CMI Cummins PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: CMI
- PE Ratio
The PE ratio for Cummins stock stands at 16.38 as of May 15, 2025. This is calculated based on the TTM EPS of $20.27 and the stock price of $332.11 per share. A decrease of 4.8% has been observed in the PE ratio compared to its average of 17.2 of the last four quarters.
CMI PE ratio history
Over the last ten years, the average PE ratio of Cummins has been 16.71. The current 16.38 P/E ratio is similar to 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.
Cummins PE ratio by year
Maximum annual increase: 189.59% in 2023
Maximum annual decrease: -73.55% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 12.21 | -73.55% | $348.6 | $28.55 |
| 2023 | 46.16 | 189.59% | $239.57 | $5.19 |
| 2022 | 15.94 | 7.7% | $242.29 | $15.2 |
| 2021 | 14.8 | -21.36% | $218.14 | $14.74 |
| 2020 | 18.82 | 52.88% | $227.1 | $12.07 |
| 2019 | 12.31 | 21.64% | $178.96 | $14.54 |
| 2018 | 10.12 | -65.68% | $133.64 | $13.2 |
| 2017 | 29.49 | 77.97% | $176.64 | $5.99 |
| 2016 | 16.57 | 47.95% | $136.67 | $8.25 |
| 2015 | 11.2 | -29.78% | $88.01 | $7.86 |
| 2014 | 15.95 | -10.29% | $144.17 | $9.04 |
| 2013 | 17.78 | 42.58% | $140.97 | $7.93 |
| 2012 | 12.47 | 35.69% | $108.35 | $8.69 |
| 2011 | 9.19 | -55.82% | $88.02 | $9.58 |
| 2010 | 20.8 | -1.56% | $110.01 | $5.29 |
Cummins PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 15.46 | 26.62% | $313.44 | $20.27 |
| Dec 2024 | 12.21 | -42.68% | $348.6 | $28.55 |
| Sep 2024 | 21.3 | 7.14% | $323.79 | $15.2 |
| Jun 2024 | 19.88 | -7.49% | $276.93 | $13.93 |
| Mar 2024 | 21.49 | -53.44% | $294.65 | $13.71 |
| Dec 2023 | 46.16 | 298.96% | $239.57 | $5.19 |
| Sep 2023 | 11.57 | -15.3% | $228.46 | $19.75 |
| Jun 2023 | 13.66 | 2.02% | $245.16 | $17.95 |
| Mar 2023 | 13.39 | -16% | $238.88 | $17.84 |
| Dec 2022 | 15.94 | 5.91% | $242.29 | $15.2 |
| Sep 2022 | 15.05 | 12.06% | $203.51 | $13.52 |
| Jun 2022 | 13.43 | -11.06% | $193.53 | $14.41 |
| Mar 2022 | 15.1 | 2.03% | $205.11 | $13.58 |
| Dec 2021 | 14.8 | -0.4% | $218.14 | $14.74 |
| Oct 2021 | 14.86 | -7.76% | $227.96 | $15.34 |
CMI Price vs fair value
CMI average PE ratio chart
Currently, CMI's PE ratio is lower than its 3, 5 and 10-year averages.
CMI PE vs peers
In comparison to its peers GE and CAT, CMI's PE ratio is lower, but it is higher than PCAR's. Cummins's current PE ratio of 16.38 is lower than the average of its peers, which is 28.37.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PCAR Paccar Inc | 14.52 | $50.38B |
| CMI Cummins Inc | 16.38 | $45.75B |
| CAT Caterpillar Inc | 16.97 | $164.78B |
| BWA Borgwarner Inc | 25.05 | $7.27B |
| GE General Electric Co | 35.4 | $244.61B |
| RBC RBC Bearings Inc. | 49.9 | $11.55B |
Frequently asked questions
What is Cummins's PE ratio?
As of May 15, 2025, CMI stock has a price to earnings ratio of 16.38.
What is the 3-year average PE ratio for Cummins (CMI)?
The average PE ratio for CMI stock over the past 3 years is 18.3.
What is the 5-year average PE ratio for Cummins (CMI)?
The average PE ratio for CMI stock over the past 5 years is 17.69.
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 2% lower 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 (May 15, 2025), Cummins's share price is $332.11. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $20.27. Therefore, Cummins's PE ratio for today is 16.38. PE RATIO(16.38) = STOCK PRICE($332.11) / TTM EPS($20.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.