MMM P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
MMM's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
MMM P/E ratio by year
Yearly range of MMM’s p/e ratio from 2016 to 2026. Over the full period it ranged from -33.2 to 82.5, averaging 16.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 23.5 | 28.6 | 32.6 | 29.9 |
| 2025 | 15.9 | 21.4 | 27.7 | 26.7 |
| 2024 | -8.3 | 18.9 | 82.5 | 17.1 |
| 2023 | -33.2 | -4.8 | 10.7 | -6.8 |
| 2022 | 7.8 | 12.5 | 17.8 | 8.7 |
| 2021 | 14.0 | 15.9 | 17.7 | 14.7 |
| 2020 | 12.6 | 15.9 | 19.4 | 15.8 |
| 2019 | 14.2 | 17.2 | 19.8 | 18.9 |
| 2018 | 17.9 | 24.1 | 27.3 | 17.9 |
| 2017 | 17.8 | 20.1 | 22.7 | 22.0 |
| 2016 | 17.3 | 18.3 | 19.2 | 18.8 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is MMM P/E ratio High or Low Right Now?
3M Company's P/E ratio is currently 29.9, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for MMM is approximately 17.3. See all MMM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.