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Data-driven stock valuation

MMMM.TO (MMMM) fair value: what the stock is really worth

We calculate from audited financials what MMMM.TO is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Industrials · CA · Market cap C$79.8B (≈ $57.8B)

At a glance

MT MMMM.TO MMMM · TO
PriceC$25.64
Fair ValueC$12.11
Upside−52.8%
Quality62/100

A solid business, but trading 112% above our fair value of C$12.11.

As of Aug 13, 2026, the fair value of MMMM.TO is C$12.11 per share against a price of C$25.64, so the fair value sits 53% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 3y −1.6 %/yr)
!Thin margins · 0.0% net margin
!High debt · generates free cash flow
·11.78% dividend yield
!Trails peers (2/10)
Wide moat 67/100
!Evidence only low, so the estimate is less certain
!The models disagree: range C$8.07 to C$30.65
Evidence: Low Range C$8.07 to C$30.65

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 27 days ago

Fair value updated Aug 13, 2026, revised from C$7.00 to C$12.11 (+73.0%) since Jul 24, 2026. Share price −9.7% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (C$8.07 to C$30.65). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (2 years)

C$28.68 C$19.79 Fair Value C$12.11 Sep 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

24‑month range C$19.79 – C$28.68 · fair‑value band C$8.07 – C$30.65 · the C$25.64 price screens above the C$12.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MMMM.TO (MMMM) currently trades at C$25.64, while our model-based Fair Value estimate is C$12.11, implying the stock looks roughly 111.7% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of C$14.03 per share, and 0 of the 12 models we run sit above the C$25.64 price. Bear case: the Growth DCF group reads lowest at C$4.39, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Net debt stands at C$7.4B. The stock trades on a trailing P/E of 28.6 (as of Jun 13, 2026). Fundamentals as of Aug 13, 2026

Scenario range: C$8.07 (bear) to C$30.65 (bull), the price of C$25.64 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 7% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 35% fair-value upside, at −53%, MMMM screens richer than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$2.73 C$4.39 C$7.23 73
Owner Earnings C$9.56 C$14.03 C$22.31 72
Rev-Margin DCF C$5.54 C$9.92 C$15.20 68
All 12 models by family
DCF Models
Owner Earnings C$9.56 C$14.03 C$22.31 72
5Y P/E Exit C$8.50 C$14.94 C$22.61 67
10Y P/E Exit C$6.12 C$10.31 C$14.38 61
Earnings-Based
Graham-Dodd C$7.10 C$8.68 C$9.76 65
Dividend Discount
Gordon GGM C$4.61 C$5.04 C$5.71 67
DDM Multi-Stage C$4.61 C$5.78 C$7.42 65
Multiples
P/E Multiple C$16.44 C$21.92 C$27.41 63
P/B Multiple C$5.10 C$6.80 C$8.50 55
Asset-Based
NCAV (Graham) C$0.7600 C$1.01 C$1.51 54
Growth DCF
Growth DCF C$2.73 C$4.39 C$7.23 73
Rev-Margin DCF C$5.54 C$9.92 C$15.20 68
Economic Profit
Residual Income C$7.21 C$10.82 C$161.32 61

Widest divergence: DCF Models (C$14.03) versus Asset-Based (C$1.01). Highest evidence: Growth DCF (73).

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Key figures & financial health

P/E ratio 28.6 as of Jun 13, 2026
P/S ratio 3.73 P/E × margin
Dividend yield 11.8%
Net margin 13.0% FY2025
Return on equity 7,608% TTM
Return on assets (EBIT) 3.2% avg 4y
More key figures
Balance sheet & cash flow
Free cash flow C$1.4B FY2025
Net debt C$7.4B FY2025 · ≈ 5.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 56 · Market factors (momentum, volatility) 55

Profitability 62
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 96
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

3M Company provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer.

Full company description

3M Company provides diversified technology services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment offers 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 mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment/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. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

MMMM.TO reported revenue of $24.9B in FY2025 versus $26.2B in FY2022, a compound −1.6%/yr. Reported net income was $3.3B in FY2025, compounding −17.4%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$24.9B
Latest YoY
+1.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.6%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year.
−4.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−16.5%
Dividend yield11.8%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16.7% (2022) → 18.6% (2025) · rising
Worst earnings drop27% (2024) · in CAD
Revenue −1.6%/yr
FY22 $26.2B
FY23 $24.6B
FY24 $24.6B
FY25 $24.9B
Net income −17.4%/yr
FY22 $5.8B
FY23 −$7.0B
FY24 $4.2B
FY25 $3.3B

MMMM screens 112% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "MMMM.TO Fair Value". https://www.fairvalue-calculator.com/stock/MMMM.TO

Peer Group

Conglomerates · 378 stocks

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.

