CMI Cummins PE ratio, current and historical analysis

The PE ratio for Cummins stock stands at 17.86 as of Jul 23, 2025. This is calculated based on the TTM EPS of $20.27 and the stock price of $361.98 per share. An increase of 3.8% has been observed in the PE ratio compared to its average of 17.2 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 16.78. The current 17.86 P/E ratio is 6% 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.

Today
17.98
Average
16.78
Median
15.32
Minimum
9.58
Maximum
46.16

Cummins PE ratio history chart

Cummins PE ratio by year

Maximum annual increase: 189.59% in 2023

Maximum annual decrease: -73.55% in 2024

YearPE ratioPE changePriceEPS
202412.21-73.55%$348.6$28.55
202346.16189.59%$239.57$5.19
202215.947.7%$242.29$15.2
202114.8-21.36%$218.14$14.74
202018.8252.88%$227.1$12.07
201912.3121.64%$178.96$14.54
201810.12-65.68%$133.64$13.2
201729.4977.97%$176.64$5.99
201616.5747.95%$136.67$8.25
201511.2-29.78%$88.01$7.86
201415.95-10.29%$144.17$9.04
201317.7842.58%$140.97$7.93
201212.4735.69%$108.35$8.69
20119.19-55.82%$88.02$9.58
201020.8-1.56%$110.01$5.29

CMI Price vs fair value

How does CMI's price compare to its estimated fair value based on its growth

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 5 and 10-year averages, but it is lower than its 3-year average.

3-year avg
18.74
5-year avg
17.84
10-year avg
16.78
15-year avg
16.04

PE vs average

CMI PE vs peers

What is CMI's PE ratio compared to its 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 17.86 is lower than the average of its peers, which is 30.06.

Stock namePE ratioMarket cap
PCAR Paccar Inc15.23$52.85B
CMI Cummins Inc 17.98$50.21B
CAT Caterpillar Inc20.84$202.33B
BWA Borgwarner Inc27.35$7.93B
GE General Electric Co37.24$285.52B
RBC RBC Bearings Inc.49.67$12.13B
Stock:
CMI
CAT
BWA
RBC
GE
PCAR
X axis
Y axis
Bubble size
Created with Highcharts 9.0.1EPS growth YoY (quarterly)Price to earnings (P/E)CMICMICATCATBWABWARBCRBCGEGEPCARPCAR-60-50-40-30-20-10010203040506070
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Frequently asked questions

What is Cummins's PE ratio?

As of Jul 23, 2025, CMI stock has a price to earnings ratio of 17.86.

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

The average PE ratio for CMI stock over the past 3 years is 18.74.

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

The average PE ratio for CMI stock over the past 5 years is 17.84.

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 6% 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 (Jul 23, 2025), Cummins's share price is $361.98. 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 17.86. PE RATIO(17.86) = STOCK PRICE($361.98) / TTM EPS($20.27)

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