Cummins P/B Ratio
Cummins (CUMMINSIND) P/B ratio is 19.04 (High), book value per share ₹1374.73 vs Industrial Products average P/B of -1.91 — Very High - Significant premium, high growth expectations or speculative. For live price, earnings yield and the full fundamental profile, see CUMMINSIND share price screener.
Current Valuation Metrics
Book Value Breakdown (2025)
Valuation Signal
Sector Context
CUMMINSIND P/B Ratio — Valuation Insights & Book Value Analysis
Cummins price-to-book ratio interpretation, valuation status and historical context — current P/B 19.04 (High). Compare with CUMMINSIND fair value to assess whether the stock is under or overvalued.
- Stock appears overvalued with PB of 19.04, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 813.6% above historical average
- Trading at premium to sector average PB of -1.91
Cummins P/B Ratio Historical Trend
CUMMINSIND annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View CUMMINSIND annual price range for the annual high/low range and current price position.
CUMMINSIND Historical P/B Ratio — Book Value Per Share & Year-End Price
Cummins annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2025 | 3.23 | ₹1374.73 | ₹4434.40 | ₹7,561 | High |
| 2024 | 2.72 | ₹1202.18 | ₹3274.00 | ₹6,612 | Moderate |
| 2023 | 1.88 | ₹1046.91 | ₹1963.95 | ₹5,758 | Moderate |
| 2022 | 1.48 | ₹935.45 | ₹1380.40 | ₹5,145 | Moderate |
| 2021 | 1.11 | ₹845.64 | ₹941.80 | ₹4,651 | Moderate |
CUMMINSIND vs Industrial Products Peers — P/B Ratio Comparison
Cummins P/B 19.04 vs Industrial Products average -1.91, median -0.32 — range -13.96–0.39.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Mahalaxmi Seamless | MAHALXSE | -13.96 | ₹4 | Low |
| Shah Alloys | SHAHALLOYS | -13.32 | ₹144 | Low |
| Cochin Malabar Estates | COCHMAL | -11.49 | ₹24 | Low |
| TPINDIA | TPINDIA | -8.28 | ₹92 | Low |
| Electrotherm | ELECTHERM | -6.41 | ₹966 | Low |
| Heera Ispat | HEERAISP | -5.94 | ₹5 | Low |
| Mahip Industries | MAHIP | -5.46 | ₹45 | Low |
| Nova Iron & Steel | NOVIS | -4.44 | ₹45 | Low |
| Mukat Pipes | MUKATPIP | -3.45 | ₹25 | Low |
| MSR India | MSRINDIA | -2.9 | ₹31 | Low |