CMI Historical PE Ratio image   This CMI PE ratio history page last updated 11/7/2022
CMI Historical PE Ratio Chart
PeriodPriceAdj. EPSAnnualizedPE
Q3 2022
11/3/2022
232.763.7014.8015.7
Q2 2022
8/2/2022
218.614.7719.0811.5
Q1 2022
5/3/2022
202.134.0416.1612.5
Q4 2021
2/3/2022
227.252.8511.4019.9
Q3 2021
11/2/2021
242.283.6914.7616.4
Q2 2021
8/3/2021
233.054.1016.4014.2
Q1 2021
5/4/2021
255.614.0716.2815.7
Q4 2020
2/4/2021
232.083.3613.4417.3
Q3 2020
10/27/2020
219.783.3613.4416.4
Q2 2020
7/28/2020
195.021.957.8025.0
Q1 2020
4/28/2020
161.083.1812.7212.7
Q4 2019
2/4/2020
161.002.5610.2415.7
Q3 2019
10/29/2019
177.123.8315.3211.6
Q2 2019
7/30/2019
165.174.2717.089.7
Q1 2019
4/30/2019
166.294.2016.809.9
Q4 2018
2/6/2019
149.353.4813.9210.7
Q3 2018
10/30/2018
134.404.0516.208.3
Q2 2018
7/31/2018
142.814.1416.568.6
Q1 2018
5/1/2018
153.283.3013.2011.6
Q4 2017
2/6/2018
174.833.0312.1214.4
Q3 2017
10/31/2017
176.882.7110.8416.3
Q2 2017
8/1/2017
157.482.5310.1215.6
Q1 2017
5/2/2017
160.562.369.4417.0
Q4 2016
2/9/2017
150.142.259.0016.7
Q3 2016
11/1/2016
122.292.028.0815.1
Q2 2016
8/2/2016
121.042.409.6012.6
Q1 2016
5/3/2016
118.601.877.4815.9
Q4 2015
2/4/2016
97.572.028.0812.1
Q3 2015
10/27/2015
102.352.148.5612.0
Q2 2015
7/28/2015
128.002.6210.4812.2
Q1 2015
4/28/2015
137.252.148.5616.0
Q4 2014
2/5/2015
138.112.5610.2413.5
Q3 2014
10/28/2014
144.592.329.2815.6
Q2 2014
7/28/2014
145.352.439.7215.0
Q1 2014
4/29/2014
150.811.837.3220.6
Q4 2013
2/6/2014
130.782.329.2814.1
Q3 2013
10/29/2013
127.901.907.6016.8
Q2 2013
7/30/2013
118.232.208.8013.4
Q1 2013
4/30/2013
106.391.445.7618.5
Q4 2012
2/6/2013
120.382.008.0015.0
Q3 2012
10/31/2012
93.581.867.4412.6
Q2 2012
7/31/2012
95.902.479.889.7
Q1 2012
4/1/2012
NA2.389.52NA
CMI PE History Chart
PeriodPriceAdj. EPSTTMPE
Q3 2022
11/3/2022
232.763.7015.3615.2
Q2 2022
8/2/2022
218.614.7715.3514.2
Q1 2022
5/3/2022
202.134.0414.6813.8
Q4 2021
2/3/2022
227.252.8514.7115.4
Q3 2021
11/2/2021
242.283.6915.2215.9
Q2 2021
8/3/2021
233.054.1014.8915.7
Q1 2021
5/4/2021
255.614.0712.7420.1
Q4 2020
2/4/2021
232.083.3611.8519.6
Q3 2020
10/27/2020
219.783.3611.0519.9
Q2 2020
7/28/2020
195.021.9511.5216.9
Q1 2020
4/28/2020
161.083.1813.8411.6
Q4 2019
2/4/2020
161.002.5614.8610.8
Q3 2019
10/29/2019
177.123.8315.7811.2
Q2 2019
7/30/2019
165.174.2716.0010.3
Q1 2019
4/30/2019
166.294.2015.8710.5
Q4 2018
2/6/2019
149.353.4814.9710.0
Q3 2018
10/30/2018
134.404.0514.529.3
Q2 2018
7/31/2018
142.814.1413.1810.8
Q1 2018
5/1/2018
153.283.3011.5713.2
Q4 2017
2/6/2018
174.833.0310.6316.4
Q3 2017
10/31/2017
176.882.719.8518.0
Q2 2017
8/1/2017
157.482.539.1617.2
Q1 2017
5/2/2017
160.562.369.0317.8
Q4 2016
2/9/2017
150.142.258.5417.6
Q3 2016
11/1/2016
122.292.028.3114.7
Q2 2016
8/2/2016
121.042.408.4314.4
Q1 2016
5/3/2016
118.601.878.6513.7
Q4 2015
2/4/2016
97.572.028.9210.9
Q3 2015
10/27/2015
102.352.149.4610.8
Q2 2015
7/28/2015
128.002.629.6413.3
Q1 2015
4/28/2015
137.252.149.4514.5
Q4 2014
2/5/2015
138.112.569.1415.1
Q3 2014
10/28/2014
144.592.328.9016.2
Q2 2014
7/28/2014
145.352.438.4817.1
Q1 2014
4/29/2014
150.811.838.2518.3
Q4 2013
2/6/2014
130.782.327.8616.6
Q3 2013
10/29/2013
127.901.907.5417.0
Q2 2013
7/30/2013
118.232.207.5015.8
Q1 2013
4/30/2013
106.391.447.7713.7
Q4 2012
2/6/2013
120.382.008.7113.8
Q3 2012
10/31/2012
93.581.86NANA
Q2 2012
7/31/2012
95.902.47NANA
Q1 2012
4/1/2012
NA2.38NANA
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Cummins (CMI) is categorized under the Consumer sector; to help you further research PE history across stocks, below are some other companies in the same sector:

