3M
MMM
#293
Rank
$56.77 B
Marketcap
$102.79
Share price
1.08%
Change (1 day)
-17.49%
Change (1 year)

P/E ratio for 3M (MMM)

P/E ratio as of December 2023 (TTM): -7.71

According to 3M's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -7.7054. At the end of 2022 the company had a P/E ratio of 11.8.

P/E ratio history for 3M from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.8-32.22%
202117.4-7.03%
202018.7-16.08%
201922.36.5%
201820.9-27.76%
201729.035.54%
201621.49.47%
201519.5-9.28%
201421.54.74%
201320.541.54%
201214.57.57%
201113.5-10.45%
201015.1-17.11%
200918.256.62%
200811.6-21.58%
200714.8-2.24%
200615.1-20.53%
200519.0-15.55%
200422.5-18.46%
200327.713.48%
200224.4-25.38%
200132.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
31.2-505.18%๐Ÿ‡บ๐Ÿ‡ธ USA
73.7-1,056.92%๐Ÿ‡บ๐Ÿ‡ธ USA
11.1-244.31%๐Ÿ‡บ๐Ÿ‡ธ USA
14.0-281.86%๐Ÿ‡บ๐Ÿ‡ธ USA
12.2-258.14%๐Ÿ‡บ๐Ÿ‡ธ USA
23.9-409.88%๐Ÿ‡บ๐Ÿ‡ธ USA
24.3-415.34%๐Ÿ‡บ๐Ÿ‡ธ USA
27.5-457.23%๐Ÿ‡บ๐Ÿ‡ธ USA
45.8-695.04%๐Ÿ‡บ๐Ÿ‡ธ USA
-32.2 318.02%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.