3M
MMM
#193
Rank
$68.89 B
Marketcap
$124.64
Share price
-3.41%
Change (1 day)
-28.99%
Change (1 year)

P/E ratio for 3M (MMM)

P/E ratio as of November 2022 (TTM): 10.8

According to 3M's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8101. 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
23.5 117.28%๐Ÿ‡บ๐Ÿ‡ธ USA
84.4 681.21%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4 125.27%๐Ÿ‡บ๐Ÿ‡ธ USA
-15.5-242.97%๐Ÿ‡บ๐Ÿ‡ธ USA
5.04-53.33%๐Ÿ‡บ๐Ÿ‡ธ USA
25.5 135.91%๐Ÿ‡บ๐Ÿ‡ธ USA
27.3 152.98%๐Ÿ‡บ๐Ÿ‡ธ USA
28.4 162.60%๐Ÿ‡บ๐Ÿ‡ธ USA
29.2 170.09%๐Ÿ‡บ๐Ÿ‡ธ USA
19.0 76.11%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.