Cummins Inc. CMI
525.06
3.99
0.77%
as of 25 Sep
- Market cap
- $72.3B
- P/E
- 26.7×
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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 | Free account |
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))
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
- Price to free cash flow
- EV/EBITDA
- 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