P/E ratio for Cummins (CMI)
P/E ratio as of April 2024 (TTM): 14.8
According to Cummins 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.7576. 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 |
|---|---|---|
| 2022 | 15.9 | 7.64% |
| 2021 | 14.8 | -21.34% |
| 2020 | 18.8 | 52.24% |
| 2019 | 12.4 | 22.26% |
| 2018 | 10.1 | -65.95% |
| 2017 | 29.7 | 79.42% |
| 2016 | 16.5 | 47.39% |
| 2015 | 11.2 | -29.61% |
| 2014 | 15.9 | -10.29% |
| 2013 | 17.8 | 42.58% |
| 2012 | 12.5 | 35.7% |
| 2011 | 9.19 | -55.74% |
| 2010 | 20.8 | -1.78% |
| 2009 | 21.1 | 205.98% |
| 2008 | 6.91 | -59.65% |
| 2007 | 17.1 | 117.58% |
| 2006 | 7.87 | 8.91% |
| 2005 | 7.22 | -28.87% |
| 2004 | 10.2 | -75.1% |
| 2003 | 40.8 | 239.26% |
| 2002 | 12.0 | -184.22% |
| 2001 | -14.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BorgWarner BWA | 10.6 | -28.21% | 🇺🇸 USA |
 Caterpillar CAT | 19.0 | 29.03% | 🇺🇸 USA |
 General Electric GE | 18.9 | 27.80% | 🇺🇸 USA |
 Paccar PCAR | 14.4 | -2.66% | 🇺🇸 USA |
 CNH Industrial
CNHI | 6.54 | -55.68% | 🇬🇧 UK |
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.