• Cummins average price/book ratio for 2024 was 3.79, a 25.91% increase from 2023.
• Cummins average price/book ratio for 2023 was 3.01, a 3.08% increase from 2022.
• Cummins average price/book ratio for 2022 was 2.92, a 16.09% increase from 2021.

Price/book ratio can be defined as