• Cummins average price/book ratio for 2024 was 3.89, a 29.67% decline from 2023.
• Cummins average price/book ratio for 2023 was 3, a 3.09% increase from 2022.
• Cummins average price/book ratio for 2022 was 2.91, a 15.9% increase from 2021.

Price/book ratio can be defined as