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CumminsBSP:C1MI34 75 Piotroski F-Score is 6 as of Aug. 16, 2026, which is at its 10-year median of 6.00. GuruFocus rates BSP:C1MI34 with a GF Score™ of 75/100 and a GF Value™ of R$31.89 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,948 Industrial Products companies, Cummins ranks better than 75.68% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cummins has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Cummins's Piotroski F-Score or its related term are showing as below:
BSP:C1MI34'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Cummins was 7. The lowest was 4. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Cummins Piotroski F-Score Related Terms
Cummins Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Cummins's Piotroski F-Score 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.
BSP:C1MI34 vs EMR, ITW, PH: Piotroski F-Score Comparison
For the Specialty Industrial Machinery subindustry, Cummins's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cummins's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cummins's Piotroski F-Score falls into.
* 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 2874.568 + 3235.23 + 3420.158 + 4775.661 = R$14,306 Mil. Cash Flow from Operations was 6998.715 + 8369.044 + 1615.946 + 7681.026 = R$24,665 Mil. Revenue was 44604.071 + 46569.855 + 43918.181 + 48458.614 = R$183,551 Mil. Gross Profit was 11417.827 + 10644.071 + 11729.993 + 12630.906 = R$46,423 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(189993.562 + 180400.594 + 185450.154 + 180133.572 + 182571.683) / 5 = R$183709.913 Mil. Total Assets at the begining of this year (Jun25) was R$189,994 Mil. Long-Term Debt & Capital Lease Obligation was R$36,827 Mil. Total Current Assets was R$94,458 Mil. Total Current Liabilities was R$54,690 Mil.
Net Income was 4480.08 + 2550.218 + 4744.674 + 4935.762 = R$16,711 Mil.
Revenue was 46827.637 + 51535.147 + 47066.709 + 47932.349 = R$193,362 Mil. Gross Profit was 12022.564 + 12409.434 + 12408.705 + 12649.97 = R$49,491 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(168692.652 + 177497.566 + 192425.54 + 187316.751 + 189993.562) / 5 = R$183185.2142 Mil. Total Assets at the begining of last year (Jun24) was R$168,693 Mil. Long-Term Debt & Capital Lease Obligation was R$40,152 Mil. Total Current Assets was R$93,907 Mil. Total Current Liabilities was R$57,205 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Cummins's current Net Income (TTM) was 14,306.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Cummins's gearing of this year was 0.20046227. Cummins's gearing of last year was 0.21918577.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Cummins's current ratio of this year was 1.727162. Cummins's current ratio of last year was 1.64158991.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Cummins's number of shares in issue this year was 554. Cummins's number of shares in issue last year was 554.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Cummins's gross margin of this year was 0.25291536. Cummins's gross margin of last year was 0.2559485.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Cummins's asset turnover of this year was 0.96608916. Cummins's asset turnover of last year was 1.14623749.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cummins has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Cummins (BSP:C1MI34) has a Piotroski F-Score of 6 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cummins and its competitors. This is near median its historical median of 6.00. Over the past decade, Cummins' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Cummins ranks #717 out of 2948 companies in the Industrial Products industry, placing it in the top 24.3%.
Is Cummins' Piotroski F-Score too high?
Cummins' current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Cummins' value of 6 is 20% above this industry median. Based on the distribution chart, Cummins ranks #717 out of 2948 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Cummins has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cummins' Piotroski F-Score compare to EMR and ITW?
According to the Industrial Products industry distribution chart, Cummins ranks #717 out of 2948 companies for Piotroski F-Score. This places Cummins in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cummins' value of 6 is 20% above this benchmark. Historically, Cummins' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cummins has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,948 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cummins's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cummins and its competitors. For the Industrial Products industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cummins's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. 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 (BSP:C1MI34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$31.89, compared to a current price of R$58.85 — trading 84.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Industrial Products industry median of 5.00. Cummins' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Cummins (BSP:C1MI34), the current Piotroski F-Score is 6 as of Aug. 16, 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 (BSP:C1MI34) Overvalued in 2026?
Based on GuruFocus' analysis, Cummins stock appears to be overvalued.
The current stock price of R$58.85 is trading 84.5% above its estimated GF Value™ of R$31.89.
GuruFocus considers Cummins to be Significantly Overvalued.
Key valuation signals for BSP:C1MI34:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: R$31.89 vs. price of R$58.85 (84.5% above fair value)
Industry Position: 20% above the Industrial Products median (#717 of 2948)
No single metric tells the full story. See the BSP:C1MI34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
75GF Score
Get the complete analysis for BSP:C1MI34
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