Cummins Inc. CMI

525.06 3.99 0.77% as of 25 Sep
Market cap
$72.3B
P/E
26.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Cummins Inc. (CMI) P/B ratio

As of 25 September 2026, Cummins Inc. (CMI) trades at a P/B ratio of 5.2×. Over the past ten years it has ranged from 1.9× (December 2015) to 7.5× (June 2026); the current reading is higher than 93% of that period. That is above the Specialty Industrial Machinery industry median of 3.0× and above the Industrials sector median of 2.4×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 5.2× 23.23%
FY2024 4.3× 23.47%
FY2023 3.5× 0.84%
FY2022 3.4× (1.98%)
FY2021 3.5× (6.76%)
FY2020 3.7× 13.97%
FY2019 3.3× 25.17%
FY2018 2.6× (27.40%)
FY2017 3.6× 9.76%
FY2016 3.3× 62.91%

Quarterly

Period P/B ratio Change
Jun 2026 7.1× 27.10%
Mar 2026 5.6× 5.99%
Dec 2025 5.2× 17.97%
Sep 2025 4.5× 26.94%
42 more quarters

Against its own ten years

Low 1.9× High 7.5×
Ten-year median 3.3×
Current reading's percentile 93

P/B ratio against peers

Company P/B ratio
IR Ingersoll Rand Inc. compare 2.9×
EMR Emerson Electric Co. compare 4.3×
SYM Symbotic Inc. compare 4.9×
AME AMETEK, Inc. compare 5.1×
CMI Cummins Inc. 5.2×
PH Parker-Hannifin Corporation compare 8.0×
ETN Eaton Corporation, PLC compare 8.4×
ROK Rockwell Automation, Inc. compare 13.8×
ITW Illinois Tool Works Inc. compare 27.1×
Specialty Industrial Machinery industry median 3.0×
Industrials sector median 2.4×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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