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Cummins price to book ratio CMI

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
5.5×
10-year median
3.8×
Against its 10-year history
91st
percentile: 0 is its lowest day, 100 its highest
10-year range
2.3× to 8.0×
Peer median
4.4×

Cummins' price to book ratio is 5.5× as of Oct 23, 2026.

That is above its ten-year median of 3.8×, higher than on 91% of days in the last ten years.

Over that time it ranged from 2.3× in Mar 2020 to 8.0× in Jun 2026.

The median for 10 industrial machinery stocks of a similar size is 4.4×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far5.5×5.5×8.0×
20255.9×3.7×5.9×
20244.7×3.0×5.0×
20233.2×2.9×4.3×
20224.1×3.2×4.2×
20213.9×3.7×5.0×
20204.4×2.3×4.6×
20193.5×2.7×3.7×
20182.9×2.9×4.2×
20173.8×3.4×4.0×
20163.3×1.9×3.5×
20152.0×2.0×3.5×
20143.5×3.0×4.0×
20133.7×3.1×3.8×
20123.1×2.7×4.5×
20113.3×3.0×5.3×
20105.2×2.6×5.2×
20092.6×2.4×2.9×

Against its peers

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

CompanyPrice to book ratio
CMICummins5.5×
ITWIllinois Tool Works27.1×
PCARPACCAR2.8×
EMREmerson Electric4.4×
TTTrane Technologies11.4×
ROKRockwell Automation13.5×
CARRCarrier Global3.5×
PHParker-Hannifin7.2×
OTISOtis Worldwiden/m
IRIngersoll Rand2.8×
DOVDover3.5×
Peer median4.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Cummins

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