MMM3M

Industrials

$159.94+4.4% 1Y

$159.94

$140.4752 weeks$183.84

Latest close: below its 200-day averageOct 9, 2026what changed →

Is the price fair?

Fair

Neither cheap nor expensive: nothing decisive, though at the top of its own P/E range.

1 to watch, 2 neutral

What the price assumes~+6% a year

Priced for ~6% a year FCF growth. Roughly in line with its three-year revenue growth of 6% a year.

Vs its own P/E rangedearest in 37 quartersderived

Expensive vs its own history: P/E 28.4 vs a 13.8 median over 37 quarters (+107% vs median).

Vs sector (EV/EBIT)20.2×

Sector median 23.3× across 246 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Unless marked, from derived, as of Jun 30, 2026.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)middle of the market

FCF yieldmiddle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What MMM's price assumes

3M trades at 28.4× earnings against 18.3× for the median Conglomerates name, more expensive than its own group.

28.4

Trailing P/E · Conglomerates median 18.3 · 1.56× the median: the market pays up for this one

Price / sales: 3.33
Price / sales · today's price, trailing year to Jun 30, 2026
Free cash flow yield: 4.8%
Free cash flow yield · Industrials median 4.2%
Growth the price implies: +6.3%
Growth the price implies · The price pays for +6.3% free cash flow growth a year for a decade; the business has delivered −3.6% a year over the last three.