P/E ratio for 3M (MMM)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Honeywell HON	28.2	-383.58%	🇺🇸 USA
Danaher DHR	30.1	-402.01%	🇺🇸 USA
General Electric GE	21.1	-311.85%	🇺🇸 USA
Illinois Tool Works ITW	26.9	-370.38%	🇺🇸 USA
Johnson & Johnson JNJ	11.0	-210.32%	🇺🇸 USA
Dentsply Sirona XRAY	-19.8	98.96%	🇺🇸 USA
Apple AAPL	39.3	-494.92%	🇺🇸 USA
Amazon AMZN	108	-1,179.18%	🇺🇸 USA
Align Technology ALGN	49.5	-596.91%	🇺🇸 USA
HP HPQ	15.6	-256.50%	🇺🇸 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.