Cummins India
CUMMINSIND.NS
$40.76
Share price
2.90%
Change (1 day)
108.28%
Change (1 year)
Cummins India (CUMMINSIND.NS) - P/B ratio
P/B ratio as of May 2024 : 15.0
According to Cummins India's latest financial reports the company has a price-to-book ratio of 15.0.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Cummins India - P/B ratio (from 2012 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 8.96 | 26.51% |
| 2022-12-31 | 7.08 | 32.82% |
| 2021-12-31 | 5.33 | 47.13% |
| 2020-12-31 | 3.62 | 2.84% |
| 2019-12-31 | 3.52 | |
| 2016-12-31 | 6.13 | -28.5% |
| 2015-12-31 | 8.57 | 2.45% |
| 2014-12-31 | 8.37 | 66.7% |
| 2013-12-31 | 5.02 | -22.97% |
| 2012-12-31 | 6.52 |