Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.89.
Forward PE Ratio (19.89) = Close Price ($587.68) / Consensus Forward EPS ($29.54)
FORWARD PE RATIO
19.89
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-17.76%
vs the sector median at left
Cummins Inc.
Market Cap
$81.09B
Forward PE Ratio
19.89
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Cummins Inc. (CMI) | $81.09B | 19.89 |
| Illinois Tool Works Inc. (ITW)vs › | $81.21B | 24.70 |
| Cintas Corporation (CTAS)vs › | $81.55B | 41.63 |
| Norfolk Southern Corporation (NSC)vs › | $78.77B | 27.07 |
| Canadian National Railway Company (CNI)vs › | $78.54B | 15.48 |
| Northrop Grumman Corporation (NOC)vs › | $78.28B | 19.04 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $85.00B | 18.12 |
| FedEx Corporation (FDX)vs › | $76.91B | 16.37 |
| United Parcel Service, Inc. (UPS)vs › | $86.66B | 14.18 |
| Emerson Electric Co. (EMR)vs › | $88.06B | 23.99 |
Trailing P/E
30.0
reported TTM EPS
Forward P/E
19.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $29.54 implies +51.0% EPS growth vs the reported trailing $19.56.
At today's $587.68 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $29.54 | $28.91 – $30.40 | 10 | 19.9x |
| 2027-12-31 | $34.54 | $32.85 – $37.07 | 11 | 17.0x |
| 2028-12-31 | $40.40 | $30.54 – $43.93 | 10 | 14.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
