Cummins (STU:CUM) Cyclically Adjusted Revenue per Share: € (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:CUM Cummins Inc STU:CUM
91 GF Score
Price €462.80
GF Value €312.14
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Cummins Cyclically Adjusted Revenue per Share?

Cummins STU:CUM +1.42% 91 Cyclically Adjusted Revenue per Share is € as of Jun. 2026. GuruFocus rates STU:CUM with a GF Score™ of 91/100 and a GF Value™ of €312.14 (Significantly Overvalued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Cummins's adjusted revenue per share for the three months ended in Jun. 2026 was €58.726. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, Cummins's average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Cummins was 11.60% per year. The lowest was -0.90% per year. And the median was 6.70% per year.

As of today (2026-09-21), Cummins's current stock price is €462.80. Cummins's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was . Cummins's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cummins was 3.46. The lowest was 1.01. And the median was 1.62.


Cummins  (STU:CUM) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cummins was 3.46. The lowest was 1.01. And the median was 1.62.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Cummins Cyclically Adjusted Revenue per Share Related Terms


Cummins Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cummins's Cyclically Adjusted Revenue per Share 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.

Cummins Cyclically Adjusted Revenue per Share Chart

Cummins Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Cummins Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

STU:CUM vs ITW, EMR, AME: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Industrial Machinery subindustry, Cummins's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cummins's Cyclically Adjusted PS Ratio falls into.


STU:CUM
91GF Score
Cummins Inc STU:CUM
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cummins Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cummins's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.726/333.9520*333.9520
=58.726

Current CPI (Jun. 2026) = 333.9520.

Cummins Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 22.369 241.428 30.942
201612 24.897 241.432 34.438
201703 25.629 243.801 35.106
201706 27.500 244.955 37.491
201709 26.964 246.819 36.483
201712 28.119 246.524 38.091
201803 27.351 249.554 36.601
201806 31.325 251.989 41.514
201809 31.579 252.439 41.776
201812 33.702 251.233 44.798
201903 33.530 254.202 44.049
201906 35.041 256.143 45.685
201909 33.128 256.759 43.088
201912 33.059 256.974 42.962
202003 30.384 258.115 39.311
202006 23.634 257.797 30.616
202009 29.426 260.280 37.755
202012 32.754 260.474 41.994
202103 34.105 264.877 42.999
202106 34.627 271.696 42.561
202109 34.987 274.310 42.594
202112 35.517 278.802 42.543
202203 39.773 287.504 46.199
202206 43.520 296.311 49.048
202209 51.268 296.808 57.684
202212 53.563 296.797 60.268
202303 55.325 301.836 61.212
202306 55.696 305.109 60.961
202309 54.270 307.789 58.883
202312 55.930 306.746 60.891
202403 54.484 312.332 58.255
202406 59.248 314.175 62.978
202409 55.738 315.301 59.035
202412 57.217 315.605 60.543
202503 56.157 319.799 58.642
202506 55.057 322.561 57.001
202509 51.275 324.800 52.720
202512 52.761 324.054 54.373
202603 51.716 330.213 52.302
202606 58.726 333.952 58.726

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of € mean?
Cummins (STU:CUM) has a Cyclically Adjusted Revenue per Share of € as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Cummins and its competitors.
Is Cummins' Cyclically Adjusted Revenue per Share too high?
Cummins' current Cyclically Adjusted Revenue per Share is €. Overall, Cummins has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cummins' Cyclically Adjusted Revenue per Share compare to ITW and EMR?
Cummins' Cyclically Adjusted Revenue per Share of € can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial Products industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Cummins and its competitors. Cummins's current Cyclically Adjusted Revenue per Share is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cummins stock overvalued right now?
Based on GuruFocus' analysis, Cummins (STU:CUM) is currently considered Significantly Overvalued. The stock's GF Value™ is €312.14, compared to a current price of €462.80 — trading 48.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €. Cummins' overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Cummins (STU:CUM), the current Cyclically Adjusted Revenue per Share is € as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cummins (STU:CUM) Overvalued in 2026?

Based on GuruFocus' analysis, Cummins stock appears to be overvalued. The current stock price of €462.80 is trading 48.3% above its estimated GF Value™ of €312.14. GuruFocus considers Cummins to be Significantly Overvalued.

Key valuation signals for STU:CUM:

  • Cyclically Adjusted Revenue per Share:
  • GF Value™: €312.14 vs. price of €462.80 (48.3% above fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the STU:CUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cummins Business Description

Address 500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005
Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of the world. Much of Cummins' foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins' business model is unique as it competes with many of its heavy-duty truck manufacturer customers, which also make their own engines.
91GF Score

Get the complete analysis for STU:CUM

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€462.80
Price
€312.14
GF Value