CMI Cummins PE ratio, current and historical analysis
The PE ratio for Cummins stock stands at 24.27 as of Nov 21, 2024. This is calculated based on the TTM EPS of $15.2 and the stock price of $368.86 per share. A decrease of 11% has been observed in the PE ratio compared to its average of 27.2 of the last four quarters.
CMI PE ratio history
Over the last ten years, the average PE ratio of Cummins has been 16.79. The current 24.27 P/E ratio is 45% 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.
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
Currently, CMI's PE ratio is higher than its 3, 5 and 10-year averages.
CMI PE vs 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 24.27 is higher than the average of its peers, which is 23.42.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BWA Borgwarner Inc | 8.55 | $7.38B |
| PCAR Paccar Inc | 12.71 | $59.8B |
| CAT Caterpillar Inc | 17.98 | $188.1B |
| CMI Cummins Inc | 24.27 | $50.6B |
| GE General Electric Co | 31.13 | $193.41B |
| RBC RBC Bearings Inc. | 46.75 | $10.19B |
Frequently asked questions
What is Cummins's PE ratio?
As of Nov 21, 2024, CMI stock has a price to earnings ratio of 24.27.
What is the 3-year average PE ratio for Cummins (CMI)?
The average PE ratio for CMI stock over the past 3 years is 18.48.
What is the 5-year average PE ratio for Cummins (CMI)?
The average PE ratio for CMI stock over the past 5 years is 17.4.
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 45% 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 (Nov 21, 2024), Cummins's share price is $368.86. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $15.2. Therefore, Cummins's PE ratio for today is 24.27. PE RATIO(24.27) = STOCK PRICE($368.86) / TTM EPS($15.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.