Cummins forward PE CMI

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 15.7×
10-year median: 15.1×
Against its 10-year history: 57th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.0× to 23.4×
Peer median: 21.2×

Cummins' forward PE is 15.7× as of Oct 23, 2026.

That is above its ten-year median of 15.1×, close to the middle of its last ten years.

Over that time it ranged from 8.0× in Dec 2018 to 23.4× in Nov 2019.

The median for 10 industrial machinery stocks of a similar size is 21.2×.

Forward PE over time

median 15.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	15.7×	15.7×	22.7×
2025	19.9×	13.8×	19.9×
2024	17.8×	11.9×	19.2×
2023	12.5×	10.9×	13.5×
2022	12.6×	10.4×	15.0×
2021	13.7×	13.3×	18.8×
2020	15.9×	14.0×	22.2×
2019	22.7×	8.5×	23.4×
2018	8.3×	8.0×	15.0×
2017	13.8×	12.4×	17.0×
2016	15.8×	10.5×	16.6×
2015	11.0×	10.6×	15.1×
2014	14.5×	13.7×	17.3×
2013	17.3×	12.8×	17.3×
2012	13.5×	10.8×	16.5×
2011	10.8×	9.5×	16.6×
2010	16.2×	11.6×	16.3×
2009	13.1×	12.5×	24.8×
2008	21.3×	9.9×	34.7×
2007	14.8×	10.3×	17.4×

Against its peers

Companies in Industrial - Machinery nearest Cummins' size, closest first, today.

Company	Forward PE
CMICummins	15.7×
ITWIllinois Tool Works	23.5×
PCARPACCAR	16.2×
EMREmerson Electric	22.8×
TTTrane Technologies	26.8×
ROKRockwell Automation	29.3×
CARRCarrier Global	18.6×
PHParker-Hannifin	24.6×
OTISOtis Worldwide	17.5×
IRIngersoll Rand	19.6×
DOVDover	17.7×
Peer median	21.2×

Where Cummins ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Cummins

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.