3M Company (MMM) Stock Analysis
Over the past 10 years, 3M (MMM) earnings per share (EPS) declined 2.4% a year, revenue declined 1.9% a year and free cash flow declined 11.9% a year, with an average return on invested capital (ROIC) of 13.8%. MMM stock trades at $163.99, a P/E of 19.2, above its historical average of 17.1. Analysts' average 12-month price target is $191.00 (+16.5%).
3M Company operates as a global technology conglomerate with diverse interests. Its extensive operations are strategically divided into four primary business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | -7.0% | -17.0% | -29.0% | F |
| EPS GrowthEPS | -2.4% | -8.5% | 8.8% | F |
| Revenue GrowthRevenue | -1.9% | -5.0% | 2.3% | F |
| Cash Flow GrowthCash Flow | -11.9% | -26.7% | 301.0% | B+ |
| ROICROIC | 13.8% | 11.6% | 11.5% | A- |
Exhibit B Valuation Ledger
- Current EPS
- $8.56
- Historical Avg P/E
- 17.1
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $17.94 | $16.64 | $18.87 | $16.27 | $17.20 | $22.10 | $25.71 | $25.94 | $8.68 | $6.96 | $8.72 | $5.60 | |
| Basic EPSEPS | $7.73 | $8.35 | $8.13 | $9.09 | $7.92 | $9.43 | $10.23 | $10.21 | -$12.63 | $7.58 | $6.04 | $8.56 | |
| RevenueRevenue | $30,274,000,000 | $30,109,000,000 | $31,657,000,000 | $32,765,000,000 | $32,136,000,000 | $32,184,000,000 | $35,355,000,000 | $34,229,000,000 | $24,610,000,000 | $24,575,000,000 | $24,948,000,000 | $25,180,000,000 | |
| Free Cash FlowCash Flow | $4,959,000,000 | $5,242,000,000 | $4,867,000,000 | $4,862,000,000 | $5,371,000,000 | $6,612,000,000 | $5,851,000,000 | $3,842,000,000 | $5,065,000,000 | $638,000,000 | $1,396,000,000 | $3,985,000,000 | |
| ROIC (%)ROIC | 18.1% | 18.2% | 14.5% | 19.5% | 14.5% | 13.8% | 15.6% | 9.4% | 7.8% | 13.4% | 11.5% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
33 firms rate it — 16 buy, 16 hold, 1 sell · Most recent Sep 2026
MMM Stock FAQ
What is MMM's stock price target?
The average 12-month analyst price target for MMM is $191.00, with a range of $171.00 to $218.00. That is +16.5% from the current price of $163.99.
Do analysts rate MMM a buy?
Opinion is mixed. Of 33 firms covering 3M, the ratings are 16 buy or strong buy, 16 hold and 1 sell or strong sell.
How fast is 3M growing?
Annual growth rates for MMM. EPS: -2.4% over 10 years, -8.5% over 5 years, 8.8% over 1 year. Revenue: -1.9% over 10 years, -5.0% over 5 years, 2.3% over 1 year. Free cash flow: -11.9% over 10 years, -26.7% over 5 years, 301.0% over 1 year. Book value per share: -7.0% over 10 years, -17.0% over 5 years, -29.0% over 1 year.
What is MMM's ROIC?
3M's return on invested capital (ROIC) was 11.5% in fiscal 2025. Its 10-year average ROIC is 13.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is MMM's P/E ratio?
MMM's current P/E ratio is 19.2, compared with a historical average of 17.1. Trailing earnings per share are $8.56.
What is 3M's market cap and stock price?
MMM last traded at $163.99 as of October 19, 2026. Its 52-week range is $139.34 to $184.90. 3M has a market cap of $84.57B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.