The PE ratio for Cummins stock stands at 56.33 as of Apr 24, 2024. This is calculated based on the TTM EPS of $5.19 and the stock price of $292.34 per share. An increase of 166% has been observed in the PE ratio compared to its average of 21.2 of the last four quarters.
Over the last ten years, the average PE ratio of Cummins has been 16.46. The current 56.33 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.
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 peer stocks CAT and GE, CMI's PE ratio is higher. Cummins's current PE ratio of 56.33 is higher than the average of its peers, which is 27.11.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BWA Borgwarner Inc | 12.56 | $7.73B |
| PCAR Paccar Inc | 12.95 | $59.59B |
| CAT Caterpillar Inc | 17.96 | $185.45B |
| RBC RBC Bearings Inc. | 40.54 | $7.15B |
| GE General Electric Co | 51.52 | $174.25B |
| CMI Cummins Inc | 56.33 | $41.47B |
As of Apr 24, 2024, CMI stock has a price to earnings ratio of 56.33.
The average PE ratio for CMI stock over the past 3 years is 17.28.
The average PE ratio for CMI stock over the past 5 years is 16.1.
The current PE of 56.33 represents the highest historical value in the last ten years.
The current PE ratio of CMI is 242% 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 (Apr 24, 2024), Cummins's share price is $292.34. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.19. Therefore, Cummins's PE ratio for today is 56.33. PE RATIO(56.33) = STOCK PRICE($292.34) / TTM EPS($5.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.