Cummins P/E 2024

Cummins P/E

15.83

Cummins Dividend yield

Ticker

CMI

ISIN

US2310211063

WKN

853121

As of May 4, 2024, Cummins's P/E ratio was 15.83, a -60.58% change from the 40.16 P/E ratio recorded in the previous year.

The Cummins P/E history

Cummins Aktienanalyse

What does Cummins do?

Cummins Inc is a leading manufacturer of diesel engines, parts, and accessories, and also produces alternative and renewable energy systems. The company was founded in 1919 by William Glanton Irwin, Clessie Lyle Cummins, and others, with its headquarters in Columbus, Indiana, and now has subsidiaries in over 190 countries worldwide. The company was developed by Clessie Cummins, who was an engineer and racer. He had the idea to develop a more efficient diesel engine than those on the market at the time. Together with William Irwin and other co-founders, they established the Cummins Engine Company and developed engines from the beginning that were more reliable, efficient, and economical than their predecessors. Since its founding, Cummins Inc has developed a wide range of products, including diesel engines for heavy trucks, corporate applications such as power generation units, marine and rail propulsion, and alternative fuel systems. One of Cummins' most well-known products is the Dodge Ram Pickup Truck, equipped with the Cummins 6.7L turbo-diesel engine. Cummins Inc's strategy is to provide customers with comprehensive service, providing all the key attributes they need to be successful. By dividing the company into various segments such as commercial vehicles, power generation systems, as well as smaller engines and parts, it can offer customers a comprehensive range of products and services. The different divisions of the company work closely together to ensure that the customer receives a complete solution they require. In 2019, the company celebrated its 100th anniversary. In its fourth year of operation, Cummins expanded its business in Europe and sold its fully functional diesel engines to the Royal Navy of the United Kingdom. In 1925, the company began production of diesel engines for bus and truck traffic, and in 1952, Cummins developed and produced its first turbocharger system. In recent years, Cummins Inc has also increased its efforts towards sustainability and renewable energy, now offering products and services to support a wide range of applications including wind energy systems, solar systems, biofuels, and hybrid technologies. Overall, Cummins Inc is a leading provider of innovative and high-quality engines, parts, and accessories, offering customers a comprehensive solution that encompasses all aspects of their business. The company has proven throughout its nearly century-long history that it is continually able to meet the ever-changing demands of its customers and contribute to shaping the world and the economy. Cummins ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Cummins's P/E Ratio

The Price to Earnings (P/E) Ratio of Cummins is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Cummins's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Cummins is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Cummins’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Cummins Stock

What is the price-to-earnings ratio of Cummins?

The price-earnings ratio of Cummins is currently 15.83.

How has the price-earnings ratio of Cummins changed compared to last year?

The price-to-earnings ratio of Cummins has increased by -60.58% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Cummins high compared to other companies?

Yes, the price-to-earnings ratio of Cummins is high compared to other companies.

How does an increase in the price-earnings ratio of Cummins affect the company?

An increase in the price-earnings ratio of Cummins would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Cummins affect the company?

A decrease in the price-earnings ratio of Cummins would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Cummins?

Some factors that influence the price-earnings ratio of Cummins are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Cummins pay?

Over the past 12 months, Cummins paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Cummins is expected to pay a dividend of 7.43 USD.

What is the dividend yield of Cummins?

The current dividend yield of Cummins is .

When does Cummins pay dividends?

Cummins pays a quarterly dividend. This is distributed in the months of June, September, December, March.

How secure is the dividend of Cummins?

Cummins paid dividends every year for the past 25 years.

What is the dividend of Cummins?

For the upcoming 12 months, dividends amounting to 7.43 USD are expected. This corresponds to a dividend yield of 2.65 %.

In which sector is Cummins located?

Cummins is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Cummins kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Cummins from 3/7/2024 amounting to 1.68 USD, you needed to have the stock in your portfolio before the ex-date on 2/22/2024.

When did Cummins pay the last dividend?

The last dividend was paid out on 3/7/2024.

What was the dividend of Cummins in the year 2023?

In the year 2023, Cummins distributed 6.04 USD as dividends.

In which currency does Cummins pay out the dividend?

The dividends of Cummins are distributed in USD.

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Andere Kennzahlen von Cummins

Our stock analysis for Cummins Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cummins Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.