3M Company (MMM) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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MMM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, 3M Company (MMM) trades at a price-to-earnings ratio of 23.8x, with a stock price of $142.82 and trailing twelve-month earnings per share of $5.23.
The current P/E is 26% above its 5-year average of 18.9x. Over the past five years, MMM's P/E has ranged from a low of 8.0x to a high of 60.5x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.7x, MMM is roughly in line with its sector peers. The sector includes 416 companies with P/E ratios ranging from 0.0x to 183.1x.
Relative to the broader market, MMM trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MMM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MMM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $132B | 28.4 | 15.47 | -15% | |
| $78B | 34.3 | 7.59 | +18% | |
| $73B | 24.3 | 2.52 | -10% | |
| $159B | 39.3 | 1.60 | +10% | |
| $110B | 32.2 | 1.35Best | +24% | |
| $49B | 56.8 | - | -7% | |
| $12B | 18.4 | 3.16 | +1% | |
| $24B | 15.4Lowest | 1.67 | +46%Best | |
| $77B | 30.4 | 4.40 | -3% | |
| $37B | 25.1 | 2.62 | -1% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MMM Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $145.23 | $5.19 | 28.0x | +63% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $160.10 | $6.00 | 26.7x | +56% |
| FY2025 Q3 | $155.18 | $6.26 | 24.8x | +45% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $152.24 | $7.19 | 21.2x | +24% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $146.86 | $7.91 | 18.6x | +8% |
| FY2024 Q4 | $129.09 | $7.54 | 17.1x | -0% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $136.70 | $7.91 | 17.3x | +1% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $102.19 | $1.69 | 60.5x | +253% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $87.88 | $9.65 | 9.1x | -47% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $100.26 | $10.15 | 9.9x | -42% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $92.39 | $11.48 | 8.0x | -53% |
| FY2022 Q2 | $108.20 | $7.16 | 15.1x | -12% |
Average P/E for displayed period: 17.1x
Full MMM Stock Analysis
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Start ComparisonMMM — Frequently Asked Questions
Quick answers to the most common questions about buying MMM stock.
Is MMM stock overvalued or undervalued?
MMM trades at 23.8x P/E, above its 5-year average of 18.9x. The 80th percentile ranking indicates a premium to historical valuation.
How does MMM's valuation compare to peers?
3M Company P/E of 23.8x compares to sector median of 25.7x. The discount suggests lower growth expectations or higher risk.
What is MMM's PEG ratio?
MMM PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.