MMM3M

Industrials

$173.47+16% 1Y

$173.47

$140.4752 weeks$183.84

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~+12% a year

Priced for ~12% a year FCF growth. Roughly in line with its three-year revenue growth of 11% a year.

Vs its own P/E rangedearer than 89% of its own historyderived

Expensive vs its own history: P/E 25.9 vs a 14.0 median over 38 quarters (+85% vs median).

Vs sector (EV/EBIT)21.1×

Sector median 21.2× 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 Sep 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 yieldbehind 75% 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 25.9× earnings against 17.0× for the median Conglomerates name, more expensive than its own group.

25.9

Trailing P/E · Conglomerates median 17.0 · 1.52× the median: the market pays up for this one

Price / sales: 3.55
Price / sales · today's price, trailing year to Sep 30, 2026
Free cash flow yield: 3.0%
Free cash flow yield · Industrials median 4.7%
Growth the price implies: +12%
Growth the price implies · The price pays for +12% free cash flow growth a year for a decade; the business has delivered −18% a year over the last three.

Details›

Price / booktoday's price, trailing year to Sep 30, 2026: 21.7
EV / EBITtoday's price, trailing year to Sep 30, 2026: 21.1
EV / salestoday's price, trailing year to Sep 30, 2026: 3.95
Industrials median P/E434 names: 26.2
Conglomerates median P/E13 names: 17.0
Free cash flow, trailing twelve months: $2.68B
Market capitalisation516.7 million shares, counted Sep 30, 2026: $89.6B
3-year revenue growth: +11%
3-year free cash flow growth: −18%

What the market has paid for these earnings: 38 quarters of its own multiple × $6.71 of trailing earnings per share
Method	Per share
Its own P/E history, lower quartile	$86.33
Its own P/E history, median	$93.91
Its own P/E history, upper quartile	$121.31
52-week range	$140.47 – $183.84
Today	$173.47

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.