3M (MMM) valuation
3M P/E ratio history
3M trades at 26.0 times its earnings over the last twelve months and 18.0 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 11.8 (year to Dec 2022) to 29.7 (year to Dec 2017), with a median of 21.4.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $160.10 | $6.00 | 26.7 | 18.9 |
| Dec 31, 2024 | $129.09 | $7.29 | 17.7 | 16.6 |
| Dec 31, 2023 | $92.26 | -$10.66 | n/m | 12.0 |
| Dec 31, 2022 | $101.20 | $8.59 | 11.8 | 11.6 |
| Dec 31, 2021 | $149.91 | $8.54 | 17.6 | 17.3 |
| Dec 31, 2020 | $147.51 | $7.87 | 18.7 | — |
| Dec 31, 2019 | $148.89 | $6.59 | 22.6 | — |
| Dec 31, 2018 | $160.80 | $7.51 | 21.4 | — |
| Dec 31, 2017 | $198.64 | $6.68 | 29.7 | — |
| Dec 31, 2016 | $150.70 | $6.89 | 21.9 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
3M valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| 3MMMM | $89.9B | 26.0 | 18.0 | 3.6 |
| HoneywellHON | $69.2B | 10.4 | 23.0 | 2.3 |
| Peer median | 10.4 | 23.0 | 2.3 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: MMM financials · MMM returns
No forecast, no recommendation. This page describes 3M from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.