MMM 3M PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: MMM
- PE Ratio
The PE ratio for 3M stock stands at 18.44 as of Jun 4, 2025. This is calculated based on the current EPS of $7.96 and the stock price of $146.81 per share. A decrease of 34% has been seen in the P/E ratio compared to the average of 28.1 of the last 4 quarters.
MMM PE ratio history
Over the last ten years, the average PE ratio of 3M has been 20.91. The current 18.44 PE ratio is 12% 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: 41.49% in 2013
Maximum annual decrease: -32.32% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 17.03 | N/A | $129.09 | $7.58 |
| 2023 | N/A | N/A | $109.32 | -$12.63 |
| 2022 | 11.75 | -32.32% | $119.92 | $10.21 |
| 2021 | 17.36 | -6.36% | $177.63 | $10.23 |
| 2020 | 18.54 | -17.71% | $174.79 | $9.43 |
| 2019 | 22.53 | 7.49% | $176.42 | $7.83 |
| 2018 | 20.96 | -27.6% | $190.54 | $9.09 |
| 2017 | 28.95 | 35.34% | $235.37 | $8.13 |
| 2016 | 21.39 | 9.64% | $178.57 | $8.35 |
| 2015 | 19.51 | -9.42% | $150.64 | $7.72 |
| 2014 | 21.54 | 4.92% | $164.32 | $7.63 |
| 2013 | 20.53 | 41.49% | $140.25 | $6.83 |
| 2012 | 14.51 | 7.4% | $92.85 | $6.4 |
| 2011 | 13.51 | -10.47% | $81.73 | $6.05 |
| 2010 | 15.09 | -16.77% | $86.3 | $5.72 |
3M PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 18.45 | 8.34% | $146.86 | $7.96 |
| Dec 2024 | 17.03 | -1.1% | $129.09 | $7.58 |
| Sep 2024 | 17.22 | -71.18% | $136.7 | $7.94 |
| Jun 2024 | 59.76 | N/A | $102.19 | $1.71 |
| Mar 2024 | N/A | N/A | $106.07 | -$12.71 |
| Dec 2023 | N/A | N/A | $109.32 | -$12.63 |
| Sep 2023 | N/A | N/A | $93.62 | -$13.29 |
| Jun 2023 | N/A | N/A | $100.09 | -$2.76 |
| Mar 2023 | 10.8 | -8.09% | $105.11 | $9.73 |
| Dec 2022 | 11.75 | 22.65% | $119.92 | $10.21 |
| Sep 2022 | 9.58 | -46.63% | $110.5 | $11.53 |
| Jun 2022 | 17.95 | 16.86% | $129.41 | $7.21 |
| Mar 2022 | 15.36 | -11.52% | $148.88 | $9.69 |
| Dec 2021 | 17.36 | 2.06% | $177.63 | $10.23 |
| Sep 2021 | 17.01 | -11.73% | $175.42 | $10.31 |
MMM Price vs fair value
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 GE, MMM's PE ratio stands lower, however it is higher than JNJ's and HPQ's. 3M is presently trading at a lower PE ratio (18.44) than its peer group average of 26.79.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 9.65 | $23.65B |
| JNJ Johnson & Johnson | 16.91 | $368.66B |
| MMM 3M Co | 18.44 | $79.01B |
| ITW Illinois Tool Works Inc | 21.6 | $72.23B |
| HON Honeywell International Inc | 25.99 | $146.18B |
| AAPL Apple Inc | 31.49 | $3.03T |
| ALGN Align Technology Inc | 32.73 | $13.05B |
| DHR Danaher Corp | 37.2 | $138.18B |
| GE General Electric Co | 38.72 | $267.54B |
| GLW Corning Inc | 97.62 | $43.47B |
| XRAY DENTSPLY SIRONA Inc | N/A | $3.21B |
Frequently asked questions
What is 3M's PE ratio?
The price to earnings ratio for MMM stock as of Jun 4, 2025, stands at 18.44.
What is the 3-year average PE ratio for 3M (MMM)?
The 3-year average PE ratio for MMM stock is 20.32.
What is the 5-year average PE ratio for 3M (MMM)?
The 5-year average PE ratio for MMM stock is 19.11.
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 12% 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 (Jun 4, 2025), 3M's stock price is $146.81. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.96. Therefore, 3M's P/E ratio for today is 18.44. PE RATIO(18.44) = STOCK PRICE($146.81) / TTM EPS($7.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.