Price to Earnings (P/E)
since 2005
Calculation
Cummins Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Cummins Inc.1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | 49.57 | = | 256.85 | ÷ | 5.18 | 5.18 | = | 735 | ÷ | 141,856,847 | |
| Feb 14, 2023 | 16.33 | = | 248.41 | ÷ | 15.21 | 15.21 | = | 2,151 | ÷ | 141,375,256 | |
| Feb 8, 2022 | 14.94 | = | 223.51 | ÷ | 14.96 | 14.96 | = | 2,131 | ÷ | 142,426,735 | |
| Feb 10, 2021 | 20.23 | = | 245.11 | ÷ | 12.12 | 12.12 | = | 1,789 | ÷ | 147,657,584 | |
| Feb 11, 2020 | 10.92 | = | 164.30 | ÷ | 15.04 | 15.04 | = | 2,260 | ÷ | 150,269,665 | |
| Feb 11, 2019 | 10.89 | = | 148.18 | ÷ | 13.61 | 13.61 | = | 2,141 | ÷ | 157,338,874 | |
| Feb 14, 2018 | 27.53 | = | 166.00 | ÷ | 6.03 | 6.03 | = | 999 | ÷ | 165,683,334 | |
| Feb 13, 2017 | 18.44 | = | 152.85 | ÷ | 8.29 | 8.29 | = | 1,394 | ÷ | 168,155,330 | |
| Feb 12, 2016 | 12.09 | = | 97.01 | ÷ | 8.03 | 8.03 | = | 1,399 | ÷ | 174,320,797 | |
| Feb 17, 2015 | 15.32 | = | 138.98 | ÷ | 9.07 | 9.07 | = | 1,651 | ÷ | 181,945,783 | |
| Feb 18, 2014 | 18.01 | = | 143.10 | ÷ | 7.94 | 7.94 | = | 1,483 | ÷ | 186,682,826 | |
| Feb 20, 2013 | 13.25 | = | 114.83 | ÷ | 8.66 | 8.66 | = | 1,645 | ÷ | 189,844,829 | |
| Feb 21, 2012 | 12.81 | = | 123.30 | ÷ | 9.63 | 9.63 | = | 1,848 | ÷ | 191,927,547 | |
| Feb 24, 2011 | 19.19 | = | 100.87 | ÷ | 5.26 | 5.26 | = | 1,040 | ÷ | 197,847,368 | |
| Feb 26, 2010 | 26.71 | = | 56.78 | ÷ | 2.13 | 2.13 | = | 428 | ÷ | 201,359,036 | |
| Feb 27, 2009 | 5.55 | = | 20.80 | ÷ | 3.75 | 3.75 | = | 755 | ÷ | 201,352,073 | |
| Feb 26, 2008 | 14.61 | = | 53.40 | ÷ | 3.65 | 3.65 | = | 739 | ÷ | 202,192,548 | |
| Feb 27, 2007 | 9.92 | = | 34.04 | ÷ | 3.43 | 3.43 | = | 715 | ÷ | 208,398,444 | |
| Feb 28, 2006 | 9.15 | = | 27.07 | ÷ | 2.96 | 2.96 | = | 550 | ÷ | 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/E, 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 | 49.57 | — | 15.55 | 35.88 | 16.18 | 22.73 | 15.35 | 38.31 |
| Feb 14, 2023 | 16.33 | — | 19.15 | 27.93 | — | 26.97 | 20.48 | 27.59 |
| Feb 8, 2022 | 14.94 | — | 16.82 | 27.77 | — | 23.14 | 16.70 | 36.79 |
| Feb 10, 2021 | 20.23 | — | 36.80 | 37.46 | 19.67 | 29.63 | 13.44 | — |
| Feb 11, 2020 | 10.92 | — | 12.36 | 18.06 | — | 20.97 | 19.87 | 24.41 |
| Feb 11, 2019 | 10.89 | 21.87 | 12.42 | 15.92 | — | 16.02 | 16.88 | 19.74 |
| Feb 14, 2018 | 27.53 | 24.68 | 126.80 | 11.90 | — | 67.20 | 48.70 | 21.97 |
| Feb 13, 2017 | 18.44 | 20.50 | — | 16.96 | 32.22 | 19.29 | 14.14 | 17.55 |
