MMM

NYSE

3M CO

Industrials, Industrial Conglomerates

$182.90

close 7 Aug 2026

+17.76%

52-week change

$94.33B

market cap

$139.34

$184.90

52-week range

Expected price

$88.87 – $108.62

Current price

$182.90

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)32.49x

P/S (TTM)3.75x

P/B31.95x

EV/EBITDA (TTM)17.91x

FCF yield (TTM)4.22%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average21.14x

P/E, sector median29.72x*

Price at 5-year median P/E$100.28*

Indicated dividend yield1.71%

Forward — analyst consensus

Forward P/E (FY2026)20.45x*

Forward P/E (FY2027)18.81x

Forward PEG2.34*

Consensus EPS FY2026 (16 analysts)$8.94

EPS growth (FY2026→FY2027)8.74%

Revenue growth (FY2026)4.64%

Street view

Price target (mean)$181.85*

Target upside-0.58%

Ratings (buy / hold / sell)9 / 6 / 3

FY2026 EPS revisions, 30d (up / down)11 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -26.73%10Y CAGR -11.91%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$182.90

Cash & equivalents—

Total debt$12.55B

Shares outstanding515.72M

Result

DCF price per share—

Current price$182.90

Margin of safety—

PV of years 1–10$10.82B

PV of terminal value$3.69B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.19B	$2.55B	$2.04B	$1.63B	$1.31B	$1.04B	$835.72M	$668.57M	$534.86M	$427.89M	$7.97B
PV	$2.95B	$2.19B	$1.62B	$1.20B	$888.71M	$658.30M	$487.63M	$361.21M	$267.56M	$198.19M	$3.69B

period to 30 Jun 2026, filed 21 Jul 2026, close 7 Aug 2026