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STOCK COMPARISON

3M India vs 3M: Fair Value & Quality

Both stocks run through our valuation models. Here is how 3M India (3MINDIA) and 3M (MMM) compare, as of Oct 1, 2026.

As of Oct 1, 2026, Fair Value Calculator sees 3M as the less overvalued of the two: 3M India trades at ₹32,160 versus a fair value of ₹8,276 (−74.3%), while 3M trades at $164 versus $72.78 (−55.7%).
3M India
3MINDIA.NSE · INR · Industrials
−74.3%
upside to fair value
overvalued
Price₹32,160
Fair Value₹8,276
Quality68/100
3M
MMM · USD · Industrials
−55.7%
upside to fair value
overvalued
Price$164
Fair Value$72.78
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

3M India3M
Valuation
62.8×P/E (TTM)29.6×
n/aP/E ex one-offs (FY2025)45.5×
n/aForward P/E (FY2027)16.8×
8.12×P/S (TTM)3.44×
24.41×P/B18.42× · book value is mostly goodwill
42.5×EV/EBITDA14.2×
n/aPEG1.61×
−74.3%Fair value upside−55.7%
1.6%Dividend yield1.8%
₹506Dividend per share$3.02
Profitability
15.6%Operating margin20.4%
2.35×EBIT margin trend (5Y)0.85×
28.9%Return on equity81.9%
19.4%Return on assets8.7%
Growth
19.0%Revenue growth (YoY)2.5%
8.8%Avg. growth/yr (3Y)n/a
14.4%Avg. growth/yr (5Y)n/a
+11.6%Value creation/yr−11.4%
Balance & size
21.2×Interest coverage (EBIT/interest)6.3×
0.00×Debt / equity2.33×
$5BMarket cap$87B
healthyGrowth qualitymixed
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Even match: 6 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

3M Indiaof which business quality 67 · market factors 57 3Mof which business quality 56 · market factors 55
ProfitabilityMargins and returns on capital today
87
62
Quality GrowthAre margins and returns improving?
56
32
CashflowEarnings quality: real cash, not paper profit
56
33
Fin. StrengthBalance sheet, leverage, solvency risk
94
37
InvestmentDisciplined investing over empire-building
89
97
Low VolatilityCalm price path (market factor)
82
65
MomentumPrice trend over the last 3–12 months (market factor)
48
52
52W MomentumDistance to the 52-week high (market factor)
45
50
Net IssuanceShare count: buybacks or dilution?
10
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model family3M IndiaPrice ₹32,1603MPrice $164
DCF Models−65.0%below the price₹11,242−41.4%below the price$96.20
Earnings-Based−69.0%below the price₹9,957−53.8%below the price$75.91
Dividend Discount−72.9%below the price₹8,727−83.1%below the price$27.75
Multiples−73.9%below the price₹8,400−47.2%below the price$86.69
Asset-Based−96.7%below the price₹1,052−96.3%below the price$6.11
Growth DCF−67.6%below the price₹10,416−67.1%below the price$54.00
Economic Profit−90.2%below the price₹3,136−80.9%below the price$31.31
Minimum−96.7%below the price₹1,052−96.3%below the price$6.11
Maximum−65.0%below the price₹11,242−41.4%below the price$96.20
Median−72.9%below the price₹8,727−67.1%below the price$54.00
Geometric mean−81.3%below the price₹6,006−75.3%below the price$40.59

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

3M India: 13 of 13 models see the stock below the current price.

3M: 12 of 12 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

3M India
Price ₹32,160
Fair Value ₹8,276
Bear ₹4,802Bull ₹10,921
3M
Price $164
Fair Value $72.78
Bear $42.85Bull $93.35

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

3M India · Industrials

Quality score68 · Top 25%
Fair value upside−74.3% · bottom 25%

3M · Industrials

Quality score62 · Top 25%
Fair value upside−55.7% · bottom 25%

Bottom line

As of Oct 1, 2026, Fair Value Calculator sees 3M as the less overvalued of the two: 3M India trades at ₹32,160 versus a fair value of ₹8,276 (−74.3%), while 3M trades at $164 versus $72.78 (−55.7%).

3M India has the higher quality score (68/100).

Open 3M live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.