Cummins
CMI
#401
Rank
$50.41 B
Marketcap
$367.51
Share price
-0.83%
Change (1 day)
53.55%
Change (1 year)
Cummins Inc. is an American manufacturer of diesel and gas engines.

P/E ratio for Cummins (CMI)

P/E ratio as of December 2024 (TTM): 18.6

According to Cummins 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.5625. At the end of 2022 the company had a P/E ratio of 15.9.

P/E ratio history for Cummins from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202215.97.64%
202114.8-21.34%
202018.852.24%
201912.422.26%
201810.1-65.95%
201729.779.42%
201616.547.39%
201511.2-29.61%
201415.9-10.29%
201317.842.58%
201212.535.7%
20119.19-55.74%
201020.8-1.78%
200921.1205.98%
20086.91-59.65%
200717.1117.58%
20067.878.91%
20057.22-28.87%
200410.2-75.1%
200340.8239.26%
200212.0-184.22%
2001-14.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
21.4 15.13%๐Ÿ‡บ๐Ÿ‡ธ USA
11.0-40.85%๐Ÿ‡บ๐Ÿ‡ธ USA
19.4 4.56%๐Ÿ‡บ๐Ÿ‡ธ USA
7.60-59.08%๐Ÿ‡ฌ๐Ÿ‡ง UK
14.4-22.33%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.