| Feb 12, 2016 | 12.09 | 14.89 | 18.07 | 13.17 | — | 16.70 | 18.36 | 9.31 |
| Feb 17, 2015 | 15.32 | 19.15 | 14.01 | 18.73 | 17.17 | 19.27 | 16.86 | 17.52 |
| Feb 18, 2014 | 18.01 | 21.10 | 16.25 | 19.35 | 19.59 | 18.91 | 17.56 | 17.51 |
| Feb 20, 2013 | 13.25 | 14.71 | 11.02 | 23.99 | 17.57 | 18.78 | 10.34 | 16.07 |
| Feb 21, 2012 | 12.81 | 14.09 | 15.11 | 12.83 | 15.52 | 22.54 | 10.81 | 15.29 |
| Feb 24, 2011 | 19.19 | 16.17 | 24.14 | 19.59 | 19.49 | 22.48 | 9.58 | 17.84 |
| Feb 26, 2010 | 26.71 | 33.40 | 40.66 | 29.60 | 16.09 | 13.44 | 9.56 | 16.33 |
| Feb 27, 2009 | 5.55 | 11.63 | 4.51 | 5.65 | 6.62 | 8.71 | 8.47 | 9.57 |
| Feb 26, 2008 | 14.61 | 15.99 | 12.54 | 11.89 | 15.45 | 17.07 | 14.15 | 16.61 |
| Feb 27, 2007 | 9.92 | 32.40 | 12.28 | 12.47 | 17.11 | 18.37 | 16.95 | 18.16 |
| Feb 28, 2006 | 9.15 | 22.62 | 17.17 | 12.82 | 21.07 | 20.71 | 17.45 | 18.76 |
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/E, long-term trends, comparison to sector (capital goods)
| Cummins Inc. | Capital Goods | |
|---|---|---|
| Feb 12, 2024 | 49.57 | 25.10 |
| Feb 14, 2023 | 16.33 | 40.21 |
| Feb 8, 2022 | 14.94 | 57.31 |
| Feb 10, 2021 | 20.23 | 123.55 |
| Feb 11, 2020 | 10.92 | 39.03 |
| Feb 11, 2019 | 10.89 | 56.00 |
| Feb 14, 2018 | 27.53 | 55.16 |
| Feb 13, 2017 | 18.44 | 23.62 |
| Feb 12, 2016 | 12.09 | 33.10 |
| Feb 17, 2015 | 15.32 | 17.47 |
| Feb 18, 2014 | 18.01 | 18.85 |
| Feb 20, 2013 | 13.25 | 15.74 |
| Feb 21, 2012 | 12.81 | 15.20 |
| Feb 24, 2011 | 19.19 | 18.46 |
| Feb 26, 2010 | 26.71 | 17.22 |
| Feb 27, 2009 | 5.55 | 7.48 |
| Feb 26, 2008 | 14.61 | 15.28 |
| Feb 27, 2007 | 9.92 | 17.63 |
| Feb 28, 2006 | 9.15 | 20.11 |
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/E, long-term trends, comparison to industry (industrials)
| Cummins Inc. | Industrials | |
|---|---|---|
| Feb 12, 2024 | 49.57 | 25.76 |
| Feb 14, 2023 | 16.33 | 36.38 |
| Feb 8, 2022 | 14.94 | 33.32 |
| Feb 10, 2021 | 20.23 | 161.96 |
| Feb 11, 2020 | 10.92 | 49.05 |
| Feb 11, 2019 | 10.89 | 35.40 |
| Feb 14, 2018 | 27.53 | 31.20 |
| Feb 13, 2017 | 18.44 | 23.64 |
| Feb 12, 2016 | 12.09 | 27.90 |
| Feb 17, 2015 | 15.32 | 18.70 |
| Feb 18, 2014 | 18.01 | 19.00 |
| Feb 20, 2013 | 13.25 | 17.25 |
| Feb 21, 2012 | 12.81 | 15.90 |
| Feb 24, 2011 | 19.19 | 18.62 |
| Feb 26, 2010 | 26.71 | 18.59 |
| Feb 27, 2009 | 5.55 | 8.47 |
| Feb 26, 2008 | 14.61 | 17.00 |
| Feb 27, 2007 | 9.92 | 17.68 |
| Feb 28, 2006 | 9.15 | 20.29 |
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).