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3M price to free cash flow MMM

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026
22.4×
10-year median
15.1×
Against its 10-year history
78th
percentile: 0 is its lowest day, 100 its highest
10-year range
8.3× to 132×
Peer median
26.8×

3M's price to free cash flow is 22.4× as of Oct 23, 2026.

That is above its ten-year median of 15.1×, higher than on 78% of days in the last ten years.

Over that time it ranged from 8.3× in Feb 2024 to 132× in Feb 2025.

The median for 10 industrial stocks of a similar size is 26.8×.

Price to free cash flow 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 far22.4×20.7×65.1×
202554.2×54.2×132×
202495.9×8.3×99.0×
202310.4×8.3×15.4×
202214.3×11.5×16.8×
202113.2×12.1×14.8×
202013.3×11.2×16.5×
201916.1×13.6×21.7×
201820.3×19.7×25.6×
201722.4×16.4×22.9×
201616.8×15.0×18.0×
201516.3×15.2×18.2×
201418.2×16.8×19.8×
201319.9×14.5×19.9×
201213.9×12.1×14.3×
201112.6×11.0×15.8×
201013.8×10.1×13.9×

Against its peers

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

CompanyPrice to free cash flow
MMM3M22.4×
CTASCintas43.8×
EMREmerson Electric26.1×
UPSUnited Parcel Service15.8×
CSXCSX33.7×
GDGeneral Dynamics14.7×
WMWaste Management26.8×
PWRQuanta Services34.4×
TTTrane Technologies27.6×
ITWIllinois Tool Works26.9×
NOCNorthrop Grumman21.5×
Peer median26.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on 3M

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