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Cummins CMI Price / book

Price / book at other companies

Caterpillar logo
CaterpillarCAT
12.6×+3.6×
Generac Holdings logo
Generac HoldingsGNRC
4.3×+1.2×
Paccar logo
PaccarPCAR
3.1×+0.2×
Wabtec logo
WabtecWAB
3.8×+0.8×
Eaton Corporation logo
Eaton CorporationETN
+1.3×
Parker-Hannifin logo
Parker-HannifinPH
7.7×+1.9×

Other financials

Income statement

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Revenue$8.4B+2.7%
Gross profit$2.2B+4.1%
Operating income$949.0M-16.3%
Net income$680.0M-20.0%
EPS (diluted)$4.71-21.0%

Balance sheet

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Cash & equivalents$2.6B+70.6%
Total debt$8.0B+25.0%
Total equity$12.4B+13.1%
Total assets$34.4B+5.9%

Cash flow

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Operating cash flow$309.0M+10,400%
CapEx$189.0M+16.7%
Free cash flow$120.0M+173%

Valuation

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Market cap$99.05B+72.5%
Enterprise value$104.46B+66.2%
P/E35.5×+15.7×
P/S2.9×+1.2×

Profitability

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Gross margin25.4%+0.1pp
Operating margin11.3%-0.4pp
Net margin8.2%-0.3pp

Returns & leverage

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Return on equity23.9%-5.0pp
Debt / equity0.6×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Calculated from Cummins’s reported figures.

Based on the most recent quarter.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's price / book?
Cummins (CMI) reported price / book of 6× in Q1 2026.
How has Cummins's price / book changed year-over-year?
Cummins's price / book increased by 52.6% year-over-year, from 3.9× to 6×.
What is the long-term trend for Cummins's price / book?
Over 4 years (2021 to 2025), Cummins's price / book has grown at a 2.1% compound annual growth rate (CAGR), from 16.8× to 18.3×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.