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 |
|---|---|---|
| 2021 | 17.4 | -7.23% |
| 2020 | 18.7 | -15.9% |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 23.4 | 127.96% | 🇺🇸 USA |
 Amazon AMZN | 87.8 | 757.32% | 🇺🇸 USA |
 Johnson & Johnson JNJ | 21.1 | 106.05% | 🇺🇸 USA |
 General Electric GE | -219 | -2,239.34% | 🇺🇸 USA |
 HP HPQ | 11.1 | 8.81% | 🇺🇸 USA |
 Illinois Tool Works ITW | 26.6 | 159.68% | 🇺🇸 USA |
 Honeywell HON | 24.1 | 134.91% | 🇺🇸 USA |
 Danaher DHR | 26.6 | 159.65% | 🇺🇸 USA |
 Align Technology
ALGN | 48.7 | 375.46% | 🇺🇸 USA |
 Dentsply Sirona
XRAY | -9.54 | -193.10% | 🇺🇸 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.