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MMM 3M PE ratio, current and historical analysis

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

How has MMM's PE ratio performed in the past

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.

Today
18.44
Average
20.91
Median
19.44
Minimum
9.58
Maximum
59.76

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

How does MMM's price compare to its estimated fair value based on its growth

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
20.32
5-year avg
19.11
10-year avg
20.91
15-year avg
19.38

MMM PE vs peers

What is MMM's PE ratio compared to its 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.