Price to Book Value (P/BV)
since 2005
Calculation
Cummins Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Cummins Inc. shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | 4.12 | = | 256.85 | ÷ | 62.39 | 62.39 | = | 8,850 | ÷ | 141,856,847 | |
| Feb 14, 2023 | 3.91 | = | 248.41 | ÷ | 63.48 | 63.48 | = | 8,975 | ÷ | 141,375,256 | |
| Feb 8, 2022 | 3.76 | = | 223.51 | ÷ | 59.50 | 59.50 | = | 8,474 | ÷ | 142,426,735 | |
| Feb 10, 2021 | 4.49 | = | 245.11 | ÷ | 54.60 | 54.60 | = | 8,062 | ÷ | 147,657,584 | |
| Feb 11, 2020 | 3.29 | = | 164.30 | ÷ | 49.96 | 49.96 | = | 7,507 | ÷ | 150,269,665 | |
| Feb 11, 2019 | 3.17 | = | 148.18 | ÷ | 46.70 | 46.70 | = | 7,348 | ÷ | 157,338,874 | |
| Feb 14, 2018 | 3.79 | = | 166.00 | ÷ | 43.81 | 43.81 | = | 7,259 | ÷ | 165,683,334 | |
| Feb 13, 2017 | 3.74 | = | 152.85 | ÷ | 40.88 | 40.88 | = | 6,875 | ÷ | 168,155,330 | |
| Feb 12, 2016 | 2.28 | = | 97.01 | ÷ | 42.48 | 42.48 | = | 7,406 | ÷ | 174,320,797 | |
| Feb 17, 2015 | 3.26 | = | 138.98 | ÷ | 42.59 | 42.59 | = | 7,749 | ÷ | 181,945,783 | |
| Feb 18, 2014 | 3.56 | = | 143.10 | ÷ | 40.23 | 40.23 | = | 7,510 | ÷ | 186,682,826 | |
| Feb 20, 2013 | 3.30 | = | 114.83 | ÷ | 34.78 | 34.78 | = | 6,603 | ÷ | 189,844,829 | |
| Feb 21, 2012 | 4.31 | = | 123.30 | ÷ | 28.61 | 28.61 | = | 5,492 | ÷ | 191,927,547 | |
| Feb 24, 2011 | 4.27 | = | 100.87 | ÷ | 23.60 | 23.60 | = | 4,670 | ÷ | 197,847,368 | |
| Feb 26, 2010 | 3.03 | = | 56.78 | ÷ | 18.74 | 18.74 | = | 3,773 | ÷ | 201,359,036 | |
| Feb 27, 2009 | 1.30 | = | 20.80 | ÷ | 16.04 | 16.04 | = | 3,230 | ÷ | 201,352,073 | |
| Feb 26, 2008 | 3.17 | = | 53.40 | ÷ | 16.86 | 16.86 | = | 3,409 | ÷ | 202,192,548 | |
| Feb 27, 2007 | 2.53 | = | 34.04 | ÷ | 13.45 | 13.45 | = | 2,802 | ÷ | 208,398,444 | |
| Feb 28, 2006 | 2.70 | = | 27.07 | ÷ | 10.03 | 10.03 | = | 1,864 | ÷ | 185,823,756 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Cummins Inc. Annual Report.
