MMM 3M PE ratio, current and historical analysis
The PE ratio for 3M stock stands at 16.04 as of Nov 21, 2024. This is calculated based on the current EPS of $7.94 and the stock price of $127.32 per share.
MMM PE ratio history
Over the last ten years, the average PE ratio of 3M has been 21.12. The current 16.04 PE ratio is 24% below the historical average. Over the past ten years, MMM's PE ratio was at its highest in the Jun 2024 quarter at 59.76, with a price of $102.19 and an EPS of $1.71. The Sep 2022 quarter recorded the bottom point at 9.58, with a price of $110.5 and an EPS of $11.53.
3M PE ratio by year
Maximum annual increase: 35.34% in 2017
Maximum annual decrease: -32.32% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | N/A | N/A |
| 2022 | 11.75 | -32.32% |
| 2021 | 17.36 | -6.36% |
| 2020 | 18.54 | -17.71% |
| 2019 | 22.53 | 7.49% |
| 2018 | 20.96 | -27.6% |
| 2017 | 28.95 | 35.34% |
| 2016 | 21.39 | 9.64% |
| 2015 | 19.51 | -9.42% |
| 2014 | 21.54 | 4.92% |
MMM average PE ratio chart
The current PE ratio of MMM is below the 3, 5 and 10-year averages.
MMM PE vs peers
Compared to its peers AAPL and JNJ, MMM's PE ratio stands lower, however it is higher than HPQ's. 3M is presently trading at a lower PE ratio (16.04) than its peer group average of 30.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 13.16 | $36.53B |
| MMM 3M Co | 16.04 | $69.33B |
| ITW Illinois Tool Works Inc | 23.26 | $79.69B |
| JNJ Johnson & Johnson | 25.79 | $374.39B |
| HON Honeywell International Inc | 25.99 | $147.01B |
| GE General Electric Co | 31.13 | $193.41B |
| AAPL Apple Inc | 37.4 | $3.45T |
| ALGN Align Technology Inc | 38.94 | $17.04B |
| DHR Danaher Corp | 44.43 | $169.77B |
| GLW Corning Inc | 251.79 | $40.96B |
| XRAY DENTSPLY SIRONA Inc | N/A | $3.71B |
Frequently asked questions
What is 3M's PE ratio?
The price to earnings ratio for MMM stock as of Nov 21, 2024, stands at 16.04.
What is the 3-year average PE ratio for 3M (MMM)?
The 3-year average PE ratio for MMM stock is 19.97.
What is the 5-year average PE ratio for 3M (MMM)?
The 5-year average PE ratio for MMM stock is 19.29.
What is the highest PE ratio for MMM?
The highest quarterly PE ratio in the last ten years has been 59.76 and it was in the Jun 2024 quarter.
How does the current PE ratio for MMM compare to its historical average?
The current price to earnings ratio of MMM is 24% lower than the 10-year historical average.
How is MMM's PE ratio calculated (3M PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), 3M's stock price is $127.32. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.94. Therefore, 3M's P/E ratio for today is 16.04. PE RATIO(16.04) = STOCK PRICE($127.32) / TTM EPS($7.94)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.