CumminsMEX:CMI +0.47%68 PB Ratio is 7.44 as of Jul. 11, 2026, which is 101% above its 10-year median of 3.71. GuruFocus rates MEX:CMI with a GF Score™ of 68/100 and a GF Value™ of MXN5,968.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,979 Industrial Products companies, Cummins ranks worse than 88.08% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-11), Cummins's share price is MXN12015.80. Cummins's Book Value per Share for the quarter that ended in Mar. 2026 was MXN1,614.06. Hence, Cummins's PB Ratio of today is 7.44.
Warning Sign:
Cummins Inc stock PB Ratio (=7.52) is close to 10-year high of 8.01.
The historical rank and industry rank for Cummins's PB Ratio or its related term are showing as below:
MEX:CMI'
s PB Ratio Range Over the Past 10 Years
Min: 2.34 Med: 3.71 Max: 8.01
Current: 7.56
During the past 13 years, Cummins's highest PB Ratio was 8.01. The lowest was 2.34. And the median was 3.71.
MEX:CMI's PB Ratio is ranked worse than 88.08% of 2979
companies
in the Industrial Products industry
Industry Median: 2.23
vs MEX:CMI: 7.56
During the past 12 months, Cummins's average Book Value Per Share Growth Rate was 12.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cummins was 37.90% per year. The lowest was -17.40% per year. And the median was 7.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Cummins PB Ratio Related Terms
Cummins PB Ratio Historical Data
* Premium members only.
The historical data trend for Cummins's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cummins's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cummins's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Cummins's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Cummins (MEX:CMI) has a PB Ratio of 7.44 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cummins and its competitors. This is 101% above median its historical median of 3.71. Over the past decade, Cummins' PB Ratio has ranged from 2.34 to 8.01. According to the industry distribution chart, Cummins ranks #2624 out of 2979 companies in the Industrial Products industry, placing it in the top 88.1%.
Is Cummins' PB Ratio too high?
Cummins' current PB Ratio of 7.44 is 101% above median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 8.01. The Industrial Products industry median PB Ratio is 2.23. Cummins' value of 7.44 is 233.6% above this industry median. Based on the distribution chart, Cummins ranks #2624 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Cummins has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cummins' PB Ratio compare to EMR and ITW?
According to the Industrial Products industry distribution chart, Cummins ranks #2624 out of 2979 companies for PB Ratio. This places Cummins in the lower half of its industry. The industry median PB Ratio is 2.23. Cummins' value of 7.44 is 233.6% above this benchmark. Historically, Cummins' own PB Ratio has ranged from 2.34 to 8.01 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 2.23, 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 PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.23, based on 2,979 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cummins's current PB Ratio of 7.44 is 233.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cummins and its competitors. For the Industrial Products industry, the median PB Ratio is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cummins's current PB Ratio is 7.44, which is 101% above median its own 10-year median of 3.71. 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 (MEX:CMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN5,968.12, compared to a current price of MXN12,015.80 — trading 101.3% above its estimated fair value. The current PB Ratio is 7.44, which is 101% above median its 10-year median of 3.71 and 233.6% above the Industrial Products industry median of 2.23. Cummins' overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Cummins (MEX:CMI), the current PB Ratio is 7.44 as of Jul. 11, 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 (MEX:CMI) Overvalued in 2026?
Based on GuruFocus' analysis, Cummins stock appears to be overvalued.
The current stock price of MXN12,015.80 is trading 101.3% above its estimated GF Value™ of MXN5,968.12.
GuruFocus considers Cummins to be Significantly Overvalued.
Key valuation signals for MEX:CMI:
PB Ratio: 7.44 (101% above median its 10-year median of 3.71)
GF Value™: MXN5,968.12 vs. price of MXN12,015.80 (101.3% above fair value)
Industry Position: 233.6% above the Industrial Products median (#2624 of 2979)
No single metric tells the full story. See the MEX:CMI 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.
68GF Score
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