As of today (2024-04-23), Cummins's share price is $291.805. Cummins's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $27.02. Hence, Cummins's Price to Tangible Book Ratio of today is 10.80.
The historical rank and industry rank for Cummins's Price-to-Tangible-Book or its related term are showing as below:
CMI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.34 Med: 5.2 Max: 10.9
Current: 10.8
During the past 13 years, Cummins's highest Price to Tangible Book Ratio was 10.90. The lowest was 2.34. And the median was 5.20.
CMI's Price-to-Tangible-Book is ranked worse than 92.77% of 2821
companies
in the Industrial Products industry
Industry Median: 2.05
vs CMI: 10.80
A closely related ratio is called PB Ratio. As of today, Cummins's share price is $291.805. Cummins's Book Value per Sharefor the quarter that ended in Dec. 2023 was $62.41. Hence, Cummins's P/B Ratio of today is 4.68.
Cummins Price-to-Tangible-Book Historical Data
The historical data trend for Cummins's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, Cummins's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cummins Price-to-Tangible-Book Distribution
For the Industrial Products industry and Industrials sector, Cummins's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cummins's Price-to-Tangible-Book falls into.
Cummins Price-to-Tangible-Book Calculation
Cummins's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Cummins Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Cummins's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
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