3M
MMM
#261
Rank
$57.42 B
Marketcap
$104.31
Share price
1.25%
Change (1 day)
-29.80%
Change (1 year)

P/E ratio for 3M (MMM)

P/E ratio as of March 2023 (TTM): 10.2

According to 3M's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.2446. At the end of 2021 the company had a P/E ratio of 17.4.

P/E ratio history for 3M from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202117.4-7.23%
202018.7-15.9%
201922.36.5%
201820.9-27.76%
201729.035.54%
201621.49.47%
201519.5-9.28%
201421.54.74%
201320.541.54%
201214.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
23.4 127.96%๐Ÿ‡บ๐Ÿ‡ธ USA
87.8 757.32%๐Ÿ‡บ๐Ÿ‡ธ USA
21.1 106.05%๐Ÿ‡บ๐Ÿ‡ธ USA
-219-2,239.34%๐Ÿ‡บ๐Ÿ‡ธ USA
11.1 8.81%๐Ÿ‡บ๐Ÿ‡ธ USA
26.6 159.68%๐Ÿ‡บ๐Ÿ‡ธ USA
24.1 134.91%๐Ÿ‡บ๐Ÿ‡ธ USA
26.6 159.65%๐Ÿ‡บ๐Ÿ‡ธ USA
48.7 375.46%๐Ÿ‡บ๐Ÿ‡ธ USA
-9.54-193.10%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.