3M Company (MMM) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of 3M Company stock $73.02, price $194, that is 62.4% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
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3M Company
MMM · USOur calculation puts a fair price 62% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $65.91 – $193.95 · fair‑value band $42.85 – $93.35 · the $193.95 price screens above the $73.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer.
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The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.
The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions.
The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports.
It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries.
The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.
Stock analysis
3M Company (MMM) currently trades at $193.95, while our model-based Fair Value estimate is $73.02, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $132.34 per share, and 0 of the 10 models we run sit above the $193.95 price.
Bear case: the Dividend Discount group reads lowest at $25.93, and 10 of the 10 models stay below the price. Data coverage for this calculation is high.
Scenario range: $42.85 (bear) to $93.35 (bull), the price of $193.95 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
3M Company reported revenue of $24.9B in FY2025 versus $35.4B in FY2021, a compound −8.3%/yr. Reported net income was $3.3B in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap $102B Large · P/E ratio 29.2 · P/S ratio 4.05 · EPS (TTM) $6.65 · Dividend yield 1.6% · Net margin 14.0% · Return on equity 73.0% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −62%, MMM screens richer than that median.
Fair Value models
All 10 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 5 officers or directors sold shares worth $4.3M and none bought.
- SaleRodriguez Beatriz Karina ChavezGroup President2× since Feb 9, 2026: 4,825 shares, avg. $179.70$867,069Aug 5, 2026
- SaleJohn Patrick BanovetzExecutive Vice President7,880 shares at $170.44$1.3MJul 23, 2026
- SaleTheresa E ReinsethSr Vice President & CAO2× since Feb 11, 2026: 6,069 shares, avg. $172.24$1.0MJul 23, 2026
- SaleChristian T Goralski JRGroup President4,902 shares at $170.46$835,595Jul 22, 2026
- SaleKevin H RhodesEVP, Chief Legal Off & Secret7,669 shares at $171.20$1.3MJul 22, 2026
- SaleZoe L DicksonEVP & Chief HR Officer3× since Nov 13, 2025: 47,974 shares, avg. $169.87$8.1MFeb 9, 2026
Plus 19 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 4, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
MMM screens overvalued: fair value 62% below the price. Compare with Honeywell International Inc →
Compare 3M Company with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 307 stocks
Valuation Multiplesvs Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on assets by industry
- Fair value gap by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Conglomerates stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| PT Astra International Tbk, ASII | 4,930 IDR | 9,720 IDR | +97% | vs MMM |
| CITIC Limited 0267 | HK$12.78 | HK$24.60 | +92% | vs MMM |
| SK Inc 034730 | 482,500 KRW | 632,391 KRW | +31% | vs MMM |
| Kingdom Holding 4280 | 12.16 SAR | 13.40 SAR | +10% | vs MMM |
| Jardine Matheson Holdings J36 | $61.94 | $66.74 | +8% | vs MMM |
| Honeywell International Inc HON | $228.47 | $245.42 | +7% | vs MMM |
| SGH Limited SGH | A$42.48 | A$34.87 | −18% | vs MMM |
| Keppel Ltd BN4 | 9.94 SGD | 3.87 SGD | −61% | vs MMM |
| Swire Pacific Limited 0019 | HK$112.20 | HK$27.75 | −75% | vs MMM |
| Doosan Corporation 000150 | 719,000 KRW | 95,752 KRW | −87% | vs MMM |
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Frequently asked questions
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Key figures of 3M Company
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