Comparison to Competitors
Cummins Inc., P/BV, long-term trends, comparison to competitors
| Cummins Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | 4.12 | — | 8.25 | 6.07 | 5.43 | 8.11 | 15.54 | 2.05 |
| Feb 14, 2023 | 3.91 | — | 8.09 | 4.04 | 2.43 | 8.02 | 12.67 | 1.97 |
| Feb 8, 2022 | 3.76 | — | 6.62 | 3.63 | 2.64 | 6.91 | 9.62 | 1.95 |
| Feb 10, 2021 | 4.49 | — | 7.20 | 3.54 | 2.89 | 8.07 | 15.27 | 1.53 |
| Feb 11, 2020 | 3.29 | — | 5.16 | 2.48 | 3.66 | 6.97 | 39.60 | 3.24 |
| Feb 11, 2019 | 3.17 | 674.83 | 5.44 | 2.12 | 3.00 | 5.96 | 61.11 | 2.71 |
| Feb 14, 2018 | 3.79 | 569.92 | 6.98 | 2.06 | 1.96 | 6.44 | — | 3.38 |
| Feb 13, 2017 | 3.74 | 122.80 | 4.42 | 2.19 | 3.47 | 4.79 | 49.61 | 3.22 |
| Feb 12, 2016 | 2.28 | 12.17 | 2.56 | 1.72 | 2.79 | 4.35 | 21.37 | 2.59 |
| Feb 17, 2015 | 3.26 | 12.04 | 3.09 | 2.13 | 2.04 | 4.63 | 17.92 | 3.49 |
| Feb 18, 2014 | 3.56 | 6.50 | 2.96 | 2.15 | 1.96 | 4.25 | 10.65 | 3.14 |
| Feb 20, 2013 | 3.30 | 9.78 | 3.57 | 1.94 | 1.95 | 4.24 | 727.88 | 3.18 |
| Feb 21, 2012 | 4.31 | 16.10 | 5.78 | 2.32 | 1.75 | 4.31 | 28.67 | 3.48 |
| Feb 24, 2011 | 4.27 | 19.33 | 6.02 | 2.47 | 1.86 | 4.26 | 7.56 | 3.65 |
| Feb 26, 2010 | 3.03 | 20.59 | 4.16 | 1.67 | 1.47 | 3.27 | 7.00 | 3.12 |
| Feb 27, 2009 | 1.30 | — | 2.63 | 0.95 | 1.10 | 3.38 | 9.51 | 2.82 |
| Feb 26, 2008 | 3.17 | 7.24 | 5.00 | 2.28 | 2.97 | 4.52 | 4.38 | 3.28 |
| Feb 27, 2007 | 2.53 | 15.15 | 6.33 | 2.88 | 3.17 | 3.94 | 6.23 | 3.92 |
| Feb 28, 2006 | 2.70 | 5.26 | 5.81 | 2.73 | 3.15 | 3.05 | 4.05 | 3.39 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Cummins Inc., P/BV, long-term trends, comparison to sector (capital goods)
| Cummins Inc. | Capital Goods | |
|---|---|---|
| Feb 12, 2024 | 4.12 | 6.94 |
| Feb 14, 2023 | 3.91 | 5.31 |
| Feb 8, 2022 | 3.76 | 4.77 |
| Feb 10, 2021 | 4.49 | 5.05 |
| Feb 11, 2020 | 3.29 | 6.91 |
| Feb 11, 2019 | 3.17 | 6.11 |
| Feb 14, 2018 | 3.79 | 5.42 |
| Feb 13, 2017 | 3.74 | 4.64 |
| Feb 12, 2016 | 2.28 | 3.45 |
| Feb 17, 2015 | 3.26 | 3.17 |
| Feb 18, 2014 | 3.56 | 2.85 |
| Feb 20, 2013 | 3.30 | 2.77 |
| Feb 21, 2012 | 4.31 | 2.89 |
| Feb 24, 2011 | 4.27 | 2.90 |
| Feb 26, 2010 | 3.03 | 2.29 |
| Feb 27, 2009 | 1.30 | 1.86 |
| Feb 26, 2008 | 3.17 | 3.46 |
| Feb 27, 2007 | 2.53 | 3.91 |
| Feb 28, 2006 | 2.70 | 3.47 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Cummins Inc., P/BV, long-term trends, comparison to industry (industrials)
| Cummins Inc. | Industrials | |
|---|---|---|
| Feb 12, 2024 | 4.12 | 6.96 |
| Feb 14, 2023 | 3.91 | 5.60 |
| Feb 8, 2022 | 3.76 | 5.52 |
| Feb 10, 2021 | 4.49 | 5.95 |
| Feb 11, 2020 | 3.29 | 6.33 |
| Feb 11, 2019 | 3.17 | 5.98 |
| Feb 14, 2018 | 3.79 | 5.38 |
| Feb 13, 2017 | 3.74 | 4.91 |
| Feb 12, 2016 | 2.28 | 3.69 |
| Feb 17, 2015 | 3.26 | 3.70 |
| Feb 18, 2014 | 3.56 | 3.13 |
| Feb 20, 2013 | 3.30 | 3.05 |
| Feb 21, 2012 | 4.31 | 3.08 |
| Feb 24, 2011 | 4.27 | 3.03 |
| Feb 26, 2010 | 3.03 | 2.42 |
| Feb 27, 2009 | 1.30 | 2.01 |
| Feb 26, 2008 | 3.17 | 3.44 |
| Feb 27, 2007 | 2.53 | 3.74 |
| Feb 28, 2006 | 2.70 | 3.94 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).