× | 3.78% |
| FY2021 | 9.5× | (16.49%) |
| FY2020 | 11.4× | 37.25% |
| FY2019 | 8.3× | 29.19% |
| FY2018 | 6.4× | (36.78%) |
| FY2017 | 10.1× | 2.53% |
| FY2016 | 9.9× | 64.46% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 20.2× | 28.28% |
| Mar 2026 | 15.8× | 9.71% |
| Dec 2025 | 14.4× | 16.60% |
| Sep 2025 | 12.3× | 30.11% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| CMI Cummins Inc. | 15.0× |
| EMR Emerson Electric Co. compare | 16.1× |
| IR Ingersoll Rand Inc. compare | 16.8× |
| ITW Illinois Tool Works Inc. compare | 18.4× |
| PH Parker-Hannifin Corporation compare | 23.3× |
| AME AMETEK, Inc. compare | 24.0× |
| ROK Rockwell Automation, Inc. compare | 25.2× |
| ETN Eaton Corporation, PLC compare | 29.0× |
| SYM Symbotic Inc. compare | 93.2× |
| Specialty Industrial Machinery industry median | 16.1× |
| Industrials sector median | 12.9× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on CMI
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement