CMI
StockCummins Inc.
One email when a drop — in price or in valuation — is historically rare for CMI. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Cummins Inc. is 22.4% off its high — deeper than its 5.6% average pullback, but it has been through 250 drawdowns before. Not historically significant yet — we'll say so if that changes.
But down is not the same as cheap: Cummins Inc.'s P/S Severity Score is 0.0 — its valuation sits in or above its typical range.
Significant
Current Drawdown
-22.4%
Days in Drawdown
50
Avg Max Drawdown
5.6%
Avg Length
58
Drawdown Severity Score™
4.3
CMI - Price & High Water Mark
CMI - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of August 27, 2026 · updated daily
Where today's valuation sits within CMI's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Cummins Inc. has been cheaper on this measure only about 97% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Cummins Inc. has been cheaper on this measure only about 95% of the time in 20 years of daily history.
EV to EBITDA history · log scale
Cummins Inc. (CMI) Analysis: Current Drawdown Insights
Cummins Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-28, the stock is trading at $564.85, which represents a 22.4% decline from its all-time high of $727.59. This drawdown has persisted for 50 days.
Based on its full tracked price history, Cummins Inc. typically experiences drawdowns averaging 5.6% in depth, with an average duration of 58 days. Cummins Inc. has gone through 250 total drawdown events in its tracked history. The largest drawdown on record for Cummins Inc. was 75.7%, beginning in 2008. The longest drawdown duration on record was 2546 days.
The Drawdown Severity Score™ for Cummins Inc. currently stands at 4.27. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Cummins Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 250 tracked pullbacks (67 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-07-09 | Ongoing | 50 days | -22.4% | $727.59 | $564.85 | n/a |
| 2026-06-23 | 2026-06-25 | 3 days | -4.1% | $724.93 | $694.87 | $727.59 |
| 2026-06-18 | 2026-06-22 | 5 days | -0.1% | $717.78 | $716.86 | $724.93 |
| 2026-05-15 | 2026-06-17 | 34 days | -12.0% | $716.45 | $630.52 | $717.78 |
| 2026-05-07 | 2026-05-14 | 8 days | -5.1% | $715.76 | $679.55 | $716.45 |
| 2026-05-01 | 2026-05-05 | 5 days | -2.1% | $671.01 | $656.73 | $675.00 |
| 2026-04-28 | 2026-04-30 | 3 days | -3.3% | $660.80 | $638.95 | $671.01 |
| 2026-04-14 | 2026-04-17 | 4 days | -2.7% | $618.28 | $601.46 | $627.18 |
| 2026-02-05 | 2026-04-09 | 63 days | -15.5% | $605.63 | $511.70 | $610.99 |
| 2026-01-30 | 2026-02-02 | 4 days | -0.8% | $583.94 | $579.04 | $595.13 |
| 2026-01-23 | 2026-01-29 | 7 days | -2.2% | $583.07 | $569.96 | $583.94 |
| 2026-01-20 | 2026-01-21 | 2 days | -2.3% | $578.94 | $565.80 | $582.04 |
| 2026-01-14 | 2026-01-15 | 2 days | -0.4% | $567.44 | $565.18 | $574.84 |
| 2026-01-07 | 2026-01-09 | 3 days | -1.4% | $546.76 | $539.00 | $552.09 |
| 2025-12-11 | 2026-01-05 | 26 days | -5.2% | $524.53 | $497.44 | $531.70 |
| 2025-12-05 | 2025-12-10 | 6 days | -2.1% | $510.74 | $500.16 | $524.53 |
| 2025-12-01 | 2025-12-02 | 2 days | -0.4% | $497.98 | $496.15 | $501.50 |
| 2025-11-11 | 2025-11-24 | 14 days | -5.9% | $484.34 | $455.98 | $485.62 |
| 2025-10-30 | 2025-11-06 | 8 days | -2.8% | $441.26 | $428.74 | $462.80 |
| 2025-10-07 | 2025-10-29 | 23 days | -7.0% | $438.88 | $407.98 | $441.26 |
| 2025-09-19 | 2025-10-02 | 14 days | -2.9% | $426.39 | $414.04 | $432.59 |
| 2025-09-17 | 2025-09-18 | 2 days | -0.9% | $415.44 | $411.78 | $426.39 |
| 2025-09-12 | 2025-09-15 | 4 days | -0.2% | $411.03 | $410.27 | $414.20 |
| 2025-08-14 | 2025-09-10 | 28 days | -3.1% | $404.74 | $392.13 | $405.27 |
| 2025-02-20 | 2025-08-07 | 168 days | -30.5% | $380.13 | $264.26 | $382.66 |
| 2024-12-10 | 2025-02-19 | 72 days | -9.3% | $377.52 | $342.30 | $380.13 |
| 2024-11-27 | 2024-12-04 | 8 days | -1.7% | $371.58 | $365.32 | $372.51 |
| 2024-11-14 | 2024-11-21 | 8 days | -1.5% | $358.92 | $353.64 | $361.39 |
