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Cummins Inc.

CMI Industrials Specialty Industrial Machinery

Cummins Inc.’s revenue for fiscal 2025 (year ended December 2025) was $33.7 billion, down 1.27% from fiscal 2024.

Revenue: +13.5%
EPS: +113.7%
Free cash flow: +9.43%
Total debt: −2.27%

Quarter to September 2026, against a year earlier

447.01 24.83 −5.26%

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Market cap: $61.8B
P/E: 18.6×
Fwd P/E: 17.8×
Dividend yield: 1.83%
F-score: 6/9
Altman Z: 4.62
Beneish M: −2.48
Dividend safety: 82/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Cummins Inc. (CMI) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Cummins Inc. (CMI) trades at a P/B ratio of 4.3×. Over the past ten years it has ranged from 1.9× (December 2015) to 7.5× (June 2026); the current reading is higher than 87% of that period. That is above the Specialty Industrial Machinery industry median of 3.0× and above the Industrials sector median of 2.2×.

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<iframe src="https://stockrow.com/embed/CMI/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Cummins Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CMI/metrics/pb-ratio">Cummins Inc. (CMI) P/B ratio — stockrow.com</a></p>

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%

Period	P/B ratio	Change
Sep 2026	5.0×	(30.00%)
Jun 2026	7.1×	27.10%
Mar 2026	5.6×	5.99%
Dec 2025	5.2×	17.97%
43 more quarters	Free account

Against its own ten years

Low 1.9× High 7.5×

Ten-year median 3.3×

Current reading's percentile 86

Company	P/B ratio
OTIS Otis Worldwide Corporation compare	n/m
IR Ingersoll Rand Inc. compare	3.0×
CMI Cummins Inc.	4.3×
AME AMETEK, Inc. compare	4.4×
ETN Eaton Corporation, PLC compare	6.0×
PH Parker-Hannifin Corporation compare	7.1×
ROK Rockwell Automation, Inc. compare	12.1×
ITW Illinois Tool Works Inc. compare	25.8×
EMR Emerson Electric Co. compare	5,694×
Specialty Industrial Machinery industry median	3.0×
Industrials sector median	2.2×
Market median	1.7×

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 →

Cummins Inc. (CMI) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on CMI

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on CMI

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