# 3M Company (MMM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Machinery. Price $168.56, market value $86.9 billion.

## Valuation
- **P/E (trailing): 29.9×** (5-yr avg 16.1×, 3-yr avg 21.5×). 3M Company trades at 29.9× trailing earnings, well above its own five-year average of 16.1×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 17.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 29.4×**. The shares trade at 29.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 16.6×**. Enterprise value is 16.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.6%** (5-yr avg 5.7%). Free cash flow equals 4.6% of the market value, below its five-year average of 5.7%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.3%**. The inverse of the P/E: 3.3% of the price is earned each year.

## Profitability
- **Operating margin: 18.4%**. 18.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.0%**. 13.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 69.1%**. A 69.1% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 21.1%**. Return on all capital, debt included, is 21.1%: comfortably above what that capital costs.
- **Return on assets: 7.9%**. Each dollar of assets produces 7.9% of profit.

## Growth
- **Revenue growth (1 yr): 1.5%** (3-yr -1.6%/yr, 5-yr -5.0%/yr). Revenue grew 1.5% over the last year, against -5.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -20.5%** (3-yr -16.2%/yr, 5-yr -8.5%/yr). Earnings per share fell 20.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -28.6%/yr**. Free cash flow has compounded at -28.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 2.68**. Debt is 2.68 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Current ratio: 1.71** (quick 1.71). Current assets cover the next year's liabilities 1.71 times.
- **Altman Z-score: 3.04**. A Z-score of 3.04 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.85%** ($3.02 per share, trailing). 3M Company yields 1.85%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 48%** (40% of free cash flow). 48% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): -9.9%/yr** (1-yr -13.2%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (17 analysts). 17 analysts cover 3M Company; the consensus is buy, with an average price target of $185.57 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 9.9%** (YTD 6.3%, 3-mo 9.6%). The shares are up 9.9% over twelve months including dividends.
- **From 52-week high: -8.8%** (21.0% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 0.77** (volatility 26%). Beta of 0.77 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MMM · Page: https://foliofundamentals.com/stocks/mmm

Not investment advice.