3M (MMM) fundamentals: P/E, valuation, undervalued?
3M · Industrials · ref. ETF XLI · price $162.77
In short — 3M trades at 28.9× earnings (P/E), 16.6× forward, with a net margin of 11.9 % and revenue growth of +3 %. Read: Cheap for the growth (P/E 17 for ~33% growth (PEG 0.5)).
Is 3M stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$162.77+6.7% over range
Oct 14, 25low $141.2 · high $183.78Oct 13, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Hold
29% recommend buying · 7 analysts
Valuation : Cheap for the growth — P/E 17 for ~33% growth (PEG 0.5)
Valuation
28.9
P/E (price/earnings)
16.6
Forward P/E
0.88
PEG
28.4
Price/book (P/B)
$83.9B
Market cap
5.63
EPS
Profitability & growth
11.9 %
Net margin
+3 %
Revenue growth
+33 %
Earnings growth
$13.2B
Total debt
3M income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $34.2B | $5.8B | 16.9 % |
| 2023 | $32.7B | $-7.0B | -21.4 % |
| 2024 | $23.6B | $4.2B | 17.7 % |
| 2025 | $24.3B | $3.3B | 13.4 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is 3M's P/E and is the stock undervalued? What's a good P/E?
3M's P/E is 28.9 (forward 16.6). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is 3M profitable?
3M has a net margin of 11.9 % (EPS 5.63). The company is profitable.
Is MMM stock expensive?
Our read: "Cheap for the growth" — P/E 17 for ~33% growth (PEG 0.5). Cross-check with growth and sector.
💬 A question about 3M? The JPI assistant answers using our backtest data.