The PE ratio for 3M stock stands at 16.76 as of Dec 6, 2024. This is calculated based on the current EPS of $7.94 and the stock price of $133.11 per share.
Over the last ten years, the average PE ratio of 3M has been 21.12. The current 16.76 PE ratio is 21% 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.
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% |
The current PE ratio of MMM is below the 3, 5 and 10-year averages.
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 (16.76) than its peer group average of 30.05.
Stock name | PE ratio | Market cap |
---|---|---|
HPQ Hp Inc | 12.57 | $34.89B |
MMM 3M Co | 16.76 | $72.49B |
ITW Illinois Tool Works Inc | 23.58 | $80.77B |
JNJ Johnson & Johnson | 24.76 | $359.48B |
HON Honeywell International Inc | 26.02 | $147.2B |
GE General Electric Co | 30.59 | $190.03B |
ALGN Align Technology Inc | 39.65 | $17.35B |
AAPL Apple Inc | 39.74 | $3.67T |
DHR Danaher Corp | 43.5 | $166.21B |
GLW Corning Inc | 260.84 | $42.43B |
XRAY DENTSPLY SIRONA Inc | N/A | $3.79B |
The price to earnings ratio for MMM stock as of Dec 6, 2024, stands at 16.76.
The 3-year average PE ratio for MMM stock is 19.97.
The 5-year average PE ratio for MMM stock is 19.29.
The highest quarterly PE ratio in the last ten years has been 59.76 and it was in the Jun 2024 quarter.
The current price to earnings ratio of MMM is 21% lower than the 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Dec 6, 2024), 3M's stock price is $133.11. 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 16.76. PE RATIO(16.76) = STOCK PRICE($133.11) / TTM EPS($7.94)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.