Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.84 as of Saturday, July 25, 2026.
Forward PE Ratio (22.84) = Close Price ($664.65) / Consensus Forward EPS ($29.10)
FORWARD PE RATIO
22.84
SECTOR MEDIAN · INDUSTRIALS
25.88
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-11.73%
vs the sector median at left
Cummins Inc.
Market Cap
$91.71B
Forward PE Ratio
22.84
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Cummins Inc. (CMI) | $91.71B | 22.84 |
| Quanta Services, Inc. (PWR)vs › | $93.91B | 44.69 |
| 3M Company (MMM)vs › | $89.02B | 19.44 |
| Waste Management, Inc. (WM)vs › | $95.88B | 29.32 |
| Johnson Controls International plc (JCI)vs › | $87.47B | 29.28 |
| United Parcel Service, Inc. (UPS)vs › | $85.70B | 16.16 |
| CSX Corporation (CSX)vs › | $98.61B | 26.62 |
| Emerson Electric Co. (EMR)vs › | $82.86B | 22.75 |
| Cintas Corporation (CTAS)vs › | $82.39B | 42.06 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.99B | 17.79 |
Trailing P/E
34.5
reported TTM EPS
Forward P/E
22.8
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $29.10 implies +51.2% EPS growth vs the reported trailing $19.25.
At today's $664.65 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.
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
| Fiscal year end |
|---|
| Consensus EPS |
|---|
| Estimate range |
|---|
| Analysts |
|---|
| Implied P/E |
|---|
| 2026-12-31 | $29.10 | $28.23 – $30.14 | 7 | 22.8x |
| 2027-12-31 | $33.91 | $32.43 – $37.11 | 10 | 19.6x |
| 2028-12-31 | $40.01 | $31.35 – $45.95 | 7 | 16.6x |
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.
