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	28.1	-388.90%	🇺🇸 USA
Danaher DHR	28.7	-395.54%	🇺🇸 USA
General Electric GE	19.7	-302.15%	🇺🇸 USA
Illinois Tool Works ITW	25.2	-359.25%	🇺🇸 USA
Johnson & Johnson JNJ	10.3	-205.64%	🇺🇸 USA
Dentsply Sirona XRAY	-18.7	91.81%	🇺🇸 USA
Apple AAPL	41.5	-527.06%	🇺🇸 USA
Amazon AMZN	115	-1,279.41%	🇺🇸 USA
Align Technology ALGN	45.1	-563.41%	🇺🇸 USA
HP HPQ	14.0	-244.28%	🇺🇸 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.