MMM
3M
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: MMM
- PE Ratio
The PE ratio for 3M stock stands at 29.29 as of Jun 2, 2026. This is calculated based on the current EPS of $5.22 and the stock price of $152.9 per share. An increase of 17% has been seen in the P/E ratio compared to the average of 25.0 of the last 4 quarters.
MMM PE ratio history
Over the last ten years, the average PE ratio of 3M has been 21.52. The current 29.29 PE ratio is 36% above 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: 55.37% in 2025
Maximum annual decrease: -32.32% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 26.46 | 55.37% | $160.1 | $6.05 |
| 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 |
3M PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 27.82 | 5.14% | $145.23 | $5.22 |
| Dec 2025 | 26.46 | 7.6% | $160.1 | $6.05 |
| Sep 2025 | 24.59 | 16.93% | $155.18 | $6.31 |
| Jun 2025 | 21.03 | 13.98% | $152.24 | $7.24 |
| 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 |
MMM Price vs fair value
MMM average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of MMM is greater than its 3, 5 and 10-year historical averages.
PE comparison
3M's P/E of 29.29 is above its peers average but below the Industrials sector and the industry average. But compared to its Industrials sector average of 30.18, 3M's P/E is only 2.9% lower.
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 ITW's. 3M's current PE ratio of 29.29 is comparable to the average of its peer group, which is 29.22.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 9.54 | $23.81B |
| ITW Illinois Tool Works Inc | 23.19 | $72B |
| JNJ Johnson & Johnson | 25.57 | $537.39B |
| ALGN Align Technology Inc | 27.09 | $11.58B |
| MMM 3M Co | 29.05 | $79.1B |
| DHR Danaher Corp | 34.31 | $126.04B |
| HON Honeywell International Inc | 34.61 | $141.47B |
| AAPL Apple Inc | 37.43 | $4.56T |
| GE General Electric Co | 38.46 | $328.28B |
| GLW Corning Inc | 95.15 | $172.78B |
| XRAY DENTSPLY SIRONA Inc | N/A | $1.93B |
Frequently asked questions
What is 3M's PE ratio?
The price to earnings ratio for MMM stock as of Jun 2, 2026, stands at 29.29.
What is the 3-year average PE ratio for 3M (MMM)?
The 3-year average PE ratio for MMM stock is 26.55.
What is the 5-year average PE ratio for 3M (MMM)?
The 5-year average PE ratio for MMM stock is 20.72.
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 36% higher 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 2, 2026), 3M's stock price is $152.9. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $5.22. Therefore, 3M's P/E ratio for today is 29.29. PE RATIO(29.29) = STOCK PRICE($152.9) / TTM EPS($5.22)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.