| 2024-11-12 | 2024-11-13 | 2 days | -0.9% | $351.17 | $347.89 | $358.92 |
| 2024-11-07 | 2024-11-08 | 2 days | -0.4% | $348.80 | $347.54 | $349.24 |
| 2024-10-15 | 2024-11-05 | 22 days | -3.8% | $331.52 | $319.03 | $347.28 |
| 2024-10-10 | 2024-10-11 | 2 days | -0.1% | $326.31 | $326.11 | $329.27 |
| 2024-10-07 | 2024-10-09 | 3 days | -0.6% | $325.02 | $322.94 | $326.31 |
| 2024-09-30 | 2024-10-03 | 4 days | -0.8% | $319.79 | $317.24 | $320.72 |
| 2024-09-25 | 2024-09-26 | 2 days | -1.9% | $317.01 | $311.07 | $318.05 |
| 2024-09-03 | 2024-09-23 | 21 days | -6.3% | $306.52 | $287.27 | $307.13 |
| 2024-08-27 | 2024-08-30 | 4 days | -1.3% | $303.87 | $299.87 | $306.52 |
| 2024-08-02 | 2024-08-23 | 22 days | -7.7% | $298.11 | $275.28 | $303.05 |
| 2024-04-12 | 2024-08-01 | 112 days | -11.5% | $293.24 | $259.53 | $298.11 |
| 2024-04-08 | 2024-04-09 | 2 days | -0.1% | $291.12 | $290.81 | $292.43 |
| 2024-04-03 | 2024-04-05 | 3 days | -0.4% | $286.47 | $285.31 | $291.12 |
| 2024-03-28 | 2024-04-02 | 6 days | -0.1% | $285.33 | $285.17 | $286.47 |
| 2024-03-22 | 2024-03-26 | 5 days | -1.2% | $282.14 | $278.62 | $282.55 |
| 2024-03-19 | 2024-03-20 | 2 days | -1.8% | $277.03 | $272.08 | $278.01 |
| 2024-03-07 | 2024-03-15 | 8 days | -3.6% | $264.75 | $255.20 | $266.11 |
| 2024-02-29 | 2024-03-04 | 5 days | -0.6% | $261.77 | $260.08 | $262.69 |
| 2024-02-20 | 2024-02-26 | 7 days | -1.7% | $256.37 | $251.90 | $257.75 |
| 2023-08-02 | 2024-02-15 | 198 days | -18.2% | $251.20 | $205.52 | $255.71 |
| 2021-03-16 | 2023-07-31 | 868 days | -30.5% | $246.86 | $171.57 | $247.23 |
| 2021-03-11 | 2021-03-12 | 2 days | -1.2% | $244.30 | $241.33 | $245.01 |
| 2021-03-09 | 2021-03-10 | 2 days | -0.8% | $240.44 | $238.53 | $244.30 |
| 2019-11-12 | 2020-06-08 | 209 days | -44.1% | $160.10 | $89.58 | $161.62 |
| 2018-01-29 | 2019-11-08 | 649 days | -32.8% | $156.80 | $105.29 | $159.96 |
| 2014-06-11 | 2017-02-09 | 975 days | -45.9% | $118.28 | $64.02 | $119.08 |
| 2012-03-20 | 2013-08-12 | 511 days | -34.5% | $90.54 | $59.32 | $91.02 |
| 2011-05-02 | 2012-02-03 | 278 days | -33.1% | $83.81 | $56.11 | $84.67 |
| 2010-04-30 | 2010-07-22 | 84 days | -16.7% | $52.28 | $43.53 | $52.49 |
| 2008-06-17 | 2010-04-27 | 680 days | -75.7% | $49.21 | $11.98 | $49.94 |
| 2007-10-16 | 2008-05-13 | 211 days | -39.1% | $46.39 | $28.27 | $47.02 |
| 2007-08-03 | 2007-09-18 | 47 days | -15.6% | $41.29 | $34.84 | $44.52 |
| 2006-10-17 | 2007-02-02 | 109 days | -16.9% | $22.60 | $18.79 | $22.90 |
| 2005-09-13 | 2006-01-04 | 114 days | -16.1% | $15.10 | $12.66 | $15.52 |
| 2004-12-29 | 2005-07-22 | 205 days | -24.1% | $13.50 | $10.25 | $13.89 |
| 1997-08-08 | 2004-07-27 | 2546 days | -72.4% | $10.78 | $2.98 | $11.00 |
| 1994-01-25 | 1997-01-29 | 1101 days | -37.6% | $7.01 | $4.37 | $7.13 |
| 1993-04-20 | 1993-11-02 | 197 days | -20.5% | $5.93 | $4.71 | $6.07 |
| 1987-06-10 | 1992-12-28 | 2029 days | -61.9% | $4.80 | $1.83 | $4.82 |
| 1986-03-05 | 1987-02-04 | 337 days | -32.6% | $3.83 | $2.58 | $3.84 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Cummins Inc. (CMI) is trading at $564.85 as of Aug 28, 2026. It is 22.4% below its high of $727.59. The drawdown has lasted 50 days. Severity score: 4.3 (Significant).
CMI Price History and Drawdown Data
Latest price
$564.85
High-water mark
$727.59
Current drawdown
-22.4%
Days in drawdown
50
This CMI page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Cummins Inc. drawdowns.
What History Says About CMI
Cummins Inc. has dropped 22%+ from its high 14 times in its tracked history. These events lasted an average of 769 days with an average max drop of -42.5%.
The current drawdown of -22.4% has lasted 50 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jun 2008 to Apr 2010 | -75.7% | 680 days |
| Aug 1997 to Jul 2004 | -72.4% | 2546 days |
| Jun 1987 to Dec 1992 | -61.9% | 2029 days |
| Jun 2014 to Feb 2017 | -45.9% | 975 days |
| Nov 2019 to Jun 2020 | -44.1% | 209 days |
| Oct 2007 to May 2008 | -39.1% | 211 days |
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