Cummins India (CUMMINSIND.NS)

P/B ratio as of September 2024 : 15.5

According to Cummins India's latest financial reports the company has a price-to-book ratio of 15.5.
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 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	8.98	26.86%
2022-12-31	7.08	33%
2021-12-31	5.32	47.09%
2020-12-31	3.62	2.19%
2019-12-31	3.54
2016-12-31	6.12	-28.59%
2015-12-31	8.57	2.12%
2014-12-31	8.39	68.24%
2013-12-31	4.99	-23.43%
2012-12-31	6.51

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Cummins India (CUMMINSIND.NS) - P/B ratio