Cummins India (CUMMINSIND.NS)

P/B ratio as of November 2024 : 12.9

According to Cummins India's latest financial reports the company has a price-to-book ratio of 10.0256.
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	26.73%
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	-22.94%
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