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How should the CMI historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Cummins. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this CMI Historical PE Ratio page.

What is the average historical PE for CMI based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The CMI historical PE ratio using the annualized quarterly earnings method works out to 14.4.

What is the average historical PE for CMI based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The CMI historical PE ratio using the TTM earnings method works out to 14.7.

What is the average historical PE for CMI based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The CMI historical PE ratio using the annualized median TTM earnings method works out to 15.48.

On this page we presented the CMI Historical PE Ratio information for Cummins' stock. The average CMI historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 14.4. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average CMI historical PE based on this TTM earnings result method is 14.7.

Let's now compare this CMI historical PE result, against the recent PE: when this page was posted on 11/4/2022, the most recent closing price for CMI had been 238.37, and the most recent quarterly earnings result, annualized, was 14.8. Meanwhile, the most recent TTM earnings summed to 15.36. From these numbers, we calculate the recent CMI PE on 11/4/2022 based on annualized quarterly EPS was 16.1. Based on CMI's history, that recent PE is elevated relative to the historical average, with the recent PE 11.8% higher than the historical average PE across our data set for Cummins. Looking at the recent CMI PE on 11/4/2022 based on TTM EPS, we calculate the ratio at 15.5. Based on CMI's history, that recent PE is elevated relative to the historical average, with the recent PE 5.4% higher than the historical average PE across our Cummins data set with TTM EPS used in the calculation at each period.

Another interesting CMI historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for CMI, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for CMI, we start with the past four EPS numbers and we first sort them from lowest to highest: 2.85, 3.70, 4.04, and 4.77. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 3.70 and 4.04 — which gives us the median of 3.87. Basically the way to think about this 3.87 number is this: for the trailing four earnings reports, 3.87 marks the "middle ground" number where CMI has reported a value higher than 3.87 half the time, and has reported a value lower than 3.87 half the time. Annualizing that median value then gets us to 15.48/share, which we use as the denominator in our next PE calculation. With 238.37 as the numerator (as of 11/4/2022), the calculation is then 238.37 / 15.48 = 15.4 as the CMI PE ratio as of 11/4/2022, based on that annualized median value we calculated.

For self directed investors doing their due diligence on CMI or any other given stock, valuation analysis for CMI can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Cummins PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for CMI. Thanks for visiting, and the next time you need to research CMI Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.

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