Valuation
26% of the score
64median 56
3M is valued at 20.2x its operating profit, including debt: a rich multiple.
60x
50x
35x
25x
18x
12x
8x
20.2x
Full points at 8x or less, none from 60xfull points
MMM3M
$169.47+11% 1Y
$169.47
$140.4752 weeks$183.84
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 53 out of 100, Average
Today's price. Only valuation depends on it.
Average. 3M scores higher than 43% of the 1,794 companies Ryufin scores.
Carried by capital allocation and cycle position, held back by return on new capital and return on capital.
Industrials median 61 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time75
77
70
34
55
53
53
202020212022202320242025today
The biggest move was down 36 points from 2022 to 2023, mostly valuation.
Return on capital
18% of the score
44median 34
Over 7 years the business earned 7.9% a year after tax on the capital it uses.
2%
8%
15%
25%
7.9%
None at 2% or less, full points from 25%full points
7 years agolatest 14%
Return on new capital
16% of the score
0median 49
Over 6 years yearly profit fell by 30 cents for every dollar earned. It did so while using less capital than before.
-5%
12%
-30%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
81median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 1.5% a year over 5 years: buybacks
815%
-3%
-1.5%
0 pointsfull points
Assets against salesAssets grew -4.4% a year, sales -5%
8212%
-2%
0.5%
0 pointsfull points
Cycle position
12% of the score
70median 62
Today's operating margin of 18% is 0.96x its normal 19%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
10 years agonow 18%
Balance sheet
8% of the score
52median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA1.8x a year of EBITDA
684.5x
0.5x
1.8x
0 pointsfull points
Interest coverOperating profit covers interest 5x
361.5x
12x
5.3x
0 pointsfull points
Earnings quality
6% of the score
68median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 25.25x profit over 3 years
1000.7x
1x
1.3x
25.2x
0 pointsfull points
AccrualsProfit ran ahead of cash by 2.4% of assets
428%
0%
-8%
2.4%
0 pointsfull points
Beneish M-score-2.27
63-1.50
-1.78
-2.22
-3.00
-2.27
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
Conglomerates
The closest names by size in the same industry