Question 1

What is 3M's P/S ratio?

Accepted Answer

3M (MMM) P/S ratio is 3.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for 3M?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For 3M specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is 3M's P/S ratio high or low?

Accepted Answer

3M's P/S ratio of 3.6× is above its own 5-year average of 2.4× and above the sector median of 3.1×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is 3M's historical P/S ratio range?

Accepted Answer

In the available daily series, 3M (MMM) P/S ratio has ranged from a low of 1.2× in 2009 to a high of 3.8× in 2025. The 5-year average is 2.4× and the 5-year median is 2.3×.

Question 7

What was 3M's P/S ratio in 2025?

Accepted Answer

3M (MMM) P/S ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does 3M's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$85.5B	$24.9B	3.4×	+0.6×	Dec 31, 2025
2024	$70.2B	$24.6B	2.9×	+0.9×	Dec 31, 2024
2023	$50.7B	$26.6B	1.9×	+0.3×	Dec 31, 2023
2022	$55.3B	$34.2B	1.6×	-0.8×	Dec 31, 2022
2021	$85.4B	$35.4B	2.4×	-0.2×	Dec 31, 2021
2020	$84.6B	$32.2B	2.6×	-0.0×	Dec 31, 2020
2019	$85B	$32.1B	2.6×	-0.2×	Dec 31, 2019
2018	$92.5B	$32.8B	2.8×	-0.9×	Dec 31, 2018
2017	$117B	$31.7B	3.7×	+0.7×	Dec 31, 2017
2016	$89.6B	$30.1B	3.0×	+0.4×	Dec 31, 2016
2015	$77.4B	$30.3B	2.6×	-0.2×	Dec 31, 2015
2014	$87.6B	$31.8B	2.8×	+0.2×	Dec 31, 2014
2013	$78.4B	$30.9B	2.5×	+0.7×	Dec 31, 2013
2012	$53.7B	$29.9B	1.8×	+0.2×	Dec 31, 2012
2011	$47.6B	$29.6B	1.6×	-0.3×	Dec 31, 2011
2010	$51.3B	$26.7B	1.9×	-0.2×	Dec 31, 2010
2009	$49B	$23.1B	2.1×	+0.8×	Dec 31, 2009
2008	$33.3B	$25.3B	1.3×	-0.7×	Dec 31, 2008
2007	$49.8B	$24.5B	2.0×	-0.0×	Dec 31, 2007
2006	$47.5B	$22.9B	2.1×	-0.2×	Dec 31, 2006
2005	$48.9B	$21.2B	2.3×	-0.3×	Dec 31, 2005
2004	$53B	$20B	2.6×	-0.4×	Dec 31, 2004
2003	$55.7B	$18.2B	3.1×	+0.6×	Dec 31, 2003
2002	$40.2B	$16.3B	2.5×	—	Dec 31, 2002


Franklin Electric Co. (FELE)	1.9×
Lockheed Martin (LMT)	1.8×
Upwork (UPWK)	1.8×
Boeing (BA)	1.8×
General Dynamics (GD)	1.8×
Expeditors International (EXPD)	1.7×
Northrop Grumman (NOC)	1.7×
Masco (MAS)	1.6×
Pool (POOL)	1.4×
C.H. Robinson Worldwide (CHRW)	1.2×
Alamo Group (ALG)	1.2×
Huntington Ingalls Industries (HII)	1.2×
Jacobs Solutions (J)	1.1×
Textron (TXT)	1.0×
Tennant (TNC)	1.0×
United Parcel Service (UPS)	0.9×
Delta Air Lines (DAL)	0.9×
FedEx (FDX)	0.9×
AGCO (AGCO)	0.8×
United Airlines Holdings (UAL)	0.7×
Stanley Black & Decker (SWK)	0.7×
Matthews International (MATW)	0.7×
Amentum Holdings (AMTM)	0.5×
ABM Industries (ABM)	0.3×
Andersons (ANDE)	0.2×

P/S Ratio for 3M (MMM) 2002-2026

P/S Ratio daily chart for 3M (MMM)

Historical P/S Ratio for 3M (MMM) from 2002 to 2025

About P/S Ratio at 3M (MMM)

3M P/S Ratio by Year

3M P/S Ratio 2025: 3.4×

3M P/S Ratio 2024: 2.9×

3M P/S Ratio 2023: 1.9×

3M P/S Ratio 2022: 1.6×

3M P/S Ratio 2021: 2.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

3M (MMM) Key Financials