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MMM 3M PE ratio, current and historical analysis

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.

MMM PE ratio history

How has MMM's PE ratio performed in the past

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.

Average
21.12
Median
20.14
Minimum
9.58
Maximum
59.76

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

What is the average PE ratio of MMM for the past years

The current PE ratio of MMM is below the 3, 5 and 10-year averages.

3-year avg
19.97
5-year avg
19.29
10-year avg
21.12
15-year avg
19.37

MMM PE vs peers

What is MMM's PE ratio compared to its 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 (16.76) 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

Frequently asked questions

What is 3M's PE ratio?

The price to earnings ratio for MMM stock as of Dec 6, 2024, stands at 16.76.

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 21% 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 (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.