Valuation
26% of the score
67median 53
Cummins is valued at 19.2x its operating profit, including debt: an ordinary multiple.
60x
50x
35x
25x
18x
12x
8x
19.2x
Full points at 8x or less, none from 60xfull points
CMICummins
$518.43+24% 1Y
$518.43
$403.6052 weeks$727.32
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 77 out of 100, Strong
Today's price. Only valuation depends on it.
Strong. Cummins scores higher than 89% of the 2,231 companies Ryufin scores.
Carried by valuation and return on new capital, with nothing holding it far back.
Industrials median 61 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time78
81
76
63
70
77
77
202020212022202320242025today
The biggest move was down 13 points from 2022 to 2023, mostly return on new capital.
Return on capital
18% of the score
74median 24
Over 7 years the business earned 14% a year after tax on the capital it uses.
2%
8%
15%
25%
14%
None at 2% or less, full points from 25%full points
7 years agolatest 15%
Return on new capital
16% of the score
86median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 10 cents. New capital earned 15%, and 62% of profit went back into the business.
-5%
12%
9.6%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
88median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 1.4% a year over 5 years: buybacks
805%
-3%
-1.4%
0 pointsfull points
Assets against salesAssets grew 8.5% a year, sales 11%
10012%
-2%
-2.7%
0 pointsfull points
Cycle position
12% of the score
64median 63
Today's operating margin of 11% is 1.02x its normal 11%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
10 years agonow 11%
Balance sheet
8% of the score
98median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA0.7x a year of EBITDA
964.5x
0.5x
0.7x
0 pointsfull points
Interest coverOperating profit covers interest 12x
1001.5x
12x
12.1x
0 pointsfull points
Earnings quality
6% of the score
74median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.15x profit over 3 years
810.7x
1x
1.3x
1.2x
0 pointsfull points
AccrualsCash ran ahead of profit by 2% of assets
708%
0%
-8%
-2%
0 pointsfull points
Beneish M-score-2.43
71-1.50
-1.78
-2.22
-3.00
-2.43
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
On our screens:Quality at a reasonable price
Specialty Industrial Machinery
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