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3M Company (MMM) Fair Value & Analysis

Industrials · US · Market cap $82.2B

3C 3M Company logo 3M Company MMM · US
Price$182.65
Fair Value$76.87
Upside-57.9%
Quality63/100
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Weak Growth
Solidly profitable · 11.1% net margin
High debt · generates free cash flow
1.91% dividend yield
Trails peers (5/15)
Wide moat 75/100
Evidence: High Range $46.42 – $163.57 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $40.57 to $76.87 (+89.5%) since Aug 6, 2026. Share price +16.6% over the past month.

A solid business, but screening 58% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($163.57). The favourable scenario is already priced in.
  • The model range is unusually wide ($46.42 to $163.57). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$183.78 $66.20 Fair Value $76.87 May 2021 Aug 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

60‑month range $66.20 – $183.78 · fair‑value band $46.42 – $163.57 · the $182.65 price screens above the $76.87 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

3M Company (MMM) currently trades at $182.65, while our model-based Fair Value estimate is $76.87, implying the stock looks roughly 57.9% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, 3M Company generated revenue of $25.0B at a net margin of 11.1%. Revenue grew 1.3% year over year. It earns a return on equity of 71.5%. Net debt stands at $7.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $46.42 (bear case) to $163.57 (bull case); at $182.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades near its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at -58%, MMM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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 $17.32 $26.96 $43.17 80
Residual Income $48.48 $80.57 $1,694 76
Rev-Margin DCF $34.21 $59.99 $90.71 74
All 12 models by family
DCF Models
Owner Earnings $60.17 $86.12 $133.16 31
5Y P/E Exit $52.38 $90.78 $134.93 38
10Y P/E Exit $38.28 $67.32 $97.97 35
Earnings-Based
Graham-Dodd $42.37 $75.06 $92.30 54
Dividend Discount
Gordon GGM $20.69 $26.73 $32.90 70
DDM Multi-Stage $20.69 $28.15 $37.18 61
Multiples
P/E Multiple $98.14 $130.86 $163.57 63
P/B Multiple $30.43 $40.57 $50.71 55
Asset-Based
NCAV (Graham) $4.51 $6.04 $9.02 50
Growth DCF
Growth DCF $17.32 $26.96 $43.17 80
Rev-Margin DCF $34.21 $59.99 $90.71 74
Economic Profit
Residual Income $48.48 $80.57 $1,694 76

Widest divergence: DCF Models ($86.12) versus Asset-Based ($6.04). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $25.0B
Revenue growth (YoY) +1.3%
Net margin 11.1%
Return on equity 71.5%
Free cash flow $1.4B FY2025
P/E ratio 35.2
More key figures
Operating margin 23.3%
EPS (TTM) $5.19
Dividend yield 2.0%
EPS growth (YoY) -39.7%
Net debt $7.7B FY2025

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 56 · Market factors (momentum, volatility) 63

Profitability 62
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 100
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.

About the company

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.

Full company description

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. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$24.9B
Latest YoY
+1.5%
Avg. 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.
−10.0%
Avg. growth/yr (5Y) 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.
−5.0%
Avg. growth/yr (40Y) 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.
+2.9%
Revenue −8.3%/yr
FY21 $35.4B
FY22 $34.2B
FY23 $32.7B
FY24 $24.6B
FY25 $24.9B
Net income −13.9%/yr
FY21 $5.9B
FY22 $5.8B
FY23 −$7.0B
FY24 $4.2B
FY25 $3.3B
Character of growth · EPS growth decomposed (2014-2025) −1.3 % p.a.
Revenue per share −0.6 pp

of which total revenue −2.2 pp · buybacks/dilution +1.6 pp

EBIT margin −1.8 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MMM screens 58% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "3M Company Fair Value". https://www.fairvalue-calculator.com/stock/MMM

Peer Group

Conglomerates · 385 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.

Quality Score 63 · Top 25%
Fair Value upside −58% · Bottom 25%
Return on equity (TTM) 71% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 23% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 2.33× · Higher than 75% of peers

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 35.2× · Pricier than 75% of peers
P/B 17.47× · Pricier than 75% of peers
P/S (TTM) 3.28× · Pricier than 75% of peers
P/FCF 58.9× · Pricier than 75% of peers
EV/EBITDA 14.1× · Pricier than 75% of peers
PEG 1.67× · Pricier than median

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.

VALUE 0 · sector 27
FUTURE 7 · sector 17
PAST 100 · sector 18
HEALTH 0 · sector 89
DIVIDEND 38 · sector 39

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

Insider activity: 46/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is 3M Company (MMM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $76.87 versus a price of $182.65, about −58% (overvalued).
What is the fair value of MMM?
Our model-based fair value for 3M Company is $76.87 (as of Aug 13, 2026), built from audited fundamentals. The current price is $182.65.
What is the quality score of MMM?
3M Company has a Quality Score of 63/100. 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 revenue of 3M Company (MMM)?
3M Company reported trailing-twelve-month revenue of about $25.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MMM?
The net profit margin of 3M Company is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does 3M Company pay a dividend?
3M Company currently shows a dividend yield of about 1.96% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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