Valuation
Quality Score 62 · Top 25%
Fair Value upside −54% · Bottom 25%
Profitability
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth 0% · Below median
Dividend yield (TTM) 11.8% · Top 25%
Balance sheet
Debt / equity 2.33× · Highest 25%

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 28.6× · Pricier than median
P/B 12.27× · Priciest 25%
P/FCF 41.3× · Priciest 25%
PEG 1.66× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must MMMM.TO deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+1.9 % per year
Achieved revenue growth, 3 years-1.6 % p.a.
Sector median revenue growth+4.6 %
FCF yield on price10.27 %
Discount rate (WACC) in the models9.0 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 28
FUTURE0 · sector 16
PAST0 · sector 17
HEALTH0 · sector 89
DIVIDEND100 · sector 41

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ITOCHU Corporation ITOCHU19 7.20 THB 14.40 THB +100%
3M Company MMM $168.56 $76.87 −54%
Honeywell International Inc HON $209.61 $218.95 +4%
CITIC Limited 0267 HK$13.02 HK$26.04 +100%
Poste Italiane S.p.A PST €26.90 €7.65 −72%
Swire Pacific Limited 0019 HK$106.30 HK$36.88 −65%
CK Hutchison Holdings 0001 HK$69.85 HK$100.46 +44%
SK Inc 034730 553,000 KRW 615,077 KRW +11%
PT Astra International Tbk, ASII 4,850 IDR 9,700 IDR +100%
Jardine Matheson Holdings J36 $58.42 $79.11 +35%

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Frequently asked questions

Is MMMM.TO (MMMM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of C$12.11 versus a price of C$25.64, about −53% upside (overvalued).
What is the fair value of MMMM?
Our model-based fair value for MMMM.TO is C$12.11 (as of Aug 13, 2026), built from audited fundamentals. The current price: C$25.64.
What is the quality score of MMMM?
MMMM.TO has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for MMMM.TO (MMMM)?
Our model-based price target is the fair value of C$12.11 (as of Aug 13, 2026) from 12 valuation models. Cautious scenario C$8.07, optimistic scenario C$30.65. It is a calculation from audited fundamentals, not an analyst target.
What is the MMMM.TO stock forecast for 2026?
Our models put fair value at C$12.11, about −53% upside versus a price of C$25.64 (overvalued). Cautious scenario C$8.07, optimistic scenario C$30.65. The calculation is refreshed regularly with new filings.
What is the net profit margin of MMMM?
The net profit margin of MMMM.TO is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does MMMM.TO pay a dividend?
MMMM.TO currently shows a dividend yield of about 11.78% relative to its recent price (as of Aug 13, 2026).
What growth is priced into MMMM.TO (MMMM)?
For today's price to be fair in a discounted-cash-flow model, MMMM.TO would have to grow free cash flow by +1.9 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 3 years revenue grew -1.6 % per year. As of Aug 13, 2026.
What discount rate (WACC) does the fair value of MMMM use?
Our models discount MMMM.TO at 9.0 %: a base by market capitalisation (large). The same rate applies in all 26 models.
What is the intrinsic value of MMMM.TO (MMMM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MMMM.TO it is C$12.11 per share (as of Aug 13, 2026), against a price of C$25.64. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is MMMM.TO stock overvalued or undervalued in 2026?
As of Aug 13, 2026, MMMM trades above its calculated fair value: price C$25.64, fair value C$12.11, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MMMM?
No. The price is what the market pays today (C$25.64); the fair value is what the company's own numbers justify (C$12.11). For MMMM.TO the two are C$13.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is MMMM.TO worth?
The market values MMMM.TO at about C$79.8B (market capitalisation, as of Aug 13, 2026). Per share that is C$25.64; our models calculate a fair value of C$12.11 per share.
What do the bullish and bearish scenarios say about MMMM?
Our models span a range for MMMM.TO: cautious scenario C$8.07, base C$12.11, optimistic C$30.65 per share (as of Aug 13, 2026, price C$25.64). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MMMM?
MMMM.TO trades at a price-to-earnings ratio of 28.6 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$12.11 is built from several models across several years. Other multiples: PEG 1.7, P/B 12.3.
What is the PEG ratio of MMMM?
The PEG ratio of MMMM.TO is 1.66 (P/E divided by earnings growth, as of Aug 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of MMMM.TO (MMMM)?
Balance-sheet figures for MMMM.TO (as of Aug 13, 2026): debt of 2.33 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is MMMM from its 52-week high?
MMMM.TO trades at C$25.64, about 7% below its 52-week high of C$27.72 and 17% above the low of C$21.90 (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of C$12.11 is for.
Which stocks are comparable to MMMM.TO?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MMMM.TO stock attractive at the current price?
The data as of Aug 13, 2026: price C$25.64, calculated fair value C$12.11 (−53%), Quality Score 62/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MMMM calculated?
We run MMMM.TO through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$12.11, with the spread shown as a cautious and an optimistic scenario.
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