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 |
|---|---|---|
| 2022 | 11.8 | -32.22% |
| 2021 | 17.4 | -7.03% |
| 2020 | 18.7 | -16.08% |
| 2019 | 22.3 | 6.5% |
| 2018 | 20.9 | -27.76% |
| 2017 | 29.0 | 35.54% |
| 2016 | 21.4 | 9.47% |
| 2015 | 19.5 | -9.28% |
| 2014 | 21.5 | 4.74% |
| 2013 | 20.5 | 41.54% |
| 2012 | 14.5 | 7.57% |
| 2011 | 13.5 | -10.45% |
| 2010 | 15.1 | -17.11% |
| 2009 | 18.2 | 56.62% |
| 2008 | 11.6 | -21.58% |
| 2007 | 14.8 | -2.24% |
| 2006 | 15.1 | -20.53% |
| 2005 | 19.0 | -15.55% |
| 2004 | 22.5 | -18.46% |
| 2003 | 27.7 | 13.48% |
| 2002 | 24.4 | -25.38% |
| 2001 | 32.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 31.2 | -505.18% | 🇺🇸 USA |
 Amazon AMZN | 73.7 | -1,056.92% | 🇺🇸 USA |
 Johnson & Johnson JNJ | 11.1 | -244.31% | 🇺🇸 USA |
 General Electric GE | 14.0 | -281.86% | 🇺🇸 USA |
 HP HPQ | 12.2 | -258.14% | 🇺🇸 USA |
 Illinois Tool Works ITW | 23.9 | -409.88% | 🇺🇸 USA |
 Honeywell HON | 24.3 | -415.34% | 🇺🇸 USA |
 Danaher DHR | 27.5 | -457.23% | 🇺🇸 USA |
 Align Technology
ALGN | 45.8 | -695.04% | 🇺🇸 USA |
 Dentsply Sirona
XRAY | -32.2 | 318.02% | 🇺🇸 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.