• Cummins average price/book ratio for 2024 was 3.86, a 29.53% decline from 2023.
• Cummins average price/book ratio for 2023 was 2.98, a 3.11% increase from 2022.
• Cummins average price/book ratio for 2022 was 2.89, a 15.99% increase from 2021.

Price/book ratio can be defined as