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CMI Cummins PE ratio, current and historical analysis

The PE ratio for Cummins stock stands at 19.44 as of Jun 14, 2024. This is calculated based on the TTM EPS of $13.71 and the stock price of $266.48 per share. A decrease of 16% has been observed in the PE ratio compared to its average of 23.2 of the last four quarters.

CMI PE ratio history

How has CMI's PE ratio performed in the past

Over the last ten years, the average PE ratio of Cummins has been 16.59. The current 19.44 P/E ratio is 17% 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.

Average
16.59
Median
15.08
Minimum
9.58
Maximum
46.16

Cummins PE ratio by year

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%

CMI average PE ratio chart

What is the average PE ratio of CMI for the past years

Currently, CMI's PE ratio is higher than its 3, 5 and 10-year averages.

3-year avg
17.63
5-year avg
16.37
10-year avg
16.59
15-year avg
16.71

CMI PE vs peers

What is CMI's PE ratio compared to its peers

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 19.44 is lower than the average of its peers, which is 26.05.

Stock name PE ratio Market cap
PCAR Paccar Inc 11.05 $55.94B
BWA Borgwarner Inc 12.21 $7.37B
CAT Caterpillar Inc 14.44 $157.29B
CMI Cummins Inc 19.44 $36.45B
RBC RBC Bearings Inc. 42.09 $7.96B
GE General Electric Co 50.45 $170.63B

Frequently asked questions

What is Cummins's PE ratio?

As of Jun 14, 2024, CMI stock has a price to earnings ratio of 19.44.

What is the 3-year average PE ratio for Cummins (CMI)?

The average PE ratio for CMI stock over the past 3 years is 17.63.

What is the 5-year average PE ratio for Cummins (CMI)?

The average PE ratio for CMI stock over the past 5 years is 16.37.

What is the highest PE ratio for CMI?

Over the last ten years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 46.16.

How does the current PE ratio for CMI compare to its historical average?

The current PE ratio of CMI is 17% higher than the 10-year historical average.

How is CMI's PE ratio calculated (Cummins PE ratio formula)?

The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 14, 2024), Cummins's share price is $266.48. 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 19.44. PE RATIO(19.44) = STOCK PRICE($266.48) / TTM EPS($13.71)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.