CMI

NYSE

CUMMINS INC

Industrials, Construction Machinery & Heavy Transportation Equipment

$644.26

close 7 Aug 2026

+65.91%

52-week change

$88.69B

market cap

$386.30

$737.76

52-week range

Expected price

$289.30 – $353.59

Current price

$644.26

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)32.95x

P/S (TTM)2.56x

P/B6.90x

EV/EBITDA (TTM)18.43x

FCF yield (TTM)3.80%

PEG (TTM, GAAP)3.09

Context

P/E, own 5-year average20.67x

P/E, sector median29.72x*

Price at 5-year median P/E$318.25*

Indicated dividend yield1.24%

Forward — analyst consensus

Forward P/E (FY2026)22.24x*

Forward P/E (FY2027)19.01x

Forward PEG1.31*

Consensus EPS FY2026 (9 analysts)$28.97

EPS growth (FY2026→FY2027)17.00%

Revenue growth (FY2026)12.02%

Street view

Price target (mean)$757.52*

Target upside17.58%

Ratings (buy / hold / sell)13 / 7 / 1

FY2026 EPS revisions, 30d (up / down)3 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +1.69%10Y CAGR +6.09%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$644.26

Cash & equivalents$3.18B

Total debt$6.89B

Shares outstanding137.66M

Result

DCF price per share$400.98

Current price$644.26

Margin of safety-37.76%

PV of years 1–10$24.54B

PV of terminal value$34.37B

Equity value$55.20B

Market-implied growth+7.45%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.42B	$3.48B	$3.54B	$3.60B	$3.66B	$3.72B	$3.79B	$3.85B	$3.92B	$3.98B	$74.20B
PV	$3.17B	$2.99B	$2.81B	$2.65B	$2.49B	$2.35B	$2.21B	$2.08B	$1.96B	$1.84B	$34.37B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026