Is Cummins Inc.'s (NYSE:CMI) P/E Ratio Really That Good? [Yahoo! Finance News]
Cummins Inc. (CMI)
Last cummins inc. earnings: 4/28 07:30 am
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investor.cummins.com/phoenix.zhtml?c=112916&p=irol-irhome
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Source: Yahoo! Finance News
Is Cummins Inc.'s (NYSE:CMI) P/E Ratio Really That Good? This article is written for those who want to get better at using price to earnings ratios P/E ratios). We'll look at Cummins Inc.'s NYSE:CMI Cummins has a price to earnings ratio of 9.90 Check out our latest analysis for Cummins How Do You Calculate Cummins's P/E Ratio? The formula for P/E Price to Earnings Ratio = Price per Share ÷ Earnings per Share EPS) Or for Cummins: P/E of 9.90 = $162.76 ÷ $16.44 Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? A higher P/E ratio means that investors are paying a higher price per se How Does Cummins's P/E Ratio Compare To Its Peers? The P/E ratio essentially measures market expectations of a company. If you look at the image below, you can see Cummins has a lower P/E than the average 19.7) in the machinery industry classification. Its relatively low P/E ratio indicates that Cummins shareholders think it will struggle to do as well as other companies in its industr
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News
- BAE Systems to collaborate with Cummins on 2027 and beyond hybrid drivetrain for transit bus industry [Yahoo! Finance]Yahoo! Finance
- How a highway could power heavy-duty electric vehicles [USA TODAY]USA TODAY
- Cummins (CMI) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Industrial Low-voltage Alternator Market to Reach $3.4 Billion Globally by 2032 at 8.7% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
- Cummins Inc. (NYSE: CMI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
CMI
Earnings
- 2/6/24 - Miss
CMI
Sec Filings
- 4/23/24 - Form PX14A6G
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- CMI's page on the SEC website