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3M forward PE MMM

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
18.7×
10-year median
18.5×
Against its 10-year history
53rd
percentile: 0 is its lowest day, 100 its highest
10-year range
9.4× to 23.9×
Peer median
23.5×

3M's forward PE is 18.7× as of Oct 23, 2026.

That is above its ten-year median of 18.5×, close to the middle of its last ten years.

Over that time it ranged from 9.4× in Oct 2023 to 23.9× in Apr 2019.

The median for 10 industrial stocks of a similar size is 23.5×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far18.7×16.0×20.0×
202519.3×16.6×20.5×
202417.3×10.4×18.7×
202312.0×9.4×16.1×
202214.9×13.0×19.2×
202119.0×18.5×23.4×
202019.6×15.1×22.1×
201921.6×18.4×23.9×
201819.5×16.9×21.5×
201720.1×17.3×20.6×
201617.8×15.3×18.9×
201516.6×15.8×18.7×
201418.0×14.4×18.0×
201316.0×12.2×16.0×
201211.8×10.8×12.4×
201111.6×10.1×13.8×
201012.1×11.4×14.0×
200913.7×8.9×14.0×
200812.6×11.1×15.1×
200713.9×13.2×15.9×

Against its peers

Companies in Industrials nearest 3M's size, closest first, today.

CompanyForward PE
MMM3M18.7×
CTASCintas39.2×
EMREmerson Electric22.8×
UPSUnited Parcel Service13.0×
CSXCSX23.6×
GDGeneral Dynamics20.0×
WMWaste Management28.1×
PWRQuanta Services30.2×
TTTrane Technologies26.8×
ITWIllinois Tool Works23.5×
NOCNorthrop Grumman18.9×
Peer median23.5×

Where 3M ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on 3M

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.