The PE ratio for Cummins stock stands at 20.65 as of Jul 25, 2024. This is calculated based on the TTM EPS of $13.71 and the stock price of $283.17 per share. A decrease of 11% has been observed in the PE ratio compared to its average of 23.2 of the last four quarters.
Over the last ten years, the average PE ratio of Cummins has been 16.55. The current 20.65 P/E ratio is 25% higher than the historical average. Looking back at the last ten years, CMI's PE ratio peaked in the Dec 2023 quarter at 46.16, with a price of $239.57 and an EPS of $5.19. The Mar 2020 quarter marked the lowest point at 9.58, with a price of $131.66 and an EPS of $13.74.
Maximum annual increase: 189.59% in 2023
Maximum annual decrease: -65.68% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 46.16 | 189.59% |
| 2022 | 15.94 | 7.7% |
| 2021 | 14.8 | -21.36% |
| 2020 | 18.82 | 52.88% |
| 2019 | 12.31 | 21.64% |
| 2018 | 10.12 | -65.68% |
| 2017 | 29.49 | 77.97% |
| 2016 | 16.57 | 47.95% |
| 2015 | 11.2 | -29.78% |
| 2014 | 15.95 | -10.29% |
Currently, CMI's PE ratio is higher than its 3, 5 and 10-year averages.
In comparison to its peers GE and RBC, CMI's PE ratio is lower, but it is higher than CAT's and PCAR's. Cummins's current PE ratio of 20.65 is lower than the average of its peers, which is 24.15.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PCAR Paccar Inc | 10.27 | $52.02B |
| BWA Borgwarner Inc | 12.38 | $7.48B |
| CAT Caterpillar Inc | 15.74 | $171.48B |
| CMI Cummins Inc | 21.18 | $39.72B |
| GE General Electric Co | 39.77 | $184.13B |
| RBC RBC Bearings Inc. | 45.13 | $8.53B |
As of Jul 25, 2024, CMI stock has a price to earnings ratio of 20.65.
The average PE ratio for CMI stock over the past 3 years is 17.77.
The average PE ratio for CMI stock over the past 5 years is 16.68.
Over the last ten years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 46.16.
The current PE ratio of CMI is 25% higher than the 10-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Cummins's share price is $283.17. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $13.71. Therefore, Cummins's PE ratio for today is 20.65. PE RATIO(20.65) = STOCK PRICE($283.17) / TTM EPS($13.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.