MMM 3M PE ratio, current and historical analysis
The PE ratio for 3M stock stands at 19.13 as of Feb 21, 2025. This is calculated based on the current EPS of $7.58 and the stock price of $144.98 per share.
MMM PE ratio history
Over the last ten years, the average PE ratio of 3M has been 21.0. The current 19.13 PE ratio is 9% 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 |
|---|---|---|---|---|
| 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 |
| Jun 2021 | 19.27 | -0.46% | $198.63 | $10.31 |
MMM average PE ratio chart
The current PE ratio of MMM is greater than its 5-year historical average, but it is below the 3 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 (19.13) than its peer group average of 28.82.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.24 | $32.48B |
| MMM 3M Co | 19.13 | $78.71B |
| ITW Illinois Tool Works Inc | 22.49 | $77.57B |
| HON Honeywell International Inc | 24.19 | $137.74B |
| JNJ Johnson & Johnson | 27.79 | $390.76B |
| ALGN Align Technology Inc | 32.5 | $14.22B |
| GE General Electric Co | 33.08 | $214.48B |
| AAPL Apple Inc | 38.85 | $3.69T |
| DHR Danaher Corp | 39.44 | $150.25B |
| GLW Corning Inc | 87.27 | $44.1B |
| XRAY DENTSPLY SIRONA Inc | N/A | $3.73B |
Frequently asked questions
What is 3M's PE ratio?
The price to earnings ratio for MMM stock as of Feb 21, 2025, stands at 19.13.
What is the 3-year average PE ratio for 3M (MMM)?
The 3-year average PE ratio for MMM stock is 19.93.
What is the 5-year average PE ratio for 3M (MMM)?
The 5-year average PE ratio for MMM stock is 18.95.
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 9% 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 (Feb 21, 2025), 3M's stock price is $144.98. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $7.58. Therefore, 3M's P/E ratio for today is 19.13. PE RATIO(19.13) = STOCK PRICE($144.98) / TTM EPS